Paws In Work Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Paws In Work Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11485543 . The registered office is Unit G.17 111 Power Road, The Light Box, Chiswick, London, W4 5PY.

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

These accounts have been prepared on a going concern basis. This is considered appropriate since although the company has net liabilities as at the balance sheet date, the company will continue to be supported by its directors.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. 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:

Plant & Machinery	20% Straight line method
Motor Vehicles	15% Reducing balance method
Fixtures & Fittings	25% Straight line method
Computer Equipment	33% Straight line method

2.5. Leasing and Hire Purchase Contracts

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

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

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Paws In Work Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Financial Instruments

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.

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements or a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director.

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 found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

2.8. 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.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. 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: 13 (2024: 17)

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Paws In Work Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 January 2025	172,681
Additions	2,818

As at 31 December 2025	175,499

Depreciation
As at 1 January 2025	86,075
Provided during the period	20,225

As at 31 December 2025	106,300

Net Book Value
As at 31 December 2025	69,199

As at 1 January 2025	86,606

5. Stocks

	2025	2024
	£	£
Stock	3,125	3,710

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	137,157	102,008
Other debtors	223,244	222,348

	360,401	324,356

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	17,986	18,019
Trade creditors	16,744	21,371
Bank loans and overdrafts	7,243	7,427
Other creditors	227,451	192,668
Taxation and social security	153,056	136,586

	422,480	376,071

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Paws In Work Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	29,311	46,798
Bank loans	25,350	32,409
Taxation and social security	5,290	53,795

	59,951	133,002

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	17,986	18,019
Later than one year and not later than five years	29,311	46,798

	47,297	64,817

	47,297	64,817

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	15,271	24,844
Later than one year and not later than five years	-	15,271

	15,271	40,115

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2025
	£	£	£	£	£
Mr Adam Amhama	89,192	-	224	-	88,968
Mr Ashley Fry	68,434	-	73	-	68,361

The above loans are unsecured and repayable on demand.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		69,199		86,606

			69,199		86,606
CURRENT ASSETS
Stocks	5	3,125		3,710
Debtors	6	360,401		324,356
Cash at bank and in hand		42,757		33,167

		406,283		361,233
Creditors: Amounts Falling Due Within One Year	7	(422,480 )		(376,071 )

NET CURRENT ASSETS (LIABILITIES)			(16,197 )		(14,838 )

TOTAL ASSETS LESS CURRENT LIABILITIES			53,002		71,768

Creditors: Amounts Falling Due After More Than One Year	8		(59,951 )		(133,002 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(13,148 )		(4,561 )

NET LIABILITIES			(20,097 )		(65,795 )

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			(20,098 )		(65,796 )

SHAREHOLDERS' FUNDS			(20,097)		(65,795)

Mr A Amhama Director	Mr A Fry Director
19th May 2026