Track Right Equestrian Limited

Registered number

04833293

Filleted Accounts

31 March 2025

Track Right Equestrian Limited
Registered number:		04833293
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		40,131			52,644

Current assets
Stocks		299,042			257,011
Debtors	5	7,848			9,775
Cash at bank and in hand		88,200			84,290
		395,090			351,076

Creditors: amounts falling due within one year	6	(61,510)			(58,894)

Net current assets			333,580			292,182

Total assets less current liabilities			373,711			344,826

Creditors: amounts falling due after more than one year	7		(11,738)			(19,404)

Provisions for liabilities			(10,033)			(13,161)


Net assets			351,940			312,261

Capital and reserves
Called up share capital			100			100
Profit and loss account			351,840			312,161

Shareholders' funds			351,940			312,261

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mrs S J Bartlett
Director
Approved by the board on 29 October 2025

Track Right Equestrian Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			25% cost and reducing balance
	Fixtures, fittings, tools and equipment			25% cost and reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					6		9


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2024							30,000
	At 31 March 2025							30,000

	Amortisation
	At 1 April 2024							30,000
	At 31 March 2025							30,000

	Net book value
	At 31 March 2025							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	11,381		105,088		109,191		225,660
	Additions	-		1,205		-		1,205
	At 31 March 2025	11,381		106,293		109,191		226,865

	Depreciation
	At 1 April 2024	11,381		95,989		65,646		173,016
	Charge for the year	-		2,831		10,887		13,718
	At 31 March 2025	11,381		98,820		76,533		186,734

	Net book value
	At 31 March 2025	-		7,473		32,658		40,131
	At 31 March 2024	-		9,099		43,545		52,644


5	Debtors					2025		2024
£							£

	Trade debtors					1,852		4,873
	Other debtors					5,996		4,902
						7,848		9,775


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					8,000		8,000
	Trade creditors					17,436		19,639
	Taxation and social security costs					35,670		31,023
	Other creditors					404		232
						61,510		58,894


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					8,000		16,000
	Directors Loan Account					3,738		3,404
						11,738		19,404


8	Other information

	Track Right Equestrian Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Richmond House
	38 High Street
	Hurstpierpoint
	West Sussex
	BN6 9RG