THE GEORGE GROUP LIMITED

Company Registration Number:
09555573 (England and Wales)

Unaudited statutory accounts for the year ended 29 June 2023

Period of accounts

Start date: 1 July 2022

End date: 29 June 2023

THE GEORGE GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 29 June 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

THE GEORGE GROUP LIMITED

Directors' report period ended 29 June 2023

The directors present their report with the financial statements of the company for the period ended 29 June 2023

Principal activities of the company

provision of veterinary services



Directors

The directors shown below have held office during the whole of the period from
1 July 2022 to 29 June 2023

Francis John Baird
Linda Susan Belton
Michael Owen Hollywood
Richard Beresford Pearson
Cyril Patrick Hayes
Ann Margaret Davies
Thomas Alexander Oxtoby
Miles Edward Southwell Russell
Laura Anne Warren Sharpe
Gethin Lloyd Roberts
Alexandrea Jane Thomsett
Charles Maxwell Cory
Beatrice Flora Yates
Chris James Warren


Secretary Miles Edward Southwell Russell

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
12 February 2024

And signed on behalf of the board by:
Name: Linda Susan Belton
Status: Director

THE GEORGE GROUP LIMITED

Profit And Loss Account

for the Period Ended 29 June 2023

2023 2022


£

£
Turnover: 11,615,335 10,883,531
Cost of sales: ( 4,174,591 ) ( 4,070,220 )
Gross profit(or loss): 7,440,744 6,813,311
Distribution costs: 0 0
Administrative expenses: ( 4,845,998 ) ( 4,269,406 )
Other operating income: 60,622 19,316
Operating profit(or loss): 2,655,368 2,563,221
Interest payable and similar charges: ( 17,287 ) ( 4,004 )
Profit(or loss) before tax: 2,638,081 2,559,217
Tax: ( 546,440 ) ( 492,779 )
Profit(or loss) for the financial year: 2,091,641 2,066,438

THE GEORGE GROUP LIMITED

Balance sheet

As at 29 June 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 463,640 502,444
Tangible assets: 4 2,593,313 2,482,350
Investments: 5 622,431
Total fixed assets: 3,679,384 2,984,794
Current assets
Stocks: 6 349,973 290,047
Debtors: 7 1,455,157 1,560,045
Cash at bank and in hand: 6,059 4,686
Total current assets: 1,811,189 1,854,778
Prepayments and accrued income: 184,313 174,448
Creditors: amounts falling due within one year: 8 ( 1,598,197 ) ( 1,452,476 )
Net current assets (liabilities): 397,305 576,750
Total assets less current liabilities: 4,076,689 3,561,544
Creditors: amounts falling due after more than one year: 9 ( 520,790 )
Provision for liabilities: ( 65,763 ) ( 55,547 )
Accruals and deferred income: ( 77,974 ) ( 70,987 )
Total net assets (liabilities): 3,412,162 3,435,010
Capital and reserves
Called up share capital: 560 560
Other reserves: 760,065 760,065
Profit and loss account: 2,651,537 2,674,385
Total Shareholders' funds: 3,412,162 3,435,010

The notes form part of these financial statements

THE GEORGE GROUP LIMITED

Balance sheet statements

For the year ending 29 June 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 12 February 2024
and signed on behalf of the board by:

Name: Linda Susan Belton
Status: Director

The notes form part of these financial statements

THE GEORGE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provisionof services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax,returns, rebates and discounts and after eliminating sales within the company. The company recognises revenuewhen the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to theentity and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:Asset class Depreciation method and rateFreehold land and buildings 0% of costPlant and machinery 15% of costMotor vehicles 25% of written down valueOffice equipment 33.3% of costProperty improvements Over the length of the leaseFreehold property is not depreciated. The company has a regular policy of maintenance and repair on its freeholdproperties. The directors annually review the carrying value of the freehold properties. The directors consider thisappropriate on the basis that the residual value of the properties are not materially different to their carrying valueand therefore depreciation would be immaterial.

    Intangible fixed assets amortisation policy

    Intangible assetsGoodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over thecompany’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entityrecognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequentlymeasured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in thecurrency of the acquired entity and revalued to the closing rate at each reporting period date.

    Valuation information and policy

    Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost isdetermined using the first-in, first-out (FIFO) method

THE GEORGE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 114 113

THE GEORGE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 July 2022 770,219 770,219
Additions
Disposals
Revaluations
Transfers
At 29 June 2023 770,219 770,219
Amortisation
At 1 July 2022 267,775 267,775
Charge for year 38,804 38,804
On disposals
Other adjustments
At 29 June 2023 306,579 306,579
Net book value
At 29 June 2023 463,640 463,640
At 30 June 2022 502,444 502,444

THE GEORGE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2022 2,107,358 843,739 320,217 3,271,314
Additions 68,387 137,977 92,155 298,519
Disposals ( 5,673 ) ( 79,753 ) ( 85,426 )
Revaluations
Transfers
At 29 June 2023 2,175,745 976,043 332,619 3,484,407
Depreciation
At 1 July 2022 20,045 602,581 166,338 788,964
Charge for year 17,176 96,385 53,309 166,870
On disposals ( 4,164 ) ( 60,576 ) ( 64,740 )
Other adjustments
At 29 June 2023 37,221 694,802 159,071 891,094
Net book value
At 29 June 2023 2,138,524 281,241 173,548 2,593,313
At 30 June 2022 2,087,313 241,158 153,879 2,482,350

THE GEORGE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

5. Fixed assets investments note

Investments in jointly controlled entities

THE GEORGE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

6. Stocks

2023 2022
£ £
Stocks 349,973 290,047
Total 349,973 290,047

THE GEORGE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

7. Debtors

2023 2022
£ £
Trade debtors 1,260,537 1,292,256
Prepayments and accrued income 0 0
Other debtors 194,620 267,789
Total 1,455,157 1,560,045

THE GEORGE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

8. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 227,890 120,825
Trade creditors 678,490 713,870
Taxation and social security 641,032 556,071
Other creditors 50,785 61,710
Total 1,598,197 1,452,476

THE GEORGE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

9. Creditors: amounts falling due after more than one year note

2023
£
Bank loans and overdrafts 520,790
Total 520,790