IRIS Accounts Production v24.1.9.2 NI067357 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI0673572022-12-31NI0673572023-12-31NI0673572023-01-012023-12-31NI0673572021-12-31NI0673572022-01-012022-12-31NI0673572022-12-31NI067357ns15:NorthernIreland2023-01-012023-12-31NI067357ns14:PoundSterling2023-01-012023-12-31NI067357ns10:Director12023-01-012023-12-31NI067357ns10:Director22023-01-012023-12-31NI067357ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31NI067357ns10:SmallEntities2023-01-012023-12-31NI067357ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31NI067357ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31NI067357ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31NI067357ns10:FullAccounts2023-01-012023-12-31NI06735712023-01-012023-12-31NI067357ns10:CompanySecretary12023-01-012023-12-31NI067357ns10:RegisteredOffice2023-01-012023-12-31NI067357ns5:CurrentFinancialInstruments2023-12-31NI067357ns5:CurrentFinancialInstruments2022-12-31NI067357ns5:Non-currentFinancialInstruments2023-12-31NI067357ns5:Non-currentFinancialInstruments2022-12-31NI067357ns5:ShareCapital2023-12-31NI067357ns5:ShareCapital2022-12-31NI067357ns5:RetainedEarningsAccumulatedLosses2023-12-31NI067357ns5:RetainedEarningsAccumulatedLosses2022-12-31NI067357ns5:NetGoodwill2023-01-012023-12-31NI067357ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-31NI067357ns5:NetGoodwill2022-12-31NI067357ns5:NetGoodwill2023-12-31NI067357ns5:NetGoodwill2022-12-31NI067357ns5:LandBuildings2022-12-31NI067357ns5:PlantMachinery2022-12-31NI067357ns5:LandBuildings2023-01-012023-12-31NI067357ns5:PlantMachinery2023-01-012023-12-31NI067357ns5:LandBuildings2023-12-31NI067357ns5:PlantMachinery2023-12-31NI067357ns5:LandBuildings2022-12-31NI067357ns5:PlantMachinery2022-12-31NI067357ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31NI067357ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: NI067357 (Northern Ireland)














Unaudited Financial Statements

FOR THE YEAR ENDED

31 December 2023

for

FLYNN VETERINARY LTD

FLYNN VETERINARY LTD (REGISTERED NUMBER: NI067357)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLYNN VETERINARY LTD

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D Flynn
C Flynn





SECRETARY: D Flynn





REGISTERED OFFICE: 5 Danesfort Park Central
Belfast
BT9 7RE





REGISTERED NUMBER: NI067357 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Rathmore House
52 St Patricks Avenue
Downpatrick
Co. Down
BT30 6DS

FLYNN VETERINARY LTD (REGISTERED NUMBER: NI067357)

Balance Sheet
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 446,776 390,195
446,776 390,195

CURRENT ASSETS
Stocks 51,465 51,465
Debtors 6 54,751 66,275
Cash at bank and in hand 593,755 394,746
699,971 512,486
CREDITORS
Amounts falling due within one year 7 265,414 217,291
NET CURRENT ASSETS 434,557 295,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

881,333

685,390

CREDITORS
Amounts falling due after more than one
year

8

(16,514

)

(26,612

)

PROVISIONS FOR LIABILITIES (53,282 ) (27,608 )
NET ASSETS 811,537 631,170

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 811,527 631,160
811,537 631,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

FLYNN VETERINARY LTD (REGISTERED NUMBER: NI067357)

Balance Sheet - continued
31 DECEMBER 2023


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 14 August 2024 and were signed on its behalf by:




D Flynn - Director



C Flynn - Director


FLYNN VETERINARY LTD (REGISTERED NUMBER: NI067357)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Flynn Veterinary Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

FLYNN VETERINARY LTD (REGISTERED NUMBER: NI067357)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2022 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 39,297
AMORTISATION
At 1 January 2023
and 31 December 2023 39,297
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 292,399 452,410 744,809
Additions 25,895 91,045 116,940
Disposals - (43,582 ) (43,582 )
At 31 December 2023 318,294 499,873 818,167
DEPRECIATION
At 1 January 2023 80,358 274,256 354,614
Charge for year 6,388 37,793 44,181
Eliminated on disposal - (27,404 ) (27,404 )
At 31 December 2023 86,746 284,645 371,391
NET BOOK VALUE
At 31 December 2023 231,548 215,228 446,776
At 31 December 2022 212,041 178,154 390,195

FLYNN VETERINARY LTD (REGISTERED NUMBER: NI067357)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 47,419 59,459
Other debtors 7,332 6,816
54,751 66,275

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 10,098 9,849
Trade creditors 42,453 41,926
Taxation and social security 202,471 155,329
Other creditors 10,392 10,187
265,414 217,291

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans 16,514 26,612