Poochie Park Limited

POOCHIE PARK LIMITED - Company Information

2022-04-012023-03-312023-03-31false10929344Poochie Park Limited2023-10-19iso4217:GBPxbrli:pure109293442022-04-01109293442023-03-31109293442022-04-012023-03-31109293442021-04-01109293442022-03-31109293442021-04-012022-03-3110929344bus:SmallEntities2022-04-012023-03-3110929344bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3110929344bus:FullAccounts2022-04-012023-03-3110929344bus:PrivateLimitedCompanyLtd2022-04-012023-03-3110929344core:WithinOneYear2023-03-3110929344core:AfterOneYear2023-03-3110929344core:WithinOneYear2022-03-3110929344core:AfterOneYear2022-03-3110929344core:ShareCapital2023-03-3110929344core:SharePremium2023-03-3110929344core:RevaluationReserve2023-03-3110929344core:OtherReservesSubtotal2023-03-3110929344core:RetainedEarningsAccumulatedLosses2023-03-3110929344core:ShareCapital2022-03-3110929344core:SharePremium2022-03-3110929344core:RevaluationReserve2022-03-3110929344core:OtherReservesSubtotal2022-03-3110929344core:RetainedEarningsAccumulatedLosses2022-03-3110929344core:LandBuildings2023-03-3110929344core:PlantMachinery2023-03-3110929344core:Vehicles2023-03-3110929344core:FurnitureFittings2023-03-3110929344core:OfficeEquipment2023-03-3110929344core:NetGoodwill2023-03-3110929344core:IntangibleAssetsOtherThanGoodwill2023-03-3110929344core:ListedExchangeTraded2023-03-3110929344core:UnlistedNon-exchangeTraded2023-03-3110929344core:LandBuildings2022-03-3110929344core:PlantMachinery2022-03-3110929344core:Vehicles2022-03-3110929344core:FurnitureFittings2022-03-3110929344core:OfficeEquipment2022-03-3110929344core:NetGoodwill2022-03-3110929344core:IntangibleAssetsOtherThanGoodwill2022-03-3110929344core:ListedExchangeTraded2022-03-3110929344core:UnlistedNon-exchangeTraded2022-03-3110929344core:LandBuildings2022-04-012023-03-3110929344core:PlantMachinery2022-04-012023-03-3110929344core:Vehicles2022-04-012023-03-3110929344core:FurnitureFittings2022-04-012023-03-3110929344core:OfficeEquipment2022-04-012023-03-3110929344core:NetGoodwill2022-04-012023-03-3110929344core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3110929344core:ListedExchangeTraded2022-04-012023-03-3110929344core:UnlistedNon-exchangeTraded2022-04-012023-03-3110929344core:MoreThanFiveYears2022-04-012023-03-3110929344core:Non-currentFinancialInstruments2023-03-3110929344core:Non-currentFinancialInstruments2022-03-3110929344dpl:CostSales2022-04-012023-03-3110929344dpl:DistributionCosts2022-04-012023-03-3110929344dpl:AdministrativeExpenses2022-04-012023-03-3110929344core:LandBuildings2022-04-012023-03-3110929344core:PlantMachinery2022-04-012023-03-3110929344core:Vehicles2022-04-012023-03-3110929344core:FurnitureFittings2022-04-012023-03-3110929344core:OfficeEquipment2022-04-012023-03-3110929344core:NetGoodwill2022-04-012023-03-3110929344core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3110929344dpl:GroupUndertakings2022-04-012023-03-3110929344dpl:ParticipatingInterests2022-04-012023-03-3110929344dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3110929344core:ListedExchangeTraded2022-04-012023-03-3110929344dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3110929344core:UnlistedNon-exchangeTraded2022-04-012023-03-3110929344dpl:CostSales2021-04-012022-03-3110929344dpl:DistributionCosts2021-04-012022-03-3110929344dpl:AdministrativeExpenses2021-04-012022-03-3110929344core:LandBuildings2021-04-012022-03-3110929344core:PlantMachinery2021-04-012022-03-3110929344core:Vehicles2021-04-012022-03-3110929344core:FurnitureFittings2021-04-012022-03-3110929344core:OfficeEquipment2021-04-012022-03-3110929344core:NetGoodwill2021-04-012022-03-3110929344core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3110929344dpl:GroupUndertakings2021-04-012022-03-3110929344dpl:ParticipatingInterests2021-04-012022-03-3110929344dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3110929344core:ListedExchangeTraded2021-04-012022-03-3110929344dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3110929344core:UnlistedNon-exchangeTraded2021-04-012022-03-3110929344core:NetGoodwill2023-03-3110929344core:IntangibleAssetsOtherThanGoodwill2023-03-3110929344core:LandBuildings2023-03-3110929344core:PlantMachinery2023-03-3110929344core:Vehicles2023-03-3110929344core:FurnitureFittings2023-03-3110929344core:OfficeEquipment2023-03-3110929344core:AfterOneYear2023-03-3110929344core:WithinOneYear2023-03-3110929344core:ListedExchangeTraded2023-03-3110929344core:UnlistedNon-exchangeTraded2023-03-3110929344core:ShareCapital2023-03-3110929344core:SharePremium2023-03-3110929344core:RevaluationReserve2023-03-3110929344core:OtherReservesSubtotal2023-03-3110929344core:RetainedEarningsAccumulatedLosses2023-03-3110929344core:NetGoodwill2022-03-3110929344core:IntangibleAssetsOtherThanGoodwill2022-03-3110929344core:LandBuildings2022-03-3110929344core:PlantMachinery2022-03-3110929344core:Vehicles2022-03-3110929344core:FurnitureFittings2022-03-3110929344core:OfficeEquipment2022-03-3110929344core:AfterOneYear2022-03-3110929344core:WithinOneYear2022-03-3110929344core:ListedExch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Registered Number
10929344
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

Poochie Park Limited

Company Information
for the year from 1 April 2022 to 31 March 2023


Directors	Helena Bramma
	Anthony Felgate


Registered Address	Manor Garth Bishopdyke Road
	Sherburn In Elmet
	Leeds
	LS25 6HP


Registered Number	10929344 (England and Wales)

Poochie Park Limited

Statement of Financial Position
31 March 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	7		64,797		40,630
			64,797		40,630
Current assets
Stocks	8	38,350		22,880
Debtors	9	7,956		23,000
Cash at bank and on hand		15,237		4,841
		61,543		50,721
Creditors amounts falling due within one year	10	(95,063)		(73,786)
Net current assets (liabilities)			(33,520)		(23,065)
Total assets less current liabilities			31,277		17,565
Creditors amounts falling due after one year	11		(10,417)		(12,084)
Provisions for liabilities	12		(2,878)		-
Net assets			17,982		5,481
Capital and reserves
Called up share capital			100		100
Profit and loss account			17,882		5,381
Shareholders' funds			17,982		5,481

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 19 October 2023, and are signed on its behalf by:

Anthony Felgate
Director
Registered Company No. 10929344

Poochie Park Limited

Notes to the Financial Statements
for the year ended 31 March 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Principal activities
	The principal activity of the company is sale of raw foods and pet food together with field hire for pet exercise.

4.	Basis of measurement used in financial statements
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

5.	Accounting policies

	Turnover policy
	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 sale of goods and from the rendering of services.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	25	-
Vehicles	25	-
Office Equipment	-	4

	Stocks policy
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leases policy
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

6.	Employee information


		2023		2022
	Average number of employees during the year	2		2

7.	Property, plant and equipment

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 22	29,106	28,533	3,902	61,541
Additions	37,399	-	6,223	43,622
At 31 March 23	66,505	28,533	10,125	105,163
Depreciation and impairment
At 01 April 22	14,480	4,755	1,676	20,911
Charge for year	11,937	5,944	1,574	19,455
At 31 March 23	26,417	10,699	3,250	40,366
Net book value
At 31 March 23	40,088	17,834	6,875	64,797
At 31 March 22	14,626	23,778	2,226	40,630

8.	Stocks

	2023	2022
	£	£
Finished goods	38,350	22,880
Total	38,350	22,880

9.	Debtors

	2023	2022
	£	£
Trade debtors / trade receivables	892	698
Other debtors	1,010	18,983
Prepayments and accrued income	6,054	3,319
Total	7,956	23,000


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

10.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	49,164	29,829
Bank borrowings and overdrafts	1,667	1,667
Amounts owed to related parties	43,148	39,911
Taxation and social security	84	879
Accrued liabilities and deferred income	1,000	1,500
Total	95,063	73,786


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Included within Bank borrowings and overdrafts is a Government Bounce Back loan totalling £1,667 (2022 £1,667) which is denominated in sterling. The loan carries a nominal interest rate of 2.5%. The loan is repayable over 10 years with the final instalment due in June 2030. The overall carrying value of the loan as at the year-end is £12,084 (2022 £13,750).

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Included within Bank borrowings and overdrafts is a Government Bounce Back loan totalling £1,667 (2022 £1,667) which is denominated in sterling. The loan carries a nominal interest rate of 2.5%. The loan is repayable over 10 years with the final instalment due in June 2030.

The overall carrying value of the loan as at the year-end is £12,084 (2022 £13,750).

11.	Creditors after one year

	2023	2022
	£	£
Bank borrowings and overdrafts	10,417	12,084
Total	10,417	12,084


	Included within Bank borrowings and overdrafts is a Government Bounce Back loan totalling £10,417 (2022 £12,084) which is denominated in sterling. The loan carries a nominal interest rate of 2.5%. The loan is repayable over 10 years with the final instalment due in June 2030. The overall carrying value of the loan as at the year-end is £12,084 (2022 £13,750).

12.	Provisions for liabilities

	2023	2022
	£	£
Net deferred tax liability (asset)	2,878	-
Total	2,878	-