Registration number: 07857040

H M Performance Saddles Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

H M Performance Saddles Ltd

Company Information

Director

Ms Helen Milner

Registered office

34 Ashchurch Road Tewkesbury Gloucestershire GL20 8BT

Accountants

Clement Rabjohns Limited Chartered Accountants111/113 High Street Evesham Worcestershire WR11 4XP

H M Performance Saddles Ltd

(Registration number: 07857040)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	26,112	8,894
Current assets
Stocks	6	14,000	41,500
Debtors	7	4,027	12,903
Cash at bank and in hand		12,349	8,255
		30,376	62,658
Creditors: Amounts falling due within one year	8	(50,487)	(36,208)
Net current (liabilities)/assets		(20,111)	26,450
Total assets less current liabilities		6,001	35,344
Creditors: Amounts falling due after more than one year	8	-	(4,027)
Provisions for liabilities		(2,303)	(1,690)
Net assets		3,698	29,627
Capital and reserves
Called up share capital		200	200
Retained earnings		3,498	29,427
Shareholders' funds		3,698	29,627

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 August 2026
 

......................................... Ms Helen Milner Director

H M Performance Saddles Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
34 Ashchurch Road
Tewkesbury
Gloucestershire
GL20 8BT

These financial statements were authorised for issue by the director on 7 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

H M Performance Saddles Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	33% straight line
Plant and machinery	25% reducing balance
Fixtures and fittings	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

H M Performance Saddles Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

H M Performance Saddles Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 December 2024	1	1
At 30 November 2025	1	1
Amortisation
At 1 December 2024	1	1
At 30 November 2025	1	1
Carrying amount
At 30 November 2025	-	-

5	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 December 2024	5,158	25,076	4,318	34,552
Additions	-	32,650	-	32,650
Disposals	-	(22,732)	-	(22,732)
At 30 November 2025	5,158	34,994	4,318	44,470
Depreciation
At 1 December 2024	3,247	18,093	4,318	25,658
Charge for the year	287	8,162	-	8,449
Eliminated on disposal	-	(15,749)	-	(15,749)
At 30 November 2025	3,534	10,506	4,318	18,358
Carrying amount
At 30 November 2025	1,624	24,488	-	26,112
At 30 November 2024	1,911	6,983	-	8,894

6

Stocks

	2025 £	2024 £
Finished goods and goods for resale	14,000	41,500

H M Performance Saddles Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

7

Debtors

Current	2025 £	2024 £
Trade debtors	3,056	9,357
Prepayments	572	546
Other debtors	399	3,000
	4,027	12,903

H M Performance Saddles Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	3,605	7,213
Trade creditors		15,367	16,054
Taxation and social security		978	2,821
Accruals and deferred income		2,090	2,090
Other creditors		28,447	8,030
		50,487	36,208

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	-	4,027

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	2,422
Hire purchase contracts	-	1,605
	-	4,027

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	1,730	4,693
Hire purchase contracts	1,875	2,520
	3,605	7,213

H M Performance Saddles Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

10	Related party transactions

Transactions with the director

2024	At 1 December 2023 £	Repayments by director £	At 30 November 2024 £
Ms Helen Milner
Interest free loan, repayable on demand	3,164	(3,164)	-