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REGISTERED NUMBER: 07097933 (England and Wales)














Unaudited Financial Statements

for the Period 1 January 2022 to 27 February 2023

for

E C Straiton & Partners Limited

E C Straiton & Partners Limited (Registered number: 07097933)






Contents of the Financial Statements
for the Period 1 January 2022 to 27 February 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


E C Straiton & Partners Limited (Registered number: 07097933)

Balance Sheet
27 February 2023

2023 2021
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 243,120 263,356
Investment property 6 - 438,245
243,120 701,601

CURRENT ASSETS
Stocks 204,747 114,651
Debtors 7 1,395,487 1,140,955
Cash at bank and in hand 1,703,191 1,519,154
3,303,425 2,774,760
CREDITORS
Amounts falling due within one year 8 768,750 977,686
NET CURRENT ASSETS 2,534,675 1,797,074
TOTAL ASSETS LESS CURRENT LIABILITIES 2,777,795 2,498,675

PROVISIONS FOR LIABILITIES 34,775 39,938
NET ASSETS 2,743,020 2,458,737

CAPITAL AND RESERVES
Called up share capital 480 580
Capital redemption reserve 100 -
Retained earnings 2,742,440 2,458,157
SHAREHOLDERS' FUNDS 2,743,020 2,458,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

E C Straiton & Partners Limited (Registered number: 07097933)

Balance Sheet - continued
27 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:





M Stanworth - Director


E C Straiton & Partners Limited (Registered number: 07097933)

Notes to the Financial Statements
for the Period 1 January 2022 to 27 February 2023

1. STATUTORY INFORMATION

E C Straiton & Partners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07097933

Registered office: Spitfire House
Aviator Court
York
YO30 4UZ

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax, and is recognised as the company becomes entitled to consideration for those goods and services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

The useful economic life of goodwill has been reassessed during the year and has been reduced from twenty years to ten years. The directors' believe this is a more accurate reflection of the use of goodwill.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - Straight line over 20 years
Improvements to property - 10% straight line basis
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

Leasehold property is depreciated evenly over the life of the lease.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


E C Straiton & Partners Limited (Registered number: 07097933)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 27 February 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 55 (2021 - 54 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 27 February 2023 1,200,000
AMORTISATION
At 1 January 2022
and 27 February 2023 1,200,000
NET BOOK VALUE
At 27 February 2023 -
At 31 December 2021 -

E C Straiton & Partners Limited (Registered number: 07097933)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 27 February 2023

5. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 January 2022 152,076 15,400 396,878
Additions - - 47,356
Disposals - - -
At 27 February 2023 152,076 15,400 444,234
DEPRECIATION
At 1 January 2022 89,993 6,160 268,268
Charge for period 8,873 1,797 41,067
Eliminated on disposal - - -
At 27 February 2023 98,866 7,957 309,335
NET BOOK VALUE
At 27 February 2023 53,210 7,443 134,899
At 31 December 2021 62,083 9,240 128,610

Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2022 30,223 145,149 36,801 776,527
Additions 2,174 - 3,117 52,647
Disposals - (26,150 ) - (26,150 )
At 27 February 2023 32,397 118,999 39,918 803,024
DEPRECIATION
At 1 January 2022 17,483 107,279 23,988 513,171
Charge for period 3,481 9,849 3,712 68,779
Eliminated on disposal - (22,046 ) - (22,046 )
At 27 February 2023 20,964 95,082 27,700 559,904
NET BOOK VALUE
At 27 February 2023 11,433 23,917 12,218 243,120
At 31 December 2021 12,740 37,870 12,813 263,356

E C Straiton & Partners Limited (Registered number: 07097933)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 27 February 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2022
and 27 February 2023 9,500
DEPRECIATION
At 1 January 2022 3,420
Charge for period 1,419
At 27 February 2023 4,839
NET BOOK VALUE
At 27 February 2023 4,661
At 31 December 2021 6,080

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022 438,245
Disposals (438,245 )
At 27 February 2023 -
NET BOOK VALUE
At 27 February 2023 -
At 31 December 2021 438,245

The director's have valued the investment property as at 31.12.2021

7. DEBTORS
2023 2021
as restated
£    £   
Amounts falling due within one year:
Trade debtors 238,480 247,240
Amounts owed by group undertakings 1,059,357 -
Other debtors 97,470 893,535
1,395,307 1,140,775

Amounts falling due after more than one year:
Other debtors 180 180

Aggregate amounts 1,395,487 1,140,955

E C Straiton & Partners Limited (Registered number: 07097933)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 27 February 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
as restated
£    £   
Hire purchase contracts 5,541 8,355
Trade creditors 199,273 168,445
Taxation and social security 420,314 469,016
Other creditors 143,622 331,870
768,750 977,686

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2021
as restated
£    £   
Hire purchase contracts 5,541 8,355

Hire purchase liability is secured by the assets it relates too.

10. POST BALANCE SHEET EVENTS

On 27 February 2023 100% of the share capital was acquired by VetPartners Limited whose ultimate controlling parent undertaking was BC European X, a collection of Limited partnerships with no single controlling party.