1 May 2022 false No description of principal activity Taxfiler 2023.9 08484839business:PrivateLimitedCompanyLtd2022-05-012023-04-30 084848392022-04-30 084848392022-05-012023-04-30 08484839business:AuditExemptWithAccountantsReport2022-05-012023-04-30 08484839business:FilletedAccounts2022-05-012023-04-30 084848392023-04-30 08484839business:Director12022-05-012023-04-30 08484839business:Director22022-05-012023-04-30 08484839business:Director42022-05-012023-04-30 08484839business:Director52022-05-012023-04-30 08484839business:CompanySecretary12022-05-012023-04-30 08484839business:RegisteredOffice2022-05-012023-04-30 084848392022-04-30 08484839core:WithinOneYear2023-04-30 08484839core:WithinOneYear2022-04-30 08484839core:AfterOneYear2023-04-30 08484839core:AfterOneYear2022-04-30 08484839core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 08484839core:ShareCapitalcore:PreviouslyStatedAmount2022-04-30 08484839core:SharePremiumcore:PreviouslyStatedAmount2023-04-30 08484839core:SharePremiumcore:PreviouslyStatedAmount2022-04-30 08484839core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 08484839core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-04-30 08484839core:PreviouslyStatedAmount2023-04-30 08484839core:PreviouslyStatedAmount2022-04-30 08484839business:SmallEntities2022-05-012023-04-30 08484839countries:EnglandWales2022-05-012023-04-30 08484839core:LandBuildings2022-05-012023-04-30 08484839core:PlantMachinery2022-05-012023-04-30 08484839core:MotorVehicles2022-05-012023-04-30 08484839core:ComputerEquipment2022-05-012023-04-30 08484839core:IntangibleAssetsOtherThanGoodwill2022-04-30 08484839core:IntangibleAssetsOtherThanGoodwill2022-05-012023-04-30 08484839core:IntangibleAssetsOtherThanGoodwill2023-04-30 08484839core:LandBuildings2022-04-30 08484839core:PlantMachinery2022-04-30 08484839core:MotorVehicles2022-04-30 08484839core:ComputerEquipment2022-04-30 08484839core:LandBuildings2023-04-30 08484839core:PlantMachinery2023-04-30 08484839core:MotorVehicles2023-04-30 08484839core:ComputerEquipment2023-04-30 084848392021-05-012022-04-30 iso4217:GBP xbrli:pure
Company Registration No. 08484839 (England and Wales)
VETS 1 GROUP LIMITED Unaudited accounts for the year ended 30 April 2023
VETS 1 GROUP LIMITED Unaudited accounts Contents
Page
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VETS 1 GROUP LIMITED Company Information for the year ended 30 April 2023
Directors
Mrs Katharine Power Mr Darryl Hazelhurst-Jeavons Mr Simon Power Miss Jessica Hubble
Secretary
Mrs Katharine Power
Company Number
08484839 (England and Wales)
Registered Office
HOME FARM BARNS DOWNHAM ROAD CRIMPLESHAM KING'S LYNN PE33 9DU ENGLAND
Accountants
Azoth Solutions Ltd Jonathan Scott Hall Thorpe Road Norwich Norfolk NR1 1UH
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VETS 1 GROUP LIMITED Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
9,856 
14,065 
Tangible assets
299,897 
346,824 
309,753 
360,889 
Current assets
Inventories
69,462 
80,456 
Debtors
203,542 
681,817 
Cash at bank and in hand
141,536 
99,026 
414,540 
861,299 
Creditors: amounts falling due within one year
(83,623)
(443,512)
Net current assets
330,917 
417,787 
Total assets less current liabilities
640,670 
778,676 
Creditors: amounts falling due after more than one year
(371,343)
(449,888)
Provisions for liabilities
Deferred tax
(20,279)
(30,102)
Net assets
249,048 
298,686 
Capital and reserves
Called up share capital
1,134 
1,134 
Share premium
32,981 
32,981 
Profit and loss account
214,933 
264,571 
Shareholders' funds
249,048 
298,686 
For the year ending 30 April 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by
Mr Darryl Hazelhurst-Jeavons Director Company Registration No. 08484839
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VETS 1 GROUP LIMITED Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
VETS 1 GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08484839. The registered office is HOME FARM BARNS DOWNHAM ROAD, CRIMPLESHAM, KING'S LYNN, PE33 9DU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4years SLM
Plant & machinery
25% RBM
Motor vehicles
25% RBM
Computer equipment
25% RBM
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is charged at 5 years Straight line method.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2022
23,443 
Additions
480 
At 30 April 2023
23,923 
Amortisation
At 1 May 2022
9,378 
Charge for the year
4,689 
At 30 April 2023
14,067 
Net book value
At 30 April 2023
9,856 
At 30 April 2022
14,065 
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VETS 1 GROUP LIMITED Notes to the Accounts for the year ended 30 April 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2022
241,967 
531,028 
13,995 
56,718 
843,708 
Additions
- 
1,337 
- 
1,861 
3,198 
At 30 April 2023
241,967 
532,365 
13,995 
58,579 
846,906 
Depreciation
At 1 May 2022
52,704 
396,571 
12,127 
35,482 
496,884 
Charge for the year
9,679 
34,217 
467 
5,762 
50,125 
At 30 April 2023
62,383 
430,788 
12,594 
41,244 
547,009 
Net book value
At 30 April 2023
179,584 
101,577 
1,401 
17,335 
299,897 
At 30 April 2022
189,263 
134,457 
1,868 
21,236 
346,824 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,780 
112,248 
Amounts due from group undertakings etc.
- 
425,197 
Accrued income and prepayments
64,720 
69,687 
Other debtors
114,562 
71,368 
201,062 
678,500 
Amounts falling due after more than one year
Other debtors
2,480 
3,317 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
51,237 
48,164 
VAT
92,774 
94,059 
Obligations under finance leases and hire purchase contracts
27,285 
32,571 
Trade creditors
225,883 
145,990 
Amounts owed to group undertakings and other participating interests
(432,987)
2,473 
Taxes and social security
79,598 
64,592 
Other creditors
378 
3,232 
Loans from directors
(7,638)
1,416 
Accruals
47,093 
51,015 
83,623 
443,512 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
371,343 
422,601 
Obligations under finance leases and hire purchase contracts
- 
27,287 
371,343 
449,888 
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VETS 1 GROUP LIMITED Notes to the Accounts for the year ended 30 April 2023
9
Average number of employees
During the year the average number of employees was 50 (2022: 50).
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