NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 16 FEBRUARY 2023
St Annes Vets Limited is a private company limited by shares and is registered and incorporated in England and Wales. The address of its registered office and trading address is shown on the Company Information page.
The Company ceased trading on 14 August 2021 and was hived up into a fellow group company at this date.
2.Accounting policies
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The Company was dormant (within the meaning of Section 480 of the companies Act 2006) throughout the year. The Company has not traded during the year. During this period, the company received no income and incurred no expenditure and therefore made neither a profit nor a loss.
After reviewing the company’s forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements..
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or less in the year in which they are incurred.
|