North East Pets Limited
Statement of financial position
as at 31 July 2025
Tangible assets
16,216
3,000
Cash at bank and in hand
802
1,797
Creditors: amounts falling due within one year
9,588
32,301
Net current assets
37,824
46,598
Total assets less current liabilities
54,040
49,598
Creditors: amounts falling due after more than one year
(52,894)
(50,030)
Net assets/(liabilities)
1,146
(432)
Called up share capital
2
2
Profit and loss account
1,144
(434)
Shareholders' funds
1,146
(432)
For the year ending 31 July 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 April 2025 and were signed on its behalf by
Rachel Louise Lockey
Director
Company Registration No. 14218298
North East Pets Limited
Notes to the Accounts
for the year ended 31 July 2025
North East Pets Limited is a private company, limited by shares, registered in England and Wales, registration number 14218298.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% SL
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2024
2,167
833
3,000
At 31 July 2025
2,167
18,103
20,270
Charge for the year
433
3,621
4,054
At 31 July 2025
433
3,621
4,054
At 31 July 2025
1,734
14,482
16,216
At 31 July 2024
2,167
833
3,000
North East Pets Limited
Notes to the Accounts
for the year ended 31 July 2025
5
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
482
18
Loans from directors
(16,511)
(33,061)
6
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
52,894
50,030
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).