2 false false false false false false false false false true false false false false false true No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2021 - FRS102_2021 1,805 1,805 228 228 1,577 19,209 19,209 908 908 18,301 xbrli:pure xbrli:shares iso4217:GBP 13909545 2022-03-01 2023-02-28 13909545 2023-02-28 13909545 core:FurnitureFittings 2022-03-01 2023-02-28 13909545 bus:RegisteredOffice 2022-03-01 2023-02-28 13909545 bus:LeadAgentIfApplicable 2022-03-01 2023-02-28 13909545 bus:Director1 2022-03-01 2023-02-28 13909545 core:FurnitureFittings 2023-02-28 13909545 core:WithinOneYear 2023-02-28 13909545 core:ShareCapital 2023-02-28 13909545 core:RetainedEarningsAccumulatedLosses 2023-02-28 13909545 bus:Director1 2023-02-28 13909545 bus:SmallEntities 2022-03-01 2023-02-28 13909545 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 13909545 bus:FullAccounts 2022-03-01 2023-02-28 13909545 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 13909545 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 13909545 core:IntangibleAssetsOtherThanGoodwill 2022-03-01 2023-02-28 13909545 core:IntangibleAssetsOtherThanGoodwill 2023-02-28
COMPANY REGISTRATION NUMBER: 13909545
Dels Pets Limited
Filleted Unaudited Financial Statements
28 February 2023
Dels Pets Limited
Financial Statements
Period ended 28 February 2023
Contents
Pages
Officers and professional advisers
1
Statement of financial position
2 to 3
Notes to the financial statements
4 to 7
Dels Pets Limited
Officers and Professional Advisers
Director Shane Slack
- Director
Registered office
1 Cavendish Street,
Mansfield,
Nottinghamshire,
NG18 2UR
Accountants
Gregory Priestley & Stewart
Chartered accountants
Alexandra House
123 Priestsic Road
Sutton in Ashfield
Nottinghamshire
NG17 4EA
Dels Pets Limited
Statement of Financial Position
28 February 2023
2023
Note
£
Fixed assets
Intangible assets
5
1,577
Tangible assets
6
18,301
--------
19,878
Current assets
Stocks
13,702
Debtors
7
9,850
Cash at bank and in hand
105
--------
23,657
Creditors: amounts falling due within one year
8
72,664
--------
Net current liabilities
49,007
--------
Total assets less current liabilities
( 29,129)
--------
Net liabilities
( 29,129)
--------
Capital and reserves
Called up share capital
1
Profit and loss account
( 29,130)
--------
Shareholders deficit
( 29,129)
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 28 February 2023 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 financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Dels Pets Limited
Statement of Financial Position (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 7 November 2023 , and are signed on behalf of the board by:
Shane Slack
Director
Company registration number: 13909545
Dels Pets Limited
Notes to the Financial Statements
Period ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Cavendish Street,, Mansfield,, Nottinghamshire,, NG18 2UR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis. This may not be appropriate as the company had a balance sheet deficit of £ 29,129 at the 28th February 2023. The company is therefore dependent on the continued support of its directors. Should this support be withdrawn and the company be unable to continue trading, adjustments would have to be made to reduce the value of the assets and their net realisable value and to provide any further liabilities which might arise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Web site
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties
Debtors and creditors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 .
5. Intangible assets
Web site
£
Cost
Additions
1,805
-------
At 28 February 2023
1,805
-------
Amortisation
Charge for the period
228
-------
At 28 February 2023
228
-------
Carrying amount
At 28 February 2023
1,577
-------
6. Tangible assets
Fixtures and fittings
£
Cost
At 1 March 2022
Additions
19,209
--------
At 28 February 2023
19,209
--------
Depreciation
At 1 March 2022
Charge for the period
908
--------
At 28 February 2023
908
--------
Carrying amount
At 28 February 2023
18,301
--------
7. Debtors
2023
£
Other debtors
9,850
-------
8. Creditors: amounts falling due within one year
2023
£
Trade creditors
12,122
Other creditors
60,542
--------
72,664
--------
9. Director's advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Shane Slack
7,161
( 62,985)
( 55,824)
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