Friendly Vets Limited 06288299 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is veterinary activities. Digita Accounts Production Advanced 6.30.9574.0 true 06288299 2023-01-01 2023-12-31 06288299 2023-12-31 06288299 core:CurrentFinancialInstruments 2023-12-31 06288299 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06288299 core:FurnitureFittings 2023-12-31 06288299 core:LandBuildings core:LongLeaseholdAssets 2023-12-31 06288299 core:MotorVehicles 2023-12-31 06288299 core:OfficeEquipment 2023-12-31 06288299 core:PlantMachinery 2023-12-31 06288299 bus:SmallEntities 2023-01-01 2023-12-31 06288299 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06288299 bus:FilletedAccounts 2023-01-01 2023-12-31 06288299 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06288299 bus:RegisteredOffice 2023-01-01 2023-12-31 06288299 bus:Director2 2023-01-01 2023-12-31 06288299 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06288299 core:FurnitureFittings 2023-01-01 2023-12-31 06288299 core:LandBuildings core:LongLeaseholdAssets 2023-01-01 2023-12-31 06288299 core:MotorCars 2023-01-01 2023-12-31 06288299 core:MotorVehicles 2023-01-01 2023-12-31 06288299 core:OfficeEquipment 2023-01-01 2023-12-31 06288299 core:PlantMachinery 2023-01-01 2023-12-31 06288299 countries:EnglandWales 2023-01-01 2023-12-31 06288299 2022-12-31 06288299 core:FurnitureFittings 2022-12-31 06288299 core:LandBuildings core:LongLeaseholdAssets 2022-12-31 06288299 core:MotorVehicles 2022-12-31 06288299 core:OfficeEquipment 2022-12-31 06288299 core:PlantMachinery 2022-12-31 06288299 2022-01-01 2022-12-31 06288299 2022-12-31 06288299 core:CurrentFinancialInstruments 2022-12-31 06288299 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 06288299 core:FurnitureFittings 2022-12-31 06288299 core:LandBuildings core:LongLeaseholdAssets 2022-12-31 06288299 core:MotorVehicles 2022-12-31 06288299 core:OfficeEquipment 2022-12-31 06288299 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 06288299

Friendly Vets Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Friendly Vets Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Friendly Vets Limited

(Registration number: 06288299)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

162,858

151,689

Current assets

 

Stocks

5

7,800

4,350

Debtors

6

15,337

4,289

Cash at bank and in hand

 

9,397

8,185

 

32,534

16,824

Creditors: Amounts falling due within one year

7

(415,133)

(379,857)

Net current liabilities

 

(382,599)

(363,033)

Net liabilities

 

(219,741)

(211,344)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(219,841)

(211,444)

Shareholders' deficit

 

(219,741)

(211,344)

 

Friendly Vets Limited

(Registration number: 06288299)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 August 2024 and signed on its behalf by:
 

.........................................
Mr C P Edmondson
Director

 

Friendly Vets Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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 comprises the fair value of the consideration received or receivable for the provision of veterinary services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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:

 

Friendly Vets Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Asset class

Depreciation method and rate

Office Equipment

20% Straight Line Basis

Fixtures and Fittings

20% Straight Line Basis

Motor Vehicles

20% Straight Line Basis

Other Property, Plant and Machinery

20% Straight Line Basis

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.

Debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Friendly Vets Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 January 2023

92,326

25,999

258,167

22,482

38,163

Additions

48,172

1,522

3,600

458

-

Disposals

(619)

-

-

-

-

At 31 December 2023

139,879

27,521

261,767

22,940

38,163

Depreciation

At 1 January 2023

10,279

20,225

197,826

18,955

38,163

Charge for the year

5,867

3,244

30,899

1,964

-

Eliminated on disposal

(10)

-

-

-

-

At 31 December 2023

16,136

23,469

228,725

20,919

38,163

Carrying amount

At 31 December 2023

123,743

4,052

33,042

2,021

-

At 31 December 2022

82,047

5,774

60,341

3,527

-

 

Friendly Vets Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Total
£

Cost or valuation

At 1 January 2023

437,137

Additions

53,752

Disposals

(619)

At 31 December 2023

490,270

Depreciation

At 1 January 2023

285,448

Charge for the year

41,974

Eliminated on disposal

(10)

At 31 December 2023

327,412

Carrying amount

At 31 December 2023

162,858

At 31 December 2022

151,689

5

Stocks

2023
£

2022
£

Other inventories

7,800

4,350

6

Debtors

Current

2023
£

2022
£

Trade debtors

10,078

430

Prepayments

5,259

3,859

 

15,337

4,289

 

Friendly Vets Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

19,578

16,284

Taxation and social security

3,622

5,581

Other creditors

391,933

357,992

415,133

379,857

8

Related party transactions

V Edmondson had a loan with the company. At the balance sheet date the amount due to V Edmondson was £391,583 (2022: £357,643).