IRIS Accounts Production v24.2.0.383 05811266 director 1.8.22 31.7.23 31.7.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058112662022-07-31058112662023-07-31058112662022-08-012023-07-31058112662021-07-31058112662021-08-012022-07-31058112662022-07-3105811266ns15:EnglandWales2022-08-012023-07-3105811266ns14:PoundSterling2022-08-012023-07-3105811266ns10:Director12022-08-012023-07-3105811266ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3105811266ns10:SmallEntities2022-08-012023-07-3105811266ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3105811266ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3105811266ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3105811266ns10:FullAccounts2022-08-012023-07-310581126612022-08-012023-07-3105811266ns10:CompanySecretary12022-08-012023-07-3105811266ns10:RegisteredOffice2022-08-012023-07-3105811266ns5:CurrentFinancialInstruments2023-07-3105811266ns5:CurrentFinancialInstruments2022-07-3105811266ns5:Non-currentFinancialInstruments2023-07-3105811266ns5:Non-currentFinancialInstruments2022-07-3105811266ns5:ShareCapital2023-07-3105811266ns5:ShareCapital2022-07-3105811266ns5:RetainedEarningsAccumulatedLosses2023-07-3105811266ns5:RetainedEarningsAccumulatedLosses2022-07-3105811266ns5:NetGoodwill2022-08-012023-07-3105811266ns5:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3105811266ns5:PatentsTrademarksLicencesConcessionsSimilar2022-08-012023-07-3105811266ns5:LeaseholdImprovements2022-08-012023-07-3105811266ns5:PlantMachinery2022-08-012023-07-3105811266ns5:FurnitureFittings2022-08-012023-07-3105811266ns5:ComputerEquipment2022-08-012023-07-3105811266ns5:NetGoodwill2022-07-3105811266ns5:PatentsTrademarksLicencesConcessionsSimilar2022-07-3105811266ns5:NetGoodwill2023-07-3105811266ns5:PatentsTrademarksLicencesConcessionsSimilar2023-07-3105811266ns5:NetGoodwill2022-07-3105811266ns5:PatentsTrademarksLicencesConcessionsSimilar2022-07-3105811266ns5:LeaseholdImprovements2022-07-3105811266ns5:PlantMachinery2022-07-3105811266ns5:FurnitureFittings2022-07-3105811266ns5:ComputerEquipment2022-07-3105811266ns5:LeaseholdImprovements2023-07-3105811266ns5:PlantMachinery2023-07-3105811266ns5:FurnitureFittings2023-07-3105811266ns5:ComputerEquipment2023-07-3105811266ns5:LeaseholdImprovements2022-07-3105811266ns5:PlantMachinery2022-07-3105811266ns5:FurnitureFittings2022-07-3105811266ns5:ComputerEquipment2022-07-3105811266ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3105811266ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31
REGISTERED NUMBER: 05811266 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

ASPEN VETS LTD

ASPEN VETS LTD (REGISTERED NUMBER: 05811266)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ASPEN VETS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: R Dutta





SECRETARY:





REGISTERED OFFICE: 114-116 Goodmayes Road
Ilford
Essex
IG3 9UZ





REGISTERED NUMBER: 05811266 (England and Wales)





ACCOUNTANTS: Ashfords Partnership LLP
114 - 116 Goodmayes Road
Ilford
Essex
IG3 9UZ

ASPEN VETS LTD (REGISTERED NUMBER: 05811266)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,000 10,500
Tangible assets 5 85,362 100,918
92,362 111,418

CURRENT ASSETS
Stocks 8,240 10,360
Debtors 6 10,667 24,600
Cash at bank and in hand 64,130 113,040
83,037 148,000
CREDITORS
Amounts falling due within one year 7 158,390 246,545
NET CURRENT LIABILITIES (75,353 ) (98,545 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,009

12,873

CREDITORS
Amounts falling due after more than one
year

8

-

(2,087

)

PROVISIONS FOR LIABILITIES (8,500 ) (8,500 )
NET ASSETS 8,509 2,286

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 8,309 2,086
SHAREHOLDERS' FUNDS 8,509 2,286

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ASPEN VETS LTD (REGISTERED NUMBER: 05811266)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2023


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 director and authorised for issue on 24 September 2024 and were signed by:





R Dutta - Director


ASPEN VETS LTD (REGISTERED NUMBER: 05811266)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Aspen Vets 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 represents net invoiced sales of goods and services provided, excluding value added tax.

Goodwill
In the opinion of the Director, the goodwill arising on incorporation of business of £35000 on 1st October 2006 was worth the same amount on 1st August 2015 and in accordance with FRS102 this is now amortized over 10 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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Patents and licences
Patents and Licence costs are amortised on a straight line basis over 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 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 statement of financial position date.


ASPEN VETS LTD (REGISTERED NUMBER: 05811266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The accounts have been prepared on a going concern basis on the assumption that the Company will continue to receive adequate financial assistance from its participators, Creditors and Bankers.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 35,000 2,444 37,444
AMORTISATION
At 1 August 2022 24,500 2,444 26,944
Amortisation for year 3,500 - 3,500
At 31 July 2023 28,000 2,444 30,444
NET BOOK VALUE
At 31 July 2023 7,000 - 7,000
At 31 July 2022 10,500 - 10,500

ASPEN VETS LTD (REGISTERED NUMBER: 05811266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2022
and 31 July 2023 232,699 74,524 63,846 16,101 387,170
DEPRECIATION
At 1 August 2022 173,930 51,874 48,533 11,915 286,252
Charge for year 8,815 3,397 2,297 1,047 15,556
At 31 July 2023 182,745 55,271 50,830 12,962 301,808
NET BOOK VALUE
At 31 July 2023 49,954 19,253 13,016 3,139 85,362
At 31 July 2022 58,769 22,650 15,313 4,186 100,918

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 10,667 24,600

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 2,087 5,510
Trade creditors 25,482 88,620
Taxation and social security 123,436 124,997
Other creditors 7,385 27,418
158,390 246,545

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts - 2,087