A O Vet Services Limited 10952845 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is the holding of investments and the provision of veterinary services. Digita Accounts Production Advanced 6.30.9574.0 true true 10952845 2022-08-01 2023-07-31 10952845 2023-07-31 10952845 core:OtherReservesSubtotal 2023-07-31 10952845 core:RetainedEarningsAccumulatedLosses 2023-07-31 10952845 core:ShareCapital 2023-07-31 10952845 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 10952845 bus:SmallEntities 2022-08-01 2023-07-31 10952845 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 10952845 bus:FullAccounts 2022-08-01 2023-07-31 10952845 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10952845 bus:RegisteredOffice 2022-08-01 2023-07-31 10952845 bus:Director1 2022-08-01 2023-07-31 10952845 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10952845 core:OfficeEquipment 2022-08-01 2023-07-31 10952845 countries:England 2022-08-01 2023-07-31 10952845 2022-07-31 10952845 2021-08-01 2022-07-31 10952845 2022-07-31 10952845 core:OtherReservesSubtotal 2022-07-31 10952845 core:RetainedEarningsAccumulatedLosses 2022-07-31 10952845 core:ShareCapital 2022-07-31 10952845 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 10952845

A O Vet Services Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 July 2023

 

A O Vet Services Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

A O Vet Services Limited

(Registration number: 10952845)
Abridged Balance Sheet as at 31 July 2023

Note

2023
£

(As restated)

2022
£

Fixed assets

 

Tangible assets

4

4,504

2,920

Other financial assets

5

3,395,083

3,275,908

 

3,399,587

3,278,828

Current assets

 

Debtors

4,663

2,626

Cash at bank and in hand

 

35,060

27,039

 

39,723

29,665

Creditors: Amounts falling due within one year

(2,803,504)

(2,814,452)

Net current liabilities

 

(2,763,781)

(2,784,787)

Total assets less current liabilities

 

635,806

494,041

Provisions for liabilities

(84,377)

(70,946)

Net assets

 

551,429

423,095

Capital and reserves

 

Called up share capital

100

100

Other reserves

372,241

297,056

Profit and loss account

179,088

125,939

Total equity

 

551,429

423,095

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 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 director on 5 March 2024
 

Mr R Abercromby

Director

 

A O Vet Services 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.

The address of its registered office is:
Spiders Barn
Hurston Lane
Storrington
West Sussex
RH20 4HF

These financial statements were authorised for issue by the director on 5 March 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.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

4

Tangible assets

Total
£

Cost or valuation

At 1 August 2022

4,700

Additions

4,680

At 31 July 2023

9,380

Depreciation

At 1 August 2022

1,780

Charge for the year

3,096

At 31 July 2023

4,876

Carrying amount

At 31 July 2023

4,504

At 31 July 2022

2,920

 

A O Vet Services Limited

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

5

Other financial assets (current and non-current)

Total
£

Non-current financial assets

Cost or valuation

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

At 31 July 2023

3,395,083

At 31 July 2022

3,275,908

6

Related party transactions

Advances to directors

Directors' remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

80,000

-