New Hope Vets Limited 14166993 false 2022-06-13 2023-07-31 2023-07-31 The principal activity of the company is veterinary activities Digita Accounts Production Advanced 6.30.9574.0 true true 14166993 2022-06-13 2023-07-31 14166993 2023-07-31 14166993 core:RetainedEarningsAccumulatedLosses 2023-07-31 14166993 core:ShareCapital 2023-07-31 14166993 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 14166993 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 14166993 bus:SmallEntities 2022-06-13 2023-07-31 14166993 bus:AuditExemptWithAccountantsReport 2022-06-13 2023-07-31 14166993 bus:FullAccounts 2022-06-13 2023-07-31 14166993 bus:SmallCompaniesRegimeForAccounts 2022-06-13 2023-07-31 14166993 bus:RegisteredOffice 2022-06-13 2023-07-31 14166993 bus:Director1 2022-06-13 2023-07-31 14166993 bus:Director1 1 2022-06-13 2023-07-31 14166993 bus:Director2 2022-06-13 2023-07-31 14166993 bus:Director2 2 2022-06-13 2023-07-31 14166993 bus:PrivateLimitedCompanyLtd 2022-06-13 2023-07-31 14166993 core:Buildings 2022-06-13 2023-07-31 14166993 core:FurnitureFittings 2022-06-13 2023-07-31 14166993 core:OfficeEquipment 2022-06-13 2023-07-31 14166993 core:PlantMachinery 2022-06-13 2023-07-31 14166993 countries:AllCountries 2022-06-13 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 14166993

New Hope Vets Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 13 June 2022 to 31 July 2023

 

New Hope Vets Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

New Hope Vets Limited

(Registration number: 14166993)
Abridged Balance Sheet as at 31 July 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

173,862

Current assets

 

Stocks

14,359

Debtors

36,647

Cash at bank and in hand

 

48,763

 

99,769

Creditors: Amounts falling due within one year

(65,094)

Net current assets

 

34,675

Total assets less current liabilities

 

208,537

Creditors: Amounts falling due after more than one year

(290,335)

Net liabilities

 

(81,798)

Capital and reserves

 

Called up share capital

2

Profit and loss account

(81,800)

Total equity

 

(81,798)

 

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.

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 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 Board on 7 March 2024 and signed on its behalf by:
 

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

1

General information

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

The address of its registered office is:
Field Rd Health Centre
Field Road
Wallasey
Wirral
CH45 5BG
England

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 8.

4

Tangible assets

Total
£

Cost or valuation

Additions

211,860

At 31 July 2023

211,860

Depreciation

Charge for the period

37,998

At 31 July 2023

37,998

Carrying amount

At 31 July 2023

173,862

5

Related party transactions

Advances to directors


Mr A P Aitken

During the period Mr A P Aitken went overdrawn on their director's loan account. The maximum overdrawn balance during the period was £4,946. At the period end the amount outstanding from Mr A P Aitken was £4,946. No interest has been charged at the commercial rate.


Mrs L Aitken

During the period Mrs L Aitken went overdrawn on their director's loan account. The maximum overdrawn balance during the period was £4,946. At the period end the amount outstanding from Mrs L Aitken was £4,946. No interest has been charged at the commercial rate.