Parkside Veterinary Centre Limited 07461336 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is the provision of veterinary activities. Digita Accounts Production Advanced 6.30.9574.0 true 07461336 2022-08-01 2023-07-31 07461336 2023-07-31 07461336 core:RetainedEarningsAccumulatedLosses 2023-07-31 07461336 core:ShareCapital 2023-07-31 07461336 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 07461336 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 07461336 bus:SmallEntities 2022-08-01 2023-07-31 07461336 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 07461336 bus:FullAccounts 2022-08-01 2023-07-31 07461336 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 07461336 bus:RegisteredOffice 2022-08-01 2023-07-31 07461336 bus:Director1 2022-08-01 2023-07-31 07461336 bus:Director1 1 2022-08-01 2023-07-31 07461336 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07461336 core:Goodwill 2022-08-01 2023-07-31 07461336 core:FurnitureFittings 2022-08-01 2023-07-31 07461336 core:LandBuildings 2022-08-01 2023-07-31 07461336 core:MotorVehicles 2022-08-01 2023-07-31 07461336 core:PlantMachinery 2022-08-01 2023-07-31 07461336 countries:AllCountries 2022-08-01 2023-07-31 07461336 2022-07-31 07461336 2021-08-01 2022-07-31 07461336 2022-07-31 07461336 core:RetainedEarningsAccumulatedLosses 2022-07-31 07461336 core:ShareCapital 2022-07-31 07461336 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 07461336 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 07461336

Parkside Veterinary Centre Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 July 2023

 

Parkside Veterinary Centre Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Parkside Veterinary Centre Limited

(Registration number: 07461336)
Abridged Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

859,057

853,080

Current assets

 

Stocks

15,000

15,000

Debtors

74,959

114,539

Cash at bank and in hand

 

273,275

339,785

 

363,234

469,324

Creditors: Amounts falling due within one year

6

(264,782)

(269,766)

Net current assets

 

98,452

199,558

Total assets less current liabilities

 

957,509

1,052,638

Creditors: Amounts falling due after more than one year

7

(363,582)

(430,150)

Provisions for liabilities

(38,857)

(37,375)

Net assets

 

555,070

585,113

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

554,970

585,013

Total equity

 

555,070

585,113

 

Parkside Veterinary Centre Limited

(Registration number: 07461336)
Abridged Balance Sheet as at 31 July 2023

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 22 February 2024
 

Mrs D Ferguson

Director

 

Parkside Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
61 Ruskin Road
Carshalton
Surrey
SM5 3DD

These financial statements were authorised for issue by the director on 22 February 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

2% straight line method

Fixtures and fittings

20% reducing balance method

Motor vehicles

25% straight line method

Plant and machinery

20% straight line method

 

Parkside Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line method

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 25 (2022 - 26).

4

Intangible assets

Total
£

Cost or valuation

At 1 August 2022

862,999

At 31 July 2023

862,999

Amortisation

At 1 August 2022

862,999

At 31 July 2023

862,999

Carrying amount

At 31 July 2023

-

5

Tangible assets

Total
£

Cost or valuation

At 1 August 2022

1,311,936

Additions

42,301

At 31 July 2023

1,354,237

Depreciation

At 1 August 2022

458,854

Charge for the year

36,326

At 31 July 2023

495,180

Carrying amount

At 31 July 2023

859,057

At 31 July 2022

853,080

6

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts which are secured of £69,700 (2022 - £72,900).

 

Parkside Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

7

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts which are secured of £363,582 (2022 - £430,150).

Creditors include bank loans repayable by instalments of £84,782 (2022 - £138,550) due after more than five years.

8

Related party transactions

Advances to directors


Mrs D Ferguson

During the period Mrs D Ferguson went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £191,577 (2022 - £121,743). At the year end the amount outstanding from Mrs D Ferguson was £14,482 (2022 - £47,707). Interest has been charged at the commercial rate.