Registration number: 09406507

Prudhoe Pet Centre Limited

Contents

Company Information	1
Abridged Balance Sheet	2
Notes to the Unaudited Abridged Financial Statements	3 to 7

Prudhoe Pet Centre Limited

Company Information

Director

A R Hanking R C Hanking

Company secretary

S M A Hanking

Registered office

Bank Top Station Road Prudhoe NE42 5PY

Accountants

Heritage Accountancy Ltd Chartered Certified Accountants76 Front Street Prudhoe Northumberland NE42 5PU

Prudhoe Pet Centre Limited

(Registration number: 09406507)
Abridged Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	25,000	25,000
Tangible assets	5	82,818	83,462
		107,818	108,462
Current assets
Stocks	6	10,000	15,000
Debtors		144	-
Cash at bank and in hand		530	926
		10,674	15,926
Creditors: Amounts falling due within one year		(176,533)	(174,119)
Net current liabilities		(165,859)	(158,193)
Net liabilities		(58,041)	(49,731)
Capital and reserves
Called up share capital	7	10	10
Retained earnings		(58,051)	(49,741)
Shareholders' deficit		(58,041)	(49,731)

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 July 2025
 

......................................... A R Hanking Director

Prudhoe Pet Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bank Top
Station Road
Prudhoe
NE42 5PY

These financial statements were authorised for issue by the director on 4 July 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	20% reducing balance
Office equipment	15% reducing balance

Prudhoe Pet Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Prudhoe Pet Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 5).

4	Intangible assets

	Total £
Cost or valuation
At 1 February 2024	25,000
At 31 January 2025	25,000
Amortisation
Carrying amount
At 31 January 2025	25,000
At 31 January 2024	25,000

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 February 2024	80,000	19,696	99,696
At 31 January 2025	80,000	19,696	99,696
Depreciation
At 1 February 2024	-	16,234	16,234
Charge for the year	-	644	644
At 31 January 2025	-	16,878	16,878
Carrying amount
At 31 January 2025	80,000	2,818	82,818
At 31 January 2024	80,000	3,462	83,462

Included within the net book value of land and buildings above is £80,000 (2024 - £80,000) in respect of freehold land and buildings.
 

Prudhoe Pet Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

6

Stocks

	2025 £	2024 £
Other inventories	10,000	15,000

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Share Capital of £1 each	10	10	10	10

8	Related party transactions

Prudhoe Pet Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	17,224	17,224