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REGISTERED NUMBER: 10356492 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

OAKLANDS ANIMAL HEALTH LTD

OAKLANDS ANIMAL HEALTH LTD (REGISTERED NUMBER: 10356492)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OAKLANDS ANIMAL HEALTH LTD

COMPANY INFORMATION
for the Year Ended 31 December 2022







DIRECTORS: Mr D L Mitson
Mrs V L Mitson





REGISTERED OFFICE: 4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE





REGISTERED NUMBER: 10356492 (England and Wales)





ACCOUNTANTS: Kings Chartered Accountants
4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE

OAKLANDS ANIMAL HEALTH LTD (REGISTERED NUMBER: 10356492)

BALANCE SHEET
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 820,224 881,018

CURRENT ASSETS
Stocks 5 289,790 289,790
Debtors 6 43,372 47,541
Cash at bank 13,324 28,610
346,486 365,941
CREDITORS
Amounts falling due within one year 7 863,384 1,015,183
NET CURRENT LIABILITIES (516,898 ) (649,242 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

303,326

231,776

CREDITORS
Amounts falling due after more than one year 8 (15,613 ) (19,569 )

PROVISIONS FOR LIABILITIES 10 (101,055 ) (102,177 )
NET ASSETS 186,658 110,030

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 186,558 109,930
SHAREHOLDERS' FUNDS 186,658 110,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

OAKLANDS ANIMAL HEALTH LTD (REGISTERED NUMBER: 10356492)

BALANCE SHEET - continued
31 December 2022


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 29 September 2023 and were signed on its behalf by:





Mr D L Mitson - Director


OAKLANDS ANIMAL HEALTH LTD (REGISTERED NUMBER: 10356492)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Oaklands Animal Health 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

OAKLANDS ANIMAL HEALTH LTD (REGISTERED NUMBER: 10356492)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.


OAKLANDS ANIMAL HEALTH LTD (REGISTERED NUMBER: 10356492)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2021 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2022 658,842 449,935 4,771 18,998 1,132,546
Additions - 5,952 - - 5,952
At 31 December 2022 658,842 455,887 4,771 18,998 1,138,498
DEPRECIATION
At 1 January 2022 117,097 114,874 2,926 16,631 251,528
Charge for year 30,999 33,605 461 1,681 66,746
At 31 December 2022 148,096 148,479 3,387 18,312 318,274
NET BOOK VALUE
At 31 December 2022 510,746 307,408 1,384 686 820,224
At 31 December 2021 541,745 335,061 1,845 2,367 881,018

5. STOCKS
31.12.22 31.12.21
£    £   
Stocks 39,790 39,790
Work-in-progress 250,000 250,000
289,790 289,790

OAKLANDS ANIMAL HEALTH LTD (REGISTERED NUMBER: 10356492)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors - 2,075
Other debtors 4,500 4,500
Tax 27,216 27,216
Prepayments 11,656 13,750
43,372 47,541

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 78,783 147,304
Amounts owed to group undertakings 678,240 808,254
Amounts owed to related parties 806 806
Social security and other taxes 9,931 11,525
Value added tax 90,122 38,512
Other creditors 1,384 1,402
Accruals - 3,100
Deferred government grants 4,118 4,280
863,384 1,015,183

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Deferred government grants 15,613 19,569

9. SECURED DEBTS

At 31 December 2022 the assets of the company were subject to a registered debenture that forms security for loans in the parent undertaking.

10. PROVISIONS FOR LIABILITIES
31.12.22 31.12.21
£    £   
Deferred tax
Accelerated capital allowances 101,055 102,177

Deferred
tax
£   
Balance at 1 January 2022 102,177
Credit to Statement of Income and Retained Earnings during year (1,122 )
Balance at 31 December 2022 101,055

OAKLANDS ANIMAL HEALTH LTD (REGISTERED NUMBER: 10356492)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
100 Ordinary £1 100 100

12. ULTIMATE CONTROLLING PARTY

The controlling party is HLM Group Ltd.

This company is limited by shares and registered in England and Wales. The company's registered address is 4 Grovelands, Boundary Way, Hemel Hempstead, Hertfordshire, England, HP2 7TE.