Langport Veterinary Centre Limited 09545881 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is the provision of veterinary activities. Digita Accounts Production Advanced 6.30.9574.0 true true 09545881 2022-06-01 2023-05-31 09545881 2023-05-31 09545881 core:CapitalRedemptionReserve 2023-05-31 09545881 core:RetainedEarningsAccumulatedLosses 2023-05-31 09545881 core:ShareCapital 2023-05-31 09545881 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 09545881 bus:SmallEntities 2022-06-01 2023-05-31 09545881 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 09545881 bus:FullAccounts 2022-06-01 2023-05-31 09545881 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 09545881 bus:RegisteredOffice 2022-06-01 2023-05-31 09545881 bus:Director2 2022-06-01 2023-05-31 09545881 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 09545881 core:NetGoodwill 2022-06-01 2023-05-31 09545881 core:FurnitureFittingsToolsEquipment 2022-06-01 2023-05-31 09545881 core:LandBuildings 2022-06-01 2023-05-31 09545881 core:MotorVehicles 2022-06-01 2023-05-31 09545881 countries:England 2022-06-01 2023-05-31 09545881 2022-05-31 09545881 2021-06-01 2022-05-31 09545881 2022-05-31 09545881 core:CapitalRedemptionReserve 2022-05-31 09545881 core:RetainedEarningsAccumulatedLosses 2022-05-31 09545881 core:ShareCapital 2022-05-31 09545881 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 09545881

Langport Veterinary Centre Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 May 2023

 

Langport Veterinary Centre Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Langport Veterinary Centre Limited

(Registration number: 09545881)
Abridged Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

56,306

54,643

Current assets

 

Stocks

23,417

27,227

Debtors

94,906

99,598

Cash at bank and in hand

 

249,378

240,719

 

367,701

367,544

Creditors: Amounts falling due within one year

(129,033)

(190,126)

Net current assets

 

238,668

177,418

Total assets less current liabilities

 

294,974

232,061

Provisions for liabilities

(10,242)

(6,910)

Net assets

 

284,732

225,151

Capital and reserves

 

Called up share capital

50

50

Capital redemption reserve

50

50

Profit and loss account

284,632

225,051

Total equity

 

284,732

225,151

 

Langport Veterinary Centre Limited

(Registration number: 09545881)
Abridged Balance Sheet as at 31 May 2023

For the financial year ending 31 May 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 of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 12 December 2023
 

Mr J R Cosser

Director

 

Langport Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

1

General information

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

The address of its registered office is:
Regency House
Bow Street
Langport
Somerset
TA10 9PS

These financial statements were authorised for issue by the director on 12 December 2023.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Tax

The tax expense for the period comprises current and deferred 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.

The current 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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

Freehold property

2% straight line

Motor vehicles

25% reducing balance

 

Langport Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

Fixtures, fittings & equipment

15% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

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 the director) during the year, was 21 (2022 - 24).

4

Intangible assets

Total
£

Cost or valuation

At 1 June 2022

192,500

At 31 May 2023

192,500

Amortisation

At 1 June 2022

192,500

At 31 May 2023

192,500

Carrying amount

At 31 May 2023

-

 

Langport Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

5

Tangible assets

Total
£

Cost or valuation

At 1 June 2022

120,151

Additions

68,326

At 31 May 2023

188,477

Depreciation

At 1 June 2022

65,508

Charge for the year

66,663

At 31 May 2023

132,171

Carrying amount

At 31 May 2023

56,306

At 31 May 2022

54,643