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Registered number: 02653711
SCAMPERS PETCARE SUPERSTORE LIMITED
UNAUDITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
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SCAMPERS PETCARE SUPERSTORE LIMITED
REGISTERED NUMBER: 02653711
ABBREVIATED BALANCE SHEET
AS AT 31 OCTOBER 2015
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CREDITORS: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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PROVISIONS FOR LIABILITIES
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Capital redemption reserve
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Page 1
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SCAMPERS PETCARE SUPERSTORE LIMITED
ABBREVIATED BALANCE SHEET (continued)
AS AT 31 OCTOBER 2015
The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 October 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The abbreviated accounts, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 4 form part of these financial statements.
Page 2
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SCAMPERS PETCARE SUPERSTORE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover comprises revenue recognised by the company in respect pet food and requisites supplied and rent receivable during the year, exclusive of Value Added Tax and trade discounts. Turnover in respect of pet food and requisites is recognised when the customer collects the goods. Rent receivable is recognised in the period to which in relates.
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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Current asset investments represent short to medium term bank deposits stated at cost.
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Rentals under operating leases are charged to the Profit and Loss Account on a straight line basis over the lease term.
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Stocks 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.
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Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
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A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.
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Page 3
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SCAMPERS PETCARE SUPERSTORE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
1.ACCOUNTING POLICIES (continued)
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The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
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2.TANGIBLE FIXED ASSETS
3.SHARE CAPITAL
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Allotted, called up and fully paid
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45,790 Ordinary shares of £1 each
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4.DIRECTORS' BENEFITS: ADVANCES, CREDIT AND GUARANTEES
At 01 November 2014 the company owed Mr P M D Smart, a director of the company, £2,905. During the year he paid for expenses on the company's behalf totalling £21,406 and was reimbursed £20,182 in respect of these expenses. The company paid expenses on his behalf of £4,224. At 31 October 2015 Mr P M D Smart owed the company £95. This loan was interest free and was repaid the following month.
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