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Registration number: 05225495

Hollywood Veterinary Centre (2004) Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 November 2023

 

Hollywood Veterinary Centre (2004) Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Hollywood Veterinary Centre (2004) Limited

(Registration number: 05225495)
Abridged Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

7,048

14,098

Tangible assets

5

27,553

30,085

 

34,601

44,183

Current assets

 

Stocks

11,560

11,629

Debtors

15,273

9,700

Cash at bank and in hand

 

4,162

15,108

 

30,995

36,437

Creditors: Amounts falling due within one year

(63,726)

(67,240)

Net current liabilities

 

(32,731)

(30,803)

Total assets less current liabilities

 

1,870

13,380

Creditors: Amounts falling due after more than one year

-

(10,616)

Provisions for liabilities

(346)

(251)

Net assets

 

1,524

2,513

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

1,523

2,512

Total equity

 

1,524

2,513

 

Hollywood Veterinary Centre (2004) Limited

(Registration number: 05225495)
Abridged Balance Sheet as at 30 November 2023

For the financial year ending 30 November 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 her 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 26 July 2024
 

Miss S Heath-Woodward

Director

 

Hollywood Veterinary Centre (2004) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 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:
72 Alcester Road
Hollywood
Birmingham
West Midlands
B47 5NS

These financial statements were authorised for issue by the director on 26 July 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 financial statements have been prepared on a going concern basis. The director has considered the financial position of the company and considers it to remain viable as a going concern for a period of at least 12 months.

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 equipment

15% reducing balance

 

Hollywood Veterinary Centre (2004) Limited

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

Motor vehicles

25% reducing balance

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

5% straight line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2022 - 9).

4

Intangible assets

Total
£

Cost or valuation

At 1 December 2022

215,981

At 30 November 2023

215,981

Amortisation

At 1 December 2022

201,883

Amortisation charge

7,050

At 30 November 2023

208,933

Carrying amount

At 30 November 2023

7,048

At 30 November 2022

14,098

 

Hollywood Veterinary Centre (2004) Limited

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

5

Tangible assets

Total
£

Cost or valuation

At 1 December 2022

116,605

Additions

3,304

At 30 November 2023

119,909

Depreciation

At 1 December 2022

86,521

Charge for the year

5,835

At 30 November 2023

92,356

Carrying amount

At 30 November 2023

27,553

At 30 November 2022

30,085

6

Related party transactions

Advances to directors


Miss S Heath-Woodward

During the period Miss S Heath-Woodward went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £32,883 (2022 - £18,374). At the year end the amount outstanding from Miss S Heath-Woodward was £11,364 (2022 - £7,007). Interest has been charged at the commercial rate.