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REGISTERED NUMBER: SC460288 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

UNDERDOG PETS LIMITED

UNDERDOG PETS LIMITED (REGISTERED NUMBER: SC460288)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


UNDERDOG PETS LIMITED (REGISTERED NUMBER: SC460288)

BALANCE SHEET
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 557 1,336

CURRENT ASSETS
Stocks 5 10,792 4,118
Debtors 6 5,884 881
Cash at bank and in hand 92,891 106,850
109,567 111,849
CREDITORS
Amounts falling due within one year 7 93,359 94,394
NET CURRENT ASSETS 16,208 17,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,765

18,791

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 15,765 17,791
SHAREHOLDERS' FUNDS 16,765 18,791

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 Income Statement has not been delivered.

UNDERDOG PETS LIMITED (REGISTERED NUMBER: SC460288)

BALANCE SHEET - continued
30 September 2023



The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by:





Miss M S Laughland - Director


UNDERDOG PETS LIMITED (REGISTERED NUMBER: SC460288)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Underdog Pets Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC460288

Registered office: 12 Ettrick Walk
Cumbernauld
Lanarkshire
G67 1NE

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 and revenue recognition
Turnover represents net invoiced sales of pet grooming services excluding VAT. Revenue is recognised when goods and services are provided to the customer.

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 - 25% on reducing balance
Fixtures and fittings - 25% 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 Income Statement, 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.

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 7 (2022 - 7 ) .

UNDERDOG PETS LIMITED (REGISTERED NUMBER: SC460288)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 7,855 1,164 9,019
DEPRECIATION
At 1 October 2022 6,644 1,039 7,683
Charge for year 748 31 779
At 30 September 2023 7,392 1,070 8,462
NET BOOK VALUE
At 30 September 2023 463 94 557
At 30 September 2022 1,211 125 1,336

5. STOCKS
30.9.23 30.9.22
£    £   
Stocks 10,792 4,118

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 384 48
Prepayments 5,500 833
5,884 881

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other loans 41,800 41,800
Trade creditors 1,776 245
Tax (5 ) 1,721
Social security and other taxes (1,665 ) (1,199 )
VAT 2,425 3,991
Other creditors - 785
Directors' current accounts 28,916 27,598
Accrued expenses 20,112 19,453
93,359 94,394

8. RELATED PARTY DISCLOSURES

The company operates a directors loan with the directors.

During the year the directors advanced £1,317 to the company. The balance due form the company to the directors at 30 September 2023 is £28,916 (£27,598)

UNDERDOG PETS LIMITED (REGISTERED NUMBER: SC460288)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

9. ULTIMATE CONTROLLING PARTY

Control of the company is shared equally between the Directors.