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Registration number: 06837861

Crumpets Veterinary Services Ltd

Unaudited Filleted Abridged Financial Statements

for the Period from 5 March 2022 to 31 March 2023

 

Crumpets Veterinary Services Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Crumpets Veterinary Services Ltd

Company Information

Directors

Mr Christopher Parratt

Mrs Lee-Ann Parratt

Registered office

23 Church Street
Rickmansworth
Hertfordshire
WD3 1DE

Accountants

Smith-Milne & Co. Limited
Chartered Certified Accountants
23 Church Street
Rickmansworth
Hertfordshire
WD3 1DE

 

Crumpets Veterinary Services Ltd

(Registration number: 06837861)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

27,780

23,398

Other financial assets

5

518,500

343,500

 

546,280

366,898

Current assets

 

Debtors

6

333,741

213,479

Cash at bank and in hand

 

534,474

243,353

 

868,215

456,832

Creditors: Amounts falling due within one year

(243,192)

(129,157)

Net current assets

 

625,023

327,675

Total assets less current liabilities

 

1,171,303

694,573

Accruals and deferred income

 

(7,200)

(6,906)

Net assets

 

1,164,103

687,667

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

1,164,101

687,665

Shareholders' funds

 

1,164,103

687,667

For the financial period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 November 2023 and signed on its behalf by:
 

 

Crumpets Veterinary Services Ltd

(Registration number: 06837861)
Abridged Balance Sheet as at 31 March 2023

.........................................
Mr Christopher Parratt
Director

 

Crumpets Veterinary Services Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 5 March 2022 to 31 March 2023

1

General information

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

The address of its registered office is:
23 Church Street
Rickmansworth
Hertfordshire
WD3 1DE
United Kingdom

The principal place of business is:
23 Church Street
Rickmansworth
Hertfordshire
WD3 1DE
United Kingdom

These financial statements were authorised for issue by the Board on 27 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

 

Crumpets Veterinary Services Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 5 March 2022 to 31 March 2023

The current income 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

Plant & Machinery

25% Straight Line

Furniture & Fittings

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Crumpets Veterinary Services Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 5 March 2022 to 31 March 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4 (2022 - 3).

 

Crumpets Veterinary Services Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 5 March 2022 to 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 5 March 2022

103,691

103,691

Additions

15,659

15,659

Disposals

(4,812)

(4,812)

At 31 March 2023

114,538

114,538

Depreciation

At 5 March 2022

80,293

80,293

Charge for the period

8,871

8,871

Eliminated on disposal

(2,406)

(2,406)

At 31 March 2023

86,758

86,758

Carrying amount

At 31 March 2023

27,780

27,780

At 4 March 2022

23,398

23,398

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 5 March 2022

-

343,500

343,500

Additions

175,000

-

175,000

At 31 March 2023

175,000

343,500

518,500

Impairment

Carrying amount

At 31 March 2023

175,000

343,500

518,500

6

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

 

Crumpets Veterinary Services Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 5 March 2022 to 31 March 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Share Capital of £1 each

2

2

2

2