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Registration number: 10411427

Hilltop Veterinary Centre Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 October 2023

 

Hilltop Veterinary Centre Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Hilltop Veterinary Centre Limited

(Registration number: 10411427)
Abridged Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

43,638

50,883

Current assets

 

Stocks

28,693

23,818

Debtors

25,220

78,258

Cash at bank and in hand

 

105,872

180,696

 

159,785

282,772

Creditors: Amounts falling due within one year

5

(79,576)

(209,519)

Net current assets

 

80,209

73,253

Total assets less current liabilities

 

123,847

124,136

Creditors: Amounts falling due after more than one year

6

(32,485)

(37,807)

Provisions for liabilities

(10,065)

(11,264)

Net assets

 

81,297

75,065

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

81,197

74,965

Total equity

 

81,297

75,065

 

Hilltop Veterinary Centre Limited

(Registration number: 10411427)
Abridged Balance Sheet as at 31 October 2023

For the financial year ending 31 October 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 31 July 2024
 

Ms J A Hutton

Director

 

Hilltop Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 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:
The Barn
Hinksey Heights
Southern-by-Pass
Oxford
Oxfordshire
OX1 5AB

These financial statements were authorised for issue by the director on 31 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.

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 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.

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

Leasehold Improvements

Over the term of the lease

Fixtures and fittings

20% Straight Line

Plant and machinery

10% Straight Line

 

Hilltop Veterinary Centre Limited

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

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 the director) during the year, was 16 (2022 - 18).

4

Tangible assets

Total
£

Cost or valuation

At 1 November 2022

144,032

Additions

4,043

At 31 October 2023

148,075

Depreciation

At 1 November 2022

93,148

Charge for the year

11,289

At 31 October 2023

104,437

Carrying amount

At 31 October 2023

43,638

At 31 October 2022

50,883

Included within the net book value of land and buildings above is £3,376 (2022 - £3,745) in respect of long leasehold land and buildings.
 

5

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £5,190 (2022 - £5,060).

6

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £32,485 (2022 - £37,807).

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £296,668 (2022 - £315,001). These financial commitments relate to a lease agreement for the unit at Hinksey Hill Farm.