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Registration number: 06541790

Avenue Veterinary Centre Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2023

 

Avenue Veterinary Centre Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Avenue Veterinary Centre Limited

(Registration number: 06541790)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

82,809

98,301

Tangible assets

5

31,676

37,062

 

114,485

135,363

Current assets

 

Stocks

21,812

21,812

Debtors

21,562

19,741

Cash at bank and in hand

 

326,615

286,999

 

369,989

328,552

Creditors: Amounts falling due within one year

(296,366)

(258,581)

Net current assets

 

73,623

69,971

Total assets less current liabilities

 

188,108

205,334

Provisions for liabilities

(7,422)

(8,343)

Net assets

 

180,686

196,991

Capital and reserves

 

Called up share capital

300

300

Profit and loss account

180,386

196,691

Total equity

 

180,686

196,991

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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 and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 11 September 2024
 

Mr M C Picton

Director

 

Avenue Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

1

General information

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

The address of its registered office is:
Pendennis Avenue
Staple Hill
Bristol
Somerset
BS16 5DV

These financial statements were authorised for issue by the director on 11 September 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Tax

The tax expense for the period comprises current and deferred 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 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

 

Avenue Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% straight line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 16 (2022 - 14).

4

Intangible assets

Total
£

Cost or valuation

At 1 January 2023

309,847

At 31 December 2023

309,847

Amortisation

At 1 January 2023

211,546

Amortisation charge

15,492

At 31 December 2023

227,038

Carrying amount

At 31 December 2023

82,809

At 31 December 2022

98,301

5

Tangible assets

Total
£

Cost or valuation

At 1 January 2023

128,112

Additions

5,176

At 31 December 2023

133,288

Depreciation

At 1 January 2023

91,054

Charge for the year

10,558

At 31 December 2023

101,612

Carrying amount

At 31 December 2023

31,676

At 31 December 2022

37,062