Company registration number 8620729 (England and Wales)
EDEN HOLISTIC PET FOODS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
EDEN HOLISTIC PET FOODS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
EDEN HOLISTIC PET FOODS LIMITED
BALANCE SHEET
AS AT 31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
258,312
245,995
Current assets
Stocks
1,112,198
1,479,937
Debtors
5
453,604
566,400
Cash at bank and in hand
989,047
979,251
2,554,849
3,025,588
Creditors: amounts falling due within one year
6
(1,283,450)
(1,657,307)
Net current assets
1,271,399
1,368,281
Total assets less current liabilities
1,529,711
1,614,276
Provisions for liabilities
(51,145)
(46,131)
Net assets
1,478,566
1,568,145
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
1,478,564
1,568,143
Total equity
1,478,566
1,568,145

For the financial year ended 31 July 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 February 2025 and are signed on its behalf by:
C D Conquest
P Conquest
Director
Director
Company registration number 8620729 (England and Wales)
EDEN HOLISTIC PET FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 2 -
1
Accounting policies
Company information

Eden Holistic Pet Foods Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 48, Parkhall Business Village, Stoke-on-Trent, Staffordshire, ST3 FXA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% straight line
Plant and equipment
20% reducing balance
Fixtures and fittings
15% reducing balance
Computers
33% straight line
Motor vehicles
25% reducing balance
EDEN HOLISTIC PET FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 3 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Pension costs

The company operates a defined contribution scheme for the benefit of its employee. Contributions payable are recognised in the profit and loss account when due.

1.8
Foreign exchange

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are take into account in arriving at the operating profit.

EDEN HOLISTIC PET FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
30
26
3
Intangible fixed assets
Goodwill
£
Cost
At 1 August 2023 and 31 July 2024
153,000
Amortisation and impairment
At 1 August 2023 and 31 July 2024
153,000
Carrying amount
At 31 July 2024
-
0
At 31 July 2023
-
0
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 August 2023
67,029
134,734
166,612
56,986
64,563
489,924
Additions
-
0
1,271
896
11,511
80,095
93,773
Disposals
-
0
-
0
-
0
-
0
(38,450)
(38,450)
At 31 July 2024
67,029
136,005
167,508
68,497
106,208
545,247
Depreciation and impairment
At 1 August 2023
29,711
75,560
84,568
42,864
11,229
243,932
Depreciation charged in the year
6,657
11,860
12,415
10,303
15,914
57,149
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(14,146)
(14,146)
At 31 July 2024
36,368
87,420
96,983
53,167
12,997
286,935
Carrying amount
At 31 July 2024
30,661
48,585
70,525
15,330
93,211
258,312
At 31 July 2023
37,318
59,174
82,046
14,122
53,335
245,995
EDEN HOLISTIC PET FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
388,954
438,502
Amounts owed by group undertakings
1,713
-
0
Other debtors
62,937
127,898
453,604
566,400
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
576,810
567,162
Amounts owed to group undertakings
-
0
1,000
Taxation and social security
103,469
150,371
Other creditors
603,171
938,774
1,283,450
1,657,307
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