Registered number
13966650
New Forest Cattery and Kennels Ltd
Filleted Accounts
31 March 2024
New Forest Cattery and Kennels Ltd
Registered number: 13966650
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 144,000 162,000
Tangible assets 4 97,918 99,424
241,918 261,424
Current assets
Stocks 1,200 1,500
Debtors 5 141,479 102,514
Cash at bank and in hand 2,096 1,679
144,775 105,693
Creditors: amounts falling due within one year 6 (24,614) (22,401)
Net current assets 120,161 83,292
Total assets less current liabilities 362,079 344,716
Creditors: amounts falling due after more than one year 7 (345,615) (339,616)
Net assets 16,464 5,100
Capital and reserves
Called up share capital 1 1
Profit and loss account 16,463 5,099
Shareholder's funds 16,464 5,100
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
J Bradshaw
Director
Approved by the board on 24 October 2024
New Forest Cattery and Kennels Ltd
Notes to the Accounts
for the year ended 31 March 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 20% straight-line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
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 10 13
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 180,000
At 31 March 2024 180,000
Amortisation
At 1 April 2023 18,000
Provided during the year 18,000
At 31 March 2024 36,000
Net book value
At 31 March 2024 144,000
At 31 March 2023 162,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 105,530
Additions 5,750
At 31 March 2024 111,280
Depreciation
At 1 April 2023 6,106
Charge for the year 7,256
At 31 March 2024 13,362
Net book value
At 31 March 2024 97,918
At 31 March 2023 99,424
5 Debtors 2024 2023
£ £
Other debtors 141,479 102,514
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,881 5,104
Taxation and social security costs 19,733 17,297
24,614 22,401
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 345,615 339,616
8 Other information
New Forest Cattery and Kennels Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 9, Pine Court Business Centre
36 Gervis Road
Bournemouth
Dorset
BH1 3DH
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