Petman Stores Limited Filleted accounts for Companies House (small and micro)
Petman Stores Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
05632624
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Statement of Financial Position |
2018 |
2017 |
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Note |
£ |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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-------- |
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Current assets
Stocks |
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Debtors |
7 |
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– |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net current liabilities |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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Net assets |
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-------- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
24 September 2018
, and are signed on behalf of the board by:
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Director |
Director |
Company registration number:
05632624
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Notes to the Financial Statements |
Year ended 28th February 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260/268 Chapel Street, Salford, Manchester, Lancashire, M3 5JZ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Goodwill
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Property |
- |
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Fixtures & Fittings |
- |
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Impairment of fixed assets
Stocks
Provisions
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2017:
5
).
5.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 1st March 2017 and 28th February 2018 |
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Amortisation |
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At 1st March 2017 |
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Charge for the year |
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At 28th February 2018 |
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Carrying amount |
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At 28th February 2018 |
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At 28th February 2017 |
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6.
Tangible assets
Land and buildings |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
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Cost |
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At 1st March 2017 and 28th February 2018 |
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Depreciation |
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At 1st March 2017 |
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Charge for the year |
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------- |
-------- |
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At 28th February 2018 |
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Carrying amount |
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At 28th February 2018 |
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At 28th February 2017 |
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7.
Debtors
2018 |
2017 |
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£ |
£ |
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Other debtors |
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– |
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8.
Creditors:
amounts falling due within one year
2018 |
2017 |
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£ |
£ |
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Social security and other taxes |
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Other creditors |
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9.
Directors' advances, credits and guarantees
At the year end the company owed £162,385 (2017: £165,101) to the directors. No interest has been charged to the company in respect of this which is repayable on demand and classified in creditors due within one year.
10.
Related party transactions
The company was under the control of
Mr S Powell
& Mrs L Powell
throughout the current and previous year. Mr & Mrs Powell are the managing director and majority shareholder.