IRIS Accounts Production v23.3.1.45 04731297 Board of Directors Board of Directors 1.9.22 31.8.23 31.8.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047312972022-08-31047312972023-08-31047312972022-09-012023-08-31047312972021-08-31047312972021-09-012022-08-31047312972022-08-3104731297ns10:Originalns15:EnglandWales2022-09-012023-08-3104731297ns14:PoundSterlingns10:Original2022-09-012023-08-3104731297ns10:Originalns10:Director12022-09-012023-08-3104731297ns10:Original2022-09-012023-08-3104731297ns10:Originalns10:Director22022-09-012023-08-3104731297ns10:Original2023-08-3104731297ns10:Originalns10:PrivateLimitedCompanyLtd2022-09-012023-08-3104731297ns10:Originalns10:SmallEntities2022-09-012023-08-3104731297ns10:Originalns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3104731297ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3104731297ns10:SmallCompaniesRegimeForAccountsns10:Original2022-09-012023-08-3104731297ns10:Originalns10:FullAccounts2022-09-012023-08-3104731297ns10:Original12022-09-012023-08-3104731297ns10:CompanySecretary1ns10:Original2022-09-012023-08-3104731297ns10:Originalns10:RegisteredOffice2022-09-012023-08-3104731297ns10:Original2022-08-3104731297ns10:Originalns5:CurrentFinancialInstruments2023-08-3104731297ns10:Originalns5:CurrentFinancialInstruments2022-08-3104731297ns5:ShareCapitalns10:Original2023-08-3104731297ns5:ShareCapitalns10:Original2022-08-3104731297ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-08-3104731297ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-08-3104731297ns10:Originalns5:NetGoodwill2022-09-012023-08-3104731297ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-09-012023-08-3104731297ns10:Originalns5:PlantMachinery2022-09-012023-08-3104731297ns10:Original2021-09-012022-08-3104731297ns10:Originalns5:NetGoodwill2022-08-3104731297ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-08-3104731297ns10:Original2022-08-3104731297ns10:Originalns5:NetGoodwill2023-08-3104731297ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-08-3104731297ns10:Originalns5:NetGoodwill2022-08-3104731297ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-08-3104731297ns10:Originalns5:PlantMachinery2022-08-3104731297ns10:Originalns5:PlantMachinery2023-08-3104731297ns10:Originalns5:PlantMachinery2022-08-3104731297ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3104731297ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3104731297ns10:Originalns5:DeferredTaxation2022-08-3104731297ns10:Originalns5:DeferredTaxation2022-09-012023-08-3104731297ns10:Originalns5:DeferredTaxation2023-08-3104731297ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-08-3104731297ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-012023-08-31
REGISTERED NUMBER: 04731297 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

WHITE LODGE VETERINARY CLINIC LIMITED

WHITE LODGE VETERINARY CLINIC LIMITED (REGISTERED NUMBER: 04731297)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITE LODGE VETERINARY CLINIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: T P Gliddon
P M Gannon





SECRETARY: T P Gliddon





REGISTERED OFFICE: St. John's House,
Castle Street,
Taunton
Somerset
TA1 4AY





REGISTERED NUMBER: 04731297 (England and Wales)





ACCOUNTANTS: Mitchells Chartered Accountants
St. John's House,
Castle Street,
Taunton
Somerset
TA1 4AY

WHITE LODGE VETERINARY CLINIC LIMITED (REGISTERED NUMBER: 04731297)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,629,570 1,846,531
Tangible assets 5 198,309 181,272
1,827,879 2,027,803

CURRENT ASSETS
Stocks 88,153 96,211
Debtors 6 175,667 153,365
Cash at bank 417,157 326,651
680,977 576,227
CREDITORS
Amounts falling due within one year 7 1,279,910 1,633,797
NET CURRENT LIABILITIES (598,933 ) (1,057,570 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,228,946

970,233

PROVISIONS FOR LIABILITIES 8 40,052 28,696
NET ASSETS 1,188,894 941,537

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings 9 1,188,294 940,937
SHAREHOLDERS' FUNDS 1,188,894 941,537

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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.

WHITE LODGE VETERINARY CLINIC LIMITED (REGISTERED NUMBER: 04731297)

BALANCE SHEET - continued
31 AUGUST 2023



The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2023 and were signed on its behalf by:




T P Gliddon - Director



P M Gannon - Director


WHITE LODGE VETERINARY CLINIC LIMITED (REGISTERED NUMBER: 04731297)

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

1. STATUTORY INFORMATION

White Lodge Veterinary Clinic 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.

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 2021, is being amortised evenly over its estimated useful life of five 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.

The customer relationship asset is being amortised at the rate of 10% on the reducing balance in order to write it off over its estimated useful life.

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 etc - 20% on cost and 15% 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 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.

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.

WHITE LODGE VETERINARY CLINIC LIMITED (REGISTERED NUMBER: 04731297)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 258,468 1,883,396 2,141,864
AMORTISATION
At 1 September 2022 64,617 230,716 295,333
Charge for year 51,693 165,268 216,961
At 31 August 2023 116,310 395,984 512,294
NET BOOK VALUE
At 31 August 2023 142,158 1,487,412 1,629,570
At 31 August 2022 193,851 1,652,680 1,846,531

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 267,937
Additions 71,899
Disposals (10,341 )
At 31 August 2023 329,495
DEPRECIATION
At 1 September 2022 86,665
Charge for year 50,099
Eliminated on disposal (5,578 )
At 31 August 2023 131,186
NET BOOK VALUE
At 31 August 2023 198,309
At 31 August 2022 181,272

WHITE LODGE VETERINARY CLINIC LIMITED (REGISTERED NUMBER: 04731297)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 127,814 112,779
Other debtors 47,853 40,586
175,667 153,365

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 262,692 248,406
Taxation and social security 283,866 319,077
Other creditors 733,352 1,066,314
1,279,910 1,633,797

8. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax 40,052 28,696

Deferred
tax
£   
Balance at 1 September 2022 28,696
Charge to Income Statement during year 11,356
Balance at 31 August 2023 40,052

9. RESERVES
Retained
earnings
£   

At 1 September 2022 940,937
Profit for the year 253,357
Dividends (6,000 )
At 31 August 2023 1,188,294

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

T.P. Gliddon and P.M. Gannon are partners in the business known as T P Gliddon & P M Gannon. The company has been involved in arms length transactions with this business.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 (2022 - £4,000) were paid to the directors .

The ultimate controlling parties are the directors, as they hold between them, or have influence over, 100% of the voting capital of the company. They are also in partnership as T P Gliddon & P M Gannon. Mrs C. E. Gliddon, the spouse of T. P. Gliddon, is also a related party. The company has been involved in arms length transactions with the partnership.

WHITE LODGE VETERINARY CLINIC LIMITED (REGISTERED NUMBER: 04731297)

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

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors, as they hold between them, or have influence over, 100% of the voting capital of the company.