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REGISTERED NUMBER: 04293137 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Grumpy Pets Limited

Grumpy Pets Limited (Registered number: 04293137)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Grumpy Pets Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs J D Brown
Mr R Page





SECRETARY: Mr R Page





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: 150A Scotland Road
Chesterton
Cambridge
Cambridgeshire
CB4 1QQ





REGISTERED NUMBER: 04293137 (England and Wales)

Grumpy Pets Limited (Registered number: 04293137)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 3,442 4,591
3,442 4,591

CURRENT ASSETS
Stocks 43,060 43,222
Debtors 7 978 792
Cash at bank and in hand 28,599 31,402
72,637 75,416
CREDITORS
Amounts falling due within one year 8 38,998 36,961
NET CURRENT ASSETS 33,639 38,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,081

43,046

PROVISIONS FOR LIABILITIES 739 984
NET ASSETS 36,342 42,062

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,242 41,962
SHAREHOLDERS' FUNDS 36,342 42,062

Grumpy Pets Limited (Registered number: 04293137)

Balance Sheet - continued
31 August 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 5 March 2025 and were signed on its behalf by:




Mrs J D Brown - Director



Mr R Page - Director


Grumpy Pets Limited (Registered number: 04293137)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Grumpy Pets 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2002, has been amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.


Grumpy Pets Limited (Registered number: 04293137)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 1,451
AMORTISATION
At 1 September 2023
and 31 August 2024 1,451
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

Grumpy Pets Limited (Registered number: 04293137)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 22,697
DEPRECIATION
At 1 September 2023 18,106
Charge for year 1,149
At 31 August 2024 19,255
NET BOOK VALUE
At 31 August 2024 3,442
At 31 August 2023 4,591

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 224 572
Other debtors 754 220
978 792

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 14,154 13,163
Taxation and social security 22,804 22,048
Other creditors 2,040 1,750
38,998 36,961