Holme Veterinary Centre Limited 07704200 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is that of a veterinary practice. Digita Accounts Production Advanced 6.30.9574.0 true 07704200 2022-08-01 2023-07-31 07704200 2023-07-31 07704200 core:RetainedEarningsAccumulatedLosses 2023-07-31 07704200 core:ShareCapital 2023-07-31 07704200 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 07704200 bus:SmallEntities 2022-08-01 2023-07-31 07704200 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 07704200 bus:FullAccounts 2022-08-01 2023-07-31 07704200 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 07704200 bus:RegisteredOffice 2022-08-01 2023-07-31 07704200 bus:Director1 2022-08-01 2023-07-31 07704200 bus:Director1 2 2022-08-01 2023-07-31 07704200 bus:Director2 2022-08-01 2023-07-31 07704200 bus:Director2 1 2022-08-01 2023-07-31 07704200 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07704200 core:Goodwill 2022-08-01 2023-07-31 07704200 core:FurnitureFittings 2022-08-01 2023-07-31 07704200 core:MotorVehicles 2022-08-01 2023-07-31 07704200 countries:EnglandWales 2022-08-01 2023-07-31 07704200 2022-07-31 07704200 2021-08-01 2022-07-31 07704200 2022-07-31 07704200 core:RetainedEarningsAccumulatedLosses 2022-07-31 07704200 core:ShareCapital 2022-07-31 07704200 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 07704200

Holme Veterinary Centre Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 July 2023

 

Holme Veterinary Centre Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Holme Veterinary Centre Limited

(Registration number: 07704200)
Abridged Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

43,360

72,267

Tangible assets

5

35,692

43,118

 

79,052

115,385

Current assets

 

Stocks

5,632

4,624

Debtors

226,589

124,078

Cash at bank and in hand

 

66,202

27,924

 

298,423

156,626

Creditors: Amounts falling due within one year

(88,230)

(56,866)

Net current assets

 

210,193

99,760

Total assets less current liabilities

 

289,245

215,145

Provisions for liabilities

(8,923)

(8,193)

Net assets

 

280,322

206,952

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

280,222

206,852

Total equity

 

280,322

206,952

 

Holme Veterinary Centre Limited

(Registration number: 07704200)
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 directors acknowledge their 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 Board on 29 March 2024 and signed on its behalf by:
 

Mrs C Jennings

Director

Mr A Jennings

Director

 

Holme 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 and Wales.

The address of its registered office is:
Unit 6 Crossley Mill
New Mill Road
Honley
Holmfirth
HD9 6PL
England

These financial statements were authorised for issue by the Board on 29 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.

Revenue recognition

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

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

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 income 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.

 

Holme Veterinary Centre Limited

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

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

Motor Vehicles

25% Reducing Balance

Fixtures and Fittings

15% Reducing Balance

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

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

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 directors) during the year, was 5 (2022 - 7).

 

Holme Veterinary Centre Limited

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

4

Intangible assets

Total
£

Cost or valuation

At 1 August 2022

289,066

At 31 July 2023

289,066

Amortisation

At 1 August 2022

216,799

Amortisation charge

28,907

At 31 July 2023

245,706

Carrying amount

At 31 July 2023

43,360

At 31 July 2022

72,267

5

Tangible assets

Total
£

Cost or valuation

At 1 August 2022

131,066

At 31 July 2023

131,066

Depreciation

At 1 August 2022

87,948

Charge for the year

7,426

At 31 July 2023

95,374

Carrying amount

At 31 July 2023

35,692

At 31 July 2022

43,118

 

Holme Veterinary Centre Limited

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

6

Related party transactions

Advances to directors


Mr A Jennings

During the period Mr A Jennings went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £57,157 (2022 - £42,663). At the year end the amount outstanding from Mr A Jennings was £44,990 (2022 - £). Interest has been charged at the official rate.


Mrs C Jennings

During the period Mrs C Jennings went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £57,157 (2022 - £42,663). At the year end the amount outstanding from Mrs C Jennings was £44,990 (2022 - £). Interest has been charged at the official rate.