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REGISTERED NUMBER: 07917117 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Blakes Pet Food and Fishing Bait
Limited

Blakes Pet Food and Fishing Bait
Limited (Registered number: 07917117)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Blakes Pet Food and Fishing Bait
Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P J Cox
Mrs H M Cox





REGISTERED OFFICE: Boston House
Henley-on-Thames
RG9 1DY





REGISTERED NUMBER: 07917117 (England and Wales)





ACCOUNTANTS: Villars Hayward LLP
Chartered Accountants,
Chartered Tax Advisers and Registered Auditors
Boston House
Henley-on-Thames
RG9 1DY

Blakes Pet Food and Fishing Bait
Limited (Registered number: 07917117)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 180,656 59,011
180,656 59,011

CURRENT ASSETS
Stocks 170,000 170,000
Debtors 6 72,909 66,513
Cash at bank and in hand 60,248 113,999
303,157 350,512
CREDITORS
Amounts falling due within one year 7 68,280 115,448
NET CURRENT ASSETS 234,877 235,064
TOTAL ASSETS LESS CURRENT LIABILITIES 415,533 294,075

CREDITORS
Amounts falling due after more than one year 8 (38,067 ) -

PROVISIONS FOR LIABILITIES (39,490 ) (11,212 )
NET ASSETS 337,976 282,863

CAPITAL AND RESERVES
Called up share capital 152 151
Retained earnings 337,824 282,712
SHAREHOLDERS' FUNDS 337,976 282,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Blakes Pet Food and Fishing Bait
Limited (Registered number: 07917117)

Statement of Financial Position - continued
31 May 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:




P J Cox - Director



Mrs H M Cox - Director


Blakes Pet Food and Fishing Bait
Limited (Registered number: 07917117)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Blakes Pet Food and Fishing Bait 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

Blakes Pet Food and Fishing Bait
Limited (Registered number: 07917117)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 300,000
AMORTISATION
At 1 June 2023
and 31 May 2024 300,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 121,611 30,573 2,050 154,234
Additions 79,638 88,983 - 168,621
Disposals (42,445 ) (15,638 ) - (58,083 )
At 31 May 2024 158,804 103,918 2,050 264,772
DEPRECIATION
At 1 June 2023 66,578 28,132 513 95,223
Charge for year 11,134 7,450 384 18,968
Eliminated on disposal (15,612 ) (14,463 ) - (30,075 )
At 31 May 2024 62,100 21,119 897 84,116
NET BOOK VALUE
At 31 May 2024 96,704 82,799 1,153 180,656
At 31 May 2023 55,033 2,441 1,537 59,011

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 2,787 2,825
Other debtors 70,122 63,688
72,909 66,513

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 20,019 8,828
Trade creditors 31,199 35,580
Taxation and social security 10,812 69,040
Other creditors 6,250 2,000
68,280 115,448

Blakes Pet Food and Fishing Bait
Limited (Registered number: 07917117)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 38,067 -

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
P J Cox
Balance outstanding at start of year 43,686 18,901
Amounts advanced 647 24,785
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,333 43,686

10. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors by virtue of their 100% shareholding.