The Pet Superstore Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06880898

THE PET SUPERSTORE LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 April 2025

THE PET SUPERSTORE LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30th APRIL 2025

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 8

THE PET SUPERSTORE LIMITED

STATEMENT OF FINANCIAL POSITION

30 April 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		8,587		10,953

CURRENT ASSETS

Stocks	6	51,800	52,450
Debtors	7	189,534	141,412
Cash at bank and in hand		8,654	8,430
		----------	----------
		249,988	202,292

CREDITORS: amounts falling due within one year	8	186,257		136,661
		----------		----------
NET CURRENT ASSETS			63,731		65,631
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			72,318		76,584

CREDITORS: amounts falling due after more than one year	9		9,433		15,833

PROVISIONS

Taxation including deferred tax	1,631	2,081
	---------	---------
NET ASSETS	61,254	58,670
	---------	---------

CAPITAL AND RESERVES

Called up share capital	11	100	100
Profit and loss account		61,154	58,570
		---------	---------
SHAREHOLDERS FUNDS		61,254	58,670
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30th April 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

THE PET SUPERSTORE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 27 April 2026 , and are signed on behalf of the board by:

P. Mathwin
Director

Company registration number: 06880898

THE PET SUPERSTORE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30th APRIL 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Post Office, 63 Saville Street, North Shields, Tyne & Wear, NE30 1AY.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on the going concern basis. The director considers that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's director, bankers and other lending agents during this time.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

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

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and Machinery	-	20% straight line
Fixtures and Fittings	-	15% straight line
Motor Vehicles	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. TANGIBLE ASSETS

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1st May 2024 and 30th April 2025	3,871	24,425	13,500	41,796
	-------	---------	---------	---------
Depreciation
At 1st May 2024	3,727	24,236	2,880	30,843
Charge for the year	53	189	2,124	2,366
	-------	---------	---------	---------
At 30th April 2025	3,780	24,425	5,004	33,209
	-------	---------	---------	---------
Carrying amount
At 30th April 2025	91	–	8,496	8,587
	-------	---------	---------	---------
At 30th April 2024	144	189	10,620	10,953
	-------	---------	---------	---------

6. STOCKS

	2025	2024
	£	£
Goods for resale	51,800	52,450
	---------	---------

7. DEBTORS

	2025	2024
	£	£
Prepayments	9,668	4,624
Corporation tax repayable	–	552
Director's loan account	134,627	52,402
S455 tax recoverable	45,239	17,489
The Pet Superstore 2 Limited	–	66,345
	----------	----------
	189,534	141,412
	----------	----------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loan	10,000	13,142
Trade creditors	68,425	56,566
Accruals	2,785	2,793
Corporation tax	52,806	–
Social security and other taxes	4,145	8,911
Other creditors	48,096	55,249
	----------	----------
	186,257	136,661
	----------	----------

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loan	9,433	15,833
	-------	---------

10. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	1,631	2,081
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	1,631	2,081
	-------	-------

11. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
P. Mathwin	52,402	171,561	( 89,336)	134,627
	---------	----------	---------	----------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
P. Mathwin	56,936	37,806	( 42,340)	52,402
	---------	---------	---------	---------

13. RELATED PARTY TRANSACTIONS

The sole director and shareholder of the company is also the sole director and shareholder of The Pet Superstore 2 Limited. An inter-company loan account records the transactions that take place between the two companies. The outstanding balance at the year end of £nil (2024: £66,345) is included within debtors. No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A small entities.