Registered number
08883714
Newcastle K9 Day Care Limited
Filleted Accounts
29 February 2024
Newcastle K9 Day Care Limited
Registered number: 08883714
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 173,176 174,878
Current assets
Debtors 4 14,584 12,284
Cash at bank and in hand 36,152 17,582
50,736 29,866
Creditors: amounts falling due within one year 5 (50,747) (45,959)
Net current liabilities (11) (16,093)
Total assets less current liabilities 173,165 158,785
Creditors: amounts falling due after more than one year 6 (82,666) (94,843)
Net assets 90,499 63,942
Capital and reserves
Called up share capital 100 100
Profit and loss account 90,399 63,842
Shareholders' funds 90,499 63,942
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stuart Hopley
Director
Approved by the board on 11 June 2024
Newcastle K9 Day Care Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2023 197,370 26,912 14,500 238,782
Additions - 1,622 - 1,622
At 29 February 2024 197,370 28,534 14,500 240,404
Depreciation
At 1 March 2023 37,865 11,539 14,500 63,904
Charge for the year - 3,324 - 3,324
At 29 February 2024 37,865 14,863 14,500 67,228
Net book value
At 29 February 2024 159,505 13,671 - 173,176
At 28 February 2023 159,505 15,373 - 174,878
4 Debtors 2024 2023
£ £
Other debtors 14,584 12,284
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 14,000 14,000
Taxation and social security costs 18,095 5,588
Other creditors 18,652 26,371
50,747 45,959
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 82,666 94,843
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 60,703 60,703
Secured bank loans 77,961 83,132
The loans are secured by a fixed and floating charge over the property and undertaking of the company
8 Related party transactions
Newcastle K9 Hydrotherapy has a loan with the company, the balance outstanding at 28th February 2023 was £12284 (£9711 - 2022)
9 Controlling party
The company is under the control of the directors
10 Other information
Newcastle K9 Day Care Limited is a private company limited by shares and incorporated in England. Its registered office is:
14 Moor Place
Gosforth
Newcastle Upon Tyne
NE3 4AL
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