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Registration number: 07310306

Ash Tree Veterinary Centre Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 May 2023

 

Ash Tree Veterinary Centre Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Ash Tree Veterinary Centre Limited

(Registration number: 07310306)
Abridged Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

205,748

202,775

Current assets

 

Stocks

18,131

26,943

Debtors

32,383

27,676

Cash at bank and in hand

 

428,573

488,137

 

479,087

542,756

Creditors: Amounts falling due within one year

(322,433)

(606,410)

Net current assets/(liabilities)

 

156,654

(63,654)

Total assets less current liabilities

 

362,402

139,121

Provisions for liabilities

(37,674)

(29,019)

Net assets

 

324,728

110,102

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

324,726

110,100

Total equity

 

324,728

110,102

 

Ash Tree Veterinary Centre Limited

(Registration number: 07310306)
Abridged Balance Sheet as at 31 May 2023

For the financial year ending 31 May 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 November 2023 and signed on its behalf by:
 

Mr W M Besley

Director

Mrs P Tunstill

Director

 

Ash Tree Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

1

General information

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

The address of its registered office is:
6 Pilgrim Court
Kennett
Newmarket
Suffolk
CB8 8FA

These financial statements were authorised for issue by the Board on 14 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 directors have considered the financial position of the company in view of the results in the year ended 31 May 2022.

The company's ability to continue trading is reliant on P Tunstill and W Besley, all directors, continuing to support the company through their directors' loan accounts. All directors have agreed not to seek repayment of the amounts owed to them within 12 months of the date of the accounts where this would affect the company's ability to trade.

The directors have considered a period of 12 months from the date of approval of the financial statement and consider it appropriate to prepare the financial staements on the 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.

 

Ash Tree Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

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

Land and buildings

2% Straight line

Fixtures and fittings

15% Reducing balance

Plant and machinery

25% Reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 25 (2022 - 21).

4

Tangible assets

Total
£

Cost or valuation

At 1 June 2022

367,679

Additions

27,779

At 31 May 2023

395,458

Depreciation

At 1 June 2022

164,903

Charge for the year

24,807

At 31 May 2023

189,710

Carrying amount

At 31 May 2023

205,748

At 31 May 2022

202,775