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Registrar

Registration number: 04102358

Barking Dogs Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Barking Dogs Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Barking Dogs Limited

Company Information

Directors

D N Hurst

A J Knight

Registered office

3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

Bankers

Santander UK Plc
Corporate Business Bank
Bridle Road
Bootle
Merseyside
L30 1PH

Accountants

Lambert Chapman LLP
Chartered accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Barking Dogs Limited

(Registration number: 04102358)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

840,025

845,605

Current assets

 

Stocks

13,000

14,000

Debtors

5

815

973

Cash at bank and in hand

 

65,482

132,743

 

79,297

147,716

Creditors: Amounts falling due within one year

6

(85,322)

(198,463)

Net current liabilities

 

(6,025)

(50,747)

Total assets less current liabilities

 

834,000

794,858

Creditors: Amounts falling due after more than one year

6

(225,000)

(225,000)

Provisions for liabilities

(9,643)

(10,958)

Net assets

 

599,357

558,900

Capital and reserves

 

Called up share capital

7

20

20

Revaluation reserve

368,282

368,282

Retained earnings

231,055

190,598

Shareholders' funds

 

599,357

558,900

For the financial year ending 30 November 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 requirements of the Act with respect to accounting records and the preparation of accounts.

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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 July 2024 and signed on its behalf by:
 

D N Hurst
Director

 

Barking Dogs Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB.

The principal place of business is: The Oakhouse, 35 High Street, Maldon, Essex, CM9 5PF.

These financial statements were authorised for issue by the Board on 26 July 2024.

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 Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of alcoholic and non alcoholic beverages and provision of food in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 on material temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 

Barking Dogs Limited

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% straight line

Buildings

Not provided

The directors consider it is not necessary to depreciate buildings as it would be immaterial and the building is frequently revalued. This is a departure from the Companies Act 2006 however the directors consider the Financial Statements to show a true and fair view.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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.

Share capital

Ordinary shares are classified as equity.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 29 (2022 - 29).

 

Barking Dogs Limited

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

4

Tangible assets

Buildings
£

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 December 2022

800,000

118,766

918,766

Additions

-

5,778

5,778

Disposals

-

(26,323)

(26,323)

At 30 November 2023

800,000

98,221

898,221

Depreciation

At 1 December 2022

-

73,161

73,161

Charge for the year

-

5,663

5,663

Eliminated on disposal

-

(20,628)

(20,628)

At 30 November 2023

-

58,196

58,196

Carrying amount

At 30 November 2023

800,000

40,025

840,025

At 30 November 2022

800,000

45,605

845,605

Included within the net book value of buildings above is £800,000 (2022 - £800,000) in respect of freehold buildings.
 

Revaluation

The fair value of the company's freehold buildings was revalued on 30 November 2022 by the directors.
The directors do not consider the value to be materially different at the 30 November 2023.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £431,718 (2022 - £431,718).

 

Barking Dogs Limited

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

5

Debtors

2023
£

2022
£

Trade debtors

-

283

Prepayments

815

690

815

973

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Loans and borrowings

-

70,000

Trade creditors

36,676

43,317

Taxation and social security

44,174

56,048

Accruals and deferred income

3,507

9,098

Other creditors

965

20,000

85,322

198,463

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Loans and borrowings

225,000

225,000

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

20

20

20

20