|
Director
|
|
14 August 2025
|
|
|
|
Director
|
|
|
|
for and on behalf of
|
|
|
|
T/A Pinnacle Accountants
32 De Montfort Street
Leicester
LE1 7GD
|
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| TURNOVER | 3 |
|
|
|
| Cost of sales |
( |
( |
||
| GROSS PROFIT |
|
|
||
| Administrative expenses |
( |
( |
||
| Other operating income |
|
|
||
| OPERATING PROFIT | 5 |
|
|
|
| Interest payable and similar charges | 9 |
( |
( |
|
| PROFIT BEFORE TAXATION |
|
|
||
| Tax on Profit | 10 |
( |
( |
|
| PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
|
|
||
| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| PROFIT FOR THE FINANCIAL YEAR |
|
|
||
| OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
|
|
||
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 11 |
( |
( |
||
| Tangible Assets | 12 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Stocks | 14 |
|
|
||
| Debtors | 15 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 16 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| Creditors: Amounts Falling Due After More Than One Year | 17 |
( |
( |
||
| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 19 |
( |
( |
||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 21 |
|
|
||
| Revaluation reserve |
|
|
|||
| Fair value reserve |
|
|
|||
| Profit and Loss Account |
|
|
|||
| SHAREHOLDERS' FUNDS | 10,105,701 | 9,853,695 | |||
|
Director
|
|
|
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 12 |
|
|
||
| Investments | 13 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Debtors | 15 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 16 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 19 |
( |
( |
||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 21 |
|
|
||
| Fair value reserve |
|
|
|||
| Profit and Loss Account |
|
|
|||
| SHAREHOLDERS' FUNDS | 5,023,177 | 5,071,969 | |||
|
Director
|
|
|
| Share Capital | Revaluation reserve | Fair value reserve | Profit and Loss Account | Total | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| As at 29 June 2022 |
|
|
|
|
9,158,608 |
| Profit for the year and total comprehensive income | - | - | - |
|
695,087 |
| As at 28 June 2023 and 29 June 2023 |
|
|
|
|
9,853,695 |
| Profit for the year and total comprehensive income | - | - | - |
|
252,006 |
| Transfer to/from Fair value reserve | - | - | - | 602,906 | 602,906 |
| Transfer to/from Profit & Loss Account | - |
|
( |
- | (602,906) |
| As at 28 June 2024 |
|
|
|
|
10,105,701 |
| Share Capital | Fair value reserve | Profit and Loss Account | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| As at 29 June 2022 |
|
|
|
5,071,969 |
| As at 28 June 2023 and 29 June 2023 |
|
|
|
5,071,969 |
| Loss for the year and total comprehensive income | - | - |
( |
(48,792) |
| Transfer to/from Fair value reserve | - | - | 602,906 | 602,906 |
| Transfer to/from Profit & Loss Account | - |
( |
- | (602,906) |
| As at 28 June 2024 |
|
|
|
5,023,177 |
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash generated from/(used in) operations | 1 |
|
( |
|
| Interest paid |
( |
( |
||
| Tax paid |
( |
|
||
| Net cash generated from/(used in) operating activities |
|
( |
||
| Cash flows from investing activities | ||||
| Purchase of tangible assets |
( |
( |
||
| Proceeds from disposal of tangible assets |
|
|
||
| Net cash (used in)/generated from investing activities |
( |
|
||
| Cash flows from financing activities | ||||
| Repayment of bank borrowings |
( |
( |
||
| Repayment of other loans | (231,662) | (1,132,135) | ||
| Repayment of finance leases |
|
( |
||
| Amount introduced by directors | 100 | 500,000 | ||
| Net cash used in financing activities |
( |
( |
||
| Decrease in cash and cash equivalents |
( |
( |
||
| Cash and cash equivalents at beginning of year | 2 |
|
|
|
| Cash and cash equivalents at end of year | 2 |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Profit for the financial year |
|
|
|
| Adjustments for: | |||
| Tax on profit |
|
|
|
| Interest expense |
|
|
|
| Amortisation of intangible assets |
( |
( |
|
| Depreciation of tangible assets |
|
|
|
| Movements in working capital: | |||
| (Increase)/decrease in stocks |
( |
|
|
| Decrease/(increase) in trade and other debtors |
|
( |
|
| Decrease in trade and other creditors |
( |
( |
|
| Net cash generated from/(used in) operations |
|
( |
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Cash at bank and in hand |
|
|
|
| As at 29 June 2023 | Cash flows | As at 28 June 2024 | |
|---|---|---|---|
| £ | £ | £ | |
| Cash at bank and in hand |
|
(32,108) |
|
| Debts falling due within one year |
( |
231,662 |
( |
| Debts falling due after more than one year | (400,000) | 200,000 | (200,000) |
| (2,863,529) | 399,554 | (2,463,975) | |
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash generated from/(used in) operations | 1 |
|
( |
|
| Net cash generated from/(used in) operating activities |
|
( |
||
| Cash flows from investing activities | ||||
| Proceeds from disposal of tangible assets |
|
|
||
| Purchase of investment in subsidiary undertaking |
( |
|
||
| Net cash (used in)/generated from investing activities |
( |
|
||
| Cash flows from financing activities | ||||
| Amount introduced by directors | 100 | - | ||
| Increase in cash and cash equivalents |
|
|
||
| Cash and cash equivalents at beginning of year | 2 |
|
|
|
| Cash and cash equivalents at end of year | 2 |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Loss for the financial year |
( |
|
|
| Adjustments for: | |||
| Tax on loss |
|
|
|
| Movements in working capital: | |||
| Increase in trade and other debtors | - |
( |
|
| Increase in trade and other creditors |
|
|
|
| Net cash generated from/(used in) operations |
|
( |
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Cash at bank and in hand |
|
|
|
| As at 29 June 2023 | Cash flows | As at 28 June 2024 | |
|---|---|---|---|
| £ | £ | £ | |
| Cash at bank and in hand |
|
2,453 |
|
| Leasehold |
|
| Plant & Machinery |
|
| Motor Vehicles |
|
| Fixtures & Fittings |
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| United Kingdom |
|
|
|
| 34,911,433 | 31,277,677 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other operating income |
|
|
|
| 1,000,000 | - | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Depreciation of tangible fixed assets |
|
|
|
| Amortisation of intangible fixed assets |
( |
( |
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Wages and salaries |
|
|
|
| Social security costs |
|
|
|
| Other pension costs |
|
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| Office and administration |
|
|
|
| Sales, marketing and distribution |
|
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts |
|
|
|
| Foreign exchange charges |
( |
( |
|
| Late payment tax charges |
|
|
|
| 386,451 | 150,504 | ||
|
The tax charge on the profit for the year was as follows:
|
|||||
| Tax Rate | 2024 | 2023 | |||
|---|---|---|---|---|---|
| 2024 | 2023 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 21.9% |
|
|
|
| Prior period adjustment |
|
|
|||
|
|
|
||||
| Deferred Tax | |||||
| Deferred taxation |
|
|
|||
| Total tax charge for the period |
|
|
|||
|
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
|
|||||
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Profit before tax | 436,558 | 1,014,056 | |||
| Tax on profit at 25% (UK standard rate) |
|
|
|||
| Goodwill/depreciation not allowed for tax |
|
|
|||
| Capital allowances |
( |
|
|||
| Short term timing differences |
|
|
|||
| Prior period adjustment |
|
|
|||
| Total tax charge for the period | 184,552 | 318,969 | |||
| Goodwill | Other | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at 29 June 2023 |
( |
|
( |
| As at 28 June 2024 |
( |
|
( |
| Amortisation | |||
| As at 29 June 2023 |
( |
|
( |
| Provided during the period |
( |
|
( |
| As at 28 June 2024 |
( |
|
( |
| Net Book Value | |||
| As at 28 June 2024 |
( |
|
( |
| As at 29 June 2023 |
( |
|
( |
| Land & Property | |||||
|---|---|---|---|---|---|
| Leasehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| As at 29 June 2023 |
|
|
|
|
|
| Additions |
|
|
|
|
|
| As at 28 June 2024 |
|
|
|
|
|
| Depreciation | |||||
| As at 29 June 2023 |
|
|
|
|
|
| Provided during the period |
|
|
|
|
|
| As at 28 June 2024 |
|
|
|
|
|
| Net Book Value | |||||
| As at 28 June 2024 |
|
|
|
|
|
| As at 29 June 2023 |
|
|
|
|
|
| Plant & Machinery | |
|---|---|
| £ | |
| Cost | |
| As at 29 June 2023 |
|
| As at 28 June 2024 |
|
| Net Book Value | |
| As at 28 June 2024 |
|
| As at 29 June 2023 |
|
| Subsidiaries | |
|---|---|
| £ | |
| Cost | |
| As at 29 June 2023 |
|
| Additions |
|
| As at 28 June 2024 |
|
| Provision | |
| As at 29 June 2023 |
|
| As at 28 June 2024 |
|
| Net Book Value | |
| As at 28 June 2024 |
|
| As at 29 June 2023 |
|
| Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
|---|---|---|---|---|
|
|
Unit 16, Commercial Road, Goldthorpe, Bolton Upon Dearne, Rotherham, South Yorkshire, S63 9BL |
|
|
- |
|
|
Unit 16, Commercial Road, Goldthorpe, Bolton Upon Dearne, Rotherham, South Yorkshire, S63 9BL |
|
|
- |
| Capital and Reserves | Profit/(loss) | |
|---|---|---|
| £ | £ | |
| Vital Pet Group Limited |
|
|
| Bristows of Devon Limited |
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
|
|
|
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Due within one year | |||||||
| Trade debtors |
|
|
|
|
|||
| Amounts owed by group undertakings | 500,000 | 500,000 | 500,000 | 500,000 | |||
| Amounts owed by participating interests | 7,212,238 | 5,044,718 | 4,450,000 | 4,450,000 | |||
| Other debtors | 3,514,503 | 2,919,545 | - | - | |||
|
|
|
|
|
||||
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Trade creditors |
|
|
|
|
|||
| Bank loans and overdrafts |
|
|
|
|
|||
| Other loans |
|
|
|
|
|||
| Amounts owed to group undertakings | - | - |
|
|
|||
| Amounts owed to participating interests |
|
|
|
|
|||
| Other creditors | 570,955 | 564,953 | 57,213 | 57,113 | |||
| Corporation tax |
|
|
|
|
|||
| Taxation and social security | 47,355 | 19,404 | - | - | |||
| Accruals and deferred income | 20,329 | 73,796 | 3,000 | - | |||
|
|
|
|
|
||||
| Group | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Bank loans |
|
|
||
| Group | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Amounts falling due within one year or on demand: | ||||
| Bank loans |
|
|
||
| Other loans |
|
|
||
|
|
|
|||
| Group | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Amounts falling due between one and five years: | ||||
| Bank loans |
|
|
||
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Accelerated capital allowances |
|
|
|
- | |||
| Other timing differences | - | 12,509 | - | 12,509 | |||
|
|
|
|
|
||||
| Group | ||
|---|---|---|
| Deferred Tax | Total | |
| £ | £ | |
| As at 29 June 2023 |
|
469,158 |
| Balance at 28 June 2024 |
|
469,158 |
| Company | ||
|---|---|---|
| Deferred Tax | Total | |
| £ | £ | |
| As at 29 June 2023 |
|
12,509 |
| Balance at 28 June 2024 |
|
12,509 |
PRG Holdco 1 Limited
Parent company
Amount owed by parent company - £500,000 (2023 - £500,000)
Vital Pet Group Limited
Subsidary
Amount owed by subsidary - £4,450,000 (2023 - £4,450,000)
Other Related Parties
Related parties not part of group
Sales made during the year - £20,638,993 (2023 - £1,971,412). Purchases made during the year - £14,109,306.