TOBY'S PET SHOP LTD - Accounts to registrar (filleted)

REGISTERED NUMBER: 07098319 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 December 2024

for

TOBY'S PET SHOP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S J Jennings

Mr M P Jennings

REGISTERED OFFICE:

Turner & Ellerby

5 Church Street

Framlingham

Suffolk

IP13 9BQ

REGISTERED NUMBER:

07098319 (England and Wales)

ACCOUNTANTS:

Turner & Ellerby

Chartered Certified Accountants

5 Church Street

Framlingham

Woodbridge

Suffolk

IP13 9BQ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

27,310

13,389

27,310

13,389

CURRENT ASSETS

Stocks

90,000

68,000

Debtors

6

28,100

923

Cash at bank and in hand

17,017

115,164

135,117

184,087

CREDITORS

Amounts falling due within one year

7

54,737

60,325

NET CURRENT ASSETS

80,380

123,762

TOTAL ASSETS LESS CURRENT
LIABILITIES

107,690

137,151

PROVISIONS FOR LIABILITIES

8

5,189

3,348

NET ASSETS

102,501

133,803

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

102,401

133,703

SHAREHOLDERS' FUNDS

102,501

133,803

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2024 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 Income Statement 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:

Mr M P Jennings - Director

Mrs S J Jennings - Director

1.	STATUTORY INFORMATION

TOBY'S PET SHOP LTD is a private company, limited by shares , registered in England and Wales. 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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31 December 2023

and 30 December 2024

39,000

AMORTISATION

At 31 December 2023

and 30 December 2024

39,000

NET BOOK VALUE

At 30 December 2024

-

At 30 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 31 December 2023

-

1,918

25,611

27,529

Additions

11,002

9,384

-

20,386

At 30 December 2024

11,002

11,302

25,611

47,915

DEPRECIATION

At 31 December 2023

-

1,016

13,124

14,140

Charge for year

2,049

1,294

3,122

6,465

At 30 December 2024

2,049

2,310

16,246

20,605

NET BOOK VALUE

At 30 December 2024

8,953

8,992

9,365

27,310

At 30 December 2023

-

902

12,487

13,389

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other debtors

-

923

Directors' current accounts

27,350

-

Prepayments

750

-

28,100

923

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

44,223

30,535

Tax

1,593

17,108

Social security and other taxes

863

-

VAT

5,869

9,536

Other creditors

224

-

Directors' current accounts

-

1,181

Accrued expenses

1,965

54,737

60,325

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

5,189

3,348

Deferred

tax

£

Balance at 31 December 2023

3,348

Movement in year

1,841

Balance at 30 December 2024

5,189

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 December 2024 and 30 December 2023:

2024

2023

£

Mr M P Jennings and Mrs S J Jennings

Balance outstanding at start of year

-

Amounts advanced

27,350

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

27,350

-