Valley Kennels and Cattery Ltd

Registered number

SC734059

Filleted Accounts

31 March 2025

Valley Kennels and Cattery Ltd
Registered number:		SC734059
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		14,286			9,408

Current assets
Stocks		400			400
Debtors	4	6,606			-
Cash at bank and in hand		10,134			17,864
		17,140			18,264

Creditors: amounts falling due within one year	5	(27,262)			(21,244)

Net current liabilities			(10,122)			(2,980)

Total assets less current liabilities			4,164			6,428

Creditors: amounts falling due after more than one year	6		(2,592)			(1,174)



Net assets			1,572			5,254

Capital and reserves
Called up share capital			100			100
Profit and loss account			1,472			5,154

Shareholders' funds			1,572			5,254

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Ms SC Mucklow			Mrs CD Mucklow
Director			Director
Approved by the board on 8 September 2025

Valley Kennels and Cattery Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			25% reducing balance
	Office equipment			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					9		6


3	Tangible fixed assets
				Plant and machinery		Office equipment		Total
£					£		£
	Cost
	At 1 April 2024			9,200		2,333		11,533
	Additions			5,500		4,141		9,641
	At 31 March 2025			14,700		6,474		21,174

	Depreciation
	At 1 April 2024			1,558		567		2,125
	Charge for the year			3,286		1,477		4,763
	At 31 March 2025			4,844		2,044		6,888

	Net book value
	At 31 March 2025			9,856		4,430		14,286
	At 31 March 2024			7,642		1,766		9,408


4	Debtors					2025		2024
£							£

	Overdrawn Directors loan account: SC Mucklow					6,606		-


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					9,956		7,827
	Taxation and social security costs					16,710		12,853
	Loan from Valley Kennels and Cattery Partnership					596		564
						27,262		21,244


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Directors loan account: CD Mucklow					2,592		214
	Directors loan account: SC Mucklow					-		960
						2,592		1,174


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Ms SC Mucklow
	At the balance sheet date, there was a closing overdrawn balance, being a loan from the business to the Director. No interest was changed and the loan is repayable on demand. The loan was cleared in full by 19 August 2025.	(960)		20,580		(13,014)		6,606

		(960)		20,580		(13,014)		6,606


8	Related party transactions

	During the period, a total of £114,500 was charged to Valley Kennels and Cattery Ltd, by Valley Kennels and Cattery Partnership, as a management charge. At the end of the year a balance of £596 was due to the partnership. The directors of Valley Kennels and Cattery Ltd are also partners in the Valley Kennels and Cattery Partnership.


9	Controlling party

	Mrs CD Mucklow and Ms SC Mucklow are controlling parties.


10	Other information

	Valley Kennels and Cattery Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
	3 Langbank Holdings
	Milngavie
	Glasgow
	G62 6EL