REGISTERED NUMBER: SC412581 (Scotland)

Financial Statements for the Year Ended 31 December 2024

for

Millie's Paws Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G R Jamieson

Miss S J Taylor

REGISTERED OFFICE:

1 Fraser Court

Rothienorman

Inverurie

AB51 8SD

REGISTERED NUMBER:

SC412581 (Scotland)

ACCOUNTANT:

James S. Lessells

Middle Third

Strichen

Fraserburgh

AB43 6RJ

FIXED ASSETS

Tangible assets

4

71,795

49,943

CURRENT ASSETS

Stocks

53,871

46,970

Debtors

5

8,794

3,853

Cash at bank and in hand

9,199

4,458

71,864

55,281

CREDITORS

Amounts falling due within one year

6

86,872

43,703

NET CURRENT (LIABILITIES)/ASSETS

(15,008

)

11,578

TOTAL ASSETS LESS CURRENT LIABILITIES

56,787

61,521

CREDITORS

Amounts falling due after more than one year

7

55,038

61,173

NET ASSETS

1,749

348

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,747

346

SHAREHOLDERS' FUNDS

1,749

348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 26 September 2025 and were signed on its behalf by:

G R Jamieson - Director

1.	STATUTORY INFORMATION

Millie's Paws 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.

Turnover

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

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 etc

-

33% on cost and 25% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

40,000

36,240

76,240

Additions

23,000

5,138

28,138

At 31 December 2024

63,000

41,378

104,378

DEPRECIATION

At 1 January 2024

-

26,297

26,297

Charge for year

-

6,286

6,286

At 31 December 2024

-

32,583

32,583

NET BOOK VALUE

At 31 December 2024

63,000

8,795

71,795

At 31 December 2023

40,000

9,943

49,943

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

8,794

3,853

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

23,500

3,000

Trade creditors

14,587

5,348

Taxation and social security

725

989

Other creditors

48,060

34,366

86,872

43,703

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

2,000

5,000

Other creditors

53,038

56,173

55,038

61,173

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

53,038

56,173