Harrogate New Park Vets4Pets Limited 09149937 false 2023-03-31 2024-03-28 2024-03-28 The principal activity of the company is that of the operation of the veterinary surgery at Oak Beck Way, Harrogate. Digita Accounts Production Advanced 6.30.9574.0 true true 09149937 2023-03-31 2024-03-28 09149937 2024-03-28 09149937 core:CurrentFinancialInstruments 2024-03-28 09149937 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-28 09149937 core:Non-currentFinancialInstruments 2024-03-28 09149937 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-28 09149937 core:WithinOneYear 2024-03-28 09149937 core:FurnitureFittingsToolsEquipment core:OwnedOrFreeholdAssets 2024-03-28 09149937 bus:SmallEntities 2023-03-31 2024-03-28 09149937 bus:AuditExemptWithAccountantsReport 2023-03-31 2024-03-28 09149937 bus:FilletedAccounts 2023-03-31 2024-03-28 09149937 bus:SmallCompaniesRegimeForAccounts 2023-03-31 2024-03-28 09149937 bus:RegisteredOffice 2023-03-31 2024-03-28 09149937 bus:CompanySecretaryDirector1 2023-03-31 2024-03-28 09149937 bus:Director2 2023-03-31 2024-03-28 09149937 bus:PrivateLimitedCompanyLtd 2023-03-31 2024-03-28 09149937 core:FurnitureFittingsToolsEquipment core:OwnedOrFreeholdAssets 2023-03-31 2024-03-28 09149937 core:PlantMachinery 2023-03-31 2024-03-28 09149937 countries:AllCountries 2023-03-31 2024-03-28 09149937 core:FurnitureFittingsToolsEquipment core:OwnedOrFreeholdAssets 2023-03-30 09149937 2022-04-01 2023-03-30 09149937 2023-03-30 09149937 core:CurrentFinancialInstruments 2023-03-30 09149937 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-30 09149937 core:Non-currentFinancialInstruments 2023-03-30 09149937 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-30 09149937 core:WithinOneYear 2023-03-30 09149937 core:FurnitureFittingsToolsEquipment core:OwnedOrFreeholdAssets 2023-03-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09149937

Harrogate New Park Vets4Pets Limited

Unaudited Filleted Financial Statements

for the Period from 31 March 2023 to 28 March 2024

 

Harrogate New Park Vets4Pets Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Harrogate New Park Vets4Pets Limited

Company Information

Directors

Companion Care (Services) Limited

F S Cordeiro

Company secretary

Companion Care (Services) Limited

Registered office

Epsom Avenue
Stanley Green Trading Estate
Handforth
Cheshire
SK9 3RN

 

Harrogate New Park Vets4Pets Limited

(Registration number: 09149937)
Balance Sheet as at 28 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,275

9,442

Current assets

 

Stocks

5

6,794

6,994

Debtors

6

121,686

83,342

Cash at bank and in hand

 

74,713

800

 

203,193

91,136

Creditors: Amounts falling due within one year

7

(197,722)

(123,096)

Net current assets/(liabilities)

 

5,471

(31,960)

Total assets less current liabilities

 

7,746

(22,518)

Creditors: Amounts falling due after more than one year

7

(30,000)

(90,000)

Net liabilities

 

(22,254)

(112,518)

Capital and reserves

 

Called up share capital

10

120

120

Retained earnings

(22,374)

(112,638)

Shareholders' deficit

 

(22,254)

(112,518)

For the financial period ending 28 March 2024 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 period 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 30 August 2024 and signed on its behalf by:
 

.........................................
Companion Care (Services) Limited
Company secretary and director

 

Harrogate New Park Vets4Pets Limited

Notes to the Unaudited Financial Statements for the Period from 31 March 2023 to 28 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Epsom Avenue
Stanley Green Trading Estate
Handforth
Cheshire
SK9 3RN

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.

Accounts are prepared on a 52 week period (2023: 52 week period) resulting in a fluctuating year end between the 25th and 31st March.

Going concern

The directors have considered the factors that impact the company’s future development, performance, cash flows and financial position along with the company’s current liquidity in forming their opinion on the going concern basis. Notwithstanding net liabilities of £22,254 as at 28 March 2024 the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Revenue recognition

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers in the UK.

Turnover is recognised at point of sale except for turnover derived from care plans, which is recognised on an apportioned basis relative to delivery of the service.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Harrogate New Park Vets4Pets Limited

Notes to the Unaudited Financial Statements for the Period from 31 March 2023 to 28 March 2024

2

Accounting policies (continued)

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 over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

3 - 10 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or 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 stated at the lower of cost and estimated selling price less costs to sell. Stock is recognised as an expense in the period in which the related turnover is recognised.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Harrogate New Park Vets4Pets Limited

Notes to the Unaudited Financial Statements for the Period from 31 March 2023 to 28 March 2024

2

Accounting policies (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Defined contribution pension obligation

The company operates a defined contribution pension scheme.

Contributions to the pension scheme are charged to profit or loss in the period to which they relate.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 12 (2023 - 12).

 

Harrogate New Park Vets4Pets Limited

Notes to the Unaudited Financial Statements for the Period from 31 March 2023 to 28 March 2024

4

Tangible assets

Furniture, fittings and equipment
£

Cost or valuation

At 31 March 2023

255,456

At 28 March 2024

255,456

Depreciation

At 31 March 2023

246,014

Charge for the period

7,167

At 28 March 2024

253,181

Carrying amount

At 28 March 2024

2,275

At 30 March 2023

9,442

5

Stocks

2024
£

2023
£

Other inventories

6,794

6,994

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

81,252

1,035

Amounts owed by related parties

-

39,329

Other debtors

 

40,434

42,978

   

121,686

83,342

 

Harrogate New Park Vets4Pets Limited

Notes to the Unaudited Financial Statements for the Period from 31 March 2023 to 28 March 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

-

16,093

Trade creditors

 

52,177

45,908

Amounts owed to related parties

20,103

-

Taxation and social security

 

51,119

34,289

Other creditors

 

74,323

26,806

 

197,722

123,096

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

30,000

90,000

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Loans from related parties

30,000

90,000

Current loans and borrowings

2024
£

2023
£

Loans from related parties

-

16,093

 

Harrogate New Park Vets4Pets Limited

Notes to the Unaudited Financial Statements for the Period from 31 March 2023 to 28 March 2024

8

Loans and borrowings (continued)

Other borrowings

B Shareholder Loan is denominated in GBP with a nominal interest rate of 2.75% above Bank of England base rate%. The carrying amount at period end is £30,000 (2023 - £60,000).

Partner Loan is denominated in GBP with a nominal interest rate of 0%. The carrying amount at period end is £Nil (2023 - £30,000).

Companion Care (Services) Limited Operating loan is denominated in GBP with a nominal interest rate of 0%. The carrying amount at period end is £Nil (2023 - £16,093).

The Companion Care (Services) Limited Operating loan was repayable within 90 days on demand.

There is no set date for the repayment of loans due to the Directors and Companion Care (Services) Limited. Loans due to the Directors and Companion Care (Services) Limited are repayable following the repayment of any bank loans, when the company is in a net asset position and has available cash balances.

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

22,392

19,821

The practice occupies space within a Pets at Home store under a licence to occupy agreement. As this is a rolling agreement, the company is committed to an annual payment, which is included in the table above. The payments made reflect the operating lease commitments as held at the Pets at Home branch in which the practice is situated.

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

'A' Ordinary of £1 each

60

60

60

60

'B' Ordinary of £1 each

60

60

60

60

120

120

120

120

A shares and B shares constitute separate classes of shares. A shareholders are entitled to receive dividends as declared from time to time. They are also entitled to one vote per share at general meetings of the company and rank below unsecured creditors in the event of a winding up. B shareholders have no entitlement to dividends. They are entitled to one vote per share at general meetings of the company and, in the event of a winding up, rank above A shareholders however are only entitled to receive any outstanding liabilities, they are not entitled to any further distribution of capital.