1 April 2024 v2025.82.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP107021882024-04-012025-03-31107021882025-03-31107021882024-03-3110702188core:WithinOneYear2025-03-3110702188core:WithinOneYear2024-03-3110702188core:ShareCapital2025-03-3110702188core:ShareCapital2024-03-3110702188core:RetainedEarningsAccumulatedLosses2025-03-3110702188core:RetainedEarningsAccumulatedLosses2024-03-3110702188bus:Director12024-04-012025-03-3110702188bus:RegisteredOffice2024-04-012025-03-3110702188core:LandBuildings2024-04-012025-03-3110702188core:PlantMachinery2024-04-012025-03-3110702188core:MotorVehicles2024-04-012025-03-3110702188core:FurnitureFittingsToolsEquipment2024-04-012025-03-31107021882023-04-012024-03-3110702188core:LandBuildings2024-04-0110702188core:PlantMachinery2024-04-01107021882024-04-0110702188core:LandBuildings2025-03-3110702188core:PlantMachinery2025-03-3110702188core:LandBuildings2024-03-3110702188core:PlantMachinery2024-03-311070218812024-04-012025-03-3110702188countries:EnglandWales2024-04-012025-03-3110702188bus:AuditExemptWithAccountantsReport2024-04-012025-03-3110702188bus:PrivateLimitedCompanyLtd2024-04-012025-03-3110702188bus:SmallEntities2024-04-012025-03-3110702188bus:FullAccounts2024-04-012025-03-3110702188bus:Director22024-04-012025-03-31
Company registration number:
10702188
Boomerang Stables Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2025
Boomerang Stables Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Boomerang Stables Limited
Year ended
31 March 2025
As described on the statement of financial position, the Board of Directors of
Boomerang Stables Limited
are responsible for the preparation of the
financial statements
for the year ended
31 March 2025
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Gina Bartlett t/a Bartlett Accounting Services
2 Wigmore Road
Tadley
Hampshire
RG26 4HH
United Kingdom
Date:
16 December 2025
Boomerang Stables Limited
Statement of Financial Position
31 March 2025
20252024
Note££
Fixed assets    
Tangible assets 5
87,761
 
96,923
 
Current assets    
Stocks
1,920
 
6,870
 
Debtors 6
722
 
330
 
Cash at bank and in hand
47,589
 
87,282
 
50,231
 
94,482
 
Creditors: amounts falling due within one year 7
(88,951
 )
(80,765
 )
Net current (liabilities)/assets
(38,720
 )
13,717
 
Total assets less current liabilities 49,041   110,640  
Provisions for liabilities
(13,169
 )
(17,510
 )
Net assets
35,872
 
93,130
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
35,772
 
93,030
 
Shareholders funds
35,872
 
93,130
 
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.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
16 December 2025
, and are signed on behalf of the board by:
R Hardy
Director
Company registration number:
10702188
Boomerang Stables Limited
Notes to the Financial Statements
Year ended
31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Boomerang Stables
,
Chilton Foliat
,
Hungerford
,
Berkshire
,
RG17 0TL
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:
Revenue recognition
The key judgements made by management in respect of revenue is the point at which that revenue should be recognised. Management consider the underlying contract terms and conclude upon the most appropriate point of the cycle at which to recognise revenue based upon the these terms and in particular where the risks and rewards of ownership transfer.
Tangible fixed assets
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. Residual value assessment consider issues such as the remaining life of the asset and the projected disposal value.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Straight line over 5 years
Plant and machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures, fittings and equipment
33.3% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2024:
3
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 April 2024
9,273
 
280,427
 
289,700
 
Additions
22,273
 
518
 
22,791
 
At
31 March 2025
31,546
 
280,945
 
312,491
 
Depreciation      
At
1 April 2024
7,419
 
185,358
 
192,777
 
Charge
6,309
 
25,644
 
31,953
 
At
31 March 2025
13,728
 
211,002
 
224,730
 
Carrying amount      
At
31 March 2025
17,818
 
69,943
 
87,761
 
At 31 March 2024
1,854
 
95,069
 
96,923
 

6 Debtors

20252024
££
Trade debtors
678
 
330
 
Other debtors
44
  -  
722
 
330
 

7 Creditors: amounts falling due within one year

20252024
££
Trade creditors
48,050
 
36,045
 
Taxation and social security
814
 
789
 
Other creditors
40,087
 
43,931
 
88,951
 
80,765