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REGISTERED NUMBER: 06813030 (England and Wales)















P&L SUPERIOR PET BEDS LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024






P&L SUPERIOR PET BEDS LIMITED (REGISTERED NUMBER: 06813030)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P&L SUPERIOR PET BEDS LIMITED

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTORS: T Miller
J Miller





SECRETARY:





REGISTERED OFFICE: Units 14 Conqueror Ind Estate
Moorhurst Road
St Leonards On Sea
East Sussex
TN38 9NB





REGISTERED NUMBER: 06813030 (England and Wales)





ACCOUNTANTS: In The Cloud Accounting
Springhaven
1a Barnfield Close
Hastings
East Sussex
TN34 1TS

P&L SUPERIOR PET BEDS LIMITED (REGISTERED NUMBER: 06813030)

BALANCE SHEET
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 974 2,397
974 2,397

CURRENT ASSETS
Stocks 6 13,979 27,951
Debtors 7 16,421 25,740
Cash at bank and in hand 32,818 49,905
63,218 103,596
CREDITORS
Amounts falling due within one year 8 (27,363 ) (41,266 )
NET CURRENT ASSETS 35,855 62,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,829

64,727

CREDITORS
Amounts falling due after more than
one year

9

(7,572

)

(17,626

)
NET ASSETS 29,257 47,101

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 29,157 47,001
SHAREHOLDERS' FUNDS 29,257 47,101

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

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

P&L SUPERIOR PET BEDS LIMITED (REGISTERED NUMBER: 06813030)

BALANCE SHEET - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:




T Miller - Director



J Miller - Director


P&L SUPERIOR PET BEDS LIMITED (REGISTERED NUMBER: 06813030)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024

1. STATUTORY INFORMATION

P&L Superior Pet Beds 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.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 50,000
AMORTISATION
At 1 September 2023
and 31 August 2024 50,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

P&L SUPERIOR PET BEDS LIMITED (REGISTERED NUMBER: 06813030)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 September 2023 59,551 2,674 62,225
Disposals (35,979 ) (1,445 ) (37,424 )
At 31 August 2024 23,572 1,229 24,801
DEPRECIATION
At 1 September 2023 57,154 2,674 59,828
Charge for year 362 - 362
Eliminated on disposal (34,918 ) (1,445 ) (36,363 )
At 31 August 2024 22,598 1,229 23,827
NET BOOK VALUE
At 31 August 2024 974 - 974
At 31 August 2023 2,397 - 2,397

6. STOCKS
31.8.24 31.8.23
£    £   
Stocks 13,979 27,951

Stock is stated at the lower of cost or net realisable value. The company periodically reviews the value of items in stock and provides write-downs based on its assessment of market conditions.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 8,954 22,143
Other debtors 100 100
Directors' current accounts 740 -
Tax 3,873 -
Prepayments 2,754 3,497
16,421 25,740

P&L SUPERIOR PET BEDS LIMITED (REGISTERED NUMBER: 06813030)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 9,975 17,434
Tax - 5,197
Social security and other taxes 711 1,214
VAT 2,028 2,751
Other creditors 441 -
Directors' current accounts - 462
Accrued expenses 3,560 3,560
27,363 41,266

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 7,572 17,626

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 September 2023 47,001
Deficit for the year (17,844 )
At 31 August 2024 29,157

12. RELATED PARTY DISCLOSURES

A director, T Miller, has provided a personal guarantee to the company's bankers for the overdraft facility.

The controlling party is AJS Martin.