Company Registration No. 03090260 (England and Wales)
TAPSONS ANIMAL HEALTH LIMITED
Unaudited accounts
for the year ended 31 August 2023
TAPSONS ANIMAL HEALTH LIMITED
Statement of financial position
as at 31 August 2023
Tangible assets
47,710
60,580
Inventories
185,806
190,027
Cash at bank and in hand
496,400
421,495
Creditors: amounts falling due within one year
(150,974)
(120,519)
Net current assets
749,543
702,335
Total assets less current liabilities
797,253
762,915
Provisions for liabilities
Deferred tax
(11,510)
(11,510)
Net assets
785,743
751,405
Called up share capital
40,000
40,000
Profit and loss account
745,743
711,405
Shareholders' funds
785,743
751,405
For the year ending 31 August 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by
J O TAPPER
Director
Company Registration No. 03090260
TAPSONS ANIMAL HEALTH LIMITED
Notes to the Accounts
for the year ended 31 August 2023
TAPSONS ANIMAL HEALTH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03090260.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Evenly over 5 years
Motor vehicles
Evenly over 5 years
Contributions in respect of the company's defined contribution pension schemes are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
TAPSONS ANIMAL HEALTH LIMITED
Notes to the Accounts
for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2022
38,041
93,034
131,075
At 31 August 2023
38,041
93,034
131,075
At 1 September 2022
38,041
32,454
70,495
Charge for the year
-
12,870
12,870
At 31 August 2023
38,041
45,324
83,365
At 31 August 2023
-
47,710
47,710
At 31 August 2022
-
60,580
60,580
Amounts falling due within one year
Trade debtors
209,077
203,064
Accrued income and prepayments
9,234
8,268
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
124,017
111,026
Taxes and social security
24,666
7,160
Allotted, called up and fully paid:
40,000 Ordinary shares of £1 each
40,000
40,000
8
Transactions with related parties
The company pays rent to, and buys goods from, Tapsons Limited on normal commercial terms.
9
Average number of employees
During the year the average number of employees was 7 (2022: 7).