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Registered number: 10813671
Faith Dressage Ltd
Financial Statements
For The Year Ended 31 March 2025
Accounts On Us Ltd
Suite 5, Crowood House
Gipsy Lane
Swindon
Wilts
SN2 8YY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10813671
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 9,600 10,800
Tangible Assets 5 51,010 65,014
60,610 75,814
CURRENT ASSETS
Cash at bank and in hand 5,727 19,356
5,727 19,356
Creditors: Amounts Falling Due Within One Year 6 (27,042 ) (104,490 )
NET CURRENT ASSETS (LIABILITIES) (21,315 ) (85,134 )
TOTAL ASSETS LESS CURRENT LIABILITIES 39,295 (9,320 )
NET ASSETS/(LIABILITIES) 39,295 (9,320 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 39,195 (9,420 )
SHAREHOLDERS' FUNDS 39,295 (9,320)
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms Olivia Faith
Director
9th December 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
Faith Dressage Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10813671 . The registered office is Shades Farm Ashton Road, Minety, Malmesbury, Wilts, SN16 9QP.
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 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. 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
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings Straight Line - 7 Years useful life
Computer Equipment 25% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 12,000
As at 31 March 2025 12,000
Amortisation
As at 1 April 2024 1,200
Provided during the period 1,200
As at 31 March 2025 2,400
Net Book Value
As at 31 March 2025 9,600
As at 1 April 2024 10,800
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 25,000 31,148 31,500 4,500 92,148
As at 31 March 2025 25,000 31,148 31,500 4,500 92,148
Depreciation
As at 1 April 2024 4,688 17,102 4,500 844 27,134
Provided during the period 5,078 3,512 4,500 914 14,004
As at 31 March 2025 9,766 20,614 9,000 1,758 41,138
Net Book Value
As at 31 March 2025 15,234 10,534 22,500 2,742 51,010
As at 1 April 2024 20,312 14,046 27,000 3,656 65,014
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 25,371 103,518
Taxation and social security 1,671 972
27,042 104,490
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7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5