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BarkBox UK Ltd Registered number: 15805843 Annual Report For the period from the date of incorporation (27 June 2024) to 31 March 2025
|  | 15805843 31 March 2025
BARKBOX UK LTD REGISTERED NUMBER: 15805843 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025
Note |  | £
Fixed assets |  |  |
Tangible fixed assets | 4 |  | 61,377
|  |  | 61,377
Current assets |  |  |
Stocks | 5 | 36,370 |
Debtors: amounts falling due within one year | 6 | 125,817 |
Cash and cash equivalents |  | 940 |
|  | 163,127 |
Creditors: amounts falling due within one year | 7 | (655,009) |
Net current liabilities |  |  | (491,882)
Total assets less current liabilities |  |  | (430,505)
Net liabilities |  |  | (430,505)
Capital and reserves |  |  |
Called up share capital | 9 |  | 100
Profit and loss account |  |  | (430,605)
Total equity |  |  | (430,505)
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
A Mason
Director
Date: 9 April 2026
The notes on pages 2 to 8 form part of these financial statements. - 1 -
|  | 15805843 31 March 2025
BARKBOX UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
1. | General information
BarkBox UK Ltd (the "Company") is a private company limited by shares and incorporated in England and Wales. The Company's registered number is 15805843. The address of the Company's registered office is 30 Old Bailey, London, United Kingdom, EC4M 7AU. The principal activity of the Company was the sale of pet toys to retailers and Amazon customers. The Company was incorporated on 27 June 2024. During the period, the Company shortened its accounting reference date from 30 June 2025 to 31 March 2025 to bring in line with fellow group companies. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the Company operates and is rounded to the nearest pound. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements are prepared on a going concern basis. The Company remains assured of the financial support from the ultimate parent company. The Company made a loss of £430,605 and had net liabilities of £430,505, this is reflective of the first period of incorporation. The directors have received confirmation that the ultimate parent company will continue to support the Company and provide it with adequate funds when necessary to enable it to meet its debts as they fall due for at least twelve months from the date of signing these financial statements. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. - 2 -
|  | 15805843 31 March 2025
BARKBOX UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income. All other foreign exchange gains and losses are presented in the Statement of Comprehensive Income within 'administrative expenses'.
| 2.4 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. - 3 -
|  | 15805843 31 March 2025
BARKBOX UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.5 | Taxation
Tax is recognised in the Statement of Comprehensive Income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
| 2.6 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 33% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income. Depreciation is charged to the Statement of Comprehensive Income within ‘Administrative expenses’. Impairment of Fixed Assets A review of indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.
| 2.7 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Comprehensive Income. - 4 -
|  | 15805843 31 March 2025
BARKBOX UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.9 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.10 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.11 | Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable. Financial assets Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is identified, an impairment loss is recognised in the Statement of comprehensive income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and its recoverable amount, which is an estimate of the amount that the Company would receive for the asset if it were to be sold at the reporting date. - 5 -
|  | 15805843 31 March 2025
BARKBOX UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.11 | Financial instruments (continued)
Financial liabilities Basic financial liabilities, including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a rate of interest. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payables are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transactions price and subsequently measured at amortised costs. Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
3. | Employees
| The average monthly number of employees, including the directors, during the period was 3.
4. | Tangible fixed assets
|  | Fixtures and fittings
|  | £
| Cost |
| At 27 June 2024 | -
| Additions | 64,987
| At 31 March 2025 | 64,987
| Depreciation |
| At 27 June 2024 | -
| Charge for the period | 3,610
| At 31 March 2025 | 3,610
| Net book value |
| At 31 March 2025 | 61,377
- 6 -
|  | 15805843 31 March 2025
BARKBOX UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
5. | Stocks
|  |  |  |  | 2025
|  |  |  |  | £
| Finished goods | 36,370
6. | Debtors: amounts falling due within one year
|  |  |  |  | 2025
|  |  |  |  | £
| Trade debtors | 100,817
| Prepayments and accrued income | 25,000
|  | 125,817
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025
|  |  |  |  | £
| Trade creditors | 2,160
| Amounts owed to group undertakings | 603,860
| Other taxation and social security | 1,695
| Accruals | 47,294
|  | 655,009
| Amounts owed to group undertakings are unsecured, interest-free and repayable on demand.
8. | Deferred taxation
| The Company has unused tax losses and other deductible timing differences at the period end. A deferred tax asset of £107,651 has not been recognised in respect of these items. In accordance with Section 29 of FRS 102, management has concluded that recovery of these amounts is not probable because sufficient future taxable profits cannot be demonstrated at this time.
- 7 -
|  | 15805843 31 March 2025
BARKBOX UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
9. | Share capital
|  |  |  |  | 2025
|  |  |  |  | £
|  | Allotted, called up and fully paid |
|  | 100 ordinary shares of £1 each | 100
| The Company has one class of shares; the ordinary shares has attached to it full voting, dividend and capital distribution rights.
10. | Capital commitments
| The Company had no capital commitments at the financial period-ended 31 March 2025.
11. | Related party transactions
| The Company has taken advantage of the exemptions provided by paragraph 33.1A of FRS 102 'Related Party Disclosures' and has not disclosed transactions entered into between two or more members of a Group, provided that any subsidiary undertaking which is party to the transaction is wholly-owned by a member of that Group.
12. | Post balance sheet events
There have been no significant events affecting the Company since the period end.
13. | Controlling party
The immediate parent company is Barkbox Ireland Limited, a company incorporated in Ireland. Its registered office address is Block 3, Harcourt Centre, Harcourt Road, Dublin 2, Ireland, D02 A339. The ultimate parent undertaking, and ultimate controlling party, is Bark, Inc., a company incorporated in the United States of America. Bark, Inc. is the parent undertaking of the smallest and largest group which consolidates the financial information of the Company. Copies of the consolidated financial statements may be obtained from the U.S. Securities and Exchange Commission website.
14. | Auditors' information
The auditors' report on the financial statements for the period ended 31 March 2025 was unqualified. The audit report was signed on 9 April 2026 by Maurice Hickey (Senior Statutory Auditor) on behalf of Forvis Mazars.
- 8 -