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
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
VETS 1 GROUP LIMITED
Statement of financial position
as at 30 April 2023
Intangible assets
9,856
14,065
Tangible assets
299,897
346,824
Cash at bank and in hand
141,536
99,026
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
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
VETS 1 GROUP LIMITED
Notes to the Accounts
for the year ended 30 April 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Computer equipment
25% RBM
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
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
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
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
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
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
51,237
48,164
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
Loans from directors
(7,638)
1,416
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
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).