Carlisle Vets4Pets Limited 08186969 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 Scotland Road, Carlisle. Digita Accounts Production Advanced 6.30.9574.0 true true 08186969 2023-03-31 2024-03-28 08186969 2024-03-28 08186969 core:CurrentFinancialInstruments 2024-03-28 08186969 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-28 08186969 core:Non-currentFinancialInstruments 2024-03-28 08186969 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-28 08186969 core:BetweenTwoFiveYears 2024-03-28 08186969 core:WithinOneYear 2024-03-28 08186969 core:FurnitureFittingsToolsEquipment core:OwnedOrFreeholdAssets 2024-03-28 08186969 bus:SmallEntities 2023-03-31 2024-03-28 08186969 bus:AuditExemptWithAccountantsReport 2023-03-31 2024-03-28 08186969 bus:FilletedAccounts 2023-03-31 2024-03-28 08186969 bus:SmallCompaniesRegimeForAccounts 2023-03-31 2024-03-28 08186969 bus:RegisteredOffice 2023-03-31 2024-03-28 08186969 bus:CompanySecretaryDirector1 2023-03-31 2024-03-28 08186969 bus:Director2 2023-03-31 2024-03-28 08186969 bus:PrivateLimitedCompanyLtd 2023-03-31 2024-03-28 08186969 core:FurnitureFittingsToolsEquipment core:OwnedOrFreeholdAssets 2023-03-31 2024-03-28 08186969 core:PlantMachinery 2023-03-31 2024-03-28 08186969 countries:AllCountries 2023-03-31 2024-03-28 08186969 core:FurnitureFittingsToolsEquipment core:OwnedOrFreeholdAssets 2023-03-30 08186969 2022-04-01 2023-03-30 08186969 2023-03-30 08186969 core:CurrentFinancialInstruments 2023-03-30 08186969 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-30 08186969 core:Non-currentFinancialInstruments 2023-03-30 08186969 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-30 08186969 core:BetweenTwoFiveYears 2023-03-30 08186969 core:WithinOneYear 2023-03-30 08186969 core:FurnitureFittingsToolsEquipment core:OwnedOrFreeholdAssets 2023-03-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08186969

Carlisle Vets4Pets Limited

Unaudited Filleted Financial Statements

for the Period from 31 March 2023 to 28 March 2024

 

Carlisle Vets4Pets Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Carlisle Vets4Pets Limited

Company Information

Directors

Vets4Pets Limited

L Kerr

Company secretary

Vets4Pets Limited

Registered office

Epsom Avenue
Stanley Green Trading Estate
Handforth
Cheshire
SK9 3RN

 

Carlisle Vets4Pets Limited

(Registration number: 08186969)
Balance Sheet as at 28 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

23,533

27,236

Current assets

 

Stocks

5

9,942

9,099

Debtors

6

55,415

61,159

Cash at bank and in hand

 

750

750

 

66,107

71,008

Creditors: Amounts falling due within one year

7

(201,790)

(350,511)

Net current liabilities

 

(135,683)

(279,503)

Total assets less current liabilities

 

(112,150)

(252,267)

Creditors: Amounts falling due after more than one year

7

(29,950)

(29,950)

Net liabilities

 

(142,100)

(282,217)

Capital and reserves

 

Called up share capital

10

100

100

Retained earnings

(142,200)

(282,317)

Shareholders' deficit

 

(142,100)

(282,217)

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:
 

.........................................
Vets4Pets Limited
Company secretary and director

 

Carlisle 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 current liabilities of £135,683 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.

 

Carlisle Vets4Pets 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.

 

Carlisle Vets4Pets Limited

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

2

Accounting policies (continued)

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.

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 7 (2023 - 8).

 

Carlisle 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

230,981

Additions

10,548

At 28 March 2024

241,529

Depreciation

At 31 March 2023

203,745

Charge for the period

14,251

At 28 March 2024

217,996

Carrying amount

At 28 March 2024

23,533

At 30 March 2023

27,236

5

Stocks

2024
£

2023
£

Other inventories

9,942

9,099

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

22,636

-

Amounts owed by related parties

3,252

41,164

Other debtors

 

29,527

19,995

   

55,415

61,159

 

Carlisle 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

92,102

258,128

Trade creditors

 

31,665

41,564

Taxation and social security

 

10,822

28,355

Other creditors

 

67,201

22,464

 

201,790

350,511

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

29,950

29,950

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Loans from related parties

29,950

29,950

Current loans and borrowings

2024
£

2023
£

Loans from related parties

92,102

258,128

 

Carlisle 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

The Partner Loan is denominated in GBP with a nominal interest rate of 0%. The carrying amount at period end is £29,950 (2023 - £29,950).

The Companion Care (Services) Limited Operating Loan is denominated in GBP with a nominal interest rate of 0%. The carrying amount at period end is £92,102 (2023 - £258,128).


Companion Care (Services) Limited Operating Loan is repayable within 3 months on demand.

There is no set date for the repayment of loans due to the Directors. Loans due to the Directors 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

20,000

23,616

Later than one year and not later than five years

2,356

31,487

22,356

55,103

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

'A' Ordinary of £1 each

50

50

50

50

'B' Ordinary of £1 each

50

50

50

50

100

100

100

100

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.