Company Registration No. 10426715 (England and Wales)
Petsmiths Limited
Unaudited accounts
for the period from 1 November 2024 to 31 March 2026
Petsmiths Limited
Unaudited accounts
Contents
Petsmiths Limited
Company Information
for the period from 1 November 2024 to 31 March 2026
Directors
Ian Nicholson
Lucy Nicholson
Company Number
10426715 (England and Wales)
Registered Office
8 Lulworth Close
Hayling Island
Hampshire
PO110NY
United Kingdom
Accountants
Babcock Tax & Accountancy Services Ltd
The Florins, 8 Lulworth Close
Hayling Island
Hampshire
PO11 0NY
Petsmiths Limited
Statement of financial position
as at 31 March 2026
Tangible assets
2,116
1,206
Cash at bank and in hand
119,655
139,855
Creditors: amounts falling due within one year
(29,213)
(29,241)
Net current assets
90,862
110,614
Called up share capital
1
1
Profit and loss account
92,977
111,819
Shareholders' funds
92,978
111,820
For the period ending 31 March 2026 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 directors acknowledge their 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 of Directors and authorised for issue on 21 October 2026 and were signed on its behalf by
Ian Nicholson
Director
Company Registration No. 10426715
Petsmiths Limited
Notes to the Accounts
for the period from 1 November 2024 to 31 March 2026
Petsmiths Limited is a private company, limited by shares, registered in England and Wales, registration number 10426715. The registered office is 8 Lulworth Close, Hayling Island, Hampshire, PO110NY, United Kingdom.
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 period, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery - 10% on reducing balance
Computer equipment - 33% on cost
The principal activity of the company for this period is Veterinary Activities
Petsmiths Limited
Notes to the Accounts
for the period from 1 November 2024 to 31 March 2026
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2024
-
3,015
5,274
8,289
At 31 March 2026
1,666
3,015
5,274
9,955
At 1 November 2024
-
1,808
5,275
7,083
Charge for the period
305
452
(1)
756
At 31 March 2026
305
2,260
5,274
7,839
At 31 March 2026
1,361
755
-
2,116
At 31 October 2024
-
1,207
(1)
1,206
Amounts falling due within one year
Accrued income and prepayments
420
-
6
Creditors: amounts falling due within one year
2026
2024
Taxes and social security
25,381
23,317
Loans from directors
(2,191)
(2,504)
7
Average number of employees
During the period the average number of employees was 2 (2024: 2).