Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312023-06-01falseRetail sale in non-specialised stores32truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14089121 2023-06-01 2024-05-31 14089121 2024-05-31 14089121 2022-06-01 2023-05-31 14089121 2023-05-31 14089121 c:Director2 2023-06-01 2024-05-31 14089121 d:Buildings d:ShortLeaseholdAssets 2023-06-01 2024-05-31 14089121 d:Buildings d:ShortLeaseholdAssets 2024-05-31 14089121 d:Buildings d:ShortLeaseholdAssets 2023-05-31 14089121 d:PlantMachinery 2023-06-01 2024-05-31 14089121 d:PlantMachinery 2024-05-31 14089121 d:PlantMachinery 2023-05-31 14089121 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 14089121 d:ComputerEquipment 2023-06-01 2024-05-31 14089121 d:ComputerEquipment 2024-05-31 14089121 d:ComputerEquipment 2023-05-31 14089121 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 14089121 d:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 14089121 d:OtherPropertyPlantEquipment 2024-05-31 14089121 d:OtherPropertyPlantEquipment 2023-05-31 14089121 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 14089121 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 14089121 d:CurrentFinancialInstruments 2024-05-31 14089121 d:CurrentFinancialInstruments 2023-05-31 14089121 d:Non-currentFinancialInstruments 2024-05-31 14089121 d:Non-currentFinancialInstruments 2023-05-31 14089121 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14089121 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 14089121 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 14089121 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 14089121 d:ShareCapital 2024-05-31 14089121 d:ShareCapital 2023-05-31 14089121 d:RetainedEarningsAccumulatedLosses 2024-05-31 14089121 d:RetainedEarningsAccumulatedLosses 2023-05-31 14089121 c:FRS102 2023-06-01 2024-05-31 14089121 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 14089121 c:FullAccounts 2023-06-01 2024-05-31 14089121 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14089121 d:HirePurchaseContracts d:WithinOneYear 2024-05-31 14089121 d:HirePurchaseContracts d:WithinOneYear 2023-05-31 14089121 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-05-31 14089121 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-05-31 14089121 d:HirePurchaseContracts d:MoreThanFiveYears 2024-05-31 14089121 d:HirePurchaseContracts d:MoreThanFiveYears 2023-05-31 14089121 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-05-31 14089121 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-05-31 14089121 d:LeasedAssetsHeldAsLessee 2024-05-31 14089121 d:LeasedAssetsHeldAsLessee 2023-05-31 14089121 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Registered number: 14089121


BOOST PET FOOD LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
BOOST PET FOOD LIMITED
REGISTERED NUMBER: 14089121

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
239,777
18,610

  
239,777
18,610

Current assets
  

Stocks
  
178,797
-

Debtors: amounts falling due within one year
 5 
181,519
8,292

Cash at bank and in hand
 6 
19,093
634

  
379,409
8,926

Creditors: amounts falling due within one year
 7 
(127,792)
(57,675)

Net current assets/(liabilities)
  
 
 
251,617
 
 
(48,749)

Total assets less current liabilities
  
491,394
(30,139)

Creditors: amounts falling due after more than one year
 8 
(936,121)
-

  

Net liabilities
  
(444,727)
(30,139)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(444,827)
(30,239)

  
(444,727)
(30,139)


Page 1

 
BOOST PET FOOD LIMITED
REGISTERED NUMBER: 14089121
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Patrick Nestel
Director

Date: 23 February 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BOOST PET FOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Boost Pet Food Ltd is a private limited company, registered in the United Kingdom domiciled in England and Wales. The registered office address is 1 Vincent Square, London, United Kingdom, SW1P 2PN. The company number is 14089121.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

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. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
BOOST PET FOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
20%
Plant and machinery
-
20%
Computer equipment
-
33%
Other fixed assets
-
20%

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 profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
BOOST PET FOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

2024
2023
£
£

Wages and salaries
34,899
-

Cost of defined contribution scheme
550
-

35,449
-


The average monthly number of employees, including directors, during the year was 3 (2023 - 2).

Page 5

 
BOOST PET FOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Computer equipment
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
-
19,087
-
-
19,087


Additions
56,150
179,909
499
2,779
239,337



At 31 May 2024

56,150
198,996
499
2,779
258,424



Depreciation


At 1 June 2023
-
477
-
-
477


Charge for the year on owned assets
829
17,210
76
55
18,170



At 31 May 2024

829
17,687
76
55
18,647



Net book value



At 31 May 2024
55,321
181,309
423
2,724
239,777



At 31 May 2023
-
18,610
-
-
18,610

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
81,258
-

81,258
-

Page 6

 
BOOST PET FOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
69,673
-

Other debtors
107,838
8,292

Prepayments and accrued income
4,008
-

181,519
8,292



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
19,093
634

19,093
634



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
73,135
-

Other taxation and social security
3,022
-

Obligations under finance lease and hire purchase contracts
42,321
-

Other creditors
-
55,675

Accruals and deferred income
9,314
2,000

127,792
57,675


Page 7

 
BOOST PET FOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
55,749
-

Other creditors
880,372
-

936,121
-


The following liabilities were secured:

2024
2023
£
£



Other Creditors
880,372
-

880,372
-

Details of security provided:

On 4 November 2024 the Company entered into an agreement with L Wylie and P Nestel. Security for these creditors was provided in the form of a fixed and floating charged over all Company assets.


9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
42,321
-

Between 1-5 years
42,321
-

Over 5 years
13,428
-

98,070
-


10.


Pension commitments

The Company contributes into a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £550 (2023 - £nil). No contributions were payable to the fund at the balance sheet date.

Page 8

 
BOOST PET FOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

11.


Related party transactions

At the balance sheet date, the company owed the directors the following balances.
L Wylie - £400,975 (2023 - £27,975)
P Nestel - £479,397 (2023 - £27,700)
The loans are to be repaid in full on 31 January 2030. Loans were made interest free.


12.


Controlling party

There is no ultimate controlling party.

 
Page 9