Poulter & Booth Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 5148798

Poulter & Booth Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Poulter & Booth Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	23,043	30,894
Tangible assets	6	701	695
		--------	--------
		23,744	31,589

Current assets

Cash at bank and in hand	30,702		20,107

Creditors: amounts falling due within one year	7	26,673		26,252
		--------		--------
Net current assets/(liabilities)			4,029	( 6,145)
			--------	--------
Total assets less current liabilities			27,773	25,444
			--------	--------
Net assets			27,773	25,444
			--------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	27,771	25,442
	--------	--------
Shareholders funds	27,773	25,444
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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 .

Poulter & Booth Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 28 December 2025 , and are signed on behalf of the board by:

L Poulter	D M Booth
Director	Director

Company registration number: 5148798

Poulter & Booth Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 16 Redhill Heights, Glasshoughton, Castleford, West Yorkshire, WF10 4TJ.

2. Statement of compliance

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

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Revenue recognition

Turnover is measured as total bets received less winning payments incurred during the year. Revenue is recognised on the conclusion of each race meeting when the gambling wins and losses are determined.

(c) Current tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.

(d) Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

(e) Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Pitches	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

(f) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(g) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% reducing balance

(h) Impairment of fixed assets

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

(i) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year, including the directors amounted to 2 (2024: 2).

5. Intangible assets

	Pitches
	£
Cost
At 1 April 2024 and 31 March 2025	156,976
	----------
Amortisation
At 1 April 2024	126,082
Charge for the year	7,851
	----------
At 31 March 2025	133,933
	----------
Carrying amount
At 31 March 2025	23,043
	----------
At 31 March 2024	30,894
	----------

6. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 April 2024	23,266	23,266
Additions	240	240
	--------	--------
At 31 March 2025	23,506	23,506
	--------	--------
Depreciation
At 1 April 2024	22,571	22,571
Charge for the year	234	234
	--------	--------
At 31 March 2025	22,805	22,805
	--------	--------
Carrying amount
At 31 March 2025	701	701
	--------	--------
At 31 March 2024	695	695
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals	1,260	1,242
Corporation tax	545	142
Directors current accounts	24,868	24,868
	--------	--------
	26,673	26,252
	--------	--------

8. Related party transactions

During the year the directors made available loans to the company. The loans are interest free and repayable on demand. At the year end date the balance due to the directors totalled £ 24,868 (2024 - £ 24,868 ).