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REGISTERED NUMBER: 03406001 (England and Wales)








Unaudited Financial Statements

For The Year Ended 30 September 2024

for

The Ark Pet Centre (Plymouth) Limited

The Ark Pet Centre (Plymouth) Limited (Registered number: 03406001)






Contents of the Financial Statements
For The Year Ended 30 September 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


The Ark Pet Centre (Plymouth) Limited (Registered number: 03406001)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,708 2,954
Tangible assets 5 464,496 486,850
Investment property 6 164,000 164,000
631,204 653,804

CURRENT ASSETS
Stocks 142,808 269,050
Debtors 7 142,233 122,043
Cash at bank and in hand 33,191 172,868
318,232 563,961
CREDITORS
Amounts falling due within one year 8 543,672 643,599
NET CURRENT LIABILITIES (225,440 ) (79,638 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

405,764

574,166

CREDITORS
Amounts falling due after more than one
year

9

(187,594

)

(219,292

)

PROVISIONS FOR LIABILITIES (7,593 ) (9,937 )
NET ASSETS 210,577 344,937

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 29,612 29,612
Retained earnings 180,865 315,225
SHAREHOLDERS' FUNDS 210,577 344,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Ark Pet Centre (Plymouth) Limited (Registered number: 03406001)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 13 June 2025 and were signed on its behalf by:





D W Burgess - Director


The Ark Pet Centre (Plymouth) Limited (Registered number: 03406001)

Notes to the Financial Statements
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

The Ark Pet Centre (Plymouth) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03406001

Registered office: Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

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.

Turnover is revenue earned from the sale of goods. It is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of goods in the case of internet sales or when the customer has paid for the goods in the case of a sale earned in a store.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and buildings - 2% on cost.
Plant and machinery etc. - 10% on cost, 20% on cost, 33% on cost and 25% on reducing balance.
Leasehold property improvements - Straight line over the term of the lease.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

The Ark Pet Centre (Plymouth) Limited (Registered number: 03406001)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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.

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 55 (2023 - 71 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 3,693
AMORTISATION
At 1 October 2023 739
Charge for year 246
At 30 September 2024 985
NET BOOK VALUE
At 30 September 2024 2,708
At 30 September 2023 2,954

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 369,408 500,974 870,382
Additions 3,812 3,755 7,567
At 30 September 2024 373,220 504,729 877,949
DEPRECIATION
At 1 October 2023 41,217 342,315 383,532
Charge for year 5,895 24,026 29,921
At 30 September 2024 47,112 366,341 413,453
NET BOOK VALUE
At 30 September 2024 326,108 138,388 464,496
At 30 September 2023 328,191 158,659 486,850

The Ark Pet Centre (Plymouth) Limited (Registered number: 03406001)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 164,000
NET BOOK VALUE
At 30 September 2024 164,000
At 30 September 2023 164,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors - 12,740
Amounts owed by group undertakings 2,214 -
Other debtors 140,019 109,303
142,233 122,043

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 153,959 29,746
Hire purchase contracts (see note 10) 4,888 16,674
Trade creditors 297,070 444,508
Taxation and social security 21,261 26,409
Other creditors 66,494 126,262
543,672 643,599

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 187,594 214,826
Hire purchase contracts (see note 10) - 4,466
187,594 219,292

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 81,178 121,551

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year 4,888 16,674
Between one and five years - 4,466
4,888 21,140

The Ark Pet Centre (Plymouth) Limited (Registered number: 03406001)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

10. LEASING AGREEMENTS - continued

Non-cancellable operating leases
30.9.24 30.9.23
£    £   
Within one year 168,589 165,160
Between one and five years 616,502 652,732
In more than five years 1,383,587 1,515,947
2,168,678 2,333,839

11. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 218,792 244,572

The bank loans are secured on the land and buildings owned by the company.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
E J Smith
Balance outstanding at start of year - 3,004
Amounts repaid - (3,004 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

D W Burgess
Balance outstanding at start of year - 3,000
Amounts advanced 61,701 -
Amounts repaid - (3,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 61,701 -

Where loans made to an individual director exceed £10,000 at any point during the period interest is charged at the applicable HMRC official rate. All directors' loans are repayable on demand.