Registration number:
A O Vet Services Limited
for the Year Ended 31 July 2023
A O Vet Services Limited
Contents
Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
A O Vet Services Limited
(Registration number: 10952845)
Abridged Balance Sheet as at 31 July 2023
Note |
2023 |
(As restated) |
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Fixed assets |
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Tangible assets |
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Other financial assets |
3,395,083 |
3,275,908 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Other reserves |
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Profit and loss account |
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Total equity |
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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.
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The director acknowledges his 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
Mr R Abercromby
Director
A O Vet Services Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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.
Going concern
The director has considered the financial position of the company in view of the results in the year ended 31 July 2023.
The company's ability to continue trading is reliant on the director continuing to support the company through his directors' loan account. The director has agreed not to seek repayment of the amounts owed to him within 12 months of the date of the accounts where doing so would affect the company's ability to trade.
The director has considered a period of 12 months from the date of approval of the financial statements and consider it appropriate to prepare the financial statements on the going concern basis.
Prior period errors
Omission of dividend declared.
Relating to the current period disclosed in these financial statements | Relating to the prior period disclosed in these financial statements | Relating to periods before the prior period disclosed in these financial statements | |
Profit and loss account | - | (30,000) | - |
Creditors: Amounts falling due within one year | - | 30,000 | - |
Revenue recognition
Turnover represents the amounts received in respect of veterinary services and investments held by way of dividends or interest payments.
A O Vet Services Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023
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 |
Office Equipment |
33% straight line |
Investments
Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Tangible assets |
Total |
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Cost or valuation |
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At 1 August 2022 |
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Additions |
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At 31 July 2023 |
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Depreciation |
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At 1 August 2022 |
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Charge for the year |
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At 31 July 2023 |
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Carrying amount |
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At 31 July 2023 |
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At 31 July 2022 |
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A O Vet Services Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023
Other financial assets (current and non-current) |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 August 2022 |
3,275,908 |
Fair value adjustments |
96,185 |
Additions |
408,703 |
Disposals |
(385,713) |
At 31 July 2023 |
3,395,083 |
Carrying amount |
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At 31 July 2023 |
3,395,083 |
At 31 July 2022 |
3,275,908 |
Related party transactions |
Advances to directors |
Directors' remuneration
The director's remuneration for the year was as follows:
2023 |
2022 |
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Remuneration |
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- |