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REGISTERED NUMBER: 07800454 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

BREDY VETERINARY CENTRE LIMITED

BREDY VETERINARY CENTRE LIMITED (REGISTERED NUMBER: 07800454)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BREDY VETERINARY CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: J M Diment
C E Millard
J F O'Mahony





REGISTERED OFFICE: Windover House
St. Ann Street
Salisbury
SP1 2DR





REGISTERED NUMBER: 07800454 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

BREDY VETERINARY CENTRE LIMITED (REGISTERED NUMBER: 07800454)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 145,000 160,000
Tangible assets 5 739,671 746,972
Investments 6 2,000 2,000
886,671 908,972

CURRENT ASSETS
Stocks 52,649 50,384
Debtors 7 100,247 116,014
Cash at bank and in hand 727,776 569,759
880,672 736,157
CREDITORS
Amounts falling due within one year 8 342,897 319,037
NET CURRENT ASSETS 537,775 417,120
TOTAL ASSETS LESS CURRENT LIABILITIES 1,424,446 1,326,092

CREDITORS
Amounts falling due after more than one
year

9

(1,008,454

)

(883,960

)

PROVISIONS FOR LIABILITIES (24,671 ) (20,395 )
NET ASSETS 391,321 421,737

CAPITAL AND RESERVES
Called up share capital 10 150 150
Capital redemption reserve 50 50
Retained earnings 391,121 421,537
SHAREHOLDERS' FUNDS 391,321 421,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BREDY VETERINARY CENTRE LIMITED (REGISTERED NUMBER: 07800454)

BALANCE SHEET - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2022 and were signed on its behalf by:





C E Millard - Director


BREDY VETERINARY CENTRE LIMITED (REGISTERED NUMBER: 07800454)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

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

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

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 Statement of Income and Retained Earnings, 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.

BREDY VETERINARY CENTRE LIMITED (REGISTERED NUMBER: 07800454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued

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.

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Investments
Investments held as fixed assets are stated at cost less provision for any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2020 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 300,000
AMORTISATION
At 1 January 2021 140,000
Charge for year 15,000
At 31 December 2021 155,000
NET BOOK VALUE
At 31 December 2021 145,000
At 31 December 2020 160,000

BREDY VETERINARY CENTRE LIMITED (REGISTERED NUMBER: 07800454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2021 312,000 688,556 1,000,556
Additions - 20,407 20,407
At 31 December 2021 312,000 708,963 1,020,963
DEPRECIATION
At 1 January 2021 49,920 203,664 253,584
Charge for year 6,240 21,468 27,708
At 31 December 2021 56,160 225,132 281,292
NET BOOK VALUE
At 31 December 2021 255,840 483,831 739,671
At 31 December 2020 262,080 484,892 746,972

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2021
and 31 December 2021 2,000
NET BOOK VALUE
At 31 December 2021 2,000
At 31 December 2020 2,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 84,177 89,889
Other debtors 16,070 26,125
100,247 116,014

BREDY VETERINARY CENTRE LIMITED (REGISTERED NUMBER: 07800454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 21,705 20,954
Trade creditors 82,870 56,273
Taxation and social security 150,515 143,342
Other creditors 87,807 98,468
342,897 319,037

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 231,992 251,252
Other creditors 776,462 632,708
1,008,454 883,960

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
50 Ordinary C £1 50 50
150 150

Each type of share capital has one vote per share and is entitled to receive dividends separately from other classes of shares. There are equal rights to participate in a distribution or winding up and all share are non-redeemable.

11. RELATED PARTY DISCLOSURES

At the year end £806,462 (2020 - £685,735) was due to the directors.