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REGISTERED NUMBER: 14330156 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Aspen Pet Supplies Limited

Aspen Pet Supplies Limited (Registered number: 14330156)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Aspen Pet Supplies Limited (Registered number: 14330156)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 73,200 82,350
Tangible assets 5 8,123 9,153
81,323 91,503

CURRENT ASSETS
Stocks 2,925 5,331
Debtors 6 809 738
Cash at bank 6,326 15,601
10,060 21,670
CREDITORS
Amounts falling due within one year 7 (130,590 ) (126,131 )
NET CURRENT LIABILITIES (120,530 ) (104,461 )
TOTAL ASSETS LESS CURRENT LIABILITIES (39,207 ) (12,958 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (39,307 ) (13,058 )
(39,207 ) (12,958 )

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.

Aspen Pet Supplies Limited (Registered number: 14330156)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by:




Mr G S Williams - Director



Mrs S L Williams - Director


Aspen Pet Supplies Limited (Registered number: 14330156)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Aspen Pet Supplies 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: 14330156

Registered office: 6 Apen Grange
Marple
Cheshire
SK6 6FX

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.

Going concern
The directors' have considered the company's ability to continue as a going concern in light of the winding up of the Franchisor after the reporting date. The directors' have worked to secure alternative suppliers and having considered all available information conclude that the going concern assumption is still appropriate.

Turnover
Turnover is derived from the sale of pet supplies and is measured at the fair value of consideration received or receivable, excluding discounts, rebates and VAT. Turnover is recognised when the significant risks and rewards of ownership of the goods has been transferred to the customer on delivery, the amount can be measured reliably and it is probable that the associated economic benefits will flow to the entity.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Aspen Pet Supplies Limited (Registered number: 14330156)

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

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 91,500
AMORTISATION
At 1 October 2023 9,150
Amortisation for year 9,150
At 30 September 2024 18,300
NET BOOK VALUE
At 30 September 2024 73,200
At 30 September 2023 82,350

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 12,000 229 12,229
Additions - 1,296 1,296
At 30 September 2024 12,000 1,525 13,525
DEPRECIATION
At 1 October 2023 3,000 76 3,076
Charge for year 2,250 76 2,326
At 30 September 2024 5,250 152 5,402
NET BOOK VALUE
At 30 September 2024 6,750 1,373 8,123
At 30 September 2023 9,000 153 9,153

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 482 227
Other debtors 327 511
809 738

Aspen Pet Supplies Limited (Registered number: 14330156)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 3,491 2,113
Taxation and social security 1,195 1,791
Other creditors 125,904 122,227
130,590 126,131

8. POST BALANCE SHEET EVENTS

In February 2025, Oscar Pet Foods Limited, the Franchisor commenced winding up. This is expected to result in the impairment of goodwill and the cessation of income which was received from this revenue stream.