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REGISTERED NUMBER: 06569416 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2025

for

Sky Pet Products Ltd

Sky Pet Products Ltd (Registered number: 06569416)






Contents of the Financial Statements
for the Year Ended 30 April 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sky Pet Products Ltd

Company Information
for the Year Ended 30 April 2025







DIRECTORS: A P Falconer
L A Gardiner
Mrs F E Gardiner





SECRETARY: L A Gardiner





REGISTERED OFFICE: The Straw Yard Barn East Lodge Farm
Courteenhall
Northampton
NN7 2QF





REGISTERED NUMBER: 06569416 (England and Wales)





ACCOUNTANTS: OSP Accountants & Business advisors
2-20 Booth Drive
Park Farm
Wellingborough
Northamptonshire
NN8 6GR

Sky Pet Products Ltd (Registered number: 06569416)

Balance Sheet
30 April 2025

30.4.25 30.4.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 221,312 294,656
Tangible assets 5 654,882 594,606
876,194 889,262

CURRENT ASSETS
Stocks 884,721 1,018,375
Debtors 6 334,395 360,504
Cash at bank 237,851 16,868
1,456,967 1,395,747
CREDITORS
Amounts falling due within one year 7 354,017 348,265
NET CURRENT ASSETS 1,102,950 1,047,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,979,144

1,936,744

CREDITORS
Amounts falling due after more than
one year

8

(370,149

)

(233,572

)

PROVISIONS FOR LIABILITIES (17,391 ) (17,391 )
NET ASSETS 1,591,604 1,685,781

CAPITAL AND RESERVES
Called up share capital 10 20 20
Retained earnings 1,591,584 1,685,761
SHAREHOLDERS' FUNDS 1,591,604 1,685,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

Sky Pet Products Ltd (Registered number: 06569416)

Balance Sheet - continued
30 April 2025


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 2 June 2025 and were signed on its behalf by:




L A Gardiner - Director



A P Falconer - Director


Sky Pet Products Ltd (Registered number: 06569416)

Notes to the Financial Statements
for the Year Ended 30 April 2025

1. STATUTORY INFORMATION

Sky Pet Products Ltd 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.

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.

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 a business in 2019, is being 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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 10% on cost

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 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.


Sky Pet Products Ltd (Registered number: 06569416)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 10 ) .

Sky Pet Products Ltd (Registered number: 06569416)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2024
and 30 April 2025 759,655 6,392 766,047
AMORTISATION
At 1 May 2024 468,835 2,556 471,391
Charge for year 72,705 639 73,344
At 30 April 2025 541,540 3,195 544,735
NET BOOK VALUE
At 30 April 2025 218,115 3,197 221,312
At 30 April 2024 290,820 3,836 294,656

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2024 148,681 885,984 1,034,665
Additions 109,382 36,778 146,160
At 30 April 2025 258,063 922,762 1,180,825
DEPRECIATION
At 1 May 2024 - 440,059 440,059
Charge for year - 85,884 85,884
At 30 April 2025 - 525,943 525,943
NET BOOK VALUE
At 30 April 2025 258,063 396,819 654,882
At 30 April 2024 148,681 445,925 594,606

Sky Pet Products Ltd (Registered number: 06569416)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2024
and 30 April 2025 151,082
DEPRECIATION
At 1 May 2024
and 30 April 2025 26,717
NET BOOK VALUE
At 30 April 2025 124,365
At 30 April 2024 124,365

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.25 30.4.24
£    £   
Trade debtors 267,462 336,945
Other debtors 66,933 23,559
334,395 360,504

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.25 30.4.24
£    £   
Bank loans and overdrafts - 84,814
Hire purchase contracts 24,014 33,621
Trade creditors 96,076 47,371
Taxation and social security 46,982 (7,000 )
Other creditors 186,945 189,459
354,017 348,265

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.25 30.4.24
£    £   
Bank loans 247,428 82,785
Hire purchase contracts 102,586 130,652
Other creditors 20,135 20,135
370,149 233,572

Sky Pet Products Ltd (Registered number: 06569416)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.25 30.4.24
£    £   
HSBC Invoice finance - 10,974

The company's invoice finance facility is secured by a fixed and floating charge over the company and its assets. The charge also carries a negative pledge.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.25 30.4.24
value: £    £   
10 Ordinary £1 10 10
8 Ordinary B £1 8 8
2 Ordinary £1 2 2
20 20