Registered number
09163425
absoluteDogs Ltd
Unaudited Filleted Accounts
31 August 2024
absoluteDogs Ltd
Registered number: 09163425
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 90,991 175,031
Tangible assets 4 258,588 318,780
349,579 493,811
Current assets
Stocks - 42,595
Debtors 5 98,901 49,409
Cash at bank and in hand 189,067 357,302
287,968 449,306
Creditors: amounts falling due within one year 6 (210,880) (222,540)
Net current assets 77,088 226,766
Total assets less current liabilities 426,667 720,577
Provisions for liabilities (53,502) (28,154)
Net assets 373,165 692,423
Capital and reserves
Called up share capital 90 90
Profit and loss account 373,075 692,333
Shareholders' funds 373,165 692,423
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Miss L Langman
Director
Approved by the board on 12 May 2025
absoluteDogs Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings 10% reducing balance
Motor vehicles 25% reducing balance
Plant and machinery over 8 years
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors/creditors
Debtors and creditors with no stated interest rate and receivable/payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 17 22
3 Intangible fixed assets £
Trademarks and website development:
Cost
At 1 September 2023 539,029
Additions 2,943
At 31 August 2024 541,972
Amortisation
At 1 September 2023 363,998
Provided during the year 86,983
At 31 August 2024 450,981
Net book value
At 31 August 2024 90,991
At 31 August 2023 175,031
Website developments are being written off in equal annual instalments over its estimated economic life of 3 years.
Trademarks are being written off in equal annual instalments over their estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 221,865 201,906 185,986 609,757
Additions - 4,311 - 4,311
Disposals - - (52,149) (52,149)
At 31 August 2024 221,865 206,217 133,837 561,919
Depreciation
At 1 September 2023 63,397 135,074 92,506 290,977
Charge for the year 15,847 17,861 20,896 54,604
On disposals - - (42,250) (42,250)
At 31 August 2024 79,244 152,935 71,152 303,331
Net book value
At 31 August 2024 142,621 53,282 62,685 258,588
At 31 August 2023 158,468 66,832 93,480 318,780
5 Debtors 2024 2023
£ £
Trade debtors 856 -
Other debtors 98,045 49,409
98,901 49,409
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 36,625 23,216
Taxation and social security costs 76,085 172,513
Other creditors 98,170 26,811
210,880 222,540
7 Related party transactions
In the year, there were intercompany loans from/ (to) the following related close companies controlled by the directors:
2024 2023
£ £
M & L Dogs Life Ltd (68,374) -
Devon Dogs Ltd 19,217 (3,533)
A-OK9 Ltd (558) -
The Underdog Ltd (346) (3,337)
(50,061) (6,870)
8 Other information
absoluteDogs Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
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