Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 07649930 Mr Jonathan Harrison Mrs Beverley Kellett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07649930 2023-05-31 07649930 2024-05-31 07649930 2023-06-01 2024-05-31 07649930 frs-core:CurrentFinancialInstruments 2024-05-31 07649930 frs-core:BetweenOneFiveYears 2024-05-31 07649930 frs-core:FurnitureFittings 2024-05-31 07649930 frs-core:FurnitureFittings 2023-06-01 2024-05-31 07649930 frs-core:FurnitureFittings 2023-05-31 07649930 frs-core:MotorVehicles 2023-06-01 2024-05-31 07649930 frs-core:ShareCapital 2024-05-31 07649930 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 07649930 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07649930 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 07649930 frs-bus:SmallEntities 2023-06-01 2024-05-31 07649930 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07649930 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07649930 frs-bus:Director1 2023-06-01 2024-05-31 07649930 frs-bus:Director2 2023-06-01 2024-05-31 07649930 frs-core:CurrentFinancialInstruments 1 2024-05-31 07649930 frs-countries:EnglandWales 2023-06-01 2024-05-31 07649930 2022-05-31 07649930 2023-05-31 07649930 2022-06-01 2023-05-31 07649930 frs-core:CurrentFinancialInstruments 2023-05-31 07649930 frs-core:BetweenOneFiveYears 2023-05-31 07649930 frs-core:ShareCapital 2023-05-31 07649930 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 07649930 frs-core:CurrentFinancialInstruments 1 2023-05-31
Registered number: 07649930
Pet Bay Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
DEB Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07649930
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 161 215
161 215
CURRENT ASSETS
Stocks 5 15,578 16,353
Debtors 6 1,090 1,210
Cash at bank and in hand 505 3,309
17,173 20,872
Creditors: Amounts Falling Due Within One Year 7 (72,175 ) (48,370 )
NET CURRENT ASSETS (LIABILITIES) (55,002 ) (27,498 )
TOTAL ASSETS LESS CURRENT LIABILITIES (54,841 ) (27,283 )
NET LIABILITIES (54,841 ) (27,283 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (54,843 ) (27,285 )
SHAREHOLDERS' FUNDS (54,841) (27,283)
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jonathan Harrison
Director
05/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pet Bay Ltd Registered number 07649930 is a limited by shares company incorporated in England & Wales. The Registered Office is 19 Middlewoods Way, Wharncliffe Business Park, Carlton, Barnsley, S71 3HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 June 2023 5,027
As at 31 May 2024 5,027
...CONTINUED
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Page 4
Depreciation
As at 1 June 2023 4,812
Provided during the period 54
As at 31 May 2024 4,866
Net Book Value
As at 31 May 2024 161
As at 1 June 2023 215
5. Stocks
2024 2023
£ £
Stock 15,578 16,353
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 125
Prepayments and accrued income 90 85
Bonds 1,000 1,000
1,090 1,210
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
VAT 193 1,388
Directors' loan accounts 71,982 46,982
72,175 48,370
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Later than one year and not later than five years 34,680 47,203
34,680 47,203
10. Related Party Transactions
The company is controlled by Mr J P Harrison and Ms B Kellett, directors and shareholders of the company.
The balance on the directors' loan account of Mr J P Harrison at 31st May 2024 was £71,982 (2023 - £46,982) due from the company.
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