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Registration number: 10939788

Moorland Veterinary Centre Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2023

 

Moorland Veterinary Centre Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Moorland Veterinary Centre Limited

(Registration number: 10939788)
Abridged Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

23,100

24,750

Tangible assets

5

583,835

584,925

 

606,935

609,675

Current assets

 

Stocks

49,112

44,666

Debtors

260,667

238,756

Cash at bank and in hand

 

764,626

600,799

 

1,074,405

884,221

Creditors: Amounts falling due within one year

(384,578)

(347,645)

Net current assets

 

689,827

536,576

Total assets less current liabilities

 

1,296,762

1,146,251

Provisions for liabilities

(30,025)

(20,825)

Net assets

 

1,266,737

1,125,426

Capital and reserves

 

Called up share capital

300

300

Profit and loss account

1,266,437

1,125,126

Total equity

 

1,266,737

1,125,426

For the financial year ending 30 September 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 Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Moorland Veterinary Centre Limited

(Registration number: 10939788)
Abridged Balance Sheet as at 30 September 2023

Approved and authorised by the Board on 7 February 2024 and signed on its behalf by:
 

Mr S M Clancy

Director

Mr I S Elkington

Director

Mr C E Rushton

Director

Mr R J W Hughes

Director

Mr J Falder

Director

 

Moorland Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 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:
St Luke's House
Vicarage Road
Leek
Staffordshire
ST13 6AS

These financial statements were authorised for issue by the Board on 7 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.

 

Moorland Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 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

Land and buildings

2% Straight line

Fixtures and fittings

15% Reducing balance

Motor vehicles

25% Reducing balance

Plant and machinery

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

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 directors) during the year, was 39 (2022 - 38).

4

Intangible assets

Total
£

Cost or valuation

At 1 October 2022

33,000

At 30 September 2023

33,000

Amortisation

At 1 October 2022

8,250

Amortisation charge

1,650

At 30 September 2023

9,900

Carrying amount

At 30 September 2023

23,100

At 30 September 2022

24,750

 

Moorland Veterinary Centre Limited

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

5

Tangible assets

Total
£

Cost or valuation

At 1 October 2022

741,495

Additions

34,379

At 30 September 2023

775,874

Depreciation

At 1 October 2022

156,570

Charge for the year

35,469

At 30 September 2023

192,039

Carrying amount

At 30 September 2023

583,835

At 30 September 2022

584,925

6

Related party transactions

Advances to directors


Mr J Falder

During the period Mr J Falder went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £39,925 (2022 - £28,393). At the year end the amount outstanding from Mr J Falder was £Nil (2022 - £-). Interest has been charged at the commercial rate.


Mr I S Elkington

During the period Mr I S Elkington went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £89,750 (2022 - £63,616). At the year end the amount outstanding from Mr I S Elkington was £13,757 (2022 - £12,343). Interest has been charged at the commercial rate.


Mr C E Rushton

During the period Mr C E Rushton went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £76,455 (2022 - £Nil). At the year end the amount outstanding from Mr C E Rushton was £8,445 (2022 - £-). Interest has been charged at the commercial rate.


Mr R J W Hughes

During the period Mr R J W Hughes went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £21,757 (2022 - £Nil). At the year end the amount outstanding from Mr R J W Hughes was £Nil (2022 - £-). Interest has been charged at the commercial rate.

 

Moorland Veterinary Centre Limited

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


Mr S M Clancy

During the period Mr S M Clancy went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £36,468 (2022 - £Nil). At the year end the amount outstanding from Mr S M Clancy was £Nil (2022 - £-). Interest has been charged at the commercial rate.