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REGISTERED NUMBER: 09051826 (England and Wales)















Protectapet Ltd

Unaudited Financial Statements for the Year Ended 30 November 2023






Protectapet Ltd (Registered number: 09051826)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Protectapet Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr S Davies
Dr E Davies
Mrs K Tallentire
Mr C Selstrom





REGISTERED OFFICE: St Mary's House Crewe Road
Alsager
Stoke-On-Trent
ST7 2EW





REGISTERED NUMBER: 09051826 (England and Wales)





ACCOUNTANTS: Marshall Accountancy Ltd
St Mary's House
Crewe Road
Alsager
Stoke-On-Trent
ST7 2EW

Protectapet Ltd (Registered number: 09051826)

Abridged Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 59,308 41,974
Tangible assets 5 239,031 260,358
298,339 302,332

CURRENT ASSETS
Stocks 311,233 362,018
Debtors 120,528 158,377
Investments 2,673 107
Cash at bank and in hand 503,209 497,700
937,643 1,018,202
CREDITORS
Amounts falling due within one year (241,546 ) (392,090 )
NET CURRENT ASSETS 696,097 626,112
TOTAL ASSETS LESS CURRENT
LIABILITIES

994,436

928,444

PROVISIONS FOR LIABILITIES (55,001 ) (41,614 )
NET ASSETS 939,435 886,830

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 939,433 886,828
SHAREHOLDERS' FUNDS 939,435 886,830

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Protectapet Ltd (Registered number: 09051826)

Abridged Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Profit and Loss and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 April 2024 and were signed on its behalf by:





Dr E Davies - Director


Protectapet Ltd (Registered number: 09051826)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Protectapet Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Patents
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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - depreciated over remaining term of lease
Website & domain - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - straight line over 3 years

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.


Protectapet Ltd (Registered number: 09051826)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 80,430
Additions 26,451
At 30 November 2023 106,881
AMORTISATION
At 1 December 2022 38,456
Amortisation for year 9,117
At 30 November 2023 47,573
NET BOOK VALUE

At 30 November 2023 59,308
At 30 November 2022 41,974

Protectapet Ltd (Registered number: 09051826)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 367,869
Additions 70,780
Disposals (29,709 )
At 30 November 2023 408,940
DEPRECIATION
At 1 December 2022 107,511
Charge for year 85,866
Eliminated on disposal (23,468 )
At 30 November 2023 169,909
NET BOOK VALUE
At 30 November 2023 239,031
At 30 November 2022 260,358

6. RELATED PARTY DISCLOSURES

2023 2022
£ £

Directors' loan account
Balance brought forward (35,846 ) (68,484 )
(Capital Introduced)/Drawings 121,859 184,638
Dividends (75,000 ) (152,000 )
Balance carried forward 11,013 (35,846 )

Company under common control


Rent to the value of £57,500 was paid during the year, payments of £13 were made on behalf of the related party and loan repayments to the value of £27,000 were received during the year.

2023 2022
£    £   
Amount due from related party at the balance sheet date 52,184 79,171