2023-04-012024-03-312024-03-31false10616925SWEETPEA PETS LTD2024-12-27falseiso4217:GBPxbrli:pure106169252023-04-01106169252024-03-31106169252023-04-012024-03-31106169252022-03-01106169252023-03-31106169252022-03-012023-03-3110616925bus:SmallEntities2023-04-012024-03-3110616925bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3110616925bus:FullAccounts2023-04-012024-03-3110616925bus:PrivateLimitedCompanyLtd2023-04-012024-03-3110616925core:WithinOneYear2024-03-3110616925core:AfterOneYear2024-03-3110616925core:WithinOneYear2023-03-3110616925core:AfterOneYear2023-03-3110616925core:ShareCapital2024-03-3110616925core:SharePremium2024-03-3110616925core:RevaluationReserve2024-03-3110616925core:OtherReservesSubtotal2024-03-3110616925core:RetainedEarningsAccumulatedLosses2024-03-3110616925core:ShareCapital2023-03-3110616925core:SharePremium2023-03-3110616925core:RevaluationReserve2023-03-3110616925core:OtherReservesSubtotal2023-03-3110616925core:RetainedEarningsAccumulatedLosses2023-03-3110616925core:LandBuildings2024-03-3110616925core:PlantMachinery2024-03-3110616925core:Vehicles2024-03-3110616925core:FurnitureFittings2024-03-3110616925core:OfficeEquipment2024-03-3110616925core:NetGoodwill2024-03-3110616925core:IntangibleAssetsOtherThanGoodwill2024-03-3110616925core:ListedExchangeTraded2024-03-3110616925core:UnlistedNon-exchangeTraded2024-03-3110616925core:LandBuildings2023-03-3110616925core:PlantMachinery2023-03-3110616925core:Vehicles2023-03-3110616925core:FurnitureFittings2023-03-3110616925core:OfficeEquipment2023-03-3110616925core:NetGoodwill2023-03-3110616925core:IntangibleAssetsOtherThanGoodwill2023-03-3110616925core:ListedExchangeTraded2023-03-3110616925core:UnlistedNon-exchangeTraded2023-03-3110616925core:LandBuildings2023-04-012024-03-3110616925core:PlantMachinery2023-04-012024-03-3110616925core:Vehicles2023-04-012024-03-3110616925core:FurnitureFittings2023-04-012024-03-3110616925core:OfficeEquipment2023-04-012024-03-3110616925core:NetGoodwill2023-04-012024-03-3110616925core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110616925core:ListedExchangeTraded2023-04-012024-03-3110616925core:UnlistedNon-exchangeTraded2023-04-012024-03-3110616925core:MoreThanFiveYears2023-04-012024-03-3110616925core:Non-currentFinancialInstruments2024-03-3110616925core:Non-currentFinancialInstruments2023-03-3110616925dpl:CostSales2023-04-012024-03-3110616925dpl:DistributionCosts2023-04-012024-03-3110616925core:LandBuildings2023-04-012024-03-3110616925core:PlantMachinery2023-04-012024-03-3110616925core:Vehicles2023-04-012024-03-3110616925core:FurnitureFittings2023-04-012024-03-3110616925core:OfficeEquipment2023-04-012024-03-3110616925dpl:AdministrativeExpenses2023-04-012024-03-3110616925core:NetGoodwill2023-04-012024-03-3110616925core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110616925dpl:GroupUndertakings2023-04-012024-03-3110616925dpl:ParticipatingInterests2023-04-012024-03-3110616925dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3110616925core:ListedExchangeTraded2023-04-012024-03-3110616925dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3110616925core:UnlistedNon-exchangeTraded2023-04-012024-03-3110616925dpl:CostSales2022-03-012023-03-3110616925dpl:DistributionCosts2022-03-012023-03-3110616925core:LandBuildings2022-03-012023-03-3110616925core:PlantMachinery2022-03-012023-03-3110616925core:Vehicles2022-03-012023-03-3110616925core:FurnitureFittings2022-03-012023-03-3110616925core:OfficeEquipment2022-03-012023-03-3110616925dpl:AdministrativeExpenses2022-03-012023-03-3110616925core:NetGoodwill2022-03-012023-03-3110616925core:IntangibleAssetsOtherThanGoodwill2022-03-012023-03-3110616925dpl:GroupUndertakings2022-03-012023-03-3110616925dpl:ParticipatingInterests2022-03-012023-03-3110616925dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-03-3110616925core:ListedExchangeTraded2022-03-012023-03-3110616925dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-03-3110616925core:UnlistedNon-exchangeTraded2022-03-012023-03-3110616925core:NetGoodwill2024-03-3110616925core:IntangibleAssetsOtherThanGoodwill2024-03-3110616925core:LandBuildings2024-03-3110616925core:PlantMachinery2024-03-3110616925core:Vehicles2024-03-3110616925core:FurnitureFittings2024-03-3110616925core:OfficeEquipment2024-03-3110616925core:AfterOneYear2024-03-3110616925core:WithinOneYear2024-03-3110616925core:ListedExchangeTraded2024-03-3110616925core:UnlistedNon-exchangeTraded2024-03-3110616925core:ShareCapital2024-03-3110616925core:SharePremium2024-03-3110616925core:RevaluationReserve2024-03-3110616925core:OtherReservesSubtotal2024-03-3110616925core:RetainedEarningsAccumulatedLosses2024-03-3110616925core:NetGoodwill2023-03-3110616925core:IntangibleAssetsOtherThanGoodwill2023-03-3110616925core:LandBuildings2023-03-3110616925core:PlantMachinery2023-03-3110616925core:Vehicles2023-03-3110616925core:FurnitureFittings2023-03-3110616925core:OfficeEquipment2023-03-3110616925core:AfterOneYear2023-03-3110616925core:WithinOneYear2023-03-3110616925core:ListedExc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SWEETPEA PETS LTD

Registered Number
10616925
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

SWEETPEA PETS LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

DITCHBURN, Claire Michelle
GOODING, Lucy Anne

Registered Address

10 Homelands Commercial Centre
Vale Road, Bishops Cleeve
Cheltenham
GL52 8PX

Registered Number

10616925 (England and Wales)
SWEETPEA PETS LTD
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,0975,354
2,0975,354
Current assets
Stocks43,5005,000
Debtors3,7523,069
Cash at bank and on hand4,1704,554
11,42212,623
Creditors amounts falling due within one year5(36,562)(47,217)
Net current assets (liabilities)(25,140)(34,594)
Total assets less current liabilities(23,043)(29,240)
Creditors amounts falling due after one year6(24,818)(28,493)
Provisions for liabilities7(399)(1,017)
Net assets(48,260)(58,750)
Capital and reserves
Called up share capital100100
Profit and loss account(48,360)(58,850)
Shareholders' funds(48,260)(58,750)
The financial statements were approved and authorised for issue by the Board of Directors on 27 December 2024, and are signed on its behalf by:
DITCHBURN, Claire Michelle
Director
Registered Company No. 10616925
SWEETPEA PETS LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery5
Vehicles5
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year14
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Total

£££
Cost or valuation
At 01 April 238,5212,26010,781
Disposals-(2,260)(2,260)
At 31 March 248,521-8,521
Depreciation and impairment
At 01 April 234,7876405,427
Charge for year1,6372641,901
On disposals-(904)(904)
At 31 March 246,424-6,424
Net book value
At 31 March 242,097-2,097
At 31 March 233,7341,6205,354
4.Stocks

2024

2023

££
Raw materials and consumables3,5005,000
Total3,5005,000
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables10,74612,973
Amounts owed to related parties25,31633,903
Accrued liabilities and deferred income500341
Total36,56247,217
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.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts24,81828,493
Total24,81828,493
The company has a Bounce Back Loan with an original term of ten years. The balance outstanding at year end is £24,818 (2023 - £28,493). Values owed between 1-2 years is £8,273 (2023 - £8,273) and between 2-10 years is £16,545 (2023 - £20,220).
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)3991,017
Total3991,017
8.Directors advances, credits and guarantees
The directors are owed £25,300 (2023 - £33,900) by the business. The amount due is payable on demand. No interest has been charged by the directors.
9.Related party transactions
The prior year's investment into SweetPeas Paws LTD, a company in which Claire Ditchburn and Lucy Gooding are joint owners and directors of, slightly reduced. The balance outstanding at year end was £2,366 (2023 - £2,500).