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REGISTERED NUMBER: 14375257 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

26 SEPTEMBER 2022 TO 30 SEPTEMBER 2023

FOR

WILSON'S VETERINARY PRACTICE LTD

WILSON'S VETERINARY PRACTICE LTD (REGISTERED NUMBER: 14375257)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 26 SEPTEMBER 2022 TO 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILSON'S VETERINARY PRACTICE LTD

COMPANY INFORMATION
FOR THE PERIOD 26 SEPTEMBER 2022 TO 30 SEPTEMBER 2023







DIRECTOR: Mr A D Wilson





REGISTERED OFFICE: Unit B Coop Local Store
Whitehouse Road
Dordon
Warwickshire
B78 1QE





REGISTERED NUMBER: 14375257 (England and Wales)





ACCOUNTANTS: Brookes Stephens
New Media House
Davidson Road
Lichfield
Staffordshire
WS14 9DZ

WILSON'S VETERINARY PRACTICE LTD (REGISTERED NUMBER: 14375257)

BALANCE SHEET
30 SEPTEMBER 2023

Notes £    £   
Fixed assets
Intangible assets 4 27,000
Tangible assets 5 140,800
167,800

Current assets
Stocks 19,231
Debtors 6 16,860
Cash at bank 98,584
134,675
Creditors
Amounts falling due within one year 7 114,506
Net current assets 20,169
Total assets less current liabilities 187,969

Creditors
Amounts falling due after more than one
year

8

(116,952

)

Provisions for liabilities (5,958 )
Net assets 65,059

Capital and reserves
Called up share capital 11 1
Share premium 24,036
Retained earnings 41,022
Shareholders' funds 65,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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.

WILSON'S VETERINARY PRACTICE LTD (REGISTERED NUMBER: 14375257)

BALANCE SHEET - continued
30 SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2024 and were signed by:





Mr A D Wilson - Director


WILSON'S VETERINARY PRACTICE LTD (REGISTERED NUMBER: 14375257)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 26 SEPTEMBER 2022 TO 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Wilson'S Veterinary Practice 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 25% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


WILSON'S VETERINARY PRACTICE LTD (REGISTERED NUMBER: 14375257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 26 SEPTEMBER 2022 TO 30 SEPTEMBER 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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 30,000
At 30 September 2023 30,000
AMORTISATION
Charge for period 3,000
At 30 September 2023 3,000
NET BOOK VALUE
At 30 September 2023 27,000

On 1 October 2022, the company acquired the unincorporated trade, assets and liabilities of Wilson's Veterinary in exchange for the 1 ordinary share of the company. The market value of the goodwill of the business was estimated to be £30,000.

WILSON'S VETERINARY PRACTICE LTD (REGISTERED NUMBER: 14375257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 26 SEPTEMBER 2022 TO 30 SEPTEMBER 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 172,894
At 30 September 2023 172,894
DEPRECIATION
Charge for period 32,094
At 30 September 2023 32,094
NET BOOK VALUE
At 30 September 2023 140,800

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 42,826
At 30 September 2023 42,826
DEPRECIATION
Charge for period 10,707
At 30 September 2023 10,707
NET BOOK VALUE
At 30 September 2023 32,119

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 3,210
Other debtors 13,650
16,860

WILSON'S VETERINARY PRACTICE LTD (REGISTERED NUMBER: 14375257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 26 SEPTEMBER 2022 TO 30 SEPTEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 19,858
Hire purchase contracts (see note 9) 7,111
Trade creditors 30,444
Taxation and social security 48,901
Other creditors 8,192
114,506

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 82,173
Hire purchase contracts (see note 9) 34,779
116,952

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire
purchase
contracts
£   
Net obligations repayable:
Within one year 7,111
Between one and five years 34,779
41,890

Non-cancellable operating leases
£   
Within one year 12,000
Between one and five years 41,000
53,000

10. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase contracts 41,890

The hire purchase liabilities are secured against the assets to which they relate.

WILSON'S VETERINARY PRACTICE LTD (REGISTERED NUMBER: 14375257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 26 SEPTEMBER 2022 TO 30 SEPTEMBER 2023


11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.

12. RELATED PARTY DISCLOSURES

During the period, total dividends of £95,977 were paid to the director .

At the year end, the company owed the director £5,946. This loan was interest free and repayable on demand.