Registered number |
SPLENDID PETS LIMITED | ||||
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SPLENDID PETS LIMITED for the year ended 29 February 2024 | ||||
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SPLENDID PETS LIMITED for the year ended 29 February 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us. | ||||
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance |
||||
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF. | ||||
Weber & Associates | ||||
Chartered Accountants | ||||
5 St John's Lane | ||||
London | ||||
EC1M 4BH | ||||
15 November 2024 | ||||
Registered number: | |||||||
Balance Sheet | |||||||
as at |
|||||||
Notes | 2024 | 2023 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Intangible assets | 3 | ||||||
Tangible assets | 4 | ||||||
Current assets | |||||||
Stocks | |||||||
Debtors | 5 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 6 | ( |
( |
||||
Net current liabilities | ( |
( |
|||||
Total assets less current liabilities | ( |
( |
|||||
Provisions for liabilities | ( |
( |
|||||
Net liabilities | ( |
( |
|||||
Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | ( |
( |
|||||
Shareholder's funds | ( |
( |
|||||
M. Hartge | |||||||
Director | |||||||
Approved by the board on |
|||||||
Notes to the Accounts | ||||||||
for the year ended |
||||||||
1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Going concern | ||||||||
During the financial year ended 29 February 2024, the Company has made an operating loss. However, it has experienced a decline in cash flows from the operating activities. The continuing viability of the Company and its ability to continue as a going concern is dependent upon the Company being successful in its continuing efforts in growing its revenue base and/or accessing additional sources of capital, and/or selling assets. COVID-19 has also severely impacted the trading performance of the Company as a consequence, the Company has not attended any exhibitions and shows during the financial year. To address the future additional funding requirements of the Company, since 29 February 2024, the director has undertaken the following initiatives: - entered into discussions with the lenders to secure additional funding; - undertaken a programme to continue to monitor the Company's ongoing working capital requirements and minimum expenditure commitments; and - continued the focus on maintaining an appropriate level of corporate overheads in line with the Company's available cash resources. The management is of the opinion that the Company will have sufficient cash assets to be able to meet its debts as and when they fall due and therefore, that it is appropriate to prepare the financial statements on the going concern basis. |
||||||||
Turnover | ||||||||
Intangible assets - rights | ||||||||
Tangible fixed assets | ||||||||
Plant and machinery | 20% reducing balance | |||||||
Motor vehicles | 20% reducing balance | |||||||
Stocks | ||||||||
Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
Provisions | ||||||||
Foreign currency translation | ||||||||
Leased assets | ||||||||
2 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Intangible fixed assets | £ | ||||||
Rights: | ||||||||
Cost | ||||||||
At 1 March 2023 | ||||||||
At 29 February 2024 | ||||||||
Amortisation | ||||||||
At 1 March 2023 | ||||||||
At 29 February 2024 | ||||||||
Net book value | ||||||||
At 29 February 2024 | ||||||||
At 28 February 2023 | ||||||||
Right costs are depreciated in equal annual instalments over a period of 5 years. | ||||||||
4 | Tangible fixed assets | |||||||
Plant and machinery | Motor vehicles | Total | ||||||
£ | £ | £ | ||||||
Cost | ||||||||
At 1 March 2023 | ||||||||
Additions | - | |||||||
At 29 February 2024 | ||||||||
Depreciation | ||||||||
At 1 March 2023 | ||||||||
Charge for the year | ||||||||
At 29 February 2024 | ||||||||
Net book value | ||||||||
At 29 February 2024 | ||||||||
At 28 February 2023 | ||||||||
5 | Debtors | 2024 | 2023 | |||||
£ | £ | |||||||
Trade debtors | - | |||||||
Other debtors | ||||||||
6 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
£ | £ | |||||||
Bank loans and overdrafts | - | ( |
||||||
Trade creditors | ||||||||
Other taxes and social security costs | ||||||||
Other creditors | ||||||||
7 | Other financial commitments | 2024 | 2023 | |||||
£ | £ | |||||||
Total future minimum payments under non-cancellable operating leases | ||||||||
8 | Related party transactions | |||||||
9 | Ultimate controlling party | |||||||
10 | Other information | |||||||
SPLENDID PETS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
Unit 6 Glebe Farm Business Park | ||||||||
Westerham Road | ||||||||
Keston | ||||||||
Kent | ||||||||
BR2 6AX |