Companion Care (Chichester) Limited 06595742 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 Portfield Way, Chichester. Digita Accounts Production Advanced 6.30.9574.0 true true 06595742 2023-03-31 2024-03-28 06595742 2024-03-28 06595742 core:CurrentFinancialInstruments 2024-03-28 06595742 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-28 06595742 core:Non-currentFinancialInstruments 2024-03-28 06595742 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-28 06595742 core:WithinOneYear 2024-03-28 06595742 core:FurnitureFittingsToolsEquipment core:OwnedOrFreeholdAssets 2024-03-28 06595742 bus:SmallEntities 2023-03-31 2024-03-28 06595742 bus:AuditExemptWithAccountantsReport 2023-03-31 2024-03-28 06595742 bus:FilletedAccounts 2023-03-31 2024-03-28 06595742 bus:SmallCompaniesRegimeForAccounts 2023-03-31 2024-03-28 06595742 bus:RegisteredOffice 2023-03-31 2024-03-28 06595742 bus:CompanySecretaryDirector1 2023-03-31 2024-03-28 06595742 bus:Director1 2023-03-31 2024-03-28 06595742 bus:Director2 2023-03-31 2024-03-28 06595742 bus:Director4 2023-03-31 2024-03-28 06595742 bus:PrivateLimitedCompanyLtd 2023-03-31 2024-03-28 06595742 core:FurnitureFittingsToolsEquipment core:OwnedOrFreeholdAssets 2023-03-31 2024-03-28 06595742 core:PlantMachinery 2023-03-31 2024-03-28 06595742 countries:AllCountries 2023-03-31 2024-03-28 06595742 core:FurnitureFittingsToolsEquipment core:OwnedOrFreeholdAssets 2023-03-30 06595742 2022-04-01 2023-03-30 06595742 2023-03-30 06595742 core:CurrentFinancialInstruments 2023-03-30 06595742 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-30 06595742 core:Non-currentFinancialInstruments 2023-03-30 06595742 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-30 06595742 core:WithinOneYear 2023-03-30 06595742 core:FurnitureFittingsToolsEquipment core:OwnedOrFreeholdAssets 2023-03-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06595742

Companion Care (Chichester) Limited

Unaudited Filleted Financial Statements

for the Period from 31 March 2023 to 28 March 2024

 

Companion Care (Chichester) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Companion Care (Chichester) Limited

Company Information

Directors

J A Arthur

S D Munday

Companion Care (Services) Limited

Vets4Pets (Services) Limited

Company secretary

Companion Care (Services) Limited

Registered office

Epsom Avenue
Stanley Green Trading Estate
Handforth
Cheshire
SK9 3RN

 

Companion Care (Chichester) Limited

(Registration number: 06595742)
Balance Sheet as at 28 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

8,048

10,336

Current assets

 

Stocks

5

20,447

19,260

Debtors

6

108,987

78,575

Cash at bank and in hand

 

550

550

 

129,984

98,385

Creditors: Amounts falling due within one year

7

(280,059)

(252,704)

Net current liabilities

 

(150,075)

(154,319)

Total assets less current liabilities

 

(142,027)

(143,983)

Creditors: Amounts falling due after more than one year

7

(90,000)

(141,735)

Net liabilities

 

(232,027)

(285,718)

Capital and reserves

 

Called up share capital

10

120

120

Retained earnings

(232,147)

(285,838)

Shareholders' deficit

 

(232,027)

(285,718)

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

 

Companion Care (Chichester) 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 current liabilities of £150,075 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.

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.

 

Companion Care (Chichester) Limited

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

2

Accounting policies (continued)

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.

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.

 

Companion Care (Chichester) Limited

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

2

Accounting policies (continued)

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 20 (2023 - 21).

4

Tangible assets

Furniture, fittings and equipment
£

Cost or valuation

At 31 March 2023

215,758

Additions

3,113

Disposals

(989)

At 28 March 2024

217,882

Depreciation

At 31 March 2023

205,422

Charge for the period

5,401

Eliminated on disposal

(989)

At 28 March 2024

209,834

Carrying amount

At 28 March 2024

8,048

At 30 March 2023

10,336

5

Stocks

2024
£

2023
£

Other inventories

20,447

19,260

 

Companion Care (Chichester) Limited

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

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

50,974

24,871

Amounts owed by related parties

19,348

20,461

Other debtors

 

38,665

33,243

   

108,987

78,575

 

Companion Care (Chichester) 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

78,707

99,928

Trade creditors

 

69,602

94,117

Taxation and social security

 

19,157

40,512

Other creditors

 

112,593

18,147

 

280,059

252,704

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

90,000

141,735

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Loans from related parties

90,000

141,735

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

78,707

99,928

Operating Loan

The operating loan is denominated in GBP with a nominal interest rate of 0%. The carrying amount at period end is £90,000 (2023 - £141,735).

There is no set date for the repayment of loans due to the Directors and Companion Care (Services) Limited, however this is repayable within 90 days of demand. 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.

 

Companion Care (Chichester) Limited

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

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

29,346

39,036

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.