A.H.C (SW) LTD 07179758 false 2023-04-01 2023-10-31 2023-10-31 The principal activity of the company is the provision of veterinary services. Digita Accounts Production Advanced 6.30.9574.0 true 07179758 2023-04-01 2023-10-31 07179758 2023-10-31 07179758 core:RetainedEarningsAccumulatedLosses 2023-10-31 07179758 core:ShareCapital 2023-10-31 07179758 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 07179758 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 07179758 1 2023-10-31 07179758 bus:SmallEntities 2023-04-01 2023-10-31 07179758 bus:AuditExemptWithAccountantsReport 2023-04-01 2023-10-31 07179758 bus:FullAccounts 2023-04-01 2023-10-31 07179758 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2023-10-31 07179758 bus:RegisteredOffice 2023-04-01 2023-10-31 07179758 bus:Director1 2023-04-01 2023-10-31 07179758 bus:PrivateLimitedCompanyLtd 2023-04-01 2023-10-31 07179758 core:Goodwill 2023-04-01 2023-10-31 07179758 core:FurnitureFittingsToolsEquipment 2023-04-01 2023-10-31 07179758 core:LeaseholdImprovements 2023-04-01 2023-10-31 07179758 core:MotorVehicles 2023-04-01 2023-10-31 07179758 1 2023-04-01 2023-10-31 07179758 1 2023-04-01 2023-10-31 07179758 countries:AllCountries 2023-04-01 2023-10-31 07179758 1 2023-04-01 2023-10-31 07179758 2023-03-31 07179758 1 2023-03-31 07179758 2022-04-01 2023-03-31 07179758 2023-03-31 07179758 core:RetainedEarningsAccumulatedLosses 2023-03-31 07179758 core:ShareCapital 2023-03-31 07179758 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07179758 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 07179758 1 2023-03-31 07179758 1 2022-04-01 2023-03-31 07179758 1 2022-03-31 iso4217:GBP xbrli:pure

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Registration number: 07179758

A.H.C (SW) LTD

trading as Animal Health Centre

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 1 April 2023 to 31 October 2023

 

A.H.C (SW) LTD

trading as Animal Health Centre

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

A.H.C (SW) LTD

trading as Animal Health Centre

(Registration number: 07179758)
Abridged Balance Sheet as at 31 October 2023

Note

2023
£

2023
£

Fixed assets

 

Intangible assets

4

53,149

57,980

Tangible assets

5

26,990

32,387

 

80,139

90,367

Current assets

 

Stocks

6

12,680

12,300

Debtors

29,166

6,912

Cash at bank and in hand

 

70,512

47,995

 

112,358

67,207

Creditors: Amounts falling due within one year

7

(88,565)

(75,386)

Net current assets/(liabilities)

 

23,793

(8,179)

Total assets less current liabilities

 

103,932

82,188

Creditors: Amounts falling due after more than one year

8

-

(25,802)

Provisions for liabilities

(6,052)

(5,687)

Net assets

 

97,880

50,699

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

97,878

50,697

Total equity

 

97,880

50,699

 

A.H.C (SW) LTD

trading as Animal Health Centre

(Registration number: 07179758)
Abridged Balance Sheet as at 31 October 2023

For the financial period ending 31 October 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 period 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 Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 13 February 2024
 

B F Borms

Director

 

A.H.C (SW) LTD

trading as Animal Health Centre

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 31 October 2023

1

General information

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

The address of its registered office is:
First Floor
Hyde
38 Clarendon Road
Watford
WD17 1HZ
England

These financial statements were authorised for issue by the director on 13 February 2024.

2

Accounting policies

Statement of compliance

These financial statements have been 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.

Disclosure of long or short period

The accounting period being reported run from 1 April 2023 to 31 October 2023, this is due to the company being sold to Medivet Group Limited on this date. The comparable amounts are therefore not entirely comparable.

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.

 

A.H.C (SW) LTD

trading as Animal Health Centre

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 31 October 2023

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

Leasehold improvements

25% straight line

Motor vehicles

25% straight line

Fixtures, fittings and equipment

25% straight line

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

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

Over 20 years

Stocks

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 10 (2023 - 10).

 

A.H.C (SW) LTD

trading as Animal Health Centre

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 31 October 2023

4

Intangible assets

Total
£

Cost or valuation

At 1 April 2023

165,648

At 31 October 2023

165,648

Amortisation

At 1 April 2023

107,668

Amortisation charge

4,831

At 31 October 2023

112,499

Carrying amount

At 31 October 2023

53,149

At 31 March 2023

57,980

5

Tangible assets

Total
£

Cost or valuation

At 1 April 2023

369,657

Additions

5,935

Disposals

(1,600)

At 31 October 2023

373,992

Depreciation

At 1 April 2023

337,270

Charge for the period

10,132

Eliminated on disposal

(400)

At 31 October 2023

347,002

Carrying amount

At 31 October 2023

26,990

At 31 March 2023

32,387

6

Stocks

2023
£

2023
£

Stock

12,680

12,300

 

A.H.C (SW) LTD

trading as Animal Health Centre

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 31 October 2023

7

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £Nil (2023 - £10,000).

8

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £Nil (2022 - £25,802).

9

Related party transactions

2023

At 1 April 2023
£

Advances to directors
£

Repayments by director
£

At 31 October 2023
£

Directors' advances and credits - repayable on demand and interest charged at HMRC's rate

(910)

51,037

(40,910)

9,217

         
       

 

2023

At 1 April 2022
£

Advances to directors
£

Repayments by director
£

At 31 March 2023
£

Directors' advances and credits - repayable on demand and interest charged at HMRC's rate

9,114

119,311

(129,335)

(910)

         
       

 

10

Non adjusting events after the financial period

Up to 31 October 2023 the company was controlled by Mr P Brimacombe and Miss M Miller

On 1 November 2023, Medivet Group Limited, a limited company incorporated in England and Wales, acquired all the issued shares of the Company. Medivet Group Limited is the Company’s immediate parent and controlling party.

The Company’s ultimate parent and controlling party is CVC Capital Partners VIII (A) L.P., a limited partnership incorporated in Jersey. CVC Capital Partners VIII (A) L.P. has no controlling party.