West Lothian Dog Daycare Ltd SC588381 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is the hire of enclosed dog walking fields. Digita Accounts Production Advanced 6.30.9574.0 true true SC588381 2022-03-01 2023-02-28 SC588381 2023-02-28 SC588381 core:CurrentFinancialInstruments 2023-02-28 SC588381 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 SC588381 core:FurnitureFittingsToolsEquipment 2023-02-28 SC588381 bus:SmallEntities 2022-03-01 2023-02-28 SC588381 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 SC588381 bus:FullAccounts 2022-03-01 2023-02-28 SC588381 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 SC588381 bus:RegisteredOffice 2022-03-01 2023-02-28 SC588381 bus:Director2 2022-03-01 2023-02-28 SC588381 bus:Director3 2022-03-01 2023-02-28 SC588381 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 SC588381 core:FurnitureFittings 2022-03-01 2023-02-28 SC588381 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-03-01 2023-02-28 SC588381 countries:Scotland 2022-03-01 2023-02-28 SC588381 2022-02-28 SC588381 core:FurnitureFittingsToolsEquipment 2022-02-28 SC588381 2021-03-01 2022-02-28 SC588381 2022-02-28 SC588381 core:CurrentFinancialInstruments 2022-02-28 SC588381 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 iso4217:GBP xbrli:pure

Registration number: SC588381

West Lothian Dog Daycare Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

West Lothian Dog Daycare Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

West Lothian Dog Daycare Ltd

Company Information

Directors

Mr I Stewart

Ms C Scott

Registered office

 

2 Bethany Home Farm
North Greendykes
Broxburn
West Lothian
EH52 6PN

 

West Lothian Dog Daycare Ltd

(Registration number: SC588381)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5

722

1,184

Cash at bank and in hand

 

-

7

 

722

1,191

Creditors: Amounts falling due within one year

6

(1,057)

(4,059)

Total assets less current liabilities

 

(335)

(2,868)

Provisions for liabilities

639

592

Net assets/(liabilities)

 

304

(2,276)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

204

(2,376)

Shareholders' funds/(deficit)

 

304

(2,276)

 

West Lothian Dog Daycare Ltd

(Registration number: SC588381)
Balance Sheet as at 28 February 2023

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the Sections 386 and 387 of the Companies Act 2006 with respect to accounting records and the preparation of the 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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 27 November 2023 and signed on its behalf by:
 

.........................................
Mr I Stewart
Director

 

West Lothian Dog Daycare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
2 Bethany Home Farm
North Greendykes
Broxburn
West Lothian
EH52 6PN

These financial statements were authorised for issue by the Board on 27 November 2023.

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from that standard.

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

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

Going concern

These financial statements have been prepared on a going concern basis as the company is being supported by Eliminate Liminted, a company controlled by the director’s/shareholder’s family.

 

West Lothian Dog Daycare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Revenue recognition

Turnover comprises the fair value of the consideration derived from that of dog walking and day care. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

 

West Lothian Dog Daycare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

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.

At the balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £500 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the profit and loss account in the period it is incurred.

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

Fixture, fittings and euipment

25% straight line

 

West Lothian Dog Daycare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

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.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2022 - 3).

 

West Lothian Dog Daycare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2022

6,966

6,966

At 28 February 2023

6,966

6,966

Depreciation

At 1 March 2022

6,966

6,966

At 28 February 2023

6,966

6,966

Carrying amount

At 28 February 2023

-

-

5

Debtors

2023
£

2022
£

Other debtors

722

1,184

722

1,184

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

-

1,571

Accruals and deferred income

 

980

-

Other creditors

 

77

2,488

 

1,057

4,059

 

West Lothian Dog Daycare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

-

1,571

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Share of £1 each

100

100

100

100

         

9

Related party transactions

The company operates a loan account with the director, I Stewart.
During the year, the company repaid totalling £981 to the director. At the year end, the balance due to the director was £59 (2022 - £1,040). This loan is unsecured, interest free and has no fixed repayment terms.

The company operates a loan account with the director, C Scottt.
During the year, the company repaid totalling £981 to the director. At the year end, the balance due to the director was £19 (2022 - £1,000). This loan is unsecured, interest free and has no fixed repayment terms.