Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2022-07-01falseNo description of principal activity88truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08572712 2022-07-01 2023-12-31 08572712 2021-07-01 2022-06-30 08572712 2023-12-31 08572712 2022-06-30 08572712 c:Director1 2022-07-01 2023-12-31 08572712 d:Buildings d:ShortLeaseholdAssets 2022-07-01 2023-12-31 08572712 d:Buildings d:ShortLeaseholdAssets 2023-12-31 08572712 d:Buildings d:ShortLeaseholdAssets 2022-06-30 08572712 d:PlantMachinery 2022-07-01 2023-12-31 08572712 d:PlantMachinery 2023-12-31 08572712 d:PlantMachinery 2022-06-30 08572712 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-12-31 08572712 d:MotorVehicles 2022-07-01 2023-12-31 08572712 d:MotorVehicles 2023-12-31 08572712 d:MotorVehicles 2022-06-30 08572712 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-12-31 08572712 d:OwnedOrFreeholdAssets 2022-07-01 2023-12-31 08572712 d:CurrentFinancialInstruments 2023-12-31 08572712 d:CurrentFinancialInstruments 2022-06-30 08572712 d:Non-currentFinancialInstruments 2023-12-31 08572712 d:Non-currentFinancialInstruments 2022-06-30 08572712 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08572712 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 08572712 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08572712 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 08572712 d:ShareCapital 2023-12-31 08572712 d:ShareCapital 2022-06-30 08572712 d:RetainedEarningsAccumulatedLosses 2023-12-31 08572712 d:RetainedEarningsAccumulatedLosses 2022-06-30 08572712 c:OrdinaryShareClass1 2022-07-01 2023-12-31 08572712 c:OrdinaryShareClass1 2023-12-31 08572712 c:OrdinaryShareClass1 2022-06-30 08572712 c:FRS102 2022-07-01 2023-12-31 08572712 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-12-31 08572712 c:FullAccounts 2022-07-01 2023-12-31 08572712 c:PrivateLimitedCompanyLtd 2022-07-01 2023-12-31 08572712 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 08572712 d:HirePurchaseContracts d:WithinOneYear 2022-06-30 08572712 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 08572712 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-06-30 08572712 e:PoundSterling 2022-07-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company registration number: 08572712







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2023


HAMMOND VETS LIMITED






































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HAMMOND VETS LIMITED
REGISTERED NUMBER:08572712



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

31 December
30 June
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
33,097
41,096

  
33,097
41,096

Current assets
  

Stocks
  
74,662
51,107

Debtors: amounts falling due within one year
 5 
69,059
74,223

Cash at bank and in hand
  
6,647
24,576

  
150,368
149,906

Creditors: amounts falling due within one year
 6 
(53,614)
(48,518)

Net current assets
  
 
 
96,754
 
 
101,388

Total assets less current liabilities
  
129,851
142,484

Creditors: amounts falling due after more than one year
 7 
(17,855)
(31,561)

  

Net assets
  
111,996
110,923


Capital and reserves
  

Called up share capital 
  
100,000
72,500

Profit and loss account
  
11,996
38,423

  
111,996
110,923


Page 1

 


HAMMOND VETS LIMITED
REGISTERED NUMBER:08572712


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
L Hammond
Director

Date: 23 September 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


HAMMOND VETS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Hammond 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.
The presentation currency of the financial statements is the Pound Sterling (£).
The period covered by the financial statements is the 18 month period from 1 July 2022 to 31 December 2023. The extended period should be taken into account when reviewing the comparative information within the financial statements.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


HAMMOND VETS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
20%
Plant and machinery
-
15%
Motor vehicles
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 


HAMMOND VETS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

18 months ended
31 December
year ended
30 June
2023
2022
£
£

Directors salaries
24,100
16,000


The average monthly number of employees, including directors, during the period was 8 (2022 - 8).


4.


Tangible fixed assets







Short-term leasehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 July 2022
17,500
85,835
95,796
199,131


Additions
-
-
19,888
19,888



At 31 December 2023

17,500
85,835
115,684
219,019



Depreciation


At 1 July 2022
17,500
60,688
79,847
158,035


Charge for the period on owned assets
-
16,176
11,711
27,887



At 31 December 2023

17,500
76,864
91,558
185,922



Net book value



At 31 December 2023
-
8,971
24,126
33,097



At 30 June 2022
-
25,147
15,949
41,096

Page 5

 


HAMMOND VETS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Debtors

31 December
30 June
2023
2022
£
£


Trade debtors
68,742
74,019

Other debtors
317
204

69,059
74,223



6.


Creditors: Amounts falling due within one year

31 December
30 June
2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
9,739
6,548

Corporation tax
-
7,443

Other taxation and social security
15,068
17,752

Obligations under finance lease and hire purchase contracts
6,400
6,097

Other creditors
12,407
678

53,614
48,518


The following liabilities were secured:

31 December
30 June
2023
2022
£
£



Bank loans
10,000
10,000

Obligations under finance lease and hire purchase contracts
6,400
6,097

16,400
16,097

Details of security provided:

The bank loan and other facilities are secured by a fixed and floating charge over the company's assets.
Obligations under finance lease and hire purchase contracts are secured against the assets concerned.

Page 6

 


HAMMOND VETS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due after more than one year

31 December
30 June
2023
2022
£
£

Bank loans
15,000
30,000

Obligations under finance lease and hire purchase contracts
2,855
1,561

17,855
31,561


The following liabilities were secured:

31 December
30 June
2023
2022
£
£



Bank loans
15,000
30,000

Obligations under finance lease and hire purchase contracts
2,855
1,561

17,855
31,561

Details of security provided:

The bank loan and other facilities are secured by a fixed and floating charge over the company's assets.
Obligations under finance lease and hire purchase contracts are secured against the assets concerned.


8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

31 December
30 June
2023
2022
£
£


Within one year
6,400
6,097

Between 1-5 years
2,855
1,561

9,255
7,658

Page 7

 


HAMMOND VETS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

9.


Share capital

31 December
30 June
2023
2022
£
£
Allotted, called up and fully paid



100,000 (2022 - 72,500) Ordinary shares of £1.00 each
100,000
72,500


During the period, the company issued 27,500 ordinary shares of £1.00 each for cash at par.


10.


Related party transactions

At the balance sheet date the company owed £11,481 (2022: £678) to the director. The balance can be found within creditors due within one year. No interest is being charged on this loan.
During the year the practice paid rent to the director of £7,425. This transaction was on an arms length basis.

 
Page 8