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REGISTERED NUMBER: NI689883 (Northern Ireland)















HOLLYS DOGGYS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024






HOLLYS DOGGYS LTD (REGISTERED NUMBER: NI689883)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOLLYS DOGGYS LTD

COMPANY INFORMATION
for the year ended 31 July 2024







DIRECTOR: Mrs H A Firman





REGISTERED OFFICE: Unit B15 Inspire Business Park
16 Carrowreagh Road
Dundonald
Belfast
BT16 1QT





REGISTERED NUMBER: NI689883 (Northern Ireland)





ACCOUNTANTS: Jones
Chartered Accountants
4 Comber Street
Saintfield
BALLYNAHINCH
BT24 7AZ

HOLLYS DOGGYS LTD (REGISTERED NUMBER: NI689883)

BALANCE SHEET
31 July 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 2,094 2,675

CURRENT ASSETS
Stocks 833 300
Debtors 5 989 1,060
Cash at bank and in hand 16,783 4,375
18,605 5,735
CREDITORS
Amounts falling due within one year 6 (12,736 ) (11,151 )
NET CURRENT ASSETS/(LIABILITIES) 5,869 (5,416 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,963

(2,741

)

PROVISIONS FOR LIABILITIES (398 ) -
NET ASSETS/(LIABILITIES) 7,565 (2,741 )

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 7,564 (2,742 )
SHAREHOLDERS' FUNDS 7,565 (2,741 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

HOLLYS DOGGYS LTD (REGISTERED NUMBER: NI689883)

BALANCE SHEET - continued
31 July 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





Mrs H A Firman - Director


HOLLYS DOGGYS LTD (REGISTERED NUMBER: NI689883)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2024


1. STATUTORY INFORMATION

Hollys Doggys Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for good and services in the normal course of business net of VAT and trade discounts.

Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from supply of services is recognised when the services are rendered using the percentage of completion method based on the actual services provided as a proportion of the total services performed.

HOLLYS DOGGYS LTD (REGISTERED NUMBER: NI689883)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible assets are stated in the statement of financial position 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
No depreciation is charged on freehold land. For all other assets depreciation is charged to write off their cost or valuation less estimated residual value over their expected useful lives. The methods adopted and rates used are as follows:

Fixtures and equipment - 25% reducing balance


At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

HOLLYS DOGGYS LTD (REGISTERED NUMBER: NI689883)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024


2. ACCOUNTING POLICIES - continued

Basic financial instruments
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.

Short-term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other operating expenses.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures &
equipment
£
COST
At 1 August 2023 3,397
Additions 101
At 31 July 2024 3,498
DEPRECIATION
At 1 August 2023 722
Charge for year 682
At 31 July 2024 1,404
NET BOOK VALUE
At 31 July 2024 2,094
At 31 July 2023 2,675

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 989 1,060

HOLLYS DOGGYS LTD (REGISTERED NUMBER: NI689883)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Taxation and social security 1,230 -
Other creditors 11,506 11,151
12,736 11,151

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary £1 1 1

8. CAPITAL COMMITMENTS
2024 2023
£ £
Contracted but not provided for in the
financial statements - -

9. RELATED PARTY DISCLOSURES

Included within other creditors are amounts advanced by senior management and close family
members to the company of £10,410 (2023 £10,191.). The advances are unsecured, interest free and repayable on demand.