2 1 Specialist K9's Limited 12974734 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is Private canine specialist security services Digita Accounts Production Advanced 6.30.9574.0 true false true 12974734 2023-11-01 2024-10-31 12974734 2024-10-31 12974734 bus:OrdinaryShareClass1 2024-10-31 12974734 core:CurrentFinancialInstruments 2024-10-31 12974734 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 12974734 core:FurnitureFittingsToolsEquipment 2024-10-31 12974734 core:OtherPropertyPlantEquipment 2024-10-31 12974734 bus:SmallEntities 2023-11-01 2024-10-31 12974734 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 12974734 bus:FilletedAccounts 2023-11-01 2024-10-31 12974734 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12974734 bus:RegisteredOffice 2023-11-01 2024-10-31 12974734 bus:Director1 2023-11-01 2024-10-31 12974734 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 12974734 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12974734 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 12974734 core:OfficeEquipment 2023-11-01 2024-10-31 12974734 core:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 12974734 core:PlantMachinery 2023-11-01 2024-10-31 12974734 1 2023-11-01 2024-10-31 12974734 countries:England 2023-11-01 2024-10-31 12974734 2023-10-31 12974734 core:FurnitureFittingsToolsEquipment 2023-10-31 12974734 core:OtherPropertyPlantEquipment 2023-10-31 12974734 2022-11-01 2023-10-31 12974734 2023-10-31 12974734 bus:OrdinaryShareClass1 2023-10-31 12974734 core:CurrentFinancialInstruments 2023-10-31 12974734 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 12974734 core:FurnitureFittingsToolsEquipment 2023-10-31 12974734 core:OtherPropertyPlantEquipment 2023-10-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 12974734

Specialist K9's Limited

trading as Specialist K9's

Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Specialist K9's Limited

trading as Specialist K9's

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Specialist K9's Limited

trading as Specialist K9's

(Registration number: 12974734)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,447

1,689

Current assets

 

Debtors

5

4,562

-

Cash at bank and in hand

 

10,064

1,624

 

14,626

1,624

Creditors: Amounts falling due within one year

6

(17,717)

(7,201)

Net current liabilities

 

(3,091)

(5,577)

Total assets less current liabilities

 

(1,644)

(3,888)

Provisions for liabilities

8

98

Net liabilities

 

(1,636)

(3,790)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(1,736)

(3,890)

Shareholders' deficit

 

(1,636)

(3,790)

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 January 2025 and signed on its behalf by:
 

.........................................
Mr Christopher John Conneely
Director

 

Specialist K9's Limited

trading as Specialist K9's

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 1 The Cam Centre
Wilbury Way
Hitchin
Hertfordshire
SG4 0TW
England

These financial statements were authorised for issue by the Board on 31 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At the Balance sheet date, the company had net liabilities.The directors have pledged their ongoing support and as such the financial statements have been prepared on a going concern basis.

 

Specialist K9's Limited

trading as Specialist K9's

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% Reducing balance

Office equipment

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Specialist K9's Limited

trading as Specialist K9's

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2023

-

4,004

4,004

Additions

240

-

240

At 31 October 2024

240

4,004

4,244

Depreciation

At 1 November 2023

-

2,315

2,315

Charge for the year

60

422

482

At 31 October 2024

60

2,737

2,797

Carrying amount

At 31 October 2024

180

1,267

1,447

At 31 October 2023

-

1,689

1,689

 

Specialist K9's Limited

trading as Specialist K9's

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

5

Debtors

Current

2024
£

2023
£

Prepayments

4,464

-

Other debtors

98

-

 

4,562

-

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

450

390

Other creditors

17,267

6,811

17,717

7,201

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Share Capital of £1 each

100

100

100

100

         

8

Related party transactions

Other transactions with directors

At the company year end the company owed the directors a net of £17,267.25 (2023 : £6,811.63). There are no terms relating to repayment of this loan nor any interest being charged.

9

Parent and ultimate parent undertaking

The ultimate controlling party is Mr Christopher John Conneely as director and shareholder.