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Registration number: 07517908

My Pet's Vets Leigh Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 1 June 2022 to 9 February 2023

 

My Pet's Vets Leigh Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 7

 

My Pet's Vets Leigh Ltd

(Registration number: 07517908)
Abridged Balance Sheet as at 9 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

324,070

359,189

Current assets

 

Stocks

5

93,857

144,823

Debtors

434,319

434,331

Cash at bank and in hand

 

1,423,763

1,127,279

 

1,951,939

1,706,433

Creditors: Amounts falling due within one year

6

(544,663)

(501,846)

Net current assets

 

1,407,276

1,204,587

Total assets less current liabilities

 

1,731,346

1,563,776

Creditors: Amounts falling due after more than one year

7

-

(5,014)

Provisions for liabilities

(28,346)

(31,141)

Net assets

 

1,703,000

1,527,621

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

1,702,998

1,527,619

Total equity

 

1,703,000

1,527,621

 

My Pet's Vets Leigh Ltd

(Registration number: 07517908)
Abridged Balance Sheet as at 9 February 2023

For the financial period ending 9 February 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 period in question in accordance with section 476; and

The directors acknowledge their 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 Board on 8 November 2023 and signed on its behalf by:
 


 


J Hendrickson

Director


 


A W Cassell-Ward

Director

 

My Pet's Vets Leigh Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 June 2022 to 9 February 2023

1

General information

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

The address of its registered office is:
Friars Gate
1011 Stratford Road
Shirley
West Midlands
B90 4BN
United Kingdom

These financial statements were authorised for issue by the Board on 8 November 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

My Pet's Vets Leigh Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 June 2022 to 9 February 2023

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

Freehold property

2% straight line

Short leasehold property

10% straight line

Fixtures and fittings

25% reducing balance

Office equipment

33% straight line

Motor vehicles

25% reducing balance

Plant and machinery

25% reducing balance

Goodwill

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 75 (2022 - 65).

 

My Pet's Vets Leigh Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 June 2022 to 9 February 2023

4

Tangible assets

Land and buildings
£

Short leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 June 2022

52,036

399,860

67,629

282,927

46,015

Additions

-

-

-

13,113

1,711

At 9 February 2023

52,036

399,860

67,629

296,040

47,726

Depreciation

At 1 June 2022

7,762

194,993

43,779

202,012

42,328

Charge for the period

724

27,826

4,149

14,837

2,129

At 9 February 2023

8,486

222,819

47,928

216,849

44,457

Carrying amount

At 9 February 2023

43,550

177,041

19,701

79,191

3,269

At 31 May 2022

47,274

201,867

23,850

80,913

3,686

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2022

3,795

852,262

Additions

-

14,824

At 9 February 2023

3,795

867,086

Depreciation

At 1 June 2022

2,198

493,072

Charge for the period

279

49,944

At 9 February 2023

2,477

543,016

Carrying amount

At 9 February 2023

1,318

324,070

At 31 May 2022

1,599

359,189

5

Stocks

2023
£

2022
£

Stock

93,857

144,823

6

Creditors: amounts falling due within one year

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £7,940 (2022 - £14,784).

 

My Pet's Vets Leigh Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 June 2022 to 9 February 2023

7

Creditors: amounts falling due after more than one year

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £Nil (2022 - £5,014).

 

My Pet's Vets Leigh Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 June 2022 to 9 February 2023

8

Related party transactions

Advances to directors


Mr T L Davies

During the period Mr T L Davies went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £160,661 (2022 - £123,109). At the year end the amount outstanding from Mr T L Davies was £106,898 (2022 - £120,913). Interest has been charged at the commercial rate.


Mrs C I Davies

During the period Mrs C I Davies went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £160,661 (2022 - £123,109). At the year end the amount outstanding from Mrs C I Davies was £106,898 (2022 - £120,913). Interest has been charged at the commercial rate.

9

Non adjusting events after the financial period

Up to 9 February 2023 the company was controlled by Caroline Davies and Thomas Davies.

Since 9 February 2023, the company is controlled 100% by Linnaeus Veterinary Limited, registered in England and Wales.