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REGISTERED NUMBER: SC620985 (Scotland)















Newton-Jackson Veterinary Services Ltd

Financial Statements For The Year Ended 28 February 2023






Newton-Jackson Veterinary Services Ltd (Registered number: SC620985)






Contents of the Financial Statements
For The Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Newton-Jackson Veterinary Services Ltd

Company Information
For The Year Ended 28 February 2023







DIRECTOR: Mr Matthew Jack Newton-Jackson



REGISTERED OFFICE: 4 North Guildry Street
Elgin
Moray
IV30 1JR



REGISTERED NUMBER: SC620985 (Scotland)



ACCOUNTANTS: Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR



BANKERS: Virgin Money
Elgin Branch
151 High Street
Elgin
Moray
IV30 1DU

Newton-Jackson Veterinary Services Ltd (Registered number: SC620985)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 797

CURRENT ASSETS
Debtors 5 2,598 111
Cash at bank - 45
2,598 156
CREDITORS
Amounts falling due within one year 6 2,393 1,551
NET CURRENT ASSETS/(LIABILITIES) 205 (1,395 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

205

(598

)

PROVISIONS FOR LIABILITIES 7 - 151
NET ASSETS/(LIABILITIES) 205 (749 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 204 (750 )
SHAREHOLDERS' FUNDS 205 (749 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 28 August 2023 and were signed by:



Mr Matthew Jack Newton-Jackson - Director


Newton-Jackson Veterinary Services Ltd (Registered number: SC620985)

Notes to the Financial Statements
For The Year Ended 28 February 2023

1. STATUTORY INFORMATION

Newton-Jackson Veterinary Services Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Newton-Jackson Veterinary Services Ltd (Registered number: SC620985)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 March 2022 1,446
Disposals (1,446 )
At 28 February 2023 -
DEPRECIATION
At 1 March 2022 649
Eliminated on disposal (649 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 797

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 27 -
Other debtors 2,571 111
2,598 111

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors - 13
Taxation and social security 832 -
Other creditors 1,561 1,538
2,393 1,551

7. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax - 151

Deferred
tax
£   
Balance at 1 March 2022 151
Balance at 28 February 2023 151

Newton-Jackson Veterinary Services Ltd (Registered number: SC620985)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
1 Ordinary 1 1 1

9. RESERVES
Retained
earnings
£   

At 1 March 2022 (750 )
Profit for the year 3,454
Dividends (2,500 )
At 28 February 2023 204

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,500 were paid to the director .

At 28 February 2022 the company owed the director £1,088. During the year the director met expenditure on behalf of the company amounting to £6,374 and the company met expenditure on behalf of the director amounting to £9,895. At 28 February 2023 the director owed the company £2,433. This loan is interest free and has no fixed terms of repayment.