REGISTERED NUMBER: SC582636 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Wally Dog Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M A L Campbell

C R McCowen

SECRETARY:

C R McCowen

REGISTERED OFFICE:

6 Logie Mill

Edinburgh

EH7 4HG

REGISTERED NUMBER:

SC582636 (Scotland)

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

FIXED ASSETS

Tangible assets

4

14,516

8,975

CURRENT ASSETS

Stocks

5

17,480

15,200

Debtors

6

1,128

6,400

Cash at bank

19,334

33,843

37,942

55,443

CREDITORS

Amounts falling due within one year

7

55,418

47,831

NET CURRENT (LIABILITIES)/ASSETS

(17,476

)

7,612

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,960

)

16,587

CREDITORS

Amounts falling due after more than one year

8

(3,333

)

(13,333

)

PROVISIONS FOR LIABILITIES

10

(279

)

(2,245

)

NET (LIABILITIES)/ASSETS

(6,572

)

1,009

CAPITAL AND RESERVES

Called up share capital

11

60

60

Retained earnings

(6,632

)

949

SHAREHOLDERS' FUNDS

(6,572

)

1,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

C R McCowen - Director

1.	STATUTORY INFORMATION

Wally Dog Ltd 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.

The financial statements have been prepared on a going concern basis, the acceptability of which is dependent on the continued support of the directors.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant & Machinery

-

20% on cost

Fixtures & Fittings

-

20% on cost

Computer Equipment

-

20% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2024

20,285

19,030

3,847

43,162

Additions

2,521

9,013

-

11,534

At 31 January 2025

22,806

28,043

3,847

54,696

DEPRECIATION

At 1 February 2024

16,138

15,674

2,375

34,187

Charge for year

2,265

3,159

569

5,993

At 31 January 2025

18,403

18,833

2,944

40,180

NET BOOK VALUE

At 31 January 2025

4,403

9,210

903

14,516

At 31 January 2024

4,147

3,356

1,472

8,975

5.

STOCKS

31.1.25

31.1.24

£

£

Stocks

17,480

15,200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other debtors

1,128

6,400

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

15,728

11,811

Taxation and social security

13,636

15,981

Other creditors

26,054

20,039

55,418

47,831

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Other creditors

3,333

13,333

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.1.25

31.1.24

£

£

Within one year

46,337

46,337

Between one and five years

41,600

46,337

87,937

92,674

10.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

279

2,245

Deferred

tax

£

Balance at 1 February 2024

2,245

Provided during year

(1,966

)

Balance at 31 January 2025

279

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

60

Ordinary

£1

60

60

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st January 2025, the company owed the directors £12,279 (2024: £6,579).

13.	RELATED PARTY DISCLOSURES

During the year ended 31st January 2025, the company made net rental payments of £39,200 (2024: £48,800) to a related party.

The family members of a director of the company are shareholders in the related party.

During the year ended 31st January 2025, the company paid for services of £9,010 (2023: £613) which were provided by a company under common control.

14.	ULTIMATE CONTROLLING PARTY

There is no overall controlling interest.