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Company Registration No. 11772991 (England and Wales)
Good Care Veterinary Services Limited Unaudited accounts for the year ended 31 March 2024
Good Care Veterinary Services Limited Unaudited accounts Contents
Page
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Good Care Veterinary Services Limited Company Information for the year ended 31 March 2024
Directors
Dr N.T.Paveley Dr C.S.Finch
Company Number
11772991 (England and Wales)
Registered Office
21 Orchard Avenue Southgate London N14 4NB United Kingdom
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Good Care Veterinary Services Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
147,420 
170,723 
Current assets
Inventories
21,602 
19,367 
Debtors
7,649 
5,902 
Cash at bank and in hand
98,981 
156,244 
128,232 
181,513 
Creditors: amounts falling due within one year
(137,511)
(159,730)
Net current (liabilities)/assets
(9,279)
21,783 
Total assets less current liabilities
138,141 
192,506 
Creditors: amounts falling due after more than one year
(108,452)
(124,824)
Provisions for liabilities
Deferred tax
(18,423)
(21,137)
Net assets
11,266 
46,545 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
11,166 
46,445 
Shareholders' funds
11,266 
46,545 
For the year ending 31 March 2024 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 10 July 2024 and were signed on its behalf by
Dr N.T.Paveley Director Company Registration No. 11772991
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Good Care Veterinary Services Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Good Care Veterinary Services Limited is a private company, limited by shares, registered in England and Wales, registration number 11772991. The registered office is 21 Orchard Avenue, Southgate, London, N14 4NB, 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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
10% straight line
Motor vehicles
25% straight line
Fixtures & fittings
10% straight line
Computer equipment
25% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Good Care Veterinary Services Limited Notes to the Accounts for the year ended 31 March 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due. The company makes payments into the defined contribution personal pensions schemes of the directors. Contributions payable are recognised in the profit and loss account when paid.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
124,452 
95,502 
5,830 
11,107 
7,041 
243,932 
Additions
- 
911 
- 
421 
1,422 
2,754 
At 31 March 2024
124,452 
96,413 
5,830 
11,528 
8,463 
246,686 
Depreciation
At 1 April 2023
38,279 
24,928 
2,467 
3,402 
4,133 
73,209 
Charge for the year
12,445 
9,641 
1,458 
1,153 
1,360 
26,057 
At 31 March 2024
50,724 
34,569 
3,925 
4,555 
5,493 
99,266 
Net book value
At 31 March 2024
73,728 
61,844 
1,905 
6,973 
2,970 
147,420 
At 31 March 2023
86,173 
70,574 
3,363 
7,705 
2,908 
170,723 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
- 
20,294 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,141 
5,691 
Accrued income and prepayments
1,508 
211 
7,649 
5,902 
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Good Care Veterinary Services Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
20,300 
20,300 
VAT
37,584 
29,883 
Obligations under finance leases and hire purchase contracts
- 
6,724 
Trade creditors
19,745 
34,546 
Taxes and social security
54,048 
60,956 
Other creditors
1,501 
- 
Accruals
4,333 
3,106 
Deferred income
- 
4,215 
137,511 
159,730 
The hire purchase creditor is secured on the asset it is financing. The bank loan is secured by a fixed and floating charge on the company`s assets.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
108,452 
124,824 
Aggregate of amounts that fall due for payment after five years
17,387 
37,687 
The hire purchase creditor is secured on the asset it is financing. The bank loan is secured by a fixed and floating charge on the company`s assets.
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than five years
19,000 
19,000 
9
Transactions with related parties
The balances on the directors` current accounts with the company at the balance sheet date were: Dr N.T.Paveley £Nil (2023: £Nil); Dr C.S.Finch £Nil (2023: £Nil). During the year, dividends amounting to £90,000 were declared payable to NTP Ventures Ltd. At the balance sheet date, the company owed NTP Ventures Ltd £Nil (2023: £Nil). Dr N.T. Paveley is a director and 100% shareholder of NTP Ventures Ltd, and a director of Good Care Veterinary Services Ltd. During the year, dividends amounting to £90,000 were declared payable to CS Day Ltd. At the balance sheet date, the company owed CS Day Ltd £Nil (2023: £Nil). Dr C.S.Finch is a director and 100% shareholder of CS Day Ltd, and a director of Good Care Veterinary Services Ltd.
10
Average number of employees
During the year the average number of employees was 10 (2023: 9).
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