Pets Now Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

Registered number: 11265497

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		2,976		3,730
Tangible Assets	5		909,738		1,000,977

			912,714		1,004,707
CURRENT ASSETS
Debtors	6	84,966		45,956
Cash at bank and in hand		443,652		409,230

		528,618		455,186
Creditors: Amounts Falling Due Within One Year	7	(310,643 )		(372,972 )

NET CURRENT ASSETS (LIABILITIES)			217,975		82,214

TOTAL ASSETS LESS CURRENT LIABILITIES			1,130,689		1,086,921

Creditors: Amounts Falling Due After More Than One Year	8		(370,112 )		(595,300 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(92,186 )		(92,186 )

NET ASSETS			668,391		399,435

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			668,291		399,335

SHAREHOLDERS' FUNDS			668,391		399,435

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Pets Now Ltd.

Balance Sheet (continued)

As At 31 March 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Dr. Nikolaos Dafermos

Director

8th December 2025

The notes on pages 3 to 7 form part of these financial statements.

1. General Information

Pets Now Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 11265497 . The registered office is 4/5 Invicta Way, Manston Park Road, Ramsgate, Kent, CT12 5FD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are website costs. It is amortised to profit and loss account over its estimated economic life of 6 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	50 years, straightline
Plant & Machinery	4 years, straight line
Motor Vehicles	4 years, straight line
Fixtures & Fittings	4 years, straight line
Computer Equipment	4 years, straight line

Assets considered to lose their value in the first year of acquisition are fully depreciated.

2.6. Leasing and Hire Purchase Contracts

Hire purchase contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under hire purchase contracts are depreciated over their useful lives.

Finance leases

Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

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Pets Now Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 18 (2024: 15)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	4,520

As at 31 March 2025	4,520

Amortisation
As at 1 April 2024	790
Provided during the period	754

As at 31 March 2025	1,544

Net Book Value
As at 31 March 2025	2,976

As at 1 April 2024	3,730

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 April 2024	804,545	294,463	48,499	17,970
Additions	6,775	3,261	30,595	-
Disposals	-	-	(22,134 )	-

As at 31 March 2025	811,320	297,724	56,960	17,970

...CONTINUED

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Pets Now Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	27,842	111,237	20,853	7,802
Provided during the period	21,109	73,423	9,347	4,493
Disposals	-	(135 )	-	-

As at 31 March 2025	48,951	184,525	30,200	12,295

Net Book Value
As at 31 March 2025	762,369	113,199	26,760	5,675

As at 1 April 2024	776,703	183,226	27,646	10,168


	Computer Equipment	Total
	£	£
Cost
As at 1 April 2024	5,830	1,171,307
Additions	-	40,631
Disposals	(67 )	(22,201 )

As at 31 March 2025	5,763	1,189,737

Depreciation
As at 1 April 2024	2,596	170,330
Provided during the period	1,432	109,804
Disposals	-	(135 )

As at 31 March 2025	4,028	279,999

Net Book Value
As at 31 March 2025	1,735	909,738

As at 1 April 2024	3,234	1,000,977

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	62,698	24,082
Prepayments and accrued income	7,020	12,795
Other debtors	-	9,079
Directors' loan accounts	15,248	-

	84,966	45,956

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Pets Now Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	24,829	56,794
Trade creditors	19,166	12,644
Bank loans and overdrafts	7,093	12,853
Corporation tax	171,754	123,441
VAT	80,743	64,993
Other creditors	3,273	4,734
Accruals and deferred income	3,785	4,050
Directors' loan accounts	-	93,463

	310,643	372,972

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	120,089	143,975
Bank loans	250,023	451,325

	370,112	595,300

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	24,829	56,794
Later than one year and not later than five years	120,089	137,990
Later than five years	-	5,985

	144,918	200,769

	144,918	200,769

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Pension Commitments

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of 2025 - £1,296 (2024 - £299) were due to the fund. They are included in Other Creditors.

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Pets Now Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Dr. Nikolaos Dafermos	-	7,624	-	-	7,624
Dr Emilia Dafermou	-	7,624	-	-	7,624

The above loan is unsecured, interest free and repayable within nine months.

13. Controlling Party Not Known

The Company’s controlling party is jointly Mr Nikolaos Dafermos and Dr Emilia Dafermou.

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