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Company Registration No. 12149640 (England and Wales)
Vets In Mind Alliance Unaudited Filleted Accounts for the year ended 31 August 2023
Vets In Mind Alliance Unaudited Filleted Accounts Contents
Page
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Vets In Mind Alliance Company Information for the year ended 31 August 2023
Directors
Dr G M Johnston V Robinson I Zakharenkov N Shergill S Kirton Dr D Gurney T Gardiner
Secretary
Dr G M Johnston
Company Number
12149640 (England and Wales)
Registered Office
THREE HILLS FARM BARTLOW CAMBRIDGE CB21 4EN UNITED KINGDOM
Accountants
Caseron Cloud Accounting Ltd 7 Swallow Drive Stowmarket Suffolk IP14 5BY
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Vets In Mind Alliance Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
13,355 
16,694 
Current assets
Cash at bank and in hand
3,709 
149 
Creditors: amounts falling due within one year
(17,064)
(16,843)
Net current liabilities
(13,355)
(16,694)
Net assets
- 
- 
Members' funds
- 
- 
For the year ending 31 August 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2024 and were signed on its behalf by
Dr G M Johnston Director Company Registration No. 12149640
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Vets In Mind Alliance Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Vets In Mind Alliance is a private company, limited by guarantee, registered in England and Wales, registration number 12149640. The registered office is THREE HILLS FARM, BARTLOW, CAMBRIDGE, CB21 4EN, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Development Costs
Software development costs are recognised as an intangible asset when all of the following criteria are demonstrated: - The technical feasibility of completing the software so that it will be available for use or sale. - The intention to complete the software and use or sell it. - The ability to use the software or to sell it. - How the software will generate probable future economic benefits. - The availability of adequate technical, financial and other resources to complete the development and to use or sell the software. - The ability to measure reliably the expenditure attributable to the software during its development.
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: - Software development costs are written off over 5 years on a 20% straight-line basis
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Vets In Mind Alliance Notes to the Accounts for the year ended 31 August 2023
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Going concern
The accounts have been prepared on a going concern basis as the directors consider that the company will be able to meet its liabilities as they fall due despite having net current liabilities. The directors have reviewed the cashflow and results to the date of signing the financial statements and considers that the company will have adequate resources to continue in operational existence for at least 12 months from the date of approval of the accounts.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2022
26,085 
At 31 August 2023
26,085 
Amortisation
At 1 September 2022
9,391 
Charge for the year
3,339 
At 31 August 2023
12,730 
Net book value
At 31 August 2023
13,355 
At 31 August 2022
16,694 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
13,275 
12,775 
Deferred income
3,789 
4,068 
17,064 
16,843 
6
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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