STINKY STUFF LTD

Company Registration Number:
09680545 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

STINKY STUFF LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

STINKY STUFF LTD

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal activities of the company

The principal activity of the company is that of retail of care products for animals



Directors

The directors shown below have held office during the whole of the period from
1 August 2023 to 31 July 2024

Olivia Kerr
Georgina Kerr


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
25 March 2025

And signed on behalf of the board by:
Name: Georgina Kerr
Status: Director

STINKY STUFF LTD

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 2,081,630 2,081,630
Tangible assets: 4 699,078 731,497
Total fixed assets: 2,780,708 2,813,127
Current assets
Stocks: 5 16,878 17,070
Debtors: 6 920,711 1,171,341
Cash at bank and in hand: 107,753 89,303
Total current assets: 1,045,342 1,277,714
Creditors: amounts falling due within one year: 7 ( 549,963 ) ( 523,247 )
Net current assets (liabilities): 495,379 754,467
Total assets less current liabilities: 3,276,087 3,567,594
Creditors: amounts falling due after more than one year: 8 ( 321,036 ) ( 263,471 )
Accruals and deferred income: ( 27,997 ) ( 49,599 )
Total net assets (liabilities): 2,927,054 3,254,524
Capital and reserves
Called up share capital: 120 100
Profit and loss account: 2,926,934 3,254,424
Total Shareholders' funds: 2,927,054 3,254,524

The notes form part of these financial statements

STINKY STUFF LTD

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 25 March 2025
and signed on behalf of the board by:

Name: Olivia Kerr
Status: Director

The notes form part of these financial statements

STINKY STUFF LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue Revenue is recognised to the extent that it is probable that the ecomnomis 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 otehr sales taxes.

    Tangible fixed assets depreciation policy

    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, on a reducing balance basis. Depreciation is provided on the following basis: Freehold property - Plant and machinery - 25% R.B Motor vehicles - 25% R.B Fixtures and fittings - 25% R.B Office equipment - 33% S.L 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.

    Intangible fixed assets amortisation policy

    Intangible assets Goodwill Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and loss account over its useful economic life. Other intangible assets Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

    Other accounting policies

    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. 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. 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. 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. Holiday pay accrual A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date. Provisions for liabilities Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. Dividends Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

STINKY STUFF LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 14 16

STINKY STUFF LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 August 2023 2,081,630 2,081,630
Additions
Disposals
Revaluations
Transfers
At 31 July 2024 2,081,630 2,081,630
Amortisation
At 1 August 2023 0 0
Charge for year
On disposals
Other adjustments
At 31 July 2024 0 0
Net book value
At 31 July 2024 2,081,630 2,081,630
At 31 July 2023 2,081,630 2,081,630

STINKY STUFF LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 425,000 61,817 37,064 28,749 406,217 958,847
Additions 2,094 2,975 98,960 104,029
Disposals ( 54,438 ) ( 54,438 )
Revaluations
Transfers
At 31 July 2024 425,000 61,817 39,158 31,724 450,739 1,008,438
Depreciation
At 1 August 2023 41,243 22,795 25,034 138,278 227,350
Charge for year 6,858 5,280 1,962 81,519 95,619
On disposals ( 13,609 ) ( 13,609 )
Other adjustments
At 31 July 2024 48,101 28,075 26,996 206,188 309,360
Net book value
At 31 July 2024 425,000 13,716 11,083 4,728 244,551 699,078
At 31 July 2023 425,000 20,574 14,269 3,715 267,939 731,497

STINKY STUFF LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Stocks

2024 2023
£ £
Stocks 16,878 17,070
Total 16,878 17,070

STINKY STUFF LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Debtors

2024 2023
£ £
Trade debtors 2,947 37,718
Prepayments and accrued income 23,280 22,600
Other debtors 894,484 1,111,023
Total 920,711 1,171,341

STINKY STUFF LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 173,612 67,903
Amounts due under finance leases and hire purchase contracts 24,955 117,654
Trade creditors 39,744 39,366
Taxation and social security 306,961 295,520
Accruals and deferred income 4,091 2,175
Other creditors 600 629
Total 549,963 523,247

STINKY STUFF LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

8. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 106,537 125,241
Amounts due under finance leases and hire purchase contracts 214,499 138,230
Total 321,036 263,471