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Registration number: 11998900

Northwich Vets Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 June 2023

 

Northwich Vets Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Northwich Vets Limited

(Registration number: 11998900)
Abridged Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

201,600

214,200

Tangible assets

5

68,836

75,457

 

270,436

289,657

Current assets

 

Stocks

31,567

30,983

Debtors

100,326

92,070

Cash at bank and in hand

 

449,186

310,741

 

581,079

433,794

Creditors: Amounts falling due within one year

(400,005)

(388,177)

Net current assets

 

181,074

45,617

Total assets less current liabilities

 

451,510

335,274

Provisions for liabilities

(5,519)

(5,280)

Net assets

 

445,991

329,994

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

445,891

329,894

Total equity

 

445,991

329,994

 

Northwich Vets Limited

(Registration number: 11998900)
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 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 14 February 2024
 

Mr P Murphy

Director

 

Northwich Vets 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 England.

The address of its registered office is:
469 Manchester Road
Lostock Gralam
Northwich
CW9 7XG

These financial statements were authorised for issue by the director on 14 February 2024.

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 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

9.09% straight line

Fixtures and fittings

33% straight line

Plant and machinery

33% straight line

 

Northwich Vets Limited

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

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

5% straight line

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 year, was 28 (2022 - 27).

4

Intangible assets

Total
£

Cost or valuation

At 1 July 2022

252,000

At 30 June 2023

252,000

Amortisation

At 1 July 2022

37,800

Amortisation charge

12,600

At 30 June 2023

50,400

Carrying amount

At 30 June 2023

201,600

At 30 June 2022

214,200

5

Tangible assets

Total
£

Cost or valuation

At 1 July 2022

147,287

Additions

21,875

At 30 June 2023

169,162

Depreciation

At 1 July 2022

71,830

Charge for the year

28,496

At 30 June 2023

100,326

Carrying amount

At 30 June 2023

68,836

At 30 June 2022

75,457

 

Northwich Vets Limited

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

6

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £345,858 (2022 - £388,208).