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Registered number: 06844760
AIS VETS LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
Prepared By:
McMillan Rose & Co Ltd
Chartered Certified Accountants
Haltgate House
52A Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NH
AIS VETS LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
DIRECTORS
A Sumner
P Sumner
REGISTERED OFFICE
Great Hayes Business Park
Stow Maries
Chelmsford
Essex
CM3 6SQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06844760
ACCOUNTANTS
McMillan Rose & Co Ltd
Chartered Certified Accountants
Haltgate House
52A Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NH
AIS VETS LIMITED
ACCOUNTS
FOR THEYEARENDED31 MARCH 2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
AIS VETS LIMITED
BALANCE SHEET AT 31 March 2023
20232022
Notes££
FIXED ASSETS
Tangible assets315,01112,990
CURRENT ASSETS
Stock18,44024,720
Debtors53,38414,027
Cash at bank and in hand165,649123,071
187,473161,818
CREDITORS: Amounts falling due within one year670,32457,503
NET CURRENT ASSETS117,149104,315
TOTAL ASSETS LESS CURRENT LIABILITIES132,160117,305
CREDITORS: Amounts falling due after more than one year744,80046,000
PROVISIONS FOR LIABILITIES AND CHARGES81,398529
NET ASSETS85,96270,776
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account85,86270,676
SHAREHOLDERS' FUNDS85,96270,776
For the year ending 31 March 2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 18 October 2023 and signed on their behalf by
.............................
P Sumner
Director
.............................
A Sumner
Director
AIS VETS LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
AIS VETS LIMITED
1f. Leasing Commitments
Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the term of the lease.
Assets held under finance leases, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and are depreciated over their useful lives The capital element of future obligations under the lease is included as a liability in the balance sheet The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Incentives received to enter into a lease agreement are recognised in the profit and loss account over the shorter of the lease term and the period to the next lease review.
2. EMPLOYEES
20232022
No.No.
Average number of employees810
3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 1 April 202263,30280,861144,163
Additions-7,0467,046
Disposals-(800)(800)
At 31 March 202363,30287,107150,409
Depreciation
At 1 April 202263,30267,871131,173
Disposals-(779)(779)
For the year-5,0045,004
At 31 March 202363,30272,096135,398
Net Book Amounts
At 31 March 2023-15,01115,011
At 31 March 2022-12,99012,990
4. STOCK 20232022
££
Stock comprises:
Stock of finished goods18,44024,720
18,44024,720
AIS VETS LIMITED
5. DEBTORS 20232022
££
Amounts falling due within one year:
Trade debtors1,71712,217
Other debtors1,6671,810
3,38414,027
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Trade creditors16,7033,520
Taxation and social security47,06847,650
Other creditors6,5536,333
70,32457,503
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Other creditors44,80046,000
44,80046,000
Included within creditors due after more than one year are:
Amounts falling due after more than five years
- repayable otherwise than by installments38,80041,200
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation1,398529
1,398529
AIS VETS LIMITED
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
10. OTHER FINANCIAL COMMITMENTS
At 31 March 2023 the company was committed to making the following payments under non-cancellable operating leases:
20232022
££
Operating leases1,6131,859