Registered Number:03910898 |
For the year ended 31 January 2023
England and Wales
Unaudited Financial Statements
Paradise Pets Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
8,950
11,511
2
8,950
11,511
45,000
45,000
3
Trade and other receivables |
-
320
4
6,718
Cash and cash equivalents |
138
45,458
51,718
Trade and other payables: amounts falling due within one |
year |
(37,062)
(32,656)
5
14,656
12,802
Net current assets
Total assets less current liabilities |
21,752
26,167
Trade and other payables: amounts falling due after more |
than one year |
(13,333)
(9,333)
6
12,419
Net assets
12,834
2
2
12,417
12,832
12,419
12,834
Shareholders' funds
For the year ended 31 January 2023 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 of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Neil James Eatwell Director |
These financial statements were approved and authorised for issue by the Board on 29 September 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 January 2023
Paradise Pets Ltd
Notes to the Financial Statements
Statutory Information
Paradise Pets Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 03910898. |
Principal place of business: |
Manor Garden Centre
Cheney Manor Industrial Estate
Swindon
Wiltshire
SN2 2QJ
48 The Causeway
Chippenham
Wiltshire
SN15 3DD
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 January 2023
Paradise Pets Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
94,529
6,437
38,134
43,428
6,530
108
108
-
-
-
43,428
38,134
6,545
94,637
6,530
Provision for depreciation and impairment |
83,018
4,402
37,019
38,686
2,911
Charge for year
2,669
536
223
1,186
724
85,687
4,938
37,242
39,872
3,635
2,895
3,556
892
1,607
8,950
3,619
4,742
1,115
2,035
11,511
2022
2023
45,000
45,000
4. Trade and other receivables |
2022
2023
320
-
5. Trade and other payables: amounts falling due within one year |
2022
2023
17,937
4,000
1
-
Taxation and social security |
9,449
11,976
5,269
21,086
32,656
37,062
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For the year ended 31 January 2023
Paradise Pets Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
9,333
13,333
7. Average number of persons employed |
During the year the average number of employees was 6 (2022 : 5)
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