Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 01563557 Mr M Camacho Mr M Camacho Mrs S Camacho Mr G D Camacho Mr M C Camacho Mrs J A Brown Mrs S Camacho iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01563557 2024-03-31 01563557 2025-03-31 01563557 2024-04-01 2025-03-31 01563557 frs-core:CurrentFinancialInstruments 2025-03-31 01563557 frs-core:Non-currentFinancialInstruments 2025-03-31 01563557 frs-core:PlantMachinery 2025-03-31 01563557 frs-core:PlantMachinery 2024-04-01 2025-03-31 01563557 frs-core:PlantMachinery 2024-03-31 01563557 frs-core:ShareCapital 2025-03-31 01563557 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 01563557 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01563557 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 01563557 frs-bus:SmallEntities 2024-04-01 2025-03-31 01563557 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01563557 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01563557 frs-bus:Director1 2024-04-01 2025-03-31 01563557 frs-bus:Director2 2024-04-01 2025-03-31 01563557 frs-bus:Director3 2024-04-01 2025-03-31 01563557 frs-bus:Director4 2024-04-01 2025-03-31 01563557 frs-bus:Director5 2024-04-01 2025-03-31 01563557 frs-bus:Director6 2024-04-01 2025-03-31 01563557 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 01563557 frs-countries:EnglandWales 2024-04-01 2025-03-31 01563557 2023-03-31 01563557 2024-03-31 01563557 2023-04-01 2024-03-31 01563557 frs-core:CurrentFinancialInstruments 2024-03-31 01563557 frs-core:Non-currentFinancialInstruments 2024-03-31 01563557 frs-core:ShareCapital 2024-03-31 01563557 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 01563557
Camacho Racing Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Better Life Accountancy Limited
IT Centre
Innovation Way
York
North Yorkshire
YO10 5NP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01563557
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,306 2,404
4,306 2,404
CURRENT ASSETS
Stocks 5 324,185 225,528
Debtors 6 56,240 77,122
Cash at bank and in hand 114,909 414,702
495,334 717,352
Creditors: Amounts Falling Due Within One Year 7 (338,516 ) (575,137 )
NET CURRENT ASSETS (LIABILITIES) 156,818 142,215
TOTAL ASSETS LESS CURRENT LIABILITIES 161,124 144,619
Creditors: Amounts Falling Due After More Than One Year 8 (6,440 ) (12,510 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,077 ) (601 )
NET ASSETS 153,607 131,508
CAPITAL AND RESERVES
Called up share capital 9 20 20
Profit and Loss Account 153,587 131,488
SHAREHOLDERS' FUNDS 153,607 131,508
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M Camacho
Director
01/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Camacho Racing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01563557 . The registered office is Star Cottage, Welham Road, Norton, Malton, YO17 9DU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover includes consideration for the boarding of horses and recharging of associated costs.
Turnover also includes any profit or losses on the sale of horses, nomination fees and breeding rights, and is recognised when the significant risk and rewards of ownership have been transferred.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
2.4. Stocks and Work in Progress
Stocks are held at the lower of cost and estimated selling price less costs to sell and includes horses owned by the company and other residual stocks held at the year end.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 37,454
Additions 3,338
As at 31 March 2025 40,792
Depreciation
As at 1 April 2024 35,050
Provided during the period 1,436
As at 31 March 2025 36,486
Net Book Value
As at 31 March 2025 4,306
As at 1 April 2024 2,404
5. Stocks
2025 2024
£ £
Stock - Horses and nominations 322,899 224,066
Stock - Feeding stuffs 1,286 1,462
324,185 225,528
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 50,199 69,282
Other debtors 6,041 7,840
56,240 77,122
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 37,281 29,698
Bank loans and overdrafts 5,989 5,909
Other creditors 286,494 484,019
Taxation and social security 8,752 55,511
338,516 575,137
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 6,440 12,510
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Page 5
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 20 20
10. Related Party Transactions
Directors loan account balances at 31 March 2025 were as follows:
Director 1 - £9,211 (2024: £16,336)
Director 2 - £238,367 (2024: £215,058)
The following amounts were owed to companies with common directors at 31 March 2025. No interest was charged on these loans:
S.E.Wildblood,Limited: £30,000 (2024: £45,000)
Sagamore Hill Limited: £nil (2024: £204,000)
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