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REGISTERED NUMBER: 07856837 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PET COLLECTIVE LIMITED

PET COLLECTIVE LIMITED (REGISTERED NUMBER: 07856837)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PET COLLECTIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: E Martin





SECRETARY: E Martin





REGISTERED OFFICE: Unit 2 Charter House Trading Estate
Sturmer Road
Haverhill
Suffolk
CB9 7UU





REGISTERED NUMBER: 07856837 (England and Wales)





ACCOUNTANTS: SW Accountancy
Chartered Certified Accountants
7 Davidson Close
Great Cornard
Sudbury
Suffolk
CO10 0YU

PET COLLECTIVE LIMITED (REGISTERED NUMBER: 07856837)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,406 11,209

CURRENT ASSETS
Stocks 115,610 108,985
Debtors 5 10,244 10,806
Cash at bank and in hand 232,952 205,366
358,806 325,157
CREDITORS
Amounts falling due within one year 6 61,821 38,519
NET CURRENT ASSETS 296,985 286,638
TOTAL ASSETS LESS CURRENT LIABILITIES 305,391 297,847

PROVISIONS FOR LIABILITIES 1,839 2,840
NET ASSETS 303,552 295,007

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 303,452 294,907
303,552 295,007

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 August 2024 and were signed by:





E Martin - Director


PET COLLECTIVE LIMITED (REGISTERED NUMBER: 07856837)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Pet Collective 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.

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.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

PET COLLECTIVE LIMITED (REGISTERED NUMBER: 07856837)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 38,043
DEPRECIATION
At 1 December 2022 26,834
Charge for year 2,803
At 30 November 2023 29,637
NET BOOK VALUE
At 30 November 2023 8,406
At 30 November 2022 11,209

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 10,244 10,806

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 32,501 26,648
Taxation and social security 16,009 9,929
Other creditors 13,311 1,942
61,821 38,519

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
E Martin
Balance outstanding at start of year (397 ) 67,190
Amounts repaid (365 ) (67,587 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (762 ) (397 )

Interest is charged on the loan at the official rate of interest. The loan is unsecured and repayable on demand.