Registration number:
New Hope Vets Limited
for the Period from 13 June 2022 to 31 July 2023
New Hope Vets Limited
Contents
Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
New Hope Vets Limited
(Registration number: 14166993)
Abridged Balance Sheet as at 31 July 2023
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2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
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Total equity |
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New Hope Vets Limited
(Registration number: 14166993)
Abridged Balance Sheet as at 31 July 2023
For the financial period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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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.
Approved and authorised by the
Mr A P Aitken
Director
Mrs L Aitken
Director
New Hope Vets Limited
Notes to the Unaudited Abridged Financial Statements for the Period from 13 June 2022 to 31 July 2023
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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 initial loss-making period was planned for and was fully covered by the company's long-term, flexible financing arrangements. There was strong month-on-month growth during the first four months of operation to 31 July 2023. The company's directors expect the company to achieve sustained profitability before the end of the next financial 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.
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 |
10% straight line |
Plant & machinery |
25% straight line |
New Hope Vets Limited
Notes to the Unaudited Abridged Financial Statements for the Period from 13 June 2022 to 31 July 2023
Office equipment |
25% reducing balance |
Fixtures & fittings |
25% straight line |
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Tangible assets |
Total |
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Cost or valuation |
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Additions |
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At 31 July 2023 |
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Depreciation |
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Charge for the period |
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At 31 July 2023 |
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Carrying amount |
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At 31 July 2023 |
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Related party transactions |
Advances to directors |
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