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REGISTERED NUMBER: 09862212 (England and Wales)












The Pet and Equine Company Limited

Unaudited Financial Statements

for the Year Ended 30th November 2023






The Pet and Equine Company Limited (Registered number: 09862212)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


The Pet and Equine Company Limited

Company Information
for the Year Ended 30th November 2023







DIRECTORS: Mrs H F Thomas
D A Thomas





SECRETARY: D A Thomas





REGISTERED OFFICE: Unit 2a Water-Ma-Trout
Industrial Estate
Helston
TR13 0LW





REGISTERED NUMBER: 09862212 (England and Wales)





ACCOUNTANTS: Hodgsons
Chartered Accountants
48 Arwenack Street
Falmouth
Cornwall
TR11 3JH

The Pet and Equine Company Limited (Registered number: 09862212)

Statement of Financial Position
30th November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,050 1,196

CURRENT ASSETS
Debtors 5 1,574 53
Cash at bank 24 2,978
1,598 3,031
CREDITORS
Amounts falling due within one year 6 (12,788 ) (11,666 )
NET CURRENT LIABILITIES (11,190 ) (8,635 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,140

)

(7,439

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (10,142 ) (7,441 )
(10,140 ) (7,439 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

The financial statements were approved by the Board of Directors and authorised for issue on 29th August 2024 and were signed on its behalf by:



D A Thomas - Director



Mrs H F Thomas - Director


The Pet and Equine Company Limited (Registered number: 09862212)

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

1. STATUTORY INFORMATION

The Pet and Equine Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on cost
Fixtures and fittings - 20% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern
The company has net liabilities however the directors believe the going concern basis of preparing the financial statements to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

The Pet and Equine Company Limited (Registered number: 09862212)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st December 2022 - 1,305 1,305
Additions 109 - 109
At 30th November 2023 109 1,305 1,414
DEPRECIATION
At 1st December 2022 - 109 109
Charge for year 16 239 255
At 30th November 2023 16 348 364
NET BOOK VALUE
At 30th November 2023 93 957 1,050
At 30th November 2022 - 1,196 1,196

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 146 53
Prepayments 1,428 -
1,574 53

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 6,680 5,983
Directors' current accounts 5,503 5,393
Accrued expenses 605 290
12,788 11,666