Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-3122023-02-01falseSupport activities for animal production (other than farm animal boarding and care) not elsewhere classified2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13858037 2023-02-01 2024-01-31 13858037 2022-01-19 2023-01-31 13858037 2024-01-31 13858037 2023-01-31 13858037 c:Director2 2023-02-01 2024-01-31 13858037 d:PlantMachinery 2023-02-01 2024-01-31 13858037 d:PlantMachinery 2024-01-31 13858037 d:PlantMachinery 2023-01-31 13858037 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13858037 d:MotorVehicles 2023-02-01 2024-01-31 13858037 d:MotorVehicles 2024-01-31 13858037 d:MotorVehicles 2023-01-31 13858037 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13858037 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13858037 d:CurrentFinancialInstruments 2024-01-31 13858037 d:CurrentFinancialInstruments 2023-01-31 13858037 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13858037 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13858037 d:ShareCapital 2024-01-31 13858037 d:ShareCapital 2023-01-31 13858037 d:RetainedEarningsAccumulatedLosses 2024-01-31 13858037 d:RetainedEarningsAccumulatedLosses 2023-01-31 13858037 c:FRS102 2023-02-01 2024-01-31 13858037 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13858037 c:FullAccounts 2023-02-01 2024-01-31 13858037 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13858037 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 13858037









BEST ANIMAL BEDDING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
BEST ANIMAL BEDDING LIMITED
REGISTERED NUMBER: 13858037

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2024
2023
2023
                                                                       Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
189,924
1,198

  
189,924
1,198

Current assets
  

Stocks
  
24,356
-

Debtors: amounts falling due within one year
 6 
107,329
1,757

Cash at bank and in hand
 7 
2,439
1,909

  
134,124
3,666

Creditors: amounts falling due within one year
 8 
(336,497)
(21,542)

Net current liabilities
  
 
 
(202,373)
 
 
(17,876)

Total assets less current liabilities
  
(12,449)
(16,678)

  

Net liabilities
  
(12,449)
(16,678)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(12,450)
(16,679)

  
(12,449)
(16,678)


Page 1

 
BEST ANIMAL BEDDING LIMITED
REGISTERED NUMBER: 13858037
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider 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 directors acknowledge their 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 comprehensive income 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 on 22 October 2024.




N Payne
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BEST ANIMAL BEDDING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Best Animal Bedding Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.
The principal activity of the company continued to be that of providing quality bedding products for animals.

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

Going concern

As part of its going concern review, the directors have followed the guidelines published by the
Financial Reporting Council entitled ''Guidance on the Going Concern Basis of Accounting and
Reporting on Solvency and Liquidity Risks''. The directors have a reasonable expectation that the
company will have adequate resources to continue in operational existence for the foreseeable
future. Thus the directors continue to adopt the going concern basis of accounting in preparing the
annual financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Sale of goods

Revenue 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 revenue 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.

Page 3

 
BEST ANIMAL BEDDING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

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.

Depreciation is provided on the following bases:

Plant and machinery
-
25%
reducing balance basis
Motor vehicles
-
20%
straight line basis

 
2.6

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 balance sheet 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.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
BEST ANIMAL BEDDING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
BEST ANIMAL BEDDING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 February 2023
1,250
-
1,250


Additions
186,698
17,250
203,948



At 31 January 2024

187,948
17,250
205,198



Depreciation


At 1 February 2023
52
-
52


Charge for the year on owned assets
12,347
2,875
15,222



At 31 January 2024

12,399
2,875
15,274



Net book value



At 31 January 2024
175,549
14,375
189,924



At 31 January 2023
1,198
-
1,198


5.


Stocks

2024
2023
£
£

Stock
24,356
-

24,356
-



6.


Debtors

2024
2023
£
£


Trade debtors
22,998
627

Other debtors
1
1,029

Prepayments and accrued income
84,330
101

107,329
1,757


Page 6

 
BEST ANIMAL BEDDING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,439
1,909

2,439
1,909



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
52,213
13,736

Amounts owed to group undertakings
276,671
-

Other taxation and social security
3,962
-

Other creditors
1,151
5,306

Accruals and deferred income
2,500
2,500

336,497
21,542



9.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,042 (2023 -  £Nil). Contributions totalling £77 (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 7