Cheval Liberte UK Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05444588 (England and Wales)

Unaudited Financial Statements

for the Period 1 September 2023 to 31 December 2024

for

Cheval Liberte UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A R Davies

I E Davies

I R Davies

G R Davies

SECRETARY:

REGISTERED OFFICE:

Trewyn Farm

Carrog Road

CORWEN

Denbighshire

LL21 9RW

REGISTERED NUMBER:

05444588 (England and Wales)

ACCOUNTANTS:

Cyfrifwyr Hill & Roberts

8a Chester Street

Mold

Flintshire

CH7 1EG

FIXED ASSETS

Tangible assets

4

243,436

178,265

CURRENT ASSETS

Stocks

415,874

673,220

Debtors

5

500,122

284,568

Cash at bank

782,521

414,560

1,698,517

1,372,348

CREDITORS

Amounts falling due within one year

6

496,901

420,618

NET CURRENT ASSETS

1,201,616

951,730

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,445,052

1,129,995

CREDITORS

Amounts falling due after more than
one year

7

-

(32,630

)

PROVISIONS FOR LIABILITIES

(49,580

)

-

NET ASSETS

1,395,472

1,097,365

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

1,395,372

1,097,265

1,395,472

1,097,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

A R Davies - Director

1.	STATUTORY INFORMATION

Cheval Liberte UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2023

548,516

Additions

152,589

Disposals

(50,356

)

At 31 December 2024

650,749

DEPRECIATION

At 1 September 2023

370,251

Charge for period

71,460

Eliminated on disposal

(34,398

)

At 31 December 2024

407,313

NET BOOK VALUE

At 31 December 2024

243,436

At 31 August 2023

178,265

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 September 2023

91,100

Transfer to ownership

(42,600

)

At 31 December 2024

48,500

DEPRECIATION

At 1 September 2023

46,514

Charge for period

5,771

Transfer to ownership

(26,871

)

At 31 December 2024

25,414

NET BOOK VALUE

At 31 December 2024

23,086

At 31 August 2023

44,586

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.8.23

£

Trade debtors

450,978

215,607

Other debtors

49,144

68,961

500,122

284,568

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.8.23

£

Bank loans and overdrafts

14,812

10,056

Hire purchase contracts

9,047

19,254

Trade creditors

20,006

50,140

Taxation and social security

371,703

225,440

Other creditors

81,333

115,728

496,901

420,618

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.12.24

31.8.23

£

Bank loans

-

18,218

Hire purchase contracts

-

14,412

-

32,630

8.	SECURED DEBTS

The company bankers hold a debenture dated 4 July 2005, the particulars being a fixed and floating charge over the undertaking and all of its assets.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2024 and the year ended 31 August 2023:

31.12.24

31.8.23

£

A R Davies

Balance outstanding at start of period

26,677

21,177

Amounts advanced

3,000

5,500

Amounts repaid

(12,817

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

16,860

26,677

I R Davies

Balance outstanding at start of period

9,000

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

9,000

G R Davies

Balance outstanding at start of period

8,000

Amounts repaid

(5,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

3,000

8,000

I E Davies

Balance outstanding at start of period

8,000

Amounts repaid

(5,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

3,000

8,000