15 May 2023 false No description of principal activity Taxfiler 2024.6 14867651business:PrivateLimitedCompanyLtd2023-05-152024-05-31 148676512023-05-14 148676512023-05-152024-05-31 14867651business:AuditExemptWithAccountantsReport2023-05-152024-05-31 14867651business:FilletedAccounts2023-05-152024-05-31 148676512024-05-31 14867651core:WithinOneYear2024-05-31 14867651core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 14867651core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 14867651core:PreviouslyStatedAmount2024-05-31 14867651business:SmallEntities2023-05-152024-05-31 14867651business:Director22023-05-152024-05-31 14867651countries:EnglandWales2023-05-152024-05-31 14867651business:RegisteredOffice2023-05-152024-05-31 14867651core:PlantMachinery2023-05-152024-05-31 14867651core:FurnitureFittings2023-05-152024-05-31 14867651core:ComputerEquipment2023-05-152024-05-31 14867651core:IntangibleAssetsOtherThanGoodwill2023-05-14 14867651core:IntangibleAssetsOtherThanGoodwill2023-05-152024-05-31 14867651core:IntangibleAssetsOtherThanGoodwill2024-05-31 14867651core:ComputerEquipment2023-05-14 14867651core:ComputerEquipment2024-05-31 iso4217:GBP xbrli:pure
Company Registration No. 14867651 (England and Wales)
PETL HOLDINGS LTD Unaudited accounts for the period from 15 May 2023 to 31 May 2024
PETL HOLDINGS LTD Unaudited accounts Contents
Page
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PETL HOLDINGS LTD Statement of financial position as at 31 May 2024
2024 
Notes
£ 
Fixed assets
Intangible assets
3,463 
Tangible assets
354 
3,817 
Current assets
Inventories
30,578 
Debtors
7,979 
Cash at bank and in hand
17,408 
55,965 
Creditors: amounts falling due within one year
(9,097)
Net current assets
46,868 
Net assets
50,685 
Capital and reserves
Called up share capital
71,415 
Profit and loss account
(20,730)
Shareholders' funds
50,685 
For the period 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 14 February 2025 and were signed on its behalf by
Mr J Rotenberg Director Company Registration No. 14867651
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PETL HOLDINGS LTD Notes to the Accounts for the period from 15 May 2023 to 31 May 2024
1
Statutory information
PETL HOLDINGS LTD is a private company, limited by shares, registered in England and Wales, registration number 14867651. The registered office is 12-16 PORTSDOWN MEWS, FIRST FLOOR, LONDON, NW11 7HD, ENGLAND.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 15 May 2023
- 
Additions
4,329 
At 31 May 2024
4,329 
Amortisation
At 15 May 2023
- 
Charge for the period
866 
At 31 May 2024
866 
Net book value
At 31 May 2024
3,463 
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PETL HOLDINGS LTD Notes to the Accounts for the period from 15 May 2023 to 31 May 2024
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 15 May 2023
- 
Additions
447 
At 31 May 2024
447 
Depreciation
Charge for the period
93 
At 31 May 2024
93 
Net book value
At 31 May 2024
354 
6
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
7,979 
7
Creditors: amounts falling due within one year
2024 
£ 
Bank loans and overdrafts
(636)
VAT
4,698 
Trade creditors
5,034 
Other creditors
1 
9,097 
8
Average number of employees
During the period the average number of employees was 0.
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