Company registration number 04751356 (England and Wales)
Petworld Oswestry Limited
Unaudited financial statements
For the year ended 31 May 2025
Petworld Oswestry Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Petworld Oswestry Limited
Balance sheet
As at 31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
-
0
6,195
Current assets
Stocks
-
38,500
Debtors
5
1,937
8,448
Cash at bank and in hand
16,019
6,009
17,956
52,957
Creditors: amounts falling due within one year
6
(8,662)
(50,736)
Net current assets
9,294
2,221
Total assets less current liabilities
9,294
8,416
Creditors: amounts falling due after more than one year
7
-
(8,000)
Net assets
9,294
416
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
9,293
415
Total equity
9,294
416
Petworld Oswestry Limited
Balance sheet (continued)
As at 31 May 2025
- 2 -

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 13 June 2025
Director
Company registration number 04751356 (England and Wales)
Petworld Oswestry Limited
Notes to the financial statements
For the year ended 31 May 2025
- 3 -
1
Accounting policies
Company information

Petworld Oswestry Limited is a private company limited by shares incorporated in England and Wales. The registered office is 17 Alvaston Business Park, Middlewich Road, Nantwich, Cheshire, CW5 6PF and the place of business, to 28th February 2025, was 2 English Walls, Festival Square, Oswestry, Shropshire, SY11 2PA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3
Intangible fixed assets - goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% reducing balance
Fixtures, fittings and equipment
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stock is valued at the lower of cost and net realisable value.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Petworld Oswestry Limited
Notes to the financial statements (continued)
For the year ended 31 May 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
8
9
3
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2024
100,000
Disposals
(100,000)
At 31 May 2025
-
0
Amortisation and impairment
At 1 June 2024
100,000
Disposals
(100,000)
At 31 May 2025
-
0
Carrying amount
At 31 May 2025
-
0
At 31 May 2024
-
0
Petworld Oswestry Limited
Notes to the financial statements (continued)
For the year ended 31 May 2025
- 5 -
4
Tangible fixed assets
Plant and equipment
Fixtures, fittings and equipment
Total
£
£
£
Cost
At 1 June 2024
17,914
11,862
29,776
Disposals
(17,914)
(11,862)
(29,776)
At 31 May 2025
-
0
-
0
-
0
Depreciation and impairment
At 1 June 2024
14,714
8,867
23,581
Eliminated in respect of disposals
(14,714)
(8,867)
(23,581)
At 31 May 2025
-
0
-
0
-
0
Carrying amount
At 31 May 2025
-
0
-
0
-
0
At 31 May 2024
3,200
2,995
6,195
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,937
8,448
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
-
0
6,000
Trade creditors
-
0
26,816
Taxation and social security
-
0
13,492
Other creditors
8,662
4,428
8,662
50,736
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
8,000
Petworld Oswestry Limited
Notes to the financial statements (continued)
For the year ended 31 May 2025
- 6 -
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
9
Directors' transactions

Advances or credits have been granted by the company to its director as follows:

Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Loan
-
8,333
(8,333)
-
8,333
(8,333)
-
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