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REGISTERED NUMBER: 05746525 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

PETS QUEST LIMITED

PETS QUEST LIMITED (REGISTERED NUMBER: 05746525)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

PETS QUEST LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: Mrs K Underwood





REGISTERED OFFICE: 367 London Road
Camberley
Surrey
GU15 3HQ





REGISTERED NUMBER: 05746525 (England and Wales)





ACCOUNTANTS: Sowerbutts and Co Ltd
Fiscal House
367 London Road
Camberley
Surrey
GU15 3HQ

PETS QUEST LIMITED (REGISTERED NUMBER: 05746525)

BALANCE SHEET
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,075 10,213
7,075 10,213

CURRENT ASSETS
Stocks 6 35,125 55,138
Debtors 7 412 624
Cash at bank and in hand 129,908 249,919
165,445 305,681
CREDITORS
Amounts falling due within one year 8 30,733 107,023
NET CURRENT ASSETS 134,712 198,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,787

208,871

CAPITAL AND RESERVES
Called up share capital 9 160 160
Retained earnings 141,627 208,711
SHAREHOLDERS' FUNDS 141,787 208,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

PETS QUEST LIMITED (REGISTERED NUMBER: 05746525)

BALANCE SHEET - continued
31 March 2023


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 by the director and authorised for issue on 9 November 2023 and were signed by:





Mrs K Underwood - Director


PETS QUEST LIMITED (REGISTERED NUMBER: 05746525)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

PETS QUEST LIMITED 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.

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 initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


PETS QUEST LIMITED (REGISTERED NUMBER: 05746525)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 70,000
AMORTISATION
At 1 April 2022
and 31 March 2023 70,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

PETS QUEST LIMITED (REGISTERED NUMBER: 05746525)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 6,233 44,780 7,796 58,809
Disposals - - (7,796 ) (7,796 )
At 31 March 2023 6,233 44,780 - 51,013
DEPRECIATION
At 1 April 2022 5,899 35,681 7,016 48,596
Charge for year 84 2,274 - 2,358
Eliminated on disposal - - (7,016 ) (7,016 )
At 31 March 2023 5,983 37,955 - 43,938
NET BOOK VALUE
At 31 March 2023 250 6,825 - 7,075
At 31 March 2022 334 9,099 780 10,213

6. STOCKS
31/3/23 31/3/22
£    £   
Stocks 35,125 55,138

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 20 (35 )
Directors' current accounts 1 -
Prepayments 391 659
412 624

PETS QUEST LIMITED (REGISTERED NUMBER: 05746525)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 1,257 676
Tax - (2,836 )
Social security and other taxes 1 1
Payroll Control Account (1 ) (1 )
Pension Control Account 375 371
VAT 5,394 6,372
Other creditors 14,940 26,940
Directors' current accounts 7,000 73,690
Accrued expenses 1,767 1,810
30,733 107,023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/23 31/3/22
value: £    £   
80 Ordinary £1 80 80
80 A Non voting £1 80 80
160 160

10. ULTIMATE CONTROLLING PARTY

G.J. and Mrs J. MacGregor are the joint ultimate controlling party of Pets Quest Limited by virtue of their shareholding.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PETS QUEST LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PETS QUEST LIMITED for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of PETS QUEST LIMITED in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PETS QUEST LIMITED and state those matters that we have agreed to state to the director of PETS QUEST LIMITED in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PETS QUEST LIMITED and its director for our work or for this report.

It is your duty to ensure that PETS QUEST LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of PETS QUEST LIMITED. You consider that PETS QUEST LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PETS QUEST LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sowerbutts and Co Ltd
Fiscal House
367 London Road
Camberley
Surrey
GU15 3HQ


Date: .............................................