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REGISTERED NUMBER: 12854938 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

AMITY VETERINARY CARE LTD

AMITY VETERINARY CARE LTD (REGISTERED NUMBER: 12854938)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMITY VETERINARY CARE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Dr L Foo





REGISTERED OFFICE: Brunel Court
Brunel Road
Newton Abbot
Devon
TQ12 4PB





REGISTERED NUMBER: 12854938 (England and Wales)





ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND

AMITY VETERINARY CARE LTD (REGISTERED NUMBER: 12854938)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,494 18,798

CURRENT ASSETS
Stocks 5 5,000 5,000
Debtors 6 45,511 60,156
Cash at bank and in hand 60,093 41,527
110,604 106,683
CREDITORS
Amounts falling due within one year 7 54,141 53,303
NET CURRENT ASSETS 56,463 53,380
TOTAL ASSETS LESS CURRENT LIABILITIES 83,957 72,178

CREDITORS
Amounts falling due after more than one
year

8

(7,256

)

-

PROVISIONS FOR LIABILITIES (2,711 ) (3,572 )
NET ASSETS 73,990 68,606

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 73,890 68,506
SHAREHOLDERS' FUNDS 73,990 68,606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AMITY VETERINARY CARE LTD (REGISTERED NUMBER: 12854938)

BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2024 and were signed by:





Dr L Foo - Director


AMITY VETERINARY CARE LTD (REGISTERED NUMBER: 12854938)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Amity Veterinary Care Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

AMITY VETERINARY CARE LTD (REGISTERED NUMBER: 12854938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 350 4,065 19,667 416 24,498
Additions 13,850 - - 2,641 16,491
At 31 October 2023 14,200 4,065 19,667 3,057 40,989
DEPRECIATION
At 1 November 2022 70 609 4,917 104 5,700
Charge for year 2,826 518 3,687 764 7,795
At 31 October 2023 2,896 1,127 8,604 868 13,495
NET BOOK VALUE
At 31 October 2023 11,304 2,938 11,063 2,189 27,494
At 31 October 2022 280 3,456 14,750 312 18,798

5. STOCKS
2023 2022
£    £   
Stocks 5,000 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,305 34,402
Other debtors 24,422 18,000
Directors' current accounts - 6,763
Prepayments 784 991
45,511 60,156

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,235 -
Trade creditors 6,717 10,735
Tax 15,977 24,224
Social security and other taxes 3,347 1,676
VAT 12,180 14,496
Other creditors 575 484
Directors' current accounts 6,293 -
Accrued expenses 1,817 1,688
54,141 53,303

AMITY VETERINARY CARE LTD (REGISTERED NUMBER: 12854938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 7,256 -

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Dr L Foo
Balance outstanding at start of year 6,763 (752 )
Amounts advanced 75,228 80,421
Amounts repaid (88,284 ) (72,906 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,293 ) 6,763

Loans are unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £66,000 (2022 - £55,000) were paid to the director .