Company Registration No. NI679642 (Northern Ireland)
Furbies Doggy Daycare Limited
Unaudited accounts
for the year ended 31 May 2024
Furbies Doggy Daycare Limited
Statement of financial position
as at 31 May 2024
Tangible assets
54,255
42,075
Cash at bank and in hand
2,844
2,779
Creditors: amounts falling due within one year
(117,201)
(82,173)
Net current liabilities
(82,858)
(30,169)
Net (liabilities)/assets
(28,603)
11,906
Called up share capital
2
3
Profit and loss account
(28,605)
11,903
Shareholders' funds
(28,603)
11,906
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2024 and were signed on its behalf by
Gareth McFetridge
Director
Company Registration No. NI679642
Furbies Doggy Daycare Limited
Notes to the Accounts
for the year ended 31 May 2024
Furbies Doggy Daycare Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI679642. The registered office is 12a Crankill Road, Ballymena, County Antrim, BT43 5NL, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of pet goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of doggy daycare 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.
The directors believe that the company has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2023
22,194
19,881
42,075
At 31 May 2024
43,138
19,881
63,019
Charge for the year
4,788
3,976
8,764
At 31 May 2024
4,788
3,976
8,764
At 31 May 2024
38,350
15,905
54,255
At 31 May 2023
22,194
19,881
42,075
Furbies Doggy Daycare Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
18,550
35,942
Obligations under finance leases and hire purchase contracts
34,664
18,540
Trade creditors
25,556
15,982
Other creditors
11,804
4,000
Loans from directors
1,644
5,863
7
Average number of employees
During the year the average number of employees was 5 (2023: 5).