Company Registration No. 07022158 (England and Wales)
Pest Control Supermarket.com Ltd
Unaudited accounts
for the year ended 31 December 2023
Pest Control Supermarket.com Ltd
Unaudited accounts
Contents
Pest Control Supermarket.com Ltd
Company Information
for the year ended 31 December 2023
Directors
Mr Allister John Ashmore
Mrs Claire Ashmore
Company Number
07022158 (England and Wales)
Registered Office
Longbourn
Burwash Road
Heathfield
TN21 8XG
United Kingdom
Accountants
Symmetry Accounting Services Limited
124 Hungerhill Road
Rotherham
South Yorkshire
S61 3NP
Pest Control Supermarket.com Ltd
Statement of financial position
as at 31 December 2023
Intangible assets
3,400
5,100
Tangible assets
629,404
583,545
Investments
1,072,378
1,069,476
Inventories
439,432
710,801
Cash at bank and in hand
3,592,493
2,813,515
Creditors: amounts falling due within one year
(1,062,779)
(837,397)
Net current assets
3,172,383
2,709,284
Total assets less current liabilities
4,877,565
4,367,405
Provisions for liabilities
Deferred tax
(8,674)
(10,544)
Net assets
4,868,891
4,356,861
Called up share capital
2
2
Profit and loss account
4,868,889
4,356,859
Shareholders' funds
4,868,891
4,356,861
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by
Mrs Claire Ashmore
Director
Company Registration No. 07022158
Pest Control Supermarket.com Ltd
Notes to the Accounts
for the year ended 31 December 2023
Pest Control Supermarket.com Ltd is a private company, limited by shares, registered in England and Wales, registration number 07022158. The registered office is Longbourn, Burwash Road, Heathfield, TN21 8XG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Pest Control Supermarket.com Ltd
Notes to the Accounts
for the year ended 31 December 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investments in shares are included at fair value.
4
Intangible fixed assets
Goodwill
At 31 December 2023
17,000
At 31 December 2023
13,600
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
529,468
168,792
-
698,260
Additions
-
18,684
153,160
171,844
Disposals
-
-
(92,673)
(92,673)
At 31 December 2023
529,468
187,476
60,487
777,431
At 1 January 2023
-
114,715
-
114,715
Charge for the year
-
18,190
15,122
33,312
At 31 December 2023
-
132,905
15,122
148,027
At 31 December 2023
529,468
54,571
45,365
629,404
At 31 December 2022
529,468
54,077
-
583,545
Pest Control Supermarket.com Ltd
Notes to the Accounts
for the year ended 31 December 2023
6
Investments
Other investments
Valuation at 1 January 2023
1,069,476
Valuation at 31 December 2023
1,072,378
Pest Control Supermarket.com Ltd has a total investment of £1,072,378 (2022: 1,069,476) for share capital in SCI La Prade, a French resident business.
SCI La Prade is a Societe Civile Immobiliere (SCI) based in France. The business has shareholders, but is set up with the sole purpose of managing property held in France. Under French law the business is not subject to corporation tax, but the shareholders are personally subject to tax on their share of the profits of the business.
Pest Control Supermarket.com Ltd holds 99.9% of the share capital of SCI La Prade.
For the current year, SCI La Prade had profits of £NIL (2022: NIL).
Amounts falling due within one year
Trade debtors
44,413
5,404
Other debtors
158,824
16,961
8
Creditors: amounts falling due within one year
2023
2022
Trade creditors
461,042
489,461
Taxes and social security
276,746
209,279
Other creditors
64,568
21,682
Loans from directors
334
907
9
Deferred taxation
2023
2022
Accelerated capital allowances
8,674
10,544
Provision at start of year
10,544
10,775
Credited to the profit and loss account
(1,870)
(231)
Provision at end of year
8,674
10,544
Pest Control Supermarket.com Ltd
Notes to the Accounts
for the year ended 31 December 2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
11
Transactions with related parties
Transactions with Directors
During the year dividends of £351,200 (£266,000 in the previous year) were paid to key management personnel.
Transactions with Pest Expert Limited
Sales amounting to £130,139 (excluding VAT) (£37,776 in the previous year (excluding VAT)) were invoiced to Pest Expert Limited during the year, for procurement services. Pest Expert Limited is a company owned and controlled by the directors of the reporting company.
Advertising expenses amounting to £200,000 (excluding VAT) (£250,000 in the previous year (excluding VAT)) were invoiced by Pest Expert Limited during the year, for use of the Pest Expert brand name.
Trade debtors included £44,413 (£5,010 at the previous year end) owed from Pest Expert Limited as at the year end.
Trade creditors included £240,000 (£300,000 at the previous year end) owed to Pest Expert Limited as at the year end.
Transactions with SCI La Prade
Other debtors included £158,824 (£16,961 at the previous year end) owed from SCI La Prade as at the year end. SCI La Prade is a Societe Civile Immobiliere (SCI) based in France and owned and controlled by the reporting company.
The company is controlled by the directors, Mrs C Ashmore and Mr A Ashmore, by virtue of their 100% holding of the issued share capital.
13
Average number of employees
During the year the average number of employees was 15 (2022: 11).