Registered number
10733517
Mendip Veterinary Services Limited
Filleted Accounts
31 August 2024
Mendip Veterinary Services Limited
Registered number: 10733517
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 123,494
Current assets
Debtors 4 233 7,113
Cash at bank and in hand 288 2,581
521 9,694
Creditors: amounts falling due within one year 5 (189,410) (185,893)
Net current liabilities (188,889) (176,199)
Total assets less current liabilities (188,889) (52,705)
Creditors: amounts falling due after more than one year 6 - (4,781)
Net liabilities (188,889) (57,486)
Capital and reserves
Called up share capital 100 100
Profit and loss account (188,989) (57,586)
Shareholders' funds (188,889) (57,486)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr S Karvountzis
Director
Approved by the board on 9 September 2024
Mendip Veterinary Services Limited
Notes to the Accounts
for the period from 1 October 2023 to 31 August 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 209,938
Disposals (209,938)
At 31 August 2024 -
Depreciation
At 1 October 2023 86,444
On disposals (86,444)
At 31 August 2024 -
Net book value
At 31 August 2024 -
At 30 September 2023 123,494
4 Debtors 2024 2023
£ £
Other debtors 233 7,113
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 48 48
Trade creditors 150 561
Amounts owed to group undertakings and undertakings in which the company has a participating interest - (1)
Other creditors 189,212 185,285
189,410 185,893
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 4,781
7 Other information
Mendip Veterinary Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Horticultural Works
Green Ore
Wells
England
BA5 3EU
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