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REGISTERED NUMBER: 07800454 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BREDY VETERINARY CENTRE LIMITED

BREDY VETERINARY CENTRE LIMITED (REGISTERED NUMBER: 07800454)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BREDY VETERINARY CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J M Diment
C E Millard
J F O'Mahony





REGISTERED OFFICE: Windover House
St. Ann Street
Salisbury
SP1 2DR





REGISTERED NUMBER: 07800454 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

BREDY VETERINARY CENTRE LIMITED (REGISTERED NUMBER: 07800454)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 115,000 130,000
Tangible assets 5 698,011 721,950
Investments 6 2,000 2,000
815,011 853,950

CURRENT ASSETS
Stocks 55,829 46,236
Debtors 7 107,041 102,944
Cash at bank and in hand 713,524 648,427
876,394 797,607
CREDITORS
Amounts falling due within one year 8 350,197 283,583
NET CURRENT ASSETS 526,197 514,024
TOTAL ASSETS LESS CURRENT LIABILITIES 1,341,208 1,367,974

CREDITORS
Amounts falling due after more than one
year

9

(729,620

)

(872,079

)

PROVISIONS FOR LIABILITIES (30,240 ) (24,032 )
NET ASSETS 581,348 471,863

CAPITAL AND RESERVES
Called up share capital 10 150 150
Capital redemption reserve 50 50
Retained earnings 581,148 471,663
SHAREHOLDERS' FUNDS 581,348 471,863

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

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

The directors acknowledge their 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.

BREDY VETERINARY CENTRE LIMITED (REGISTERED NUMBER: 07800454)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:





C E Millard - Director


BREDY VETERINARY CENTRE LIMITED (REGISTERED NUMBER: 07800454)

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


1. STATUTORY INFORMATION

Bredy Veterinary Centre Limited 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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

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.

BREDY VETERINARY CENTRE LIMITED (REGISTERED NUMBER: 07800454)

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


2. ACCOUNTING POLICIES - continued

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.

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.

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Investments
Investments held as fixed assets are stated at cost less provision for any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 300,000
AMORTISATION
At 1 January 2023 170,000
Charge for year 15,000
At 31 December 2023 185,000
NET BOOK VALUE
At 31 December 2023 115,000
At 31 December 2022 130,000

BREDY VETERINARY CENTRE LIMITED (REGISTERED NUMBER: 07800454)

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


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 312,000 719,915 1,031,915
Additions - 4,504 4,504
At 31 December 2023 312,000 724,419 1,036,419
DEPRECIATION
At 1 January 2023 62,400 247,565 309,965
Charge for year 6,240 22,203 28,443
At 31 December 2023 68,640 269,768 338,408
NET BOOK VALUE
At 31 December 2023 243,360 454,651 698,011
At 31 December 2022 249,600 472,350 721,950

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 2,000
NET BOOK VALUE
At 31 December 2023 2,000
At 31 December 2022 2,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 82,244 79,293
Other debtors 24,797 23,651
107,041 102,944

BREDY VETERINARY CENTRE LIMITED (REGISTERED NUMBER: 07800454)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 26,874 21,012
Trade creditors 58,125 69,934
Taxation and social security 155,173 112,823
Other creditors 110,025 79,814
350,197 283,583

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 184,652 212,271
Other creditors 544,968 659,808
729,620 872,079

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
50 Ordinary C £1 50 50
150 150

Each type of share capital has one vote per share and is entitled to receive dividends separately from other classes of shares. There are equal rights to participate in a distribution or winding up and all share are non-redeemable.

11. RELATED PARTY DISCLOSURES

At the year end £574,968 (2022 - £689,808) was due to the directors.