1 October 2024 false No description of principal activity Taxfiler 2024.6 SC709234 business:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 SC709234 2024-09-30 SC709234 2024-10-01 2025-09-30 SC709234 business:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 SC709234 business:AbridgedAccounts 2024-10-01 2025-09-30 SC709234 2025-09-30 SC709234 business:Director1 2024-10-01 2025-09-30 SC709234 business:Director2 2024-10-01 2025-09-30 SC709234 business:RegisteredOffice 2024-10-01 2025-09-30 SC709234 2024-09-30 SC709234 core:WithinOneYear 2025-09-30 SC709234 core:WithinOneYear 2024-09-30 SC709234 core:ShareCapital core:PreviouslyStatedAmount 2025-09-30 SC709234 core:ShareCapital core:PreviouslyStatedAmount 2024-09-30 SC709234 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-09-30 SC709234 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-09-30 SC709234 core:PreviouslyStatedAmount 2025-09-30 SC709234 core:PreviouslyStatedAmount 2024-09-30 SC709234 business:SmallEntities 2024-10-01 2025-09-30 SC709234 countries:Scotland 2024-10-01 2025-09-30 SC709234 core:PlantMachinery 2024-10-01 2025-09-30 SC709234 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Company Registration No. SC709234 (Scotland)
FG Equestrian Training Ltd Unaudited accounts for the year ended 30 September 2025
FG Equestrian Training Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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FG Equestrian Training Ltd Company Information for the year ended 30 September 2025
Directors
F Gilbert E Gilbert
Company Number
SC709234 (Scotland)
Registered Office
30 Eilean Donan Road Inverness IV2 6EJ
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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FG Equestrian Training Ltd Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
15,609
10,596
Current assets
Inventories
-
3,500
Debtors
18,653
7,346
Cash at bank and in hand
669
1,522
19,322
12,368
Creditors: amounts falling due within one year
(29,744)
(38,409)
Net current liabilities
(10,422)
(26,041)
Net assets/(liabilities)
5,187
(15,445)
Capital and reserves
Called up share capital
1
1
Profit and loss account
5,186
(15,446)
Shareholders' funds
5,187
(15,445)
For the year ending 30 September 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by
F Gilbert Director Company Registration No. SC709234
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FG Equestrian Training Ltd Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
FG Equestrian Training Ltd is a private company, limited by shares, registered in Scotland, registration number SC709234. The registered office is 30 Eilean Donan Road, Inverness, IV2 6EJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment apart from foals which are recognised at fair value when born. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line except horses which are not depreciated
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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FG Equestrian Training Ltd Notes to the Accounts for the year ended 30 September 2025
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 October 2024
17,432
Additions
14,400
Disposals
(5,900)
At 30 September 2025
25,932
Depreciation
At 1 October 2024
6,836
Charge for the year
4,372
On disposals
(885)
At 30 September 2025
10,323
Net book value
At 30 September 2025
15,609
At 30 September 2024
10,596
5
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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