REGISTERED NUMBER: 08213970 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Knowles Farm Equestrian & Agricultural

Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C White

Mrs S J White

REGISTERED OFFICE:

Knowles Farm

Fox Lane

Holmesfield

Dronfield

S18 7WG

REGISTERED NUMBER:

08213970 (England and Wales)

ACCOUNTANTS:

Hadfields Chartered Certified Accountants

Commerce House

658B Chatsworth Road

Chesterfield

Derbyshire

S40 3JZ

FIXED ASSETS

Intangible assets

4

3,167

4,167

Tangible assets

5

74,185

56,211

77,352

60,378

CURRENT ASSETS

Stocks

20,041

21,143

Debtors

6

11,357

8,744

31,398

29,887

CREDITORS

Amounts falling due within one year

7

92,248

93,163

NET CURRENT LIABILITIES

(60,850

)

(63,276

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,502

(2,898

)

CREDITORS

Amounts falling due after more than one year

8

11,034

5,508

NET ASSETS/(LIABILITIES)

5,468

(8,406

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,368

(8,506

)

SHAREHOLDERS' FUNDS

5,468

(8,406

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 22 August 2025 and were signed on its behalf by:

C White - Director

1.	STATUTORY INFORMATION

Knowles Farm Equestrian & Agricultural Services Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

15,000

AMORTISATION

At 1 April 2024

10,833

Charge for year

1,000

At 31 March 2025

11,833

NET BOOK VALUE

At 31 March 2025

3,167

At 31 March 2024

4,167

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

43,215

159,347

202,562

Additions

-

38,024

38,024

Disposals

-

(24,233

)

(24,233

)

At 31 March 2025

43,215

173,138

216,353

DEPRECIATION

At 1 April 2024

41,069

105,282

146,351

Charge for year

715

12,686

13,401

Eliminated on disposal

-

(17,584

)

(17,584

)

At 31 March 2025

41,784

100,384

142,168

NET BOOK VALUE

At 31 March 2025

1,431

72,754

74,185

At 31 March 2024

2,146

54,065

56,211

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

576

588

Other debtors

10,781

8,156

11,357

8,744

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

66,295

65,108

Hire purchase contracts

6,350

3,550

Trade creditors

11,129

12,292

Other creditors

8,474

12,213

92,248

93,163

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

11,034

5,508

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

C White and Mrs S J White

Balance outstanding at start of year

8,063

(12,166

)

Amounts advanced

-

20,229

Amounts repaid

(656

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,407

8,063

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £24,000 were paid to the directors .