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REGISTERED NUMBER: 06057395 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Belle Vue Vets Limited

Belle Vue Vets Limited (Registered number: 06057395)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Belle Vue Vets Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr A J Reid
Mr R J Todd
Mr I R Steele
Mr J B Kerr
Ms C A Jahnsdorf





SECRETARY: Mr R J Todd





REGISTERED OFFICE: Syke Park
Syke Road
Wigton
Cumbria
CA7 9NE





REGISTERED NUMBER: 06057395 (England and Wales)





ACCOUNTANTS: Benson Accountants
Wiza House
Station Road
Wigton
Cumbria
CA7 9BA

Belle Vue Vets Limited (Registered number: 06057395)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 568,683 583,581
Investments 6 1 1
568,684 583,582

CURRENT ASSETS
Stocks 225,474 172,011
Debtors 7 504,492 452,191
Cash at bank and in hand 290,234 238,565
1,020,200 862,767
CREDITORS
Amounts falling due within one year 8 506,849 485,084
NET CURRENT ASSETS 513,351 377,683
TOTAL ASSETS LESS CURRENT LIABILITIES 1,082,035 961,265

PROVISIONS FOR LIABILITIES 23,512 14,329
NET ASSETS 1,058,523 946,936

CAPITAL AND RESERVES
Called up share capital 900 900
Capital redemption reserve 300 300
Retained earnings 1,057,323 945,736
1,058,523 946,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Belle Vue Vets Limited (Registered number: 06057395)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:




Mr A J Reid - Director Mr R J Todd - Director




Ms C A Jahnsdorf - Director Mr J B Kerr - Director




Mr I R Steele - Director


Belle Vue Vets Limited (Registered number: 06057395)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Belle Vue Vets Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Belle Vue Vets Limited (Registered number: 06057395)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Post balance sheet event
After the balance sheet date, the company was involved in a transaction to purchase 150 A Ordinary shares back from the estate of director Miss A Walker. The purchase of own shares resulted in a reduction in reserves of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 348,000
AMORTISATION
At 1 April 2023
and 31 March 2024 348,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Belle Vue Vets Limited (Registered number: 06057395)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 325,113 330,122 9,573 268,356 933,164
Additions - 93,172 1,765 19,785 114,722
Disposals - (23,795 ) - (71,320 ) (95,115 )
At 31 March 2024 325,113 399,499 11,338 216,821 952,771
DEPRECIATION
At 1 April 2023 - 215,246 6,339 127,998 349,583
Charge for year - 47,357 1,142 32,548 81,047
Eliminated on disposal - (5,170 ) - (41,372 ) (46,542 )
At 31 March 2024 - 257,433 7,481 119,174 384,088
NET BOOK VALUE
At 31 March 2024 325,113 142,066 3,857 97,647 568,683
At 31 March 2023 325,113 114,876 3,234 140,358 583,581

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 490,443 438,212
Other debtors 14,049 13,979
504,492 452,191

Belle Vue Vets Limited (Registered number: 06057395)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 161,964 231,063
Taxation and social security 293,386 198,188
Other creditors 51,499 55,833
506,849 485,084

9. RELATED PARTY DISCLOSURES

During the year, the directors each held a loan account with the company. At the year end, monies owing to the directors totalled £40,000 (2023 - £50,000). The loans are interest free, unsecured and repayable on demand.


Lloyds Bank Plc holds a fixed and floating charge over the property of the company in relation to the mortgages taken out by Ms C A Jahnsdorf, Mr J B Kerr and Mr I R Steele.