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Registration number: 11387995

Oxford Pet Whisperers Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Oxford Pet Whisperers Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Oxford Pet Whisperers Ltd

Company Information

Directors

Mr Jamie John Lea Worth

Miss Natalie Ferris

Registered office

5 Hawksworth
Didcot
Oxfordshire
OX11 7HR

Accountants

Opus Accounting Limited
Chartered Certified Accountants
Lindenmuth House
37 Greenham Business Park
Greenham
Thatcham
Berkshire
RG19 6HW

 

Oxford Pet Whisperers Ltd

(Registration number: 11387995)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

270,811

275,338

Current assets

 

Stocks

5

3,958

2,641

Debtors

6

6,402

8,353

Cash at bank and in hand

 

33,083

38,365

 

43,443

49,359

Creditors: Amounts falling due within one year

7

(97,809)

(156,006)

Net current liabilities

 

(54,366)

(106,647)

Total assets less current liabilities

 

216,445

168,691

Creditors: Amounts falling due after more than one year

7

(8,609)

(17,410)

Net assets

 

207,836

151,281

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

207,736

151,181

Shareholders' funds

 

207,836

151,281

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 February 2025 and signed on its behalf by:
 

 

Oxford Pet Whisperers Ltd

(Registration number: 11387995)
Balance Sheet as at 31 May 2024 (continued)

.........................................
Mr Jamie John Lea Worth
Director

 

Oxford Pet Whisperers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Hawksworth
Didcot
Oxfordshire
OX11 7HR
England

These financial statements were authorised for issue by the Board on 26 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Oxford Pet Whisperers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

20% RB

Land and Buildings

20% RB

Plant & Machinery

20% RB

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Oxford Pet Whisperers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

 

Oxford Pet Whisperers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2023

279,210

22,063

14,610

315,883

Additions

-

4,930

-

4,930

Disposals

-

(374)

-

(374)

At 31 May 2024

279,210

26,619

14,610

320,439

Depreciation

At 1 June 2023

23,865

12,034

4,646

40,545

Charge for the year

4,319

2,954

1,993

9,266

Eliminated on disposal

-

(183)

-

(183)

At 31 May 2024

28,184

14,805

6,639

49,628

Carrying amount

At 31 May 2024

251,026

11,814

7,971

270,811

At 31 May 2023

255,345

10,029

9,964

275,338

Included within the net book value of land and buildings above is £233,750 (2023 - £233,750) in respect of freehold land and buildings and £17,276 (2023 - £21,595) in respect of long leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

3,958

2,641

6

Debtors

Current

2024
£

2023
£

Prepayments

796

646

Other debtors

5,606

7,707

 

6,402

8,353

 

Oxford Pet Whisperers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

9,589

9,589

Trade creditors

 

304

304

Taxation and social security

 

24,773

18,262

Accruals and deferred income

 

1,530

1,530

Other creditors

 

61,613

126,321

 

97,809

156,006

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

8,609

17,410

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       
 

Oxford Pet Whisperers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

8,609

17,410

Current loans and borrowings

2024
£

2023
£

Bank borrowings

9,589

9,589

10

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

12,570

12,231