Registered number
11004995
Suffolk Dog Town Ltd
Filleted Accounts
31 October 2023
Suffolk Dog Town Ltd
Registered number: 11004995
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 26,799 29,466
Tangible assets 4 5,104 7,656
31,903 37,122
Current assets
Cash at bank and in hand 2,360 6,734
Creditors: amounts falling due within one year 5 (62,379) (63,306)
Net current liabilities (60,019) (56,572)
Total assets less current liabilities (28,116) (19,450)
Creditors: amounts falling due after more than one year 6 (10,860) (15,205)
Net liabilities (38,976) (34,655)
Capital and reserves
Called up share capital 100 100
Profit and loss account (39,076) (34,755)
Shareholder's funds (38,976) (34,655)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Clare Holmes
Director
Approved by the board on 8 February 2024
Suffolk Dog Town Ltd
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Straight Line
Fixtures, fittings, tools and equipment 25% Straight Line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2022 34,000
At 31 October 2023 34,000
Amortisation
At 1 November 2022 4,534
Provided during the year 2,667
At 31 October 2023 7,201
Net book value
At 31 October 2023 26,799
At 31 October 2022 29,466
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 10,209
At 31 October 2023 10,209
Depreciation
At 1 November 2022 2,553
Charge for the year 2,552
At 31 October 2023 5,105
Net book value
At 31 October 2023 5,104
At 31 October 2022 7,656
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3 3
Trade creditors 300 300
Taxation and social security costs 7,439 4,396
Other creditors 54,637 58,607
62,379 63,306
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 10,860 15,205
7 Controlling party
The Company is ultimately controlled by Clare Holmes who holds 100% of the shareholdings
8 Other information
Suffolk Dog Town Ltd is a private company limited by shares and incorporated in England. Its registered office is:
16 Arwela Road
Felixstowe
Suffolk
IP11 2DG
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