Animal Fayre (2000) Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03805393 (England and Wales)

Financial Statements for the Year Ended 31 July 2017

for

Animal Fayre (2000) Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D C C Brunt

REGISTERED OFFICE:

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

REGISTERED NUMBER:

03805393 (England and Wales)

ACCOUNTANTS:

Philip T. Chave & Co

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

FIXED ASSETS

Tangible assets

4

16,569

16,492

CURRENT ASSETS

Stocks

64,862

70,853

Debtors

4,088

8,077

Cash at bank and in hand

403

7,364

69,353

86,294

CREDITORS

Amounts falling due within one year

205,241

196,245

NET CURRENT LIABILITIES

(135,888

)

(109,951

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(119,319

)

(93,459

)

CAPITAL AND RESERVES

Called up share capital

5

75,100

75,100

Retained earnings

6

(194,419

)

(168,559

)

SHAREHOLDERS' FUNDS

(119,319

)

(93,459

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 19 March 2018 and were signed by:

D C C Brunt - Director

1.	STATUTORY INFORMATION

Animal Fayre (2000) Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements for the year ended 31st July 2017 have been prepared on a going concern basis. In making this

going- concern assessment, all information about the foreseeable future (limited to a period of not less than one year from

the date of approval of these financial statements) has been taken into account. In addition the company is relying on the

support of the director.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

10% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2016

93,660

Additions

3,275

At 31 July 2017

96,935

DEPRECIATION

At 1 August 2016

77,168

Charge for year

3,198

At 31 July 2017

80,366

NET BOOK VALUE

At 31 July 2017

16,569

At 31 July 2016

16,492

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.17

31.7.16

value:

£

£

75,100

Ordinary

£1

75,100

75,100

6.

RESERVES

Retained

earnings

£

At 1 August 2016

(168,559

)

Deficit for the year

(25,860

)

At 31 July 2017

(194,419

)

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D C C Brunt.

9.

SECURITY

A mortgage debenture is in place by National Westminster Bank plc in which security is placed on equitable charge over all

freehold and leasehold properties and/or the proceeds of sale thereof, fixed and floating charges over the undertaking and

all property and assets present and future including goodwill, book debts and the benefit of any licences.

The freehold property secured by the bank is held by the Director personally.

There is also a personal guarantee by the Director on the bank overdraft for £21,373.