The Woodbridge Vets Ltd 13236652 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is provision of veterinary activities. Digita Accounts Production Advanced 6.30.9574.0 true true 13236652 2022-05-01 2023-04-30 13236652 2023-04-30 13236652 core:RetainedEarningsAccumulatedLosses 2023-04-30 13236652 core:ShareCapital 2023-04-30 13236652 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 13236652 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 13236652 core:PlantMachinery 2023-04-30 13236652 bus:SmallEntities 2022-05-01 2023-04-30 13236652 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 13236652 bus:FullAccounts 2022-05-01 2023-04-30 13236652 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 13236652 bus:RegisteredOffice 2022-05-01 2023-04-30 13236652 bus:Director1 2022-05-01 2023-04-30 13236652 bus:Director2 2022-05-01 2023-04-30 13236652 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 13236652 core:PlantMachinery 2022-05-01 2023-04-30 13236652 countries:AllCountries 2022-05-01 2023-04-30 13236652 2022-04-30 13236652 core:PlantMachinery 2022-04-30 13236652 2021-03-01 2022-04-30 13236652 2022-04-30 13236652 core:RetainedEarningsAccumulatedLosses 2022-04-30 13236652 core:ShareCapital 2022-04-30 13236652 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 13236652 core:Non-currentFinancialInstruments core:AfterOneYear 2022-04-30 13236652 core:PlantMachinery 2022-04-30 iso4217:GBP xbrli:pure

Registration number: 13236652

The Woodbridge Vets Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2023

 

The Woodbridge Vets Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

The Woodbridge Vets Ltd

(Registration number: 13236652)
Abridged Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

187,375

61,909

Current assets

 

Stocks

5

23,261

15,000

Debtors

97,332

22,165

Cash at bank and in hand

 

317,329

52,532

 

437,922

89,697

Creditors: Amounts falling due within one year

(229,718)

(156,055)

Net current assets/(liabilities)

 

208,204

(66,358)

Total assets less current liabilities

 

395,579

(4,449)

Creditors: Amounts falling due after more than one year

6

(172,788)

-

Provisions for liabilities

(46,844)

5,004

Net assets

 

175,947

555

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

175,847

455

Total equity

 

175,947

555

 

The Woodbridge Vets Ltd

(Registration number: 13236652)
Abridged Balance Sheet as at 30 April 2023

For the financial 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 of its accounts for the year 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 14 August 2023 and signed on its behalf by:
 

Mr L R Barrow

Director

Mr K E Eadie

Director

 

The Woodbridge Vets Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 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:
19 Riduna Park Station Road
Melton
Woodbridge
Suffolk
IP12 1QT
England

These financial statements were authorised for issue by the Board on 14 August 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. Of the company's current liabilities an amount is owed to the directors, who have ageed to continue to support the company, and not demand repayment of this amount to the extent that any such repayment would jeopardise the future of the company.

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 income 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.

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

Plant and machinery

25% reducing balance

Stocks

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

 

The Woodbridge Vets Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2022 - 5).

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 May 2022

82,679

82,679

Additions

188,058

188,058

At 30 April 2023

270,737

270,737

Depreciation

At 1 May 2022

20,770

20,770

Charge for the year

62,592

62,592

At 30 April 2023

83,362

83,362

Carrying amount

At 30 April 2023

187,375

187,375

At 30 April 2022

61,909

61,909

5

Stocks

2023
£

2022
£

Stock

23,261

15,000

6

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and hire purchase contracts which are secured of £172,788 (2022 - £92,500).

Creditors include bank loans repayable by instalments of £32,500 (2022 - £42,500) due after more than five years.

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £17,352 (2022 - £Nil).