Registered number
09879158
Dogdaddies Limited
Filleted Accounts
30 November 2023
Dogdaddies Limited
Registered number: 09879158
Balance Sheet
As at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 66,160 55,275
Current assets
Debtors 4 75,195 63,444
Cash at bank and in hand 200,959 176,202
276,154 239,646
Creditors: amounts falling due within one year 5 (88,968) (84,306)
Net current assets 187,186 155,340
Total assets less current liabilities 253,346 210,615
Creditors: amounts falling due after more than one year 6 (23,027) (48,087)
Net assets 230,319 162,528
Capital and reserves
Called up share capital 4 4
Profit and loss account 230,315 162,524
Shareholders' funds 230,319 162,528
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
T Goodlad
Director
Approved by the board on 18 August 2024
Dogdaddies Limited
Notes to the Accounts
For the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
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 15% reducing balance
Equipment, fixtures and fittings 20% reducing balance
Motor vehicles 25% reducing balance
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 12 9
3 Tangible fixed assets
Plant and machinery Equipment, fixtures and fittings Motor vehicles Total
£ £ £ £
Cost
At 1 December 2022 3,299 45,457 53,243 101,999
Additions - - 37,810 37,810
Disposals - - (20,900) (20,900)
At 30 November 2023 3,299 45,457 70,153 118,909
Depreciation
At 1 December 2022 229 27,906 18,589 46,724
Charge for the year 460 3,504 8,026 11,990
On disposals - - (5,965) (5,965)
At 30 November 2023 689 31,410 20,650 52,749
Net book value
At 30 November 2023 2,610 14,047 49,503 66,160
At 30 November 2022 3,070 17,551 34,654 55,275
4 Debtors 2023 2022
£ £
Trade debtors 70,445 59,694
Other debtors 4,750 3,750
75,195 63,444
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 3,924 7,855
Taxation and social security costs 72,723 64,448
Other creditors 2,321 2,003
88,968 84,306
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 15,833 25,833
Obligations under finance lease and hire purchase contracts 7,194 22,254
23,027 48,087
7 Other information
Dogdaddies Limited is a private company limited by shares and incorporated in England. Its registered office is:
Pastorals Millards Hill
Batcombe
Shepton Mallet
BA4 6AE
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