IRIS Accounts Production v24.3.2.46 10793834 director 1.6.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107938342023-05-31107938342024-05-31107938342023-06-012024-05-31107938342022-05-31107938342022-06-012023-05-31107938342023-05-3110793834ns15:EnglandWales2023-06-012024-05-3110793834ns14:PoundSterling2023-06-012024-05-3110793834ns10:Director12023-06-012024-05-3110793834ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3110793834ns10:SmallEntities2023-06-012024-05-3110793834ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3110793834ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3110793834ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3110793834ns10:FullAccounts2023-06-012024-05-311079383412023-06-012024-05-3110793834ns10:RegisteredOffice2023-06-012024-05-3110793834ns5:CurrentFinancialInstruments2024-05-3110793834ns5:CurrentFinancialInstruments2023-05-3110793834ns5:Non-currentFinancialInstruments2024-05-3110793834ns5:Non-currentFinancialInstruments2023-05-3110793834ns5:ShareCapital2024-05-3110793834ns5:ShareCapital2023-05-3110793834ns5:RetainedEarningsAccumulatedLosses2024-05-3110793834ns5:RetainedEarningsAccumulatedLosses2023-05-3110793834ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3110793834ns5:PatentsTrademarksLicencesConcessionsSimilar2023-06-012024-05-3110793834ns5:LeaseholdImprovements2023-06-012024-05-3110793834ns5:PlantMachinery2023-06-012024-05-3110793834ns5:MotorVehicles2023-06-012024-05-3110793834ns5:ComputerEquipment2023-06-012024-05-3110793834ns5:IntangibleAssetsOtherThanGoodwill2023-05-3110793834ns5:IntangibleAssetsOtherThanGoodwill2024-05-3110793834ns5:IntangibleAssetsOtherThanGoodwill2023-05-3110793834ns5:PlantMachinery2023-05-3110793834ns5:PlantMachinery2024-05-3110793834ns5:PlantMachinery2023-05-3110793834ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3110793834ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3110793834ns5:DeferredTaxation2023-05-3110793834ns5:DeferredTaxation2023-06-012024-05-3110793834ns5:DeferredTaxation2024-05-31107938341ns10:Director12023-05-31107938341ns10:Director12022-05-31107938341ns10:Director12023-06-012024-05-31107938341ns10:Director12022-06-012023-05-31107938341ns10:Director12024-05-31107938341ns10:Director12023-05-31
REGISTERED NUMBER: 10793834 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Lupine Canine Limited

Lupine Canine Limited (Registered number: 10793834)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lupine Canine Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: L Clifton





REGISTERED OFFICE: Middle Lodge
Stane Street
Ockley
Dorking
RH5 5LX





REGISTERED NUMBER: 10793834 (England and Wales)





ACCOUNTANTS: Whitesides Chartered Accountants
Lister House
Lister Hill
Horsforth
Leeds
LS18 5AZ

Lupine Canine Limited (Registered number: 10793834)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 210 244
Tangible assets 5 27,820 22,249
28,030 22,493

CURRENT ASSETS
Stocks 1,439 1,300
Debtors: amounts falling due within one year 6 81,520 96,435
Cash at bank 14,551 3,334
97,510 101,069
CREDITORS
Amounts falling due within one year 7 110,980 105,623
NET CURRENT LIABILITIES (13,470 ) (4,554 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,560

17,939

CREDITORS
Amounts falling due after more than one year 8 (9,048 ) (15,130 )

PROVISIONS FOR LIABILITIES 9 (2,324 ) (1,530 )
NET ASSETS 3,188 1,279

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,088 1,179
3,188 1,279

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

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

The director acknowledges his 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.

Lupine Canine Limited (Registered number: 10793834)

Balance Sheet - continued
31 May 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 5 February 2025 and were signed by:





L Clifton - Director


Lupine Canine Limited (Registered number: 10793834)

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

1. STATUTORY INFORMATION

Lupine Canine 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
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost and 10% on cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


Lupine Canine Limited (Registered number: 10793834)

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

2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 340
AMORTISATION
At 1 June 2023 96
Charge for year 34
At 31 May 2024 130
NET BOOK VALUE
At 31 May 2024 210
At 31 May 2023 244

Lupine Canine Limited (Registered number: 10793834)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 32,715
Additions 11,849
At 31 May 2024 44,564
DEPRECIATION
At 1 June 2023 10,466
Charge for year 6,278
At 31 May 2024 16,744
NET BOOK VALUE
At 31 May 2024 27,820
At 31 May 2023 22,249

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 43,346 29,758
Other debtors - 1,353
Directors' current accounts 25,220 51,404
Tax 12,954 12,954
Prepayments - 966
81,520 96,435

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,082 6,120
Taxation and social security 38,280 33,840
Other creditors 66,618 65,663
110,980 105,623

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,048 15,130

Lupine Canine Limited (Registered number: 10793834)

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

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,324 1,530

Deferred
tax
£   
Balance at 1 June 2023 1,530
Charge to Income Statement during year 794
Accelerated capital allowances
Balance at 31 May 2024 2,324

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
L Clifton
Balance outstanding at start of year 51,404 (114 )
Amounts advanced 25,588 112,660
Amounts repaid (51,772 ) (61,142 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,220 51,404

The director's loan is repayable on demand and the interest rate charged on it was the official rate for beneficial loan arrangements.