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REGISTERED NUMBER: 09989271 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

HERONDEN VETERINARY PRACTICE LTD

HERONDEN VETERINARY PRACTICE LTD (REGISTERED NUMBER: 09989271)






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

Chartered Accountants' Report 7

HERONDEN VETERINARY PRACTICE LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Dr V Fernandez-Vidal
G M Fernandez-Vidal





SECRETARY: G M Fernandez-Vidal





REGISTERED OFFICE: Unit 3 Pickhill Farm
Smallhythe Road
Tenterden
Kent
TN30 7LZ





REGISTERED NUMBER: 09989271 (England and Wales)





ACCOUNTANTS: MMP Accounting Solutions Ltd
Chartered Certified Accountants
42 Cudworth Road
Willesborough
Ashford
Kent
TN24 0BG

HERONDEN VETERINARY PRACTICE LTD (REGISTERED NUMBER: 09989271)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 214,896 215,952

CURRENT ASSETS
Stocks 5 19,517 13,289
Debtors 6 71,739 46,299
Cash at bank 266,161 338,337
357,417 397,925
CREDITORS
Amounts falling due within one year 7 239,057 209,185
NET CURRENT ASSETS 118,360 188,740
TOTAL ASSETS LESS CURRENT
LIABILITIES

333,256

404,692

CREDITORS
Amounts falling due after more than
one year

8

20,493

179,917
NET ASSETS 312,763 224,775

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 311,763 223,775
312,763 224,775

HERONDEN VETERINARY PRACTICE LTD (REGISTERED NUMBER: 09989271)

Balance Sheet - continued
31 March 2024


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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





Dr V Fernandez-Vidal - Director


HERONDEN VETERINARY PRACTICE LTD (REGISTERED NUMBER: 09989271)

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

1. STATUTORY INFORMATION

Heronden Veterinary Practice Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

HERONDEN VETERINARY PRACTICE LTD (REGISTERED NUMBER: 09989271)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 108,585 131,351 27,804
Additions - 20,670 6,335
At 31 March 2024 108,585 152,021 34,139
DEPRECIATION
At 1 April 2023 - 56,527 15,953
Charge for year - 21,173 3,579
At 31 March 2024 - 77,700 19,532
NET BOOK VALUE
At 31 March 2024 108,585 74,321 14,607
At 31 March 2023 108,585 74,824 11,851

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 15,740 30,254 313,734
Additions - 649 27,654
At 31 March 2024 15,740 30,903 341,388
DEPRECIATION
At 1 April 2023 6,886 18,416 97,782
Charge for year - 3,958 28,710
At 31 March 2024 6,886 22,374 126,492
NET BOOK VALUE
At 31 March 2024 8,854 8,529 214,896
At 31 March 2023 8,854 11,838 215,952

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 19,517 13,289

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 54,989 29,549
Other debtors 16,750 16,750
71,739 46,299

HERONDEN VETERINARY PRACTICE LTD (REGISTERED NUMBER: 09989271)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Hire purchase contracts 14,665 9,657
Trade creditors 69,064 40,299
Taxation and social security 83,785 80,529
Other creditors 61,543 68,700
239,057 209,185

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 9) 11,667 21,690
Hire purchase contracts 8,826 10,290
Other creditors - 147,937
20,493 179,917

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000
Other loans 49,518 60,000
59,518 70,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000
Other loans - 1-2 years - 60,000
10,000 70,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,667 11,690
Other loans - 2-5 years - 87,937
1,667 99,627

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Heronden Veterinary Practice Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Heronden Veterinary Practice Ltd for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Heronden Veterinary Practice Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Heronden Veterinary Practice Ltd and state those matters that we have agreed to state to the Board of Directors of Heronden Veterinary Practice Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Heronden Veterinary Practice Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Heronden Veterinary Practice Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Heronden Veterinary Practice Ltd. You consider that Heronden Veterinary Practice Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Heronden Veterinary Practice Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






MMP Accounting Solutions Ltd
Chartered Certified Accountants
42 Cudworth Road
Willesborough
Ashford
Kent
TN24 0BG


16 September 2024