Companion Care (Fareham Collingwood) Limited 07559307 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 Collingwood Retail Park, Newgate. Digita Accounts Production Advanced 6.30.9574.0 true true 07559307 2023-03-31 2024-03-28 07559307 2024-03-28 07559307 core:CurrentFinancialInstruments 2024-03-28 07559307 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-28 07559307 core:WithinOneYear 2024-03-28 07559307 core:FurnitureFittingsToolsEquipment core:OwnedOrFreeholdAssets 2024-03-28 07559307 bus:SmallEntities 2023-03-31 2024-03-28 07559307 bus:AuditExemptWithAccountantsReport 2023-03-31 2024-03-28 07559307 bus:FilletedAccounts 2023-03-31 2024-03-28 07559307 bus:SmallCompaniesRegimeForAccounts 2023-03-31 2024-03-28 07559307 bus:RegisteredOffice 2023-03-31 2024-03-28 07559307 bus:CompanySecretaryDirector1 2023-03-31 2024-03-28 07559307 bus:Director1 2023-03-31 2024-03-28 07559307 bus:Director3 2023-03-31 2024-03-28 07559307 bus:Director4 2023-03-31 2024-03-28 07559307 bus:PrivateLimitedCompanyLtd 2023-03-31 2024-03-28 07559307 core:FurnitureFittingsToolsEquipment core:OwnedOrFreeholdAssets 2023-03-31 2024-03-28 07559307 core:PlantMachinery 2023-03-31 2024-03-28 07559307 countries:AllCountries 2023-03-31 2024-03-28 07559307 core:FurnitureFittingsToolsEquipment core:OwnedOrFreeholdAssets 2023-03-30 07559307 2022-04-01 2023-03-30 07559307 2023-03-30 07559307 core:CurrentFinancialInstruments 2023-03-30 07559307 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-30 07559307 core:WithinOneYear 2023-03-30 07559307 core:FurnitureFittingsToolsEquipment core:OwnedOrFreeholdAssets 2023-03-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07559307

Companion Care (Fareham Collingwood) Limited

Unaudited Filleted Financial Statements

for the Period from 31 March 2023 to 28 March 2024

 

Companion Care (Fareham Collingwood) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Companion Care (Fareham Collingwood) Limited

Company Information

Directors

A S Bielovich

Companion Care (Services) Limited

Vets4Pets (Services) Limited

L Palenik

Company secretary

Companion Care (Services) Limited

Registered office

Epsom Avenue
Stanley Green Trading Estate
Handforth
Cheshire
SK9 3RN

 

Companion Care (Fareham Collingwood) Limited

(Registration number: 07559307)
Balance Sheet as at 28 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

138,280

14,867

Current assets

 

Stocks

5

21,869

21,621

Debtors

6

105,558

259,736

Cash at bank and in hand

 

358,608

172,526

 

486,035

453,883

Creditors: Amounts falling due within one year

7

(276,495)

(311,674)

Net current assets

 

209,540

142,209

Net assets

 

347,820

157,076

Capital and reserves

 

Called up share capital

9

120

120

Retained earnings

347,700

156,956

Shareholders' funds

 

347,820

157,076

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 (Fareham Collingwood) 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. 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.

 

Companion Care (Fareham Collingwood) 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.

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.

 

Companion Care (Fareham Collingwood) Limited

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

2

Accounting policies (continued)

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 21 (2023 - 22).

4

Tangible assets

Furniture, fittings and equipment
£

Cost or valuation

At 31 March 2023

237,867

Additions

133,858

At 28 March 2024

371,725

Depreciation

At 31 March 2023

223,000

Charge for the period

10,445

At 28 March 2024

233,445

Carrying amount

At 28 March 2024

138,280

At 30 March 2023

14,867

5

Stocks

2024
£

2023
£

Other inventories

21,869

21,621

6

Debtors

 

Companion Care (Fareham Collingwood) Limited

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

6

Debtors (continued)

Current

Note

2024
£

2023
£

Trade debtors

 

33,995

-

Amounts owed by related parties

12,881

194,066

Other debtors

 

58,682

65,670

   

105,558

259,736

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

79,179

115,657

Taxation and social security

116,451

147,654

Other creditors

80,865

48,363

276,495

311,674

8

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

27,698

23,013

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.

 

Companion Care (Fareham Collingwood) Limited

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

9

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.