Company No:
Contents
Note | 31.07.2023 | |
£ | ||
Fixed assets | ||
Tangible assets | 3 |
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41,273 | ||
Current assets | ||
Stocks | 4 |
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Debtors | 5 |
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Cash at bank and in hand |
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125,582 | ||
Creditors: amounts falling due within one year | 6 | (
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Net current assets | 13,901 | |
Total assets less current liabilities | 55,174 | |
Creditors: amounts falling due after more than one year | 7 | (
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Provision for liabilities | (
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Net assets |
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Capital and reserves | ||
Called-up share capital | 8 |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Vet3 Equine Care Ltd (registered number:
C Graham
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Vet3 Equine Care Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Carmel Worls, Park Road, Diss, IP22 4AS, United Kingdom.
The company was incorporated on 27 July 2022 and commenced trading on 30th September 2022
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Plant and machinery |
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Vehicles |
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Fixtures and fittings |
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Office equipment |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
Period from 27.07.2022 to 31.07.2023 |
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Number | |
Monthly average number of persons employed by the Company during the period, including directors |
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Plant and machinery | Vehicles | Fixtures and fittings | Office equipment | Total | |||||
£ | £ | £ | £ | £ | |||||
Cost | |||||||||
At 27 July 2022 |
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Additions |
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At 31 July 2023 |
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Accumulated depreciation | |||||||||
At 27 July 2022 |
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Charge for the financial period |
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At 31 July 2023 |
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Net book value | |||||||||
At 31 July 2023 |
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Leased assets included above: | |||||||||
Net book value | |||||||||
At 31 July 2023 | 0 | 23,275 | 0 | 0 | 23,275 |
31.07.2023 | |
£ | |
Stocks |
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31.07.2023 | |
£ | |
Trade debtors |
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Accrued income |
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31.07.2023 | |
£ | |
Trade creditors |
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Amounts owed to directors |
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Accruals |
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Taxation and social security |
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Obligations under finance leases and hire purchase contracts |
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Other creditors |
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31.07.2023 | |
£ | |
Obligations under finance leases and hire purchase contracts |
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31.07.2023 | |
£ | |
Allotted, called-up and fully-paid | |
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300 |