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REGISTERED NUMBER: SC506714 (Scotland)















Unaudited Financial Statements for the Year Ended 29 September 2024

for

Pet Life Balance Limited

Pet Life Balance Limited (Registered number: SC506714)






Contents of the Financial Statements
for the Year Ended 29 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pet Life Balance Limited

Company Information
for the Year Ended 29 September 2024







DIRECTORS: Ms S E Smith
Ms J C Ulke





REGISTERED OFFICE: 18 Syme Crescent
Edinburgh
EH10 5GD





REGISTERED NUMBER: SC506714 (Scotland)





ACCOUNTANTS: J S Accounting Services Limited
13-15 Morningside Drive
EDINBURGH
EH10 5LZ

Pet Life Balance Limited (Registered number: SC506714)

Balance Sheet
29 September 2024

29.9.24 29.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 58,939 54,613

CURRENT ASSETS
Cash at bank 5,250 3,025

CREDITORS
Amounts falling due within one year 5 19,049 15,177
NET CURRENT LIABILITIES (13,799 ) (12,152 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,140

42,461

CREDITORS
Amounts falling due after more than one
year

6

8,343

12,982
NET ASSETS 36,797 29,479

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 36,767 29,449
SHAREHOLDERS' FUNDS 36,797 29,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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 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 26 June 2025 and were signed on its behalf by:



Ms J C Ulke - Director


Pet Life Balance Limited (Registered number: SC506714)

Notes to the Financial Statements
for the Year Ended 29 September 2024

1. STATUTORY INFORMATION

Pet Life Balance Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Pet Life Balance Limited (Registered number: SC506714)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 September 2023 74,978
Additions 9,151
At 29 September 2024 84,129
DEPRECIATION
At 30 September 2023 20,365
Charge for year 4,825
At 29 September 2024 25,190
NET BOOK VALUE
At 29 September 2024 58,939
At 29 September 2023 54,613

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.24 29.9.23
£    £   
Bank loans and overdrafts 4,834 3,000
Hire purchase contracts - 3,686
Trade creditors 1 -
Taxation and social security 1,015 -
Other creditors 13,199 8,491
19,049 15,177

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.9.24 29.9.23
£    £   
Hire purchase contracts 464 7,982
Other creditors 7,879 5,000
8,343 12,982

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 29 September 2024 the company owed Ms Ulke £3,700 (2023: £3,100 ) and Ms Smith £nil (2023: £391).