IRIS Accounts Production v24.2.0.383 07098319 Board of Directors Board of Directors 31.12.22 30.12.23 30.12.23 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070983192022-12-30070983192023-12-30070983192022-12-312023-12-30070983192021-12-30070983192021-12-312022-12-30070983192022-12-3007098319ns15:EnglandWales2022-12-312023-12-3007098319ns14:PoundSterling2022-12-312023-12-3007098319ns10:Director12022-12-312023-12-3007098319ns10:Director22022-12-312023-12-3007098319ns10:PrivateLimitedCompanyLtd2022-12-312023-12-3007098319ns10:SmallEntities2022-12-312023-12-3007098319ns10:AuditExempt-NoAccountantsReport2022-12-312023-12-3007098319ns10:SmallCompaniesRegimeForDirectorsReport2022-12-312023-12-3007098319ns10:SmallCompaniesRegimeForAccounts2022-12-312023-12-3007098319ns10:FullAccounts2022-12-312023-12-300709831912022-12-312023-12-3007098319ns10:RegisteredOffice2022-12-312023-12-3007098319ns5:CurrentFinancialInstruments2023-12-3007098319ns5:CurrentFinancialInstruments2022-12-3007098319ns5:Non-currentFinancialInstruments2023-12-3007098319ns5:Non-currentFinancialInstruments2022-12-3007098319ns5:ShareCapital2023-12-3007098319ns5:ShareCapital2022-12-3007098319ns5:RetainedEarningsAccumulatedLosses2023-12-3007098319ns5:RetainedEarningsAccumulatedLosses2022-12-3007098319ns5:NetGoodwill2022-12-312023-12-3007098319ns5:IntangibleAssetsOtherThanGoodwill2022-12-312023-12-3007098319ns5:FurnitureFittings2022-12-312023-12-3007098319ns5:MotorVehicles2022-12-312023-12-3007098319ns5:NetGoodwill2022-12-3007098319ns5:NetGoodwill2023-12-3007098319ns5:NetGoodwill2022-12-3007098319ns5:FurnitureFittings2022-12-3007098319ns5:MotorVehicles2022-12-3007098319ns5:FurnitureFittings2023-12-3007098319ns5:MotorVehicles2023-12-3007098319ns5:FurnitureFittings2022-12-3007098319ns5:MotorVehicles2022-12-3007098319ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3007098319ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3007098319ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-12-3007098319ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3007098319ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3007098319ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3007098319ns5:DeferredTaxation2022-12-3007098319ns5:DeferredTaxation2023-12-30
REGISTERED NUMBER: 07098319 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 December 2023

for

TOBY'S PET SHOP LTD

TOBY'S PET SHOP LTD (Registered number: 07098319)






Contents of the Financial Statements
for the Year Ended 30 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOBY'S PET SHOP LTD

Company Information
for the Year Ended 30 December 2023







DIRECTORS: Mrs S J Jennings
Mr M P Jennings





REGISTERED OFFICE: Turner & Ellerby
5 Church Street
Framlingham
Suffolk
IP13 9BQ





REGISTERED NUMBER: 07098319 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

TOBY'S PET SHOP LTD (Registered number: 07098319)

Balance Sheet
30 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,389 2,013
Investment property 6 - 125,000
13,389 127,013

CURRENT ASSETS
Stocks 68,000 82,000
Debtors 7 923 -
Cash at bank and in hand 115,164 31,165
184,087 113,165
CREDITORS
Amounts falling due within one year 8 60,325 95,682
NET CURRENT ASSETS 123,762 17,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,151

144,496

CREDITORS
Amounts falling due after more than one
year

9

-

(48,920

)

PROVISIONS FOR LIABILITIES 11 (3,348 ) (3,606 )
NET ASSETS 133,803 91,970

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 133,703 91,870
SHAREHOLDERS' FUNDS 133,803 91,970

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

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

TOBY'S PET SHOP LTD (Registered number: 07098319)

Balance Sheet - continued
30 December 2023


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 10 September 2024 and were signed on its behalf by:




Mr M P Jennings - Director



Mrs S J Jennings - Director


TOBY'S PET SHOP LTD (Registered number: 07098319)

Notes to the Financial Statements
for the Year Ended 30 December 2023

1. STATUTORY INFORMATION

TOBY'S PET SHOP LTD 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

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 2011, 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


TOBY'S PET SHOP LTD (Registered number: 07098319)

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

2. ACCOUNTING POLICIES - continued
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.

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 7 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 December 2022
and 30 December 2023 39,000
AMORTISATION
At 31 December 2022
and 30 December 2023 39,000
NET BOOK VALUE
At 30 December 2023 -
At 30 December 2022 -

TOBY'S PET SHOP LTD (Registered number: 07098319)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 31 December 2022 1,618 16,920 18,538
Additions 300 15,995 16,295
Disposals - (7,304 ) (7,304 )
At 30 December 2023 1,918 25,611 27,529
DEPRECIATION
At 31 December 2022 790 15,735 16,525
Charge for year 226 3,718 3,944
Eliminated on disposal - (6,329 ) (6,329 )
At 30 December 2023 1,016 13,124 14,140
NET BOOK VALUE
At 30 December 2023 902 12,487 13,389
At 30 December 2022 828 1,185 2,013

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 December 2022 125,000
Disposals (125,000 )
At 30 December 2023 -
NET BOOK VALUE
At 30 December 2023 -
At 30 December 2022 125,000

Fair value at 30 December 2023 is represented by:
£   
Valuation in 2017 32,935

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 92,065 92,065

For the year ended 30 December 2022 the directors' reviewed the valuation of the investment property on an open market basis and were of the opinion that a revaluation adjustment was not required.

TOBY'S PET SHOP LTD (Registered number: 07098319)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 923 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) - 7,727
Trade creditors 30,535 34,864
Tax 17,108 9,713
Social security and other taxes - 84
VAT 9,536 8,086
Other creditors - 58
Directors' current accounts 1,181 33,245
Accrued expenses 1,965 1,905
60,325 95,682

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 10) - 48,920

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 18,012

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans - 7,727

Amounts falling due between one and two years:
Bank loans - 1-2 years - 7,727

Amounts falling due between two and five years:
Bank loans - 2-5 years - 23,181

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 18,012

TOBY'S PET SHOP LTD (Registered number: 07098319)

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

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,348 3,606

Deferred
tax
£   
Balance at 31 December 2022 3,606
Movement in year (258 )
Balance at 30 December 2023 3,348