Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false82023-04-01falseNo description of principal activity8falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC592416 2023-04-01 2024-03-31 SC592416 2022-04-01 2023-03-31 SC592416 2024-03-31 SC592416 2023-03-31 SC592416 c:Director1 2023-04-01 2024-03-31 SC592416 c:RegisteredOffice 2023-04-01 2024-03-31 SC592416 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 SC592416 d:Buildings d:LongLeaseholdAssets 2024-03-31 SC592416 d:Buildings d:LongLeaseholdAssets 2023-03-31 SC592416 d:MotorVehicles 2023-04-01 2024-03-31 SC592416 d:MotorVehicles 2024-03-31 SC592416 d:MotorVehicles 2023-03-31 SC592416 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC592416 d:FurnitureFittings 2023-04-01 2024-03-31 SC592416 d:FurnitureFittings 2024-03-31 SC592416 d:FurnitureFittings 2023-03-31 SC592416 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC592416 d:OfficeEquipment 2023-04-01 2024-03-31 SC592416 d:OfficeEquipment 2024-03-31 SC592416 d:OfficeEquipment 2023-03-31 SC592416 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC592416 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC592416 d:Goodwill 2023-04-01 2024-03-31 SC592416 d:Goodwill 2024-03-31 SC592416 d:Goodwill 2023-03-31 SC592416 d:CurrentFinancialInstruments 2024-03-31 SC592416 d:CurrentFinancialInstruments 2023-03-31 SC592416 d:Non-currentFinancialInstruments 2024-03-31 SC592416 d:Non-currentFinancialInstruments 2023-03-31 SC592416 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC592416 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC592416 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC592416 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC592416 d:ShareCapital 2024-03-31 SC592416 d:ShareCapital 2023-03-31 SC592416 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC592416 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC592416 c:OrdinaryShareClass1 2023-04-01 2024-03-31 SC592416 c:OrdinaryShareClass1 2024-03-31 SC592416 c:OrdinaryShareClass1 2023-03-31 SC592416 c:FRS102 2023-04-01 2024-03-31 SC592416 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC592416 c:FullAccounts 2023-04-01 2024-03-31 SC592416 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC592416 d:WithinOneYear 2024-03-31 SC592416 d:WithinOneYear 2023-03-31 SC592416 d:BetweenOneFiveYears 2024-03-31 SC592416 d:BetweenOneFiveYears 2023-03-31 SC592416 d:MoreThanFiveYears 2024-03-31 SC592416 d:MoreThanFiveYears 2023-03-31 SC592416 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 SC592416 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC592416










VODA-BONE PET SUPPLIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
VODA-BONE PET SUPPLIES LIMITED
 

COMPANY INFORMATION


Director
Ms G Bell 




Registered number
SC592416



Registered office
2 Newark Place

Glenrothes

KY7 4NR




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
VODA-BONE PET SUPPLIES LIMITED
REGISTERED NUMBER: SC592416

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

Fixed assets
  

Intangible assets
 4 
2,781
3,581

Tangible assets
 5 
143,902
170,940

  
146,683
174,521

Current assets
  

Stocks
  
259,240
237,733

Debtors
 6 
47,225
17,041

Bank and cash balances
  
3,374
5,410

  
309,839
260,184

Creditors: amounts falling due within one year
 7 
(114,515)
(110,243)

Net current assets
  
 
 
195,324
 
 
149,941

Total assets less current liabilities
  
342,007
324,462

Creditors: amounts falling due after more than one year
 8 
(34,617)
(58,181)

Provisions for liabilities
  

Deferred tax
  
(33,935)
(40,396)

  
 
 
(33,935)
 
 
(40,396)

Net assets
  
273,455
225,885


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
273,355
225,785

  
273,455
225,885


Page 1

 
VODA-BONE PET SUPPLIES LIMITED
REGISTERED NUMBER: SC592416

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Ms G Bell
Director

Date: 9 October 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
VODA-BONE PET SUPPLIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Voda-bone Pet Supplies Limited is a private company, limited by shares, incorporated in Scotland with registration number SC592416. The registered office is 2 Newark Place, Glenrothes, KY7 4NR. 
The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
VODA-BONE PET SUPPLIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
VODA-BONE PET SUPPLIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
5
years

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows,.

Depreciation is provided on the following basis:

Leasehold improvements
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
20% reducing balance
Office equipment
-
33.33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
VODA-BONE PET SUPPLIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 8).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
4,000



At 31 March 2024

4,000



Amortisation


At 1 April 2023
419


Charge for the year on owned assets
800



At 31 March 2024

1,219



Net book value



At 31 March 2024
2,781



At 31 March 2023
3,581



Page 6

 
VODA-BONE PET SUPPLIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Leasehold improvement
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
83,854
70,554
127,672
7,578
289,658


Additions
2,350
-
417
416
3,183



At 31 March 2024

86,204
70,554
128,089
7,994
292,841



Depreciation


At 1 April 2023
9,740
47,690
57,214
4,074
118,718


Charge for the year on owned assets
8,513
5,716
14,147
1,845
30,221



At 31 March 2024

18,253
53,406
71,361
5,919
148,939



Net book value



At 31 March 2024
67,951
17,148
56,728
2,075
143,902



At 31 March 2023
74,114
22,864
70,458
3,504
170,940


6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
10,800
10,800

10,800
10,800

Due within one year

Other debtors
30,717
5,768

Prepayments and accrued income
5,708
473

47,225
17,041


Included within other debtors is a loan of £7,522 (2023 - £21,172 due to) due from the director. The loan was repaid on 6 April 2024.

Page 7

 
VODA-BONE PET SUPPLIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Other loans
6,120
6,120

Trade creditors
42,889
30,957

Other taxation and social security
41,174
27,556

Obligations under finance lease and hire purchase contracts
7,444
7,476

Other creditors
191
21,269

Accruals and deferred income
6,697
6,865

114,515
110,243


Hire purchase liabilities of £7,324 (2023: £7,476) are secured by the relevant assets.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,667
21,666

Other loans
22,950
29,070

Net obligations under finance leases and hire purchase contracts
-
7,445

34,617
58,181


Hire purchase liabilities of £nil (2023: £7,445) are secured by the relevant assets.


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary share capital shares of £1.00 each
100
100


Page 8

 
VODA-BONE PET SUPPLIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
52,400
46,700

Later than 1 year and not later than 5 years
216,000
171,600

Later than 5 years
21,600
108,000

290,000
326,300


Page 9