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REGISTERED NUMBER: 09678462 (Wales)















BRECON PET AND GARDEN CENTRE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023






BRECON PET AND GARDEN CENTRE LIMITED (REGISTERED NUMBER: 09678462)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRECON PET AND GARDEN CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTORS: B P J Popsys
K Popsys





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 09678462 (Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

BRECON PET AND GARDEN CENTRE LIMITED (REGISTERED NUMBER: 09678462)

BALANCE SHEET
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,356 2,771
2,356 2,771

CURRENT ASSETS
Stocks 21,500 27,500
Debtors 6 782 1,654
Cash at bank 939 2,109
23,221 31,263
CREDITORS
Amounts falling due within one year 7 52,546 49,169
NET CURRENT LIABILITIES (29,325 ) (17,906 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,969

)

(15,135

)

CREDITORS
Amounts falling due after more than one
year

8

19,249

22,349
NET LIABILITIES (46,218 ) (37,484 )

BRECON PET AND GARDEN CENTRE LIMITED (REGISTERED NUMBER: 09678462)

BALANCE SHEET - continued
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (46,220 ) (37,486 )
SHAREHOLDERS' FUNDS (46,218 ) (37,484 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th December 2023 and were signed on its behalf by:





K Popsys - Director


BRECON PET AND GARDEN CENTRE LIMITED (REGISTERED NUMBER: 09678462)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

1. STATUTORY INFORMATION

Brecon Pet And Garden Centre Limited is a private company, limited by shares , registered in 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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 - 15% 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 Profit and Loss, 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.


BRECON PET AND GARDEN CENTRE LIMITED (REGISTERED NUMBER: 09678462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2022
and 30th September 2023 17,500
AMORTISATION
At 1st October 2022
and 30th September 2023 17,500
NET BOOK VALUE
At 30th September 2023 -
At 30th September 2022 -

BRECON PET AND GARDEN CENTRE LIMITED (REGISTERED NUMBER: 09678462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st October 2022
and 30th September 2023 4,930
DEPRECIATION
At 1st October 2022 2,159
Charge for year 415
At 30th September 2023 2,574
NET BOOK VALUE
At 30th September 2023 2,356
At 30th September 2022 2,771

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 197
VAT 782 1,457
782 1,654

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,201 2,954
Trade creditors 2,736 2,137
Social security and other taxes 565 946
Other creditors - 347
Directors' current accounts 36,899 37,030
Accrued expenses 9,145 5,755
52,546 49,169

BRECON PET AND GARDEN CENTRE LIMITED (REGISTERED NUMBER: 09678462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 3,201 2,954
Bank loans - 2-5 years 16,048 19,395
19,249 22,349

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the year end:
- B P J Popsys and K Popsys is owed £36,899 (2022 - £37,030)

11. GOING CONCERN

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.