Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-312023-11-0113falseanimal cremation and rehabilitation of animals13truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04203559 2023-11-01 2024-10-31 04203559 2022-11-01 2023-10-31 04203559 2024-10-31 04203559 2023-10-31 04203559 c:Director1 2023-11-01 2024-10-31 04203559 d:Buildings 2023-11-01 2024-10-31 04203559 d:Buildings 2024-10-31 04203559 d:Buildings 2023-10-31 04203559 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04203559 d:PlantMachinery 2023-11-01 2024-10-31 04203559 d:PlantMachinery 2024-10-31 04203559 d:PlantMachinery 2023-10-31 04203559 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04203559 d:MotorVehicles 2023-11-01 2024-10-31 04203559 d:MotorVehicles 2024-10-31 04203559 d:MotorVehicles 2023-10-31 04203559 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04203559 d:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 04203559 d:OtherPropertyPlantEquipment 2024-10-31 04203559 d:OtherPropertyPlantEquipment 2023-10-31 04203559 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04203559 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04203559 d:FreeholdInvestmentProperty 2024-10-31 04203559 d:FreeholdInvestmentProperty 2023-10-31 04203559 d:CurrentFinancialInstruments 2024-10-31 04203559 d:CurrentFinancialInstruments 2023-10-31 04203559 d:Non-currentFinancialInstruments 2024-10-31 04203559 d:Non-currentFinancialInstruments 2023-10-31 04203559 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 04203559 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 04203559 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 04203559 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 04203559 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 04203559 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 04203559 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 04203559 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 04203559 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-10-31 04203559 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 04203559 d:ShareCapital 2024-10-31 04203559 d:ShareCapital 2023-10-31 04203559 d:RetainedEarningsAccumulatedLosses 2024-10-31 04203559 d:RetainedEarningsAccumulatedLosses 2023-10-31 04203559 c:OrdinaryShareClass1 2023-11-01 2024-10-31 04203559 c:OrdinaryShareClass1 2024-10-31 04203559 c:OrdinaryShareClass1 2023-10-31 04203559 c:OrdinaryShareClass2 2023-11-01 2024-10-31 04203559 c:OrdinaryShareClass2 2024-10-31 04203559 c:FRS102 2023-11-01 2024-10-31 04203559 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04203559 c:FullAccounts 2023-11-01 2024-10-31 04203559 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04203559 d:WithinOneYear 2024-10-31 04203559 d:WithinOneYear 2023-10-31 04203559 2 2023-11-01 2024-10-31 04203559 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure
                                                                                                                        Registered number: 04203559












    

PEACEFUL PETS LIMITED


UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

 
PEACEFUL PETS LIMITED
REGISTERED NUMBER:04203559

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,371,176
1,355,944

Investment property
 5 
525,000
525,000

  
1,896,176
1,880,944

Current assets
  

Stocks
  
24,489
91,007

Debtors: amounts falling due within one year
 6 
114,476
146,124

Bank & cash balances
  
276,278
127,931

  
415,243
365,062

Creditors: amounts falling due within one year
 7 
(226,126)
(167,704)

Net current assets
  
 
 
189,117
 
 
197,358

Total assets less current liabilities
  
2,085,293
2,078,302

Creditors: amounts falling due after more than one year
 8 
(407,974)
(450,172)

Provisions for liabilities
  

Deferred tax
  
(15,774)
(24,061)

  
 
 
(15,774)
 
 
(24,061)

Net assets
  
1,661,545
1,604,069


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
1,661,445
1,603,969

  
1,661,545
1,604,069


Page 1

 
PEACEFUL PETS LIMITED
REGISTERED NUMBER:04203559
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
T A Ringer
Director

Date: 7 July 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
PEACEFUL PETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Peaceful Pets Limited is a private company limited by shares and incorporated in England and Wales, registration number 04203559. The registered office is Summerhill House, 1 Sculthorpe Road, Fakenham, Norfolk, NR21 9HA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
PEACEFUL PETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
PEACEFUL PETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Land and buildings freehold
-
10% straight line, 7.5% straight line and no depreciation
Plant & machinery
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Other fixed assets
-
No depreciation

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
PEACEFUL PETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.10

Investment property

Investment property is carried at fair value. The fair value is determined and confirmed annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss. External valuers are consulted as and when the directors deem it necessary to confirm their valuation methodology.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
PEACEFUL PETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2023 - 13).


4.


Tangible fixed assets





Freehold property
Plant & machinery
Motor vehicles
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 November 2023
1,062,533
761,233
229,954
49,989
2,103,709


Additions
35,897
15,652
46,056
-
97,605


Disposals
-
-
(19,995)
-
(19,995)



At 31 October 2024

1,098,430
776,885
256,015
49,989
2,181,319



Depreciation


At 1 November 2023
114,593
497,638
135,534
-
747,765


Charge for the year on owned assets
1,808
41,887
33,933
-
77,628


Disposals
-
-
(15,250)
-
(15,250)



At 31 October 2024

116,401
539,525
154,217
-
810,143



Net book value



At 31 October 2024
982,029
237,360
101,798
49,989
1,371,176



At 31 October 2023
947,940
263,595
94,420
49,989
1,355,944

Page 7

 
PEACEFUL PETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 November 2023
525,000



At 31 October 2024
525,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.

2024
2023
£
£

Revaluation reserves


Net deficit in movement properties
(251,136)
(251,136)

At 31 October 2024
(251,136)
(251,136)



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
776,136
776,136


6.


Debtors

2024
2023
£
£


Trade debtors
107,776
99,990

Other debtors
6,700
46,134

114,476
146,124


Page 8

 
PEACEFUL PETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
41,737
33,392

Trade creditors
46,861
37,689

Corporation tax
38,685
18,868

Other taxation and social security
63,337
39,297

Other creditors
22,795
287

Accruals and deferred income
12,711
38,171

226,126
167,704


Secured creditors are disclosed under note 9.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
407,974
450,172


Secured creditors are disclosed under note 9.

Page 9

 
PEACEFUL PETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
41,737
33,392

Amounts falling due 1-2 years

Bank loans
23,584
33,392

Amounts falling due 2-5 years

Bank loans
70,753
79,427

Amounts falling due after more than 5 years

Bank loans
313,637
337,353

449,711
483,564


Details of security provided:
The above bank loans are secured against the freehold property.

Page 10

 
PEACEFUL PETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



60 (2023 - 100) Ordinary A shares shares of £1.00 each
60
100
40 (2023 - ) Ordinary B shares shares of £1.00 each
40
-

100

100



11.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost charge included within staff salaries represents contributions payable by the company to the fund and amounted to £3,913 (2023 - £3,475). Contributions totalling £nil (2023 - £287) were payable to the fund at the reporting date and are included in creditors.


12.


Commitments under operating leases

At 31 October 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
15,600
15,600

15,600
15,600


13.


Related party transactions

At the year end, the Directors were owed by the Company a total of £22,795 (2023: the Directors owed the Company £44,643). No interest is charged in respect of the balance and the total balance is repayable on demand.

 
Page 11