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Registration number: 07084966

Green Pastures Veterinary Centre Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2023

 

Green Pastures Veterinary Centre Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Green Pastures Veterinary Centre Limited

(Registration number: 07084966)
Abridged Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

227,500

260,000

Tangible assets

5

299,319

413,156

 

526,819

673,156

Current assets

 

Stocks

116,828

134,644

Debtors

1,484,540

1,000,629

Cash at bank and in hand

 

179,886

269,963

 

1,781,254

1,405,236

Creditors: Amounts falling due within one year

(371,610)

(325,265)

Net current assets

 

1,409,644

1,079,971

Total assets less current liabilities

 

1,936,463

1,753,127

Creditors: Amounts falling due after more than one year

(23,334)

(33,334)

Provisions for liabilities

(27,014)

(30,961)

Net assets

 

1,886,115

1,688,832

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

1,886,114

1,688,831

Total equity

 

1,886,115

1,688,832

 

Green Pastures Veterinary Centre Limited

(Registration number: 07084966)
Abridged Balance Sheet as at 31 January 2023

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 13 September 2023
 

Mrs Kathy Barcham

Director

 

Green Pastures Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Green Pastures Vet Centre
Moor Lane
Worle
Weston Super Mare
Somerset
BS24 7LA

These financial statements were authorised for issue by the director on 13 September 2023.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Tax

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

The current 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 taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

Straight line over the life of the lease

Motor vehicles

25% Straight line

Fixtures and fittings

15% Straight line

 

Green Pastures Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2023

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% Straight line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 45 (2022 - 35).

 

Green Pastures Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2023

4

Intangible assets

Total
£

Cost or valuation

At 1 February 2022

682,500

At 31 January 2023

682,500

Amortisation

At 1 February 2022

422,500

Amortisation charge

32,500

At 31 January 2023

455,000

Carrying amount

At 31 January 2023

227,500

At 31 January 2022

260,000

5

Tangible assets

Total
£

Cost or valuation

At 1 February 2022

1,063,965

Additions

23,757

Disposals

(1,866)

At 31 January 2023

1,085,856

Depreciation

At 1 February 2022

650,809

Charge for the year

135,968

Eliminated on disposal

(240)

At 31 January 2023

786,537

Carrying amount

At 31 January 2023

299,319

At 31 January 2022

413,156

6

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £76,434 (2022 - £115,302).

 

Green Pastures Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2023

7

Related party transactions

Advances to directors


Mrs Kathy Barcham

During the period Mrs Kathy Barcham went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £58,905 (2022 - £516,973). At the year end the amount outstanding from Mrs Kathy Barcham was £296 (2022 - £22,698). Interest has been charged at the commercial rate.