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Godiva Veterinary Clinic Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 November 2023

 

Godiva Veterinary Clinic Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Godiva Veterinary Clinic Ltd

(Registration number: 07721506)
Abridged Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

249,600

277,333

Tangible assets

5

562,477

574,244

 

812,077

851,577

Current assets

 

Stocks

6

67,885

57,146

Debtors

735,887

338,366

Cash at bank and in hand

 

345,038

428,483

 

1,148,810

823,995

Creditors: Amounts falling due within one year

7

(242,363)

(290,597)

Net current assets

 

906,447

533,398

Total assets less current liabilities

 

1,718,524

1,384,975

Provisions for liabilities

(43,117)

(43,737)

Net assets

 

1,675,407

1,341,238

Capital and reserves

 

Called up share capital

120

120

Profit and loss account

1,675,287

1,341,118

Total equity

 

1,675,407

1,341,238

 

Godiva Veterinary Clinic Ltd

(Registration number: 07721506)
Abridged Balance Sheet as at 30 November 2023

For the financial year ending 30 November 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 director acknowledges his 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 Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 11 April 2024
 

Mr C Day

Director

 

Godiva Veterinary Clinic Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 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:
207 Daventry Road
Cheylesmore
Coventry
West Midlands
CV3 5HH

These financial statements were authorised for issue by the director on 11 April 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 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.

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

Freehold land and buildings

2% Straight line

Fixtures and fittings

15% Reducing balance

Motor vehicles

25% Reducing balance

 

Godiva Veterinary Clinic Ltd

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

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

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 the director) during the year, was 22 (2022 - 20).

 

Godiva Veterinary Clinic Ltd

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

4

Intangible assets

Total
£

Cost or valuation

At 1 December 2022

554,670

At 30 November 2023

554,670

Amortisation

At 1 December 2022

277,337

Amortisation charge

27,733

At 30 November 2023

305,070

Carrying amount

At 30 November 2023

249,600

At 30 November 2022

277,333

5

Tangible assets

Total
£

Cost or valuation

At 1 December 2022

752,996

Additions

25,841

Disposals

(7,979)

At 30 November 2023

770,858

Depreciation

At 1 December 2022

178,752

Charge for the year

30,254

Eliminated on disposal

(625)

At 30 November 2023

208,381

Carrying amount

At 30 November 2023

562,477

At 30 November 2022

574,244

6

Stocks

2023
£

2022
£

Stock

67,885

57,146

7

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £27,500 (2020 - £24,269).

 

Godiva Veterinary Clinic Ltd

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

8

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 £29,214 (2020 - £48,397).