REGISTERED NUMBER: 14006260 (England and Wales)

Financial Statements for the Year Ended 31 July 2025

for

Coya Pet Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

Current assets

Stocks

209,413

146,963

Debtors

5

413,389

414,529

Cash at bank

12,791

15,025

635,593

576,517

Creditors

Amounts falling due within one year

6

(1,344,430

)

(1,074,637

)

Net current liabilities

(708,837

)

(498,120

)

Total assets less current liabilities

(708,837

)

(498,120

)

Capital and reserves

Called up share capital

900

900

Retained earnings

(709,737

)

(499,020

)

(708,837

)

(498,120

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 December 2025 and were signed by:

Mr C R Taylor - Director

1.	Statutory information

Coya Pet Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

14006260

Registered office:

Unit 12

Harling Road

Snetterton

Norfolk

NR16 2JU

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The directors consider that the company has adequate resources to continue in operational existence for the

forseeable future and have therefore prepared these financial statements on a going concern basis.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

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

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.

Development costs have been fully amortised in the current year.

Tangible fixed assets

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

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks

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

slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

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

4.	Employees and directors

The average number of employees during the year was 2 (2024 - 4 ) .

5.

Debtors: amounts falling due within one year

31.7.25

31.7.24

£

£

Trade debtors

90,366

153,874

Amounts owed by group undertakings

5,943

-

Other debtors

317,080

260,655

413,389

414,529

6.

Creditors: amounts falling due within one year

31.7.25

31.7.24

£

£

Trade creditors

1,099,231

816,453

Amounts owed to group undertakings

230,000

-

Taxation and social security

763

6,630

Other creditors

14,436

251,554

1,344,430

1,074,637

7.	Secured debts

31.7.25

31.7.24

£

£

Invoice factoring

-

291

-

291

Coya Pet have a confidential invoice discounting domestic and export recourse with RBS Invoice Finance Ltd, who now hold fixed and floating charges over all property and undertakings of the company. The balance for the trade debtors factoring is held within other creditors at the year end.

8.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Material uncertainty related to stock

Due to late notification of the acquisition by the parent company, we were not able to observe or test the counting of physical inventories at the end of the comparative year. We were unable to satisfy ourselves by alternative means concerning the stock quantities held at 31 July 2024, which are included in the balance sheet at £146,963, by using other audit procedures. Consequently we were unable to determine whether any adjustment to this amount was necessary.

Subsequently, for the profit and loss at 31 July 2025, we were also unable to satisfy ourselves regarding the apportionment between the stock valuations for 31 July 2024 and 31 July 2025 of £91,939 that is included within cost of sales. Therefore we were unable to determine whether any adjustment to this amount was necessary.

Matters required to report by exception

Arising solely from the limitation on the scope of our work relating to stock, referred to above:

-

we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and

-

we were unable to determine whether adequate accounting records have been kept.

Mr M Andrews FCA (Senior Statutory Auditor)

for and on behalf of Stephenson Smart (East Anglia) Limited

9.	Related party disclosures

During the year there were net transactions with the directors of £0 (2024: £231,063). As at the balance sheet date, the company, owed the directors £Nil (2024: £Nil).

No further transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.