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Company Registration No. 7821383 (England and Wales)
Two Counties Vets Limited Unaudited accounts for the year ended 31 March 2023
Two Counties Vets Limited Unaudited accounts Contents
Page
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Two Counties Vets Limited Company Information for the year ended 31 March 2023
Directors
Dewi Jones Andrea Jones
Company Number
7821383 (England and Wales)
Registered Office
Two Counties Vets 24 Nostell Place Doncaster South Yorkshire DN4 7JA England
Accountants
Blue Cube Accountants Limited Britwell Grange Britwell Road Burnham SL1 8DF
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Two Counties Vets Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,119 
12,241 
Tangible assets
10,286 
14,576 
16,405 
26,817 
Current assets
Debtors
81,749 
73,439 
Cash at bank and in hand
58,639 
- 
140,388 
73,439 
Creditors: amounts falling due within one year
(148,881)
(94,385)
Net current liabilities
(8,493)
(20,946)
Total assets less current liabilities
7,912 
5,871 
Creditors: amounts falling due after more than one year
(3,850)
(5,050)
Net assets
4,062 
821 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
4,060 
819 
Shareholders' funds
4,062 
821 
For the year ending 31 March 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 21 November 2023 and were signed on its behalf by
Andrea Jones Director Company Registration No. 7821383
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Two Counties Vets Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Two Counties Vets Limited is a private company, limited by shares, registered in England and Wales, registration number 7821383. The registered office is Two Counties Vets, 24 Nostell Place , Doncaster, South Yorkshire, DN4 7JA, England.
2
Accounting policies
Basis of preparation
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Fixtures & fittings
10% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. The goodwill is being amortised evenly over 10 years.
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 taxation
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.
Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charge to the profit & loss account in the period to which they relate.
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Two Counties Vets Limited Notes to the Accounts for the year ended 31 March 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
3
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
61,217 
At 31 March 2023
61,217 
Amortisation
At 1 April 2022
48,976 
Charge for the year
6,122 
At 31 March 2023
55,098 
Net book value
At 31 March 2023
6,119 
At 31 March 2022
12,241 
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
54,473 
12,887 
67,360 
At 31 March 2023
54,473 
12,887 
67,360 
Depreciation
At 1 April 2022
42,304 
10,480 
52,784 
Charge for the year
3,001 
1,289 
4,290 
At 31 March 2023
45,305 
11,769 
57,074 
Net book value
At 31 March 2023
9,168 
1,118 
10,286 
At 31 March 2022
12,169 
2,407 
14,576 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,284 
- 
Other debtors
76,465 
73,439 
81,749 
73,439 
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Two Counties Vets Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
10,013 
VAT
27,794 
17,070 
Obligations under finance leases and hire purchase contracts
2,100 
3,000 
Trade creditors
62,262 
34,348 
Taxes and social security
54,350 
27,954 
Accruals
2,375 
2,000 
148,881 
94,385 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
3,850 
5,050 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Dewi Jones
Loan to Director
36,720 
- 
8,135 
28,585 
Andrea Jones
Loan to Director
36,719 
- 
8,134 
28,585 
73,439 
- 
16,269 
57,170 
The directors loans are repayable on demand and interest was charged at 2% per annum.
10
Average number of employees
During the year the average number of employees was 18 (2022: 17).
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