REGISTERED NUMBER: 09208996 (England and Wales)

MANSFIELD AQUATIC, REPTILE AND PET

CENTRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C Stevenson

Mrs J A Thellman

Mr L Thellman

REGISTERED OFFICE:

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

REGISTERED NUMBER:

09208996 (England and Wales)

ACCOUNTANTS:

ApC

Chartered Accountants

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

BANKERS:

Barclays Bank Plc

23 Market Place

Mansfield

Nottinghamshire

NG18 1HT

FIXED ASSETS

Tangible assets

5

358,827

317,748

CURRENT ASSETS

Stocks

230,676

216,844

Debtors

6

3,451

12,578

Cash at bank and in hand

238,984

146,588

473,111

376,010

CREDITORS

Amounts falling due within one year

7

309,605

274,432

NET CURRENT ASSETS

163,506

101,578

TOTAL ASSETS LESS CURRENT LIABILITIES

522,333

419,326

CREDITORS

Amounts falling due after more than one year

8

(10,825

)

(20,786

)

PROVISIONS FOR LIABILITIES

(89,707

)

(76,260

)

NET ASSETS

421,801

322,280

CAPITAL AND RESERVES

Called up share capital

9

104

104

Retained earnings

421,697

322,176

421,801

322,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2026 and were signed on its behalf by:

Mrs J A Thellman - Director

1.	STATUTORY INFORMATION

Mansfield Aquatic, Reptile and Pet Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and judgements are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Turnover

Turnover represents the value excluding Value Added Tax of all pets and pet supplies provided to customers during the year. In respect of goods and services provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

Tangible fixed assets

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

Improvements to property

-

10% straight line

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

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

Taxation

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

Financial instruments

Financial instruments 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2025 - 16 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 March 2025

312,550

120

101,641

20,012

434,323

Additions

86,697

-

-

800

87,497

At 28 February 2026

399,247

120

101,641

20,812

521,820

DEPRECIATION

At 1 March 2025

35,977

59

64,257

16,282

116,575

Charge for year

39,925

9

5,609

875

46,418

At 28 February 2026

75,902

68

69,866

17,157

162,993

NET BOOK VALUE

At 28 February 2026

323,345

52

31,775

3,655

358,827

At 28 February 2025

276,573

61

37,384

3,730

317,748

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

2,083

2,083

Directors' current accounts

-

9,420

Prepayments and accrued income

1,368

1,075

3,451

12,578

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

7,296

20,082

Corporation tax

72,752

47,676

Social security and other taxes

5,980

4,642

VAT

34,486

18,052

Other creditors

106

106

Directors' current accounts

186,916

182,082

Accruals and deferred income

2,069

1,792

309,605

274,432

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

10,825

20,786

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

2025

2024

Share Type

£

£

Ordinary £1

100

100

Ordinary A £1

1

1

Ordinary B £1

1

1

Ordinary C £1

1

1

Ordinary D £1

1

104

103

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2026 and 28 February 2025:

2026

2025

£

£

Mr L Thellman

Balance outstanding at start of year

9,420

(6,694

)

Amounts advanced

-

100,648

Amounts repaid

(9,420

)

(84,534

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

9,420

11.	RELATED PARTY DISCLOSURES

Key management personnel remuneration paid in the year amounts to £37,710 (2025: £37,710).