Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31true2022-02-01falseNo description of principal activity1111falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13368604 2022-02-01 2023-01-31 13368604 2021-02-01 2022-01-31 13368604 2023-01-31 13368604 2022-01-31 13368604 2021-02-01 13368604 c:Director1 2022-02-01 2023-01-31 13368604 c:Director2 2022-02-01 2023-01-31 13368604 c:Director3 2022-02-01 2023-01-31 13368604 c:Director4 2022-02-01 2023-01-31 13368604 c:Director5 2022-02-01 2023-01-31 13368604 c:RegisteredOffice 2022-02-01 2023-01-31 13368604 c:Agent1 2022-02-01 2023-01-31 13368604 d:Buildings d:LongLeaseholdAssets 2022-02-01 2023-01-31 13368604 d:Buildings d:LongLeaseholdAssets 2023-01-31 13368604 d:Buildings d:LongLeaseholdAssets 2022-01-31 13368604 d:PlantMachinery 2022-02-01 2023-01-31 13368604 d:PlantMachinery 2023-01-31 13368604 d:PlantMachinery 2022-01-31 13368604 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 13368604 d:FurnitureFittings 2022-02-01 2023-01-31 13368604 d:FurnitureFittings 2023-01-31 13368604 d:FurnitureFittings 2022-01-31 13368604 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 13368604 d:OfficeEquipment 2022-02-01 2023-01-31 13368604 d:OfficeEquipment 2023-01-31 13368604 d:OfficeEquipment 2022-01-31 13368604 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 13368604 d:OtherPropertyPlantEquipment 2022-02-01 2023-01-31 13368604 d:OtherPropertyPlantEquipment 2023-01-31 13368604 d:OtherPropertyPlantEquipment 2022-01-31 13368604 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 13368604 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 13368604 d:CurrentFinancialInstruments 2023-01-31 13368604 d:CurrentFinancialInstruments 2022-01-31 13368604 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13368604 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 13368604 d:ShareCapital 2023-01-31 13368604 d:ShareCapital 2021-02-01 2022-01-31 13368604 d:ShareCapital 2022-01-31 13368604 d:ShareCapital 2021-02-01 13368604 d:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 13368604 d:RetainedEarningsAccumulatedLosses 2023-01-31 13368604 d:RetainedEarningsAccumulatedLosses 2021-02-01 2022-01-31 13368604 d:RetainedEarningsAccumulatedLosses 2022-01-31 13368604 d:RetainedEarningsAccumulatedLosses 2021-02-01 13368604 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 13368604 d:AcceleratedTaxDepreciationDeferredTax 2022-01-31 13368604 d:TaxLossesCarry-forwardsDeferredTax 2023-01-31 13368604 d:TaxLossesCarry-forwardsDeferredTax 2022-01-31 13368604 d:RetirementBenefitObligationsDeferredTax 2023-01-31 13368604 d:RetirementBenefitObligationsDeferredTax 2022-01-31 13368604 c:OrdinaryShareClass1 2022-02-01 2023-01-31 13368604 c:OrdinaryShareClass1 2022-01-31 13368604 c:OrdinaryShareClass2 2022-02-01 2023-01-31 13368604 c:OrdinaryShareClass2 2023-01-31 13368604 c:OrdinaryShareClass3 2022-02-01 2023-01-31 13368604 c:OrdinaryShareClass3 2023-01-31 13368604 c:FRS102 2022-02-01 2023-01-31 13368604 c:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 13368604 c:FullAccounts 2022-02-01 2023-01-31 13368604 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 13368604 d:WithinOneYear 2023-01-31 13368604 d:WithinOneYear 2022-01-31 13368604 d:BetweenOneFiveYears 2023-01-31 13368604 d:BetweenOneFiveYears 2022-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13368604









BURFORD LANE VETERINARY CENTRE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
BURFORD LANE VETERINARY CENTRE LIMITED
 
 
COMPANY INFORMATION


Directors
S B Cleary 
S J Platt 
R C Thomas 
P De Villiers 
R Dean 




Registered number
13368604



Registered office
14 Westbrook Centre
Westbrook

Warrington

England

WA5 8UG




Accountants
Grant Thornton UK LLP
Chartered Accountants

Royal Liver Building

Liverpool

L3 1PS




Bankers
Barclays Bank Plc

Leicester

LE87 2BB





 
BURFORD LANE VETERINARY CENTRE LIMITED
 

CONTENTS



Page
Accountant's Report
1
Statement of Financial Position
2 - 3
Statement of Changes in Equity
4
Notes to the Financial Statements
5 - 12


  
  img5d27.png
Report to the directors on the preparation of the unaudited statutory financial statements of Burford Lane Veterinary Centre Limited for the year ended 31 January 2023

We have compiled the accompanying financial statements of Burford Lane Veterinary Centre Limited (the ‘company’)  based on the information you have provided. These financial statements comprise the Statement of Financial Position of Burford Lane Veterinary Centre Limited as at 31 January 2023, the Statement of Changes in Equity for the year then ended, and a summary of significant accounting policies and other explanatory information.  

We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised), 'Compilation Engagements'.

We have applied our expertise in accounting and financial reporting to assist you in the preparation and presentation of these financial statements in accordance with applicable law and United Kingdom Accounting Standardsincluding Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). As a member firm of the Institute of Chartered Accountants in England and Waleswe are subject to its ethical and other professional requirements which are detailed at www.icaew.com.

These financial statements and the accuracy and completeness of the information used to compile them are your responsibility.

Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether these financial statements are prepared in accordance with United Kingdom Generally Accepted Accounting Practice.

This report is made solely to the Company's directors, as a body,  in accordance with the terms of our engagement letter dated 20 February 2023Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the Company's directors, as a body,  in this report in accordance with our engagement letter dated 20 February 2023. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its directors, as a body,  for our work or for this report.




Grant Thornton UK LLP
 
Chartered Accountants
  
Liverpool

10 July 2023
Page 1

 
BURFORD LANE VETERINARY CENTRE LIMITED
REGISTERED NUMBER: 13368604

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
408,779
440,326

Current assets
  

Stocks
 5 
45,771
30,914

Debtors: amounts falling due within one year
 6 
120,178
83,989

Cash at bank and in hand
  
17,130
17,299

  
183,079
132,202

Creditors: amounts falling due within one year
 7 
(620,284)
(636,720)

Net current liabilities
  
 
 
(437,205)
 
 
(504,518)

Total assets less current liabilities
  
(28,426)
(64,192)

  

Net liabilities
  
(28,426)
(64,192)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(28,526)
(64,292)

  
(28,426)
(64,192)


Page 2

 
BURFORD LANE VETERINARY CENTRE LIMITED
REGISTERED NUMBER: 13368604
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S J Platt
Director

Date: 29 June 2023

The notes on pages 5 to 12 form part of these financial statements.

Page 3

 
BURFORD LANE VETERINARY CENTRE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 February 2021
-
-
-


Comprehensive income for the year

Loss for the year
-
(64,292)
(64,292)

Shares issued during the year
100
-
100



At 1 February 2022
100
(64,292)
(64,192)


Comprehensive income for the year

Profit for the year
-
35,766
35,766


At 31 January 2023
100
(28,526)
(28,426)


The notes on pages 5 to 12 form part of these financial statements.

Page 4

 
BURFORD LANE VETERINARY CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Burford Lane Veterinary Centre Limited is a private company limited by shares and is registered in England and Wales. The registered number is 13368604 and the registered office is 14 Westbrook Centre, Westbrook, Warrington, WA5 8UG. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company meets its funding requirements through a mixture of retained earnings and its cash at bank.
 
 The director's consider that the company has ample liquidity to continue in the business for at   least the next 12 months as a going concern.  
 The directors have reviewed the assets of the business and do not believe there to be any     impairments.

Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue consists of veterinary treatments and the sale and dispensing of veterinary medication.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
BURFORD LANE VETERINARY CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10 years
Veterinary Equipment
-
7 years
Fixtures and fittings
-
7 years
Office equipment and IT
-
5 years
Other fixed assets
-
7 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 6

 
BURFORD LANE VETERINARY CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 7

 
BURFORD LANE VETERINARY CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2022: 11).

Page 8

 
BURFORD LANE VETERINARY CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Tangible fixed assets





Long-term leasehold property
Veterinary Equipment
Fixtures and fittings
Office equipment and IT
Other fixed assets
Total

£
£
£
£
£
£



Cost or valuation


At 1 February 2022
340,645
83,075
12,384
16,897
1,002
454,003


Additions
10,197
8,030
2,600
113
409
21,349



At 31 January 2023

350,842
91,105
14,984
17,010
1,411
475,352



Depreciation


At 1 February 2022
11,210
1,888
334
200
45
13,677


Charge for the year
34,915
12,341
2,079
3,387
174
52,896



At 31 January 2023

46,125
14,229
2,413
3,587
219
66,573



Net book value



At 31 January 2023
304,717
76,876
12,571
13,423
1,192
408,779



At 31 January 2022
329,435
81,187
12,050
16,697
957
440,326


5.


Stocks

2023
2022
£
£

Raw materials and consumables
45,771
30,914


Page 9

 
BURFORD LANE VETERINARY CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

6.


Debtors

2023
2022
£
£


Trade debtors
64,620
37,609

Amounts owed by group undertakings
17,474
-

Other debtors
12,821
5,351

Unpaid share capital
-
100

Prepayments
3,357
8,216

Deferred taxation
21,906
32,713

120,178
83,989



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
35,012
27,047

Amounts owed to group undertakings
526,482
540,015

Other taxation and social security
43,950
8,491

Other creditors
913
39,119

Accruals and deferred income
13,927
22,048

620,284
636,720


Page 10

 
BURFORD LANE VETERINARY CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

8.


Deferred taxation




2023


£






At beginning of year
32,713


Charged to profit or loss
(10,807)



At end of year
21,906

The deferred tax asset is made up as follows:

2023
2022
£
£


Fixed asset timing differences
(18,048)
(25,858)

Short term timing differences
229
200

Tax losses carried forward
39,725
58,371

21,906
32,713


9.


Share capital

2023
2022
£
£
Allotted, called up and partly paid



Nil (2022: 100) Ordinary shares of £1.00 each
-
100
60 (2022: 0) Ordinary A shares of £1.00 each
60
-
40 (2022: 0) Ordinary B shares of £1.00 each
40
-

100

100

On 6 December 2022, 60 Ordinary £1 shares were reclassified as 60 Ordinary A £1 shares and 40 Ordinary £1 shares were reclassified as 40 Ordinary B £1 shares.



10.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,655 (2022: £1,638).
Included within other creditors at 31 January 2023 is £913 (2022: £800) relating to outstanding contributions to the scheme.

Page 11

 
BURFORD LANE VETERINARY CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

11.


Commitments under operating leases

At 31 January 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
42,000
-

Later than 1 year and not later than 5 years
94,500
-

136,500
-


12.


Related party transactions

As at 31 January 2023, included within amounts owed to group undertakings is £526,482 (2022: £540,015) due to Halls Totara Ltd. During the year, recharged expenses of £106,392 (2022: £60,966) and rent of £34,648 (2022: £Nil) was paid to Halls Totara Ltd. The companies are related as Halls Totara Ltd owns 60% of the shares of the company. 
Included within amounts owed by group undertakings is £8,418 (2022: £Nil) due from Sandymoor Veterinary Centre Limited and £9,056 (2022: £Nil) due from Westbrook Veterinary Centre Limited. Both entities are related through common control.
Included within other debtors is £12,811 (2022: £Nil) in relation to an overdrawn directors loan account.


13.


Controlling party

The company's immediate and ultimate parent undertaking is Halls Totara Ltd, a company incorporated in England and Wales. The registered office and principal place of business is 14 Westbrook Centre, Warrington, WA5 8UG. 

 
Page 12