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REGISTERED NUMBER: 05005709 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 January 2024

for

Hopewells Pet And Animal Feeds Limited

Hopewells Pet And Animal Feeds Limited (Registered number: 05005709)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hopewells Pet And Animal Feeds Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: J Hopewell
J Hopewell





SECRETARY:





REGISTERED OFFICE: C/O Parkins Accountants
Moor Park House
Bawtry Road
South Yorkshire
S66 2BL





REGISTERED NUMBER: 05005709 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

Hopewells Pet And Animal Feeds Limited (Registered number: 05005709)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,741 11,689
Tangible assets 5 261,699 73,362
271,440 85,051

CURRENT ASSETS
Stocks 6 150,000 150,000
Debtors 7 152,092 69,762
Cash at bank and in hand 224,581 136,877
526,673 356,639
CREDITORS
Amounts falling due within one year 8 286,827 141,106
NET CURRENT ASSETS 239,846 215,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

511,286

300,584

CREDITORS
Amounts falling due after more than one
year

9

(42,204

)

(41,761

)

PROVISIONS FOR LIABILITIES (53,675 ) (16,160 )
NET ASSETS 415,407 242,663

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 415,404 242,660
415,407 242,663

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.

Hopewells Pet And Animal Feeds Limited (Registered number: 05005709)

Balance Sheet - continued
31 January 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 4 October 2024 and were signed on its behalf by:





J Hopewell - Director


Hopewells Pet And Animal Feeds Limited (Registered number: 05005709)

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

1. STATUTORY INFORMATION

Hopewells Pet And Animal Feeds 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.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

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
Fixtures and fittings - 20% 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 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.

Hopewells Pet And Animal Feeds Limited (Registered number: 05005709)

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

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 February 2023
and 31 January 2024 19,483
AMORTISATION
At 1 February 2023 7,794
Amortisation for year 1,948
At 31 January 2024 9,742
NET BOOK VALUE
At 31 January 2024 9,741
At 31 January 2023 11,689

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023 90,156 66,470 45,803 202,429
Additions 183,997 48,287 - 232,284
At 31 January 2024 274,153 114,757 45,803 434,713
DEPRECIATION
At 1 February 2023 58,602 37,559 32,906 129,067
Charge for year 25,283 15,440 3,224 43,947
At 31 January 2024 83,885 52,999 36,130 173,014
NET BOOK VALUE
At 31 January 2024 190,268 61,758 9,673 261,699
At 31 January 2023 31,554 28,911 12,897 73,362

Hopewells Pet And Animal Feeds Limited (Registered number: 05005709)

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

6. STOCKS
2024 2023
£    £   
Stocks 150,000 150,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 137,572 60,173
Prepayments 14,520 9,589
152,092 69,762

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 4,831
Trade creditors 52,425 47,005
Tax 13,431 4,194
Social security and other taxes 1,084 1,597
Pension creditor 330 -
Directors' current accounts 150,807 70,479
Accrued expenses 58,750 3,000
286,827 141,106

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 14,721 24,027
Hire purchase contracts 27,483 17,734
42,204 41,761