Stuart C Williams Racehorse Training and Management Limited

Registered number

04671751

Filleted Accounts

31 March 2025

Stuart C Williams Racehorse Training and Management Limited
Registered number:		04671751
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		131,991			119,701

Current assets
Stocks		82,000			106,200
Debtors	5	179,592			172,019
Cash at bank and in hand		402,544			203,550
		664,136			481,769

Creditors: amounts falling due within one year	6	(404,055)			(249,798)

Net current assets			260,081			231,971

Total assets less current liabilities			392,072			351,672


Provisions for liabilities			(23,143)			(23,143)


Net assets			368,929			328,529

Capital and reserves
Called up share capital			2			2
Profit and loss account			368,927			328,527

Shareholders' funds			368,929			328,529

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.




S C Williams
Director
Approved by the board on 22 December 2025

Stuart C Williams Racehorse Training and Management Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	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	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	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.

	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.

	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			17		18


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 15 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	125,971		156,545		282,516
	Additions	2,452		73,740		76,192
	Disposals	-		(62,908)		(62,908)
	At 31 March 2025	128,423		167,377		295,800

	Depreciation
	At 1 April 2024	75,642		87,173		162,815
	Charge for the year	13,195		30,802		43,997
	On disposals	-		(43,003)		(43,003)
	At 31 March 2025	88,837		74,972		163,809

	Net book value
	At 31 March 2025	39,586		92,405		131,991
	At 31 March 2024	50,329		69,372		119,701


5	Debtors			2025		2024
£					£

	Trade debtors			179,592		172,019


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

	Bank loans and overdrafts			215		858
	Trade creditors			87,311		83,836
	Taxation and social security costs			118,679		128,159
	Other creditors			197,850		36,945
				404,055		249,798


7	Other information

	Stuart C Williams Racehorse Training and Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Diomed Stables
	Hamilton Road
	Newmarket
	Suffolk
	CB8 0PD