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REGISTERED NUMBER: 05097345 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Borden Lane Vet Limited

Borden Lane Vet Limited (Registered number: 05097345)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Borden Lane Vet Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Miss H S Vendelbo





SECRETARY: Mrs L Deadman





REGISTERED OFFICE: 3 Borden Lane
Sittingbourne
Kent
ME10 1BT





REGISTERED NUMBER: 05097345 (England and Wales)





ACCOUNTANTS: Beverton & Co.
Chartered Accountants
Maybrook House
York Street
Dover
Kent
CT17 9FA

Borden Lane Vet Limited (Registered number: 05097345)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 143,682 143,682
Tangible assets 5 25,742 28,028
169,424 171,710

CURRENT ASSETS
Stocks 21,354 17,949
Debtors 6 14,723 14,948
Cash at bank and in hand 346,660 257,804
382,737 290,701
CREDITORS
Amounts falling due within one year 7 150,333 142,822
NET CURRENT ASSETS 232,404 147,879
TOTAL ASSETS LESS CURRENT
LIABILITIES

401,828

319,589

PROVISIONS FOR LIABILITIES 4,891 5,215
NET ASSETS 396,937 314,374

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 396,936 314,373
SHAREHOLDERS' FUNDS 396,937 314,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Borden Lane Vet Limited (Registered number: 05097345)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2023 and were signed by:





Miss H S Vendelbo - Director


Borden Lane Vet Limited (Registered number: 05097345)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Borden Lane Vet Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill arises on the acquisition of the practice in April 2004 from its previous owner together with associated costs.
Goodwill is assumed to have an indefinite life and therefore the accounts depart from the specific requirements of the Companies Act 1985 Schedule 4 paragraph 21 to amortise goodwill over a finite life in order to give a true and fair value. The departure is in compliance with FRS10 'Goodwill and intangible assets'.
Goodwill is subject to an annual impairment review and whenever events or changes in circumstances indicate that the carrying value may not be recoverable an impairment charge is reflected in the profit and loss account.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 10% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Borden Lane Vet Limited (Registered number: 05097345)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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 year 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
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 year was 17 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 143,682
NET BOOK VALUE
At 31 March 2023 143,682
At 31 March 2022 143,682

Borden Lane Vet Limited (Registered number: 05097345)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 192,238
Additions 8,979
At 31 March 2023 201,217
DEPRECIATION
At 1 April 2022 164,210
Charge for year 11,265
At 31 March 2023 175,475
NET BOOK VALUE
At 31 March 2023 25,742
At 31 March 2022 28,028

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 8,904 14,084
Other debtors 5,819 864
14,723 14,948

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Hire purchase contracts - 4,580
Trade creditors 55,198 57,269
Taxation and social security 87,468 72,152
Other creditors 7,667 8,821
150,333 142,822