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REGISTERED NUMBER: 09442590 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 FEBRUARY 2025

FOR

Happy Horse Saddlery Limited

Happy Horse Saddlery Limited (Registered number: 09442590)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 28 February 2025

Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Happy Horse Saddlery Limited

COMPANY INFORMATION

for the Year Ended 28 February 2025

| DIRECTOR: | Miss A Lea

| REGISTERED OFFICE: | Potash Farm

| Vallery Farm Road

| Melton

| Woodbridge

| Suffolk

| IP12 1LJ

| REGISTERED NUMBER: | 09442590 (England and Wales)

| ACCOUNTANTS: | Wingfield Accountancy Services Limited

| Chartered Certified Accountants

| Brindle Place

| Syleham Road

| Diss

| Norfolk

| IP21 5RF

Happy Horse Saddlery Limited (Registered number: 09442590)

ABRIDGED BALANCE SHEET

28 February 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 16,984 |  | 21,508 |  |

CURRENT ASSETS

Stocks | 252,652 |  | 199,172 |  |

Debtors | 19,953 |  | 16,388 |  |

Cash at bank and in hand | 31,554 |  | 40,413 |  |

304,159 |  | 255,973 |  |

CREDITORS

Amounts falling due within one year | 73,158 |  | 82,737 |  |

NET CURRENT ASSETS | 231,001 |  | 173,236 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 247,985 |  | 194,744 |  |

PROVISIONS FOR LIABILITIES | 6 | 2,668 |  | 3,515 |  |

NET ASSETS | 245,317 |  | 191,229 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 1 |  | 1 |  |

Retained earnings | 245,316 |  | 191,228 |  |

SHAREHOLDERS' FUNDS | 245,317 |  | 191,229 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Happy Horse Saddlery Limited (Registered number: 09442590)

ABRIDGED BALANCE SHEET - continued

28 February 2025

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 15 October 2025 and were signed by:

Miss A Lea - Director

Happy Horse Saddlery Limited (Registered number: 09442590)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| Happy Horse Saddlery 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.

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.

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 3% straight line

| Stocks

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

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Taxation

| Taxation for the year 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.

Happy Horse Saddlery Limited (Registered number: 09442590)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 28 February 2025

2. | ACCOUNTING POLICIES - continued

| 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 year 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

| 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.

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 5 ) .

Happy Horse Saddlery Limited (Registered number: 09442590)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 28 February 2025

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 March 2024 | 47,645 |  |

| Additions | 350 |  |

| Disposals | (1,301 | ) |

| At 28 February 2025 | 46,694 |  |

| DEPRECIATION

| At 1 March 2024 | 26,137 |  |

| Charge for year | 4,776 |  |

| Eliminated on disposal | (1,203 | ) |

| At 28 February 2025 | 29,710 |  |

| NET BOOK VALUE

| At 28 February 2025 | 16,984 |  |

| At 29 February 2024 | 21,508 |  |

5. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | - |  | 320 |  |

6. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 2,668 |  | 3,515 |  |

| Deferred |

| tax |

£ |

| Balance at 1 March 2024 | 3,515 |  |

| Provided during year | (847 | ) |

| Balance at 28 February 2025 | 2,668 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1 | Ordinary | 1 | 1 |  | 1 |  |

Happy Horse Saddlery Limited (Registered number: 09442590)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 28 February 2025

8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 | 2024 |

£ | £ |

| Miss A Lea

| Balance outstanding at start of year | 14,033 |  | 29,919 |  |

| Amounts advanced | 41,741 |  | 35,805 |  |

| Amounts repaid | (37,624 | ) | (51,691 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 18,150 |  | 14,033 |  |

| Interest is charged on overdrawn balances at HMRC official rates and the loan is repayable on demand.

9. | ULTIMATE CONTROLLING PARTY

| The controlling party is Miss A Lea.