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REGISTERED NUMBER: 06707117 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

PETS IN THE CITY LIMITED

PETS IN THE CITY LIMITED (Registered number: 06707117)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PETS IN THE CITY LIMITED

Company Information
for the Year Ended 31 MARCH 2024







DIRECTOR: Ms S Marris





REGISTERED OFFICE: Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW





REGISTERED NUMBER: 06707117 (England and Wales)





ACCOUNTANTS: The Greene Partnership LLP
Chartered Accountants
Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW

PETS IN THE CITY LIMITED (Registered number: 06707117)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,813 60,727

CURRENT ASSETS
Stocks 18,825 18,565
Debtors 5 35,543 29,135
Cash at bank 207,663 195,967
262,031 243,667
CREDITORS
Amounts falling due within one year 6 93,260 89,726
NET CURRENT ASSETS 168,771 153,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,584

214,668

CREDITORS
Amounts falling due after more than one year 7 - (4,824 )

PROVISIONS FOR LIABILITIES 9 (12,453 ) (15,182 )
NET ASSETS 206,131 194,662

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 206,031 194,562
SHAREHOLDERS' FUNDS 206,131 194,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

PETS IN THE CITY LIMITED (Registered number: 06707117)

Balance Sheet - continued
31 MARCH 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 director and authorised for issue on 26 November 2024 and were signed by:





Ms S Marris - Director


PETS IN THE CITY LIMITED (Registered number: 06707117)

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

1. STATUTORY INFORMATION

PETS IN THE CITY 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

PETS IN THE CITY LIMITED (Registered number: 06707117)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 7,550 92,690 35,485 2,286 138,011
Additions - 5,692 - - 5,692
At 31 March 2024 7,550 98,382 35,485 2,286 143,703
DEPRECIATION
At 1 April 2023 7,550 55,625 12,532 1,577 77,284
Charge for year - 10,689 5,739 178 16,606
At 31 March 2024 7,550 66,314 18,271 1,755 93,890
NET BOOK VALUE
At 31 March 2024 - 32,068 17,214 531 49,813
At 31 March 2023 - 37,065 22,953 709 60,727

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 35,485
DEPRECIATION
At 1 April 2023 12,532
Charge for year 5,739
At 31 March 2024 18,271
NET BOOK VALUE
At 31 March 2024 17,214
At 31 March 2023 22,953

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 30,516 24,430
Other debtors 3,750 4,079
Prepayments 1,277 626
35,543 29,135

PETS IN THE CITY LIMITED (Registered number: 06707117)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 4,824 7,574
Trade creditors 8,013 13,994
Tax 15,316 4,676
Social security and other taxes 3,845 -
VAT 26,789 23,051
Directors' current accounts 30,030 36,902
Accrued expenses 4,443 3,529
93,260 89,726

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 4,824

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 4,824 12,398

The hire purchase contract is secured on the asset concerned

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 12,453 15,182

Deferred
tax
£   
Balance at 1 April 2023 15,182
Credit to Income Statement during year (2,729 )
Balance at 31 March 2024 12,453

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

PETS IN THE CITY LIMITED (Registered number: 06707117)

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

11. RELATED PARTY DISCLOSURES

Ms S Marris

During the year the company paid rent to Ms S Marris totalling £24,078 (2023: £18,000) for use of premises.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Ms S Marris.