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REGISTERED NUMBER: 06882674 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

WOOF WEAR LIMITED

WOOF WEAR LIMITED (REGISTERED NUMBER: 06882674)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOOF WEAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: J C Felton
A V Felton





REGISTERED OFFICE: Athenaeum House
Carminnow Road Ind Estate
BODMIN
Cornwall
PL31 1EP





REGISTERED NUMBER: 06882674 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

WOOF WEAR LIMITED (REGISTERED NUMBER: 06882674)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 135,583 165,933
135,583 165,933

CURRENT ASSETS
Stocks 688,215 990,729
Debtors 6 394,179 304,185
Cash at bank and in hand 146,052 56,167
1,228,446 1,351,081
CREDITORS
Amounts falling due within one year 7 301,324 313,173
NET CURRENT ASSETS 927,122 1,037,908
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,062,705

1,203,841

CREDITORS
Amounts falling due after more than one year 8 (119,510 ) (189,468 )

PROVISIONS FOR LIABILITIES (21,782 ) (36,033 )
NET ASSETS 921,413 978,340

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Share premium 26,691 26,691
Capital redemption reserve 30,000 30,000
Retained earnings 804,722 861,649
SHAREHOLDERS' FUNDS 921,413 978,340

WOOF WEAR LIMITED (REGISTERED NUMBER: 06882674)

BALANCE SHEET - continued
30 JUNE 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:




A V Felton - Director



J C Felton - Director


WOOF WEAR LIMITED (REGISTERED NUMBER: 06882674)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Woof Wear 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 for the sale of goods when the entity has transferred the significant risks and rewards of ownership, it is probable that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Other intangible assets

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - Straight line over 1 years and Straight line over 4 years
Furniture and fixtures - Straight line over 4 years
Motor vehicle - Straight line over 4 years
Office equipment - Straight line over 3 years

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

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.

WOOF WEAR LIMITED (REGISTERED NUMBER: 06882674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 10 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 650,000 50,508 700,508
AMORTISATION
At 1 July 2023
and 30 June 2024 650,000 50,508 700,508
NET BOOK VALUE
At 30 June 2024 - - -
At 30 June 2023 - - -

WOOF WEAR LIMITED (REGISTERED NUMBER: 06882674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Furniture
Plant and and Motor Office
machinery fixtures vehicle equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 134,694 10,174 117,554 29,696 292,118
Additions - 2,099 29,750 - 31,849
At 30 June 2024 134,694 12,273 147,304 29,696 323,967
DEPRECIATION
At 1 July 2023 69,673 9,334 17,865 29,313 126,185
Charge for year 23,809 1,364 36,826 200 62,199
At 30 June 2024 93,482 10,698 54,691 29,513 188,384
NET BOOK VALUE
At 30 June 2024 41,212 1,575 92,613 183 135,583
At 30 June 2023 65,021 840 99,689 383 165,933

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicle
£   
COST
At 1 July 2023
and 30 June 2024 92,880
DEPRECIATION
At 1 July 2023
and 30 June 2024 11,189
NET BOOK VALUE
At 30 June 2024 81,691
At 30 June 2023 81,691

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 365,566 277,403
Other debtors and prepayments 28,613 26,782
394,179 304,185

WOOF WEAR LIMITED (REGISTERED NUMBER: 06882674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 52,611 108,901
Hire purchase contracts (see note 9) 19,004 38,379
Trade creditors 97,713 53,877
Corporation tax 43,509 34,779
Taxation and social security 63,229 55,575
Directors' current accounts 165 5,745
Other creditors and accruals 25,093 15,917
301,324 313,173

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 81,132 132,086
Hire purchase contracts (see note 9) 38,378 57,382
119,510 189,468

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 19,004 38,379
Between one and five years 38,378 57,382
57,382 95,761

10. ULTIMATE CONTROLLING PARTY

Mr J C Felton and Mrs A V Felton have a controlling interest in the company by virtue of their 100% ordinary shareholding.