Pet Deli Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05372652

Pet Deli Limited

Unaudited Financial Statements

for the Year Ended 31 March 2018

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs Z Fovargue

REGISTERED OFFICE:

5A Brook Street

Ashby de la Zouch

Leicestershire

LE65 1HA

REGISTERED NUMBER:

05372652

ACCOUNTANTS:

Haines Watts

6 Charter Point Way

Ashby Business Park

Ashby De La Zouch

Leicestershire

LE65 1NF

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

1,225

2,450

1,225

2,450

CURRENT ASSETS

Stocks

7

18,228

16,428

Debtors

8

-

2,123

Cash at bank and in hand

4,053

1,125

22,281

19,676

CREDITORS

Amounts falling due within one year

9

60,135

58,080

NET CURRENT LIABILITIES

(37,854

)

(38,404

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(36,629

)

(35,954

)

CREDITORS

Amounts falling due after more than one year

10

(3,174

)

-

PROVISIONS FOR LIABILITIES

(221

)

-

NET LIABILITIES

(40,024

)

(35,954

)

CAPITAL AND RESERVES

Called up share capital

12

102

102

Retained earnings

13

(40,126

)

(36,056

)

SHAREHOLDERS' FUNDS

(40,024

)

(35,954

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 14 September 2018 and were signed by:

Mrs Z Fovargue - Director

1.	STATUTORY INFORMATION

Pet Deli Limited is a private company, limited by shares , registered in Not specified/Other. The company's

registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared under the going concern basis based on the continued support of the director.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgement,

estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from

other sources. The estimates and associated assumptions are based on historical experience and other factors

that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting

estimated are recognised in the period in which the estimate is revised where the revision affects only that

period, or in the period of revision and future periods where the revision affects both current and future periods.

Turnover

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

value added tax.

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

-

20% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

27,500

AMORTISATION

At 1 April 2017

and 31 March 2018

27,500

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2017

and 31 March 2018

2,000

2,022

4,900

598

9,520

DEPRECIATION

At 1 April 2017

2,000

2,022

2,450

598

7,070

Charge for year

-

-

1,225

-

1,225

At 31 March 2018

2,000

2,022

3,675

598

8,295

NET BOOK VALUE

At 31 March 2018

-

-

1,225

-

1,225

At 31 March 2017

-

-

2,450

-

2,450

7.

STOCKS

2018

2017

£

£

Stocks

18,228

16,428

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

-

2,123

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

1,826

1,200

Trade creditors

15,306

15,952

Taxation and social security

6,183

4,677

Other creditors

36,820

36,251

60,135

58,080

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

3,174

-

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

7,333

7,333

Between one and five years

14,667

22,000

22,000

29,333

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

102

Ordinary shares

1

102

102

13.

RESERVES

Retained

earnings

£

At 1 April 2017

(36,056

)

Deficit for the year

(4,070

)

At 31 March 2018

(40,126

)

14.	RELATED PARTY DISCLOSURES

During the year the director made loans to the company, these are interest free and repayable on demand. The

balance as at the year end was £27,124 (2017 - £27,698).