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Registration number: 13025821

Belvoir Veterinary Centre Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 October 2023

 

Belvoir Veterinary Centre Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Belvoir Veterinary Centre Ltd

(Registration number: 13025821)
Abridged Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

238,401

239,249

Current assets

 

Stocks

27,279

18,718

Debtors

30,834

17,043

Cash at bank and in hand

 

342,977

204,264

 

401,090

240,025

Creditors: Amounts falling due within one year

(279,261)

(214,801)

Net current assets

 

121,829

25,224

Total assets less current liabilities

 

360,230

264,473

Creditors: Amounts falling due after more than one year

5

(61,767)

(151,656)

Provisions for liabilities

(33,493)

(32,525)

Net assets

 

264,970

80,292

Capital and reserves

 

Called up share capital

20

20

Profit and loss account

264,950

80,272

Total equity

 

264,970

80,292

 

Belvoir Veterinary Centre Ltd

(Registration number: 13025821)
Abridged Balance Sheet as at 31 October 2023

For the financial year ending 31 October 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.

Approved and authorised by the Board on 25 March 2024 and signed on its behalf by:
 

.........................................

Ms G Newbold

Director

.........................................

Mr C Bennett

Director

 

Belvoir Veterinary Centre Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2023

1

General information

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

The address of its registered office is:
11 Digby Drive
North Luffenham
Oakham
LE15 8JS

These financial statements were authorised for issue by the Board on 25 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.

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 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

6.66% straight line

Plant and machinery

25% reducing balance

Fixtures and fittings

25% reducing balance

 

Belvoir Veterinary Centre Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2022 - 8).

4

Tangible assets

Total
£

Cost or valuation

At 1 November 2022

281,161

Additions

40,046

At 31 October 2023

321,207

Depreciation

At 1 November 2022

41,910

Charge for the year

40,896

At 31 October 2023

82,806

Carrying amount

At 31 October 2023

238,401

At 31 October 2022

239,249

5

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £68,967.

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 £206,750 (2022 - £235,750).