West Buckland Bloodstock Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09043174 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2026

FOR

WEST BUCKLAND BLOODSTOCK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr T H Dunn

REGISTERED OFFICE:

The Gallops

West Buckland

Wellington

Somerset

TA21 9LE

REGISTERED NUMBER:

09043174 (England and Wales)

ACCOUNTANTS:

Aspen Waite Limited

Chartered Accountants

Rubis House

15 Friarn Street

Bridgwater

Somerset

TA6 3LH

FIXED ASSETS

Intangible assets

4

8,580

11,440

Tangible assets

5

4,126,988

2,717,571

4,135,568

2,729,011

CURRENT ASSETS

Stocks

3,879,500

4,487,000

Debtors

6

1,714,981

435,549

Cash at bank

133,970

173,254

5,728,451

5,095,803

CREDITORS

Amounts falling due within one year

7

(5,004,397

)

(4,151,871

)

NET CURRENT ASSETS

724,054

943,932

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,859,622

3,672,943

CREDITORS

Amounts falling due after more than one year

8

(2,626,940

)

(1,988,165

)

PROVISIONS FOR LIABILITIES

(382,181

)

(500,000

)

NET ASSETS

1,850,501

1,184,778

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

1,850,401

1,184,678

1,850,501

1,184,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 25th September 2026 and were signed by:

Mr T H Dunn - Director

1.	STATUTORY INFORMATION

West Buckland Bloodstock Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs:

5 years straight line

TANGIBLE FIXED ASSETS

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings:

50 years straight line

Plant and machinery

5 years straight line

Vehicles:

20% reducing balance

Office equipment:

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

STOCKS

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow moving or defective items where appropriate.

FINANCIAL INSTRUMENTS

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment. Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities

Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price. Other basic financial liabilities are measured at amortised cost.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

RESEARCH AND DEVELOPMENT

Expenditure on research and development is written off in the year in which it is incurred.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

GOING CONCERN

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2025 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st June 2025

and 31st May 2026

14,300

AMORTISATION

At 1st June 2025

2,860

Charge for year

2,860

At 31st May 2026

5,720

NET BOOK VALUE

At 31st May 2026

8,580

At 31st May 2025

11,440

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

COST

At 1st June 2025

143,961

2,080,605

994,768

2,235

3,221,569

Additions

15,120

423,428

1,259,158

734

1,698,440

At 31st May 2026

159,081

2,504,033

2,253,926

2,969

4,920,009

DEPRECIATION

At 1st June 2025

16,667

302,272

184,513

546

503,998

Charge for year

3,182

204,313

81,025

503

289,023

At 31st May 2026

19,849

506,585

265,538

1,049

793,021

NET BOOK VALUE

At 31st May 2026

139,232

1,997,448

1,988,388

1,920

4,126,988

At 31st May 2025

127,294

1,778,333

810,255

1,689

2,717,571

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/26

31/5/25

£

Trade debtors

1,503,012

254,170

Other debtors

43,234

13,000

Tax

157,485

100,000

VAT

-

57,129

Prepayments and accrued income

11,250

1,714,981

435,549

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/26

31/5/25

£

Bank loans and overdrafts

610,753

470,929

Hire purchase contracts

1,413,038

1,667,363

Trade creditors

1,437,096

705,924

Social security and other taxes

87,685

106,994

VAT

18,945

-

Other creditors

15,788

30,503

Trade finance

1,406,712

1,162,875

Accrued expenses

14,380

7,283

5,004,397

4,151,871

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/5/26

31/5/25

£

Bank loans due 1-2 years

305,223

560,785

Hire purchase contracts

2,182,955

1,289,368

Directors' loan accounts

138,762

138,012

2,626,940

1,988,165

9.	RELATED PARTY DISCLOSURES

During the year the company made sales of £118,079 (2025: £111,811) and purchase of £117,467 (2025: £363,827) from an entity under the control of a member of close family of the director

At 31 May 2026, a balance of £1,000 was owed to this related party.

During the year, the company made sales of £9,770 (2025: £18,063) and purchases of £31,351 (2025: £36,006) from an entity under the control of a member of close family of the director.

At 31 May 2026, a balance of £5,044 was owed to (2025: £7,7347 due from) this related party.

During the year the company made sales of £3,756,091 (2025: £4,160,369) and purchases of £2,980,614 (2025: £1,861,485) from an entity jointly controlled by the director

At 31 May 2026, a balance of £71,092 owed to (2025: £96,328 due from) this related party.

During the year, the company made purchases of £26,278 (2025: £45,000) from an entity under the control of a member of close family of the director.

During the year, the company made sales of £19,030 (2025: £349,441 and purchases of £17,374 (2025: £151,407) from an entity under the control of a member of close family of the director.

At 31 May 2026, a balance of £390 was owed to (2025; £10,452 due from) this related party

During the year, the company made sales of £334,389 (2025; £226,086) and purchases of £12, 012 (2025; £154,650) from an entity jointly controlled by a member of close family of the director.

At 31 May 2026, a balance of £7,747 (2025, £1,740) was due from this related party.

During the year, the company made sales of £4,000 (2025; £501,000) and purchases of £4,000 (2025: £1,667) from the director.

At 31 May 2026, a balance of £138,762 (2025, £138,012) was owed to the director.

During the year, the company made sales of £746,362 (£148,800; 2025) and purchases of £334,025 (£216,000, 2025) to West Buckland Bloodstock France, a company incorporated in France and under the control of the director.

At 31 May 2026, a balance of £23,529 (2025; nil) was due from this related party.

All outstanding amounts at year end are repayable on demand and do not attract interest.

All transactions were conducted on an arm's length basis.