Superpet Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

Report to the directors on the preparation of the unaudited statutory accounts of Superpet Limited for the year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Superpet Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Superpet Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Superpet Limited and state those matters that we have agreed to state to the directors of Superpet Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Superpet Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Superpet Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Superpet Limited . You consider that Superpet Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Superpet Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

5 September 2025

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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Superpet Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 10900958

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		509		678
Tangible Assets	5		83,836		7,443

			84,345		8,121
CURRENT ASSETS
Stocks	6	556,257		500,000
Debtors	7	1,127,358		1,189,317
Cash at bank and in hand		82,198		182,972

		1,765,813		1,872,289
Creditors: Amounts Falling Due Within One Year	8	(677,444 )		(807,887 )

NET CURRENT ASSETS (LIABILITIES)			1,088,369		1,064,402

TOTAL ASSETS LESS CURRENT LIABILITIES			1,172,714		1,072,523

Creditors: Amounts Falling Due After More Than One Year	9		(30,741 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(19,691 )		-

NET ASSETS			1,122,282		1,072,523

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			1,122,182		1,072,423

SHAREHOLDERS' FUNDS			1,122,282		1,072,523

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Superpet Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr J Goode

Director

4 September 2025

The notes on pages 4 to 8 form part of these financial statements.

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Superpet Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Superpet Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10900958 . The registered office is Unit 10, Wilverley Road, Somerford Business Park, Christchurch, Dorset, BH23 3RU.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

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.

Website development costss are amortised evenly over their estimated useful life of 8 years.

2.4. Tangible Fixed Assets and Depreciation

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Assets held under finance leases are depreciated in the same way as owned assets.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% and 25% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	25% reducing balance

Improvements to property 25% reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Superpet Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price

including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.8. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 26 (2023: 20)

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Superpet Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 January 2024	3,323

As at 31 December 2024	3,323

Amortisation
As at 1 January 2024	2,645
Provided during the period	169

As at 31 December 2024	2,814

Net Book Value
As at 31 December 2024	509

As at 1 January 2024	678

5. Tangible Assets

	Land & Property
	Improvements to property	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	-	15,758	-	3,480	19,238
Additions	11,266	39,288	36,380	-	86,934

As at 31 December 2024	11,266	55,046	36,380	3,480	106,172

Depreciation
As at 1 January 2024	-	10,272	-	1,523	11,795
Provided during the period	2,021	6,515	1,516	489	10,541

As at 31 December 2024	2,021	16,787	1,516	2,012	22,336

Net Book Value
As at 31 December 2024	9,245	38,259	34,864	1,468	83,836

As at 1 January 2024	-	5,486	-	1,957	7,443

6. Stocks

	2024	2023
	£	£
Materials	556,257	500,000

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Superpet Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	55,615	100,939
Prepayments and accrued income	7,207	-
Other debtors	1,017,968	968,020
VAT	41,268	-
Directors' loan accounts	5,300	120,358

	1,127,358	1,189,317

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	4,847	-
Trade creditors	388,494	483,420
Corporation tax	8,280	145,096
Other taxes and social security	9,479	-
VAT	-	23,618
Other creditors	205,065	79,870
Accruals and deferred income	37,279	75,883
Amounts owed to related parties	24,000	-

	677,444	807,887

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	30,741	-

10. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,847	-
Later than one year and not later than five years	30,741	-

	35,588	-

	35,588	-

11. Provisions for Liabilities


	Deferred Tax	Total
	£	£
Deferred taxation	19,691	19,691

Balance at 31 December 2024	19,691	19,691

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Superpet Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	42,531	35,199
Later than one year and not later than five years	148,701	168,564
Later than five years	41,084	71,084

	232,316	274,847

13. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Joseph Goode	120,358	106,262	(221,320 )	-	5,300

The above loan has interest charged at 2.25% and has no fixed repayment terms.

14. Related Party Transactions

As at 31 December 2024, there is a loan balance due of £24,000 (2023: £nil) to a company that has a common director as Superpet Ltd. The loan is interest free and has no fixed repayment terms. During the year £64,000 (2023: £64,000) was invoiced to Superpet Ltd.

As at 31 December 2024, there is a loan balance owed of £995,071 (2023: £968,020) to an unincorporated business that has a common participator as Superpet Ltd. This loan is interest free and has no fixed repayment terms.

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