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Registration number: 08103986

Rushcliffe Veterinary Centre Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2023

 

Rushcliffe Veterinary Centre Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Rushcliffe Veterinary Centre Limited

(Registration number: 08103986)
Abridged Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

125,274

139,193

Tangible assets

5

90,145

90,864

 

215,419

230,057

Current assets

 

Stocks

25,113

25,507

Debtors

12,259

8,227

Cash at bank and in hand

 

437,966

347,607

 

475,338

381,341

Creditors: Amounts falling due within one year

(213,368)

(151,341)

Net current assets

 

261,970

230,000

Total assets less current liabilities

 

477,389

460,057

Provisions for liabilities

(10,056)

(9,846)

Net assets

 

467,333

450,211

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

467,233

450,111

Total equity

 

467,333

450,211

 

Rushcliffe Veterinary Centre Limited

(Registration number: 08103986)
Abridged Balance Sheet as at 30 September 2023

For the financial year ending 30 September 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 27 March 2024 and signed on its behalf by:
 

Mrs JC Ashley

Director

Mr WG Bowler

Director

 

Rushcliffe Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 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:
Collington Way
West Bridgford
Nottingham
Nottinghamshire
NG2 7LR

These financial statements were authorised for issue by the Board on 27 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.

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

Fixtures and fittings

15% Reducing balance

Leasehold improvements

2% Straight line

 

Rushcliffe Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2023

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

Amortisation

5% Straight line

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2022 - 19).

4

Intangible assets

Total
£

Cost or valuation

At 1 October 2022

278,387

At 30 September 2023

278,387

Amortisation

At 1 October 2022

139,194

Amortisation charge

13,919

At 30 September 2023

153,113

Carrying amount

At 30 September 2023

125,274

At 30 September 2022

139,193

5

Tangible assets

Total
£

Cost or valuation

At 1 October 2022

159,336

Additions

5,634

At 30 September 2023

164,970

Depreciation

At 1 October 2022

68,472

Charge for the year

6,353

At 30 September 2023

74,825

Carrying amount

At 30 September 2023

90,145

At 30 September 2022

90,864