St James Veterinary Group Limited 11204367 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is the provision of veterinary services. Digita Accounts Production Advanced 6.30.9574.0 true 11204367 2022-07-01 2023-06-30 11204367 2023-06-30 11204367 core:RetainedEarningsAccumulatedLosses 2023-06-30 11204367 core:ShareCapital 2023-06-30 11204367 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 11204367 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 11204367 core:MoreThanFiveYears 1 2023-06-30 11204367 1 2023-06-30 11204367 bus:SmallEntities 2022-07-01 2023-06-30 11204367 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 11204367 bus:FullAccounts 2022-07-01 2023-06-30 11204367 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 11204367 bus:RegisteredOffice 2022-07-01 2023-06-30 11204367 bus:Director1 2022-07-01 2023-06-30 11204367 bus:Director2 2022-07-01 2023-06-30 11204367 bus:Director3 2022-07-01 2023-06-30 11204367 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11204367 core:Goodwill 2022-07-01 2023-06-30 11204367 core:LeaseholdImprovements 2022-07-01 2023-06-30 11204367 core:MotorVehicles 2022-07-01 2023-06-30 11204367 core:PlantMachinery 2022-07-01 2023-06-30 11204367 1 2022-07-01 2023-06-30 11204367 2 2022-07-01 2023-06-30 11204367 countries:Wales 2022-07-01 2023-06-30 11204367 2022-06-30 11204367 2021-07-01 2022-06-30 11204367 2022-06-30 11204367 core:RetainedEarningsAccumulatedLosses 2022-06-30 11204367 core:ShareCapital 2022-06-30 11204367 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 11204367 core:Non-currentFinancialInstruments core:AfterOneYear 2022-06-30 11204367 core:MoreThanFiveYears 1 2022-06-30 11204367 1 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 11204367

St James Veterinary Group Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 June 2023

 

St James Veterinary Group Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

St James Veterinary Group Limited

(Registration number: 11204367)
Abridged Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

1,318,415

1,700,981

Tangible assets

5

525,760

433,520

 

1,844,175

2,134,501

Current assets

 

Stocks

6

193,131

164,839

Debtors

726,625

1,109,056

Cash at bank and in hand

 

1,591,418

843,265

 

2,511,174

2,117,160

Creditors: Amounts falling due within one year

(1,716,542)

(1,829,694)

Net current assets

 

794,632

287,466

Total assets less current liabilities

 

2,638,807

2,421,967

Creditors: Amounts falling due after more than one year

7

(812,207)

(1,091,406)

Provisions for liabilities

(74,785)

(59,157)

Net assets

 

1,751,815

1,271,404

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

1,751,715

1,271,304

Total equity

 

1,751,815

1,271,404

 

St James Veterinary Group Limited

(Registration number: 11204367)
Abridged Balance Sheet as at 30 June 2023

For the financial year ending 30 June 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 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.

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 Board on 16 November 2023 and signed on its behalf by:
 

Mr G Jones

Director

Mr G Field

Director

Mr DS Steele

Director

 

St James Veterinary Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

1

General information

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

The address of its registered office is:
Parkway Surgery
253 Gower Road
Sketty
Swansea
West Glamorgan
SA2 9JL

These financial statements were authorised for issue by the Board on 16 November 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.

Disposal of large animal and equine business.
During the year St James Veterinary Group Limited ceased running its large animal and equine business. The turnover generated by those businesses during the current year was £237,702 (2022 - £328,960).

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 income 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

Leasehold improvements

Across the term of the lease

Motor vehicles

25% reducing balance method

Plant and machinery

15% reducing balance method

 

St James Veterinary Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

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

10% straight line method

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 directors) during the year, was 156 (2022 - 152).

4

Intangible assets

Total
£

Cost or valuation

At 1 July 2022

2,915,964

Disposals

(155,945)

At 30 June 2023

2,760,019

Amortisation

At 1 July 2022

1,214,983

Amortisation charge

291,598

Amortisation eliminated on disposals

(64,977)

At 30 June 2023

1,441,604

Carrying amount

At 30 June 2023

1,318,415

At 30 June 2022

1,700,981

 

St James Veterinary Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

5

Tangible assets

Total
£

Cost or valuation

At 1 July 2022

543,208

Additions

143,834

Disposals

(4,948)

At 30 June 2023

682,094

Depreciation

At 1 July 2022

109,688

Charge for the year

50,115

Eliminated on disposal

(3,469)

At 30 June 2023

156,334

Carrying amount

At 30 June 2023

525,760

At 30 June 2022

433,520

6

Stocks

2023
£

2022
£

Stock

193,131

164,839

7

Creditors: amounts falling due after more than one year

Bank borrowings

Secured bank loans have a carrying amount at year end of £936,529 (2022 - £1,253,910).

Security is given by way of fixed and floating charge.

2023
£

2022
£

After more than five years by instalments

314,915

495,554