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REGISTERED NUMBER: 04698768 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 January 2024

for

The Country Practice Limited

The Country Practice Limited (Registered number: 04698768)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Country Practice Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs D T Wilson
Mr S Wilson





REGISTERED OFFICE: Spittal Bridge Cottage
Kirkcowan
Newton Stewart
DG8 0DA





REGISTERED NUMBER: 04698768 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

The Country Practice Limited (Registered number: 04698768)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 174,165 175,018

CURRENT ASSETS
Cash at bank 2,499 43,480

CREDITORS
Amounts falling due within one year 5 88,870 39,051
NET CURRENT (LIABILITIES)/ASSETS (86,371 ) 4,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,794

179,447

PROVISIONS FOR LIABILITIES 7 919 1,081
NET ASSETS 86,875 178,366

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 86,775 178,266
SHAREHOLDERS' FUNDS 86,875 178,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The Country Practice Limited (Registered number: 04698768)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





Mr S Wilson - Director


The Country Practice Limited (Registered number: 04698768)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

The Country Practice Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance basis
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

The Country Practice Limited (Registered number: 04698768)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 169,327 34,804 204,131
DEPRECIATION
At 1 February 2023 - 29,113 29,113
Charge for year - 853 853
At 31 January 2024 - 29,966 29,966
NET BOOK VALUE
At 31 January 2024 169,327 4,838 174,165
At 31 January 2023 169,327 5,691 175,018

The Country Practice Limited (Registered number: 04698768)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 3,840
DEPRECIATION
At 1 February 2023
and 31 January 2024 1,482
NET BOOK VALUE
At 31 January 2024 2,358
At 31 January 2023 2,358

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security (3,003 ) 4,779
Other creditors 91,873 34,272
88,870 39,051

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   

The loans are secured by a personal guarantee from company directors, Mrs. D Wilson and Mr. S Wilson.

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 919 1,081

The Country Practice Limited (Registered number: 04698768)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 1,081
Provided during year (162 )
Profit and loss
Balance at 31 January 2024 919