Cheshire Show Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Cheshire Show Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08295072 . The registered office is 45 City Road, Chester, CH1 3AE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentational currency is £ Sterling and all amounts are rounded to the nearest £.

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 show jumping equipment and from the rendering of show jumping 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. 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:

Freehold	not depreciated
Plant & Machinery	20% on cost
Motor Vehicles	25% on net book value
Fixtures & Fittings	33% on cost
Computer Equipment	25% on cost

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Cheshire Show Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

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Cheshire Show Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 4)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 December 2024	74,977	202,671	217,228	37,416
Additions	-	-	-	9,063
Disposals	-	(4,626 )	(108,440 )	-
Transfers	-	(82,500 )	82,500	-

As at 30 November 2025	74,977	115,545	191,288	46,479

Depreciation
As at 1 December 2024	-	55,038	139,568	30,014
Provided during the period	-	23,098	33,962	3,670
Disposals	-	(4,626 )	(84,129 )	-
Transfers	-	(16,500 )	16,500	-

As at 30 November 2025	-	57,010	105,901	33,684

Net Book Value
As at 30 November 2025	74,977	58,535	85,387	12,795

As at 1 December 2024	74,977	147,633	77,660	7,402


	Computer Equipment	Total
	£	£
Cost
As at 1 December 2024	964	533,256
Additions	-	9,063
Disposals	-	(113,066 )
Transfers	-	-

As at 30 November 2025	964	429,253

Depreciation
As at 1 December 2024	964	225,584
Provided during the period	-	60,730
Disposals	-	(88,755 )
Transfers	-	-

As at 30 November 2025	964	197,559

Net Book Value
As at 30 November 2025	-	231,694

As at 1 December 2024	-	307,672

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Cheshire Show Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

5. Stocks

	2025	2024
	£	£
Stock	14,750	15,100

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	18,794	39,732
Other debtors	46,331	54,750

	65,125	94,482

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	32,071	48,596
Trade creditors	564	72
Bank loans and overdrafts	19,077	19,076
Other creditors	61,135	102,095
Taxation and social security	12,568	2,799

	125,415	172,638

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	90,308	139,511
Bank loans	55,798	59,993

	146,106	199,504

9. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured over the assets to which they relate.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	122,378	188,107
Bank loans and overdrafts	63,467	57,227

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Cheshire Show Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	32,071	48,596
Later than one year and not later than five years	90,308	139,511

	122,379	188,107

	122,379	188,107

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	101	101

12. Related Party Transactions

The directors make an interest free loan available to the company throughout the period which is repayable on demand. The amount owed by the company at the year end was £58,464 (2024 - £99,292).

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		231,694		307,672

			231,694		307,672
CURRENT ASSETS
Stocks	5	14,750		15,100
Debtors	6	65,125		94,482
Cash at bank and in hand		6,283		23,993

		86,158		133,575
Creditors: Amounts Falling Due Within One Year	7	(125,415 )		(172,638 )

NET CURRENT ASSETS (LIABILITIES)			(39,257 )		(39,063 )

TOTAL ASSETS LESS CURRENT LIABILITIES			192,437		268,609

Creditors: Amounts Falling Due After More Than One Year	8		(146,106 )		(199,504 )

NET ASSETS			46,331		69,105

CAPITAL AND RESERVES
Called up share capital	11		101		101
Profit and Loss Account			46,230		69,004

SHAREHOLDERS' FUNDS			46,331		69,105