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REGISTERED NUMBER: SC411962 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Central Pet Cremations Ltd

Central Pet Cremations Ltd (Registered number: SC411962)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Central Pet Cremations Ltd (Registered number: SC411962)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 43,360 28,480

CURRENT ASSETS
Stocks 17,000 18,000
Debtors 5 59,485 66,499
Cash at bank 63,392 21,373
139,877 105,872
CREDITORS
Amounts falling due within one year 6 (90,587 ) (68,489 )
NET CURRENT ASSETS 49,290 37,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,650

65,863

CREDITORS
Amounts falling due after more than one
year

7

(62,134

)

(58,929

)

PROVISIONS FOR LIABILITIES (10,694 ) (6,687 )
NET ASSETS 19,822 247

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 19,812 237
19,822 247

Central Pet Cremations Ltd (Registered number: SC411962)

Balance Sheet - continued
31 January 2024


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

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

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 2 July 2024 and were signed on its behalf by:




Mr D Mason - Director



Mrs S Mason - Director


Central Pet Cremations Ltd (Registered number: SC411962)

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

1. STATUTORY INFORMATION

Central Pet Cremations Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC411962. The registered office is Unit 5 Gateway Business Park, Beancross Road, Grangemouth, Stirlingshire, FK3 8WX.

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 represents net invoiced sales of services in respect of pet cremation, excluding value added tax. Sales are recognised at the point at which the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance, 25% on cost and 10% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

Central Pet Cremations Ltd (Registered number: SC411962)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 112,674
Additions 47,716
Disposals (43,300 )
At 31 January 2024 117,090
DEPRECIATION
At 1 February 2023 84,194
Charge for year 14,595
Eliminated on disposal (25,059 )
At 31 January 2024 73,730
NET BOOK VALUE
At 31 January 2024 43,360
At 31 January 2023 28,480

Central Pet Cremations Ltd (Registered number: SC411962)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023 58,982
Additions 47,716
Disposals (43,133 )
At 31 January 2024 63,565
DEPRECIATION
At 1 February 2023 31,554
Charge for year 14,254
Eliminated on disposal (24,891 )
At 31 January 2024 20,917
NET BOOK VALUE
At 31 January 2024 42,648
At 31 January 2023 27,428

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 50,857 34,421
Other debtors 8,628 32,078
59,485 66,499

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 5,930 5,930
Hire purchase contracts 12,236 12,027
Trade creditors 8,942 17,597
Taxation and social security 56,452 32,935
Other creditors 7,027 -
90,587 68,489

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 28,111 33,599
Hire purchase contracts 34,023 25,330
62,134 58,929

Central Pet Cremations Ltd (Registered number: SC411962)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.24 31.1.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,391 9,879

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 46,259 37,357

Hire purchase debts are secured over the assets to which they relate.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.1.24 31.1.23
£    £   
Mr D Mason
Balance outstanding at start of year 23,549 16,587
Amounts advanced 128,825 102,623
Amounts repaid (152,400 ) (95,661 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (26 ) 23,549