Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 04825126 Mr Chad Northcott Mrs Tracy Oakes Mrs Tracy Oakes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04825126 2023-06-30 04825126 2024-06-30 04825126 2023-07-01 2024-06-30 04825126 frs-core:CurrentFinancialInstruments 2024-06-30 04825126 frs-core:Non-currentFinancialInstruments 2024-06-30 04825126 frs-core:BetweenOneFiveYears 2024-06-30 04825126 frs-core:FurnitureFittings 2024-06-30 04825126 frs-core:FurnitureFittings 2023-07-01 2024-06-30 04825126 frs-core:FurnitureFittings 2023-06-30 04825126 frs-core:NetGoodwill 2024-06-30 04825126 frs-core:NetGoodwill 2023-07-01 2024-06-30 04825126 frs-core:NetGoodwill 2023-06-30 04825126 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 04825126 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04825126 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 04825126 frs-core:MotorVehicles 2024-06-30 04825126 frs-core:MotorVehicles 2023-07-01 2024-06-30 04825126 frs-core:MotorVehicles 2023-06-30 04825126 frs-core:WithinOneYear 2024-06-30 04825126 frs-core:ShareCapital 2024-06-30 04825126 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04825126 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04825126 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04825126 frs-bus:SmallEntities 2023-07-01 2024-06-30 04825126 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04825126 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04825126 frs-core:UnlistedNon-exchangeTraded 2024-06-30 04825126 frs-core:UnlistedNon-exchangeTraded 2023-06-30 04825126 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-06-30 04825126 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-06-30 04825126 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-06-30 04825126 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 04825126 frs-bus:Director1 2023-07-01 2024-06-30 04825126 frs-bus:Director1 2023-06-30 04825126 frs-bus:Director1 2024-06-30 04825126 frs-bus:Director2 2023-07-01 2024-06-30 04825126 frs-bus:Director2 2023-06-30 04825126 frs-bus:Director2 2024-06-30 04825126 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 04825126 frs-core:Non-currentFinancialInstruments 7 2024-06-30 04825126 frs-countries:EnglandWales 2023-07-01 2024-06-30 04825126 2022-06-30 04825126 2023-06-30 04825126 2022-07-01 2023-06-30 04825126 frs-core:CurrentFinancialInstruments 2023-06-30 04825126 frs-core:Non-currentFinancialInstruments 2023-06-30 04825126 frs-core:BetweenOneFiveYears 2023-06-30 04825126 frs-core:WithinOneYear 2023-06-30 04825126 frs-core:ShareCapital 2023-06-30 04825126 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 04825126 frs-core:Non-currentFinancialInstruments 7 2023-06-30
Registered number: 04825126
Vetcare Limited
Financial Statements
For The Year Ended 30 June 2024
Corinthian Tax LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04825126
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 609,059 607,039
Investments 6 883,115 883,115
1,492,174 1,490,154
CURRENT ASSETS
Stocks 7 119,296 100,327
Debtors 8 448,884 446,333
Cash at bank and in hand 367,982 486,913
936,162 1,033,573
Creditors: Amounts Falling Due Within One Year 9 (242,743 ) (283,417 )
NET CURRENT ASSETS (LIABILITIES) 693,419 750,156
TOTAL ASSETS LESS CURRENT LIABILITIES 2,185,593 2,240,310
Creditors: Amounts Falling Due After More Than One Year 10 (888,216 ) (891,616 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,500 ) (10,018 )
NET ASSETS 1,279,877 1,338,676
CAPITAL AND RESERVES
Called up share capital 130 130
Profit and Loss Account 1,279,747 1,338,546
SHAREHOLDERS' FUNDS 1,279,877 1,338,676
Page 1
Page 2
For the year ending 30 June 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Tracy Oakes
Director
04/10/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Vetcare Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04825126 . The registered office is Pennington House Vet Centre, Newlands Road, Leigh, Lancashire, WN7 4HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% Reducing Balance
Motor Vehicles 25% Straight Line
Fixtures & Fittings 10% Straight Line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 21)
22 21
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 365,000
As at 30 June 2024 365,000
Amortisation
As at 1 July 2023 365,000
As at 30 June 2024 365,000
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 July 2023 700,000 16,999 323,121 1,040,120
Additions - - 37,320 37,320
Disposals - - (1,000 ) (1,000 )
As at 30 June 2024 700,000 16,999 359,441 1,076,440
Depreciation
As at 1 July 2023 146,942 5,844 280,295 433,081
...CONTINUED
Page 4
Page 5
Provided during the period 14,000 2,789 18,278 35,067
Disposals - - (767 ) (767 )
As at 30 June 2024 160,942 8,633 297,806 467,381
Net Book Value
As at 30 June 2024 539,058 8,366 61,635 609,059
As at 1 July 2023 553,058 11,155 42,826 607,039
6. Investments
Unlisted
£
Cost
As at 1 July 2023 883,115
As at 30 June 2024 883,115
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 883,115
As at 1 July 2023 883,115
7. Stocks
2024 2023
£ £
Stock 119,296 100,327
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 29,201 27,005
Prepayments and accrued income 5,131 4,776
Amounts owed by group undertakings 414,552 414,552
448,884 446,333
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,399 3,399
Trade creditors 43,903 96,142
Corporation tax 105,210 108,718
Other taxes and social security 10,819 7,576
VAT 63,240 52,703
Accruals and deferred income 7,986 7,992
Directors' loan accounts 8,186 6,887
242,743 283,417
Page 5
Page 6
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,100 8,500
Other non-current financial liablities 883,116 883,116
888,216 891,616
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,399 3,399
Later than one year and not later than five years 5,100 8,500
8,499 11,899
8,499 11,899
12. Directors Advances, Credits and Guarantees
Included within creditors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Chad Northcott 362 107,649 108,000 - 713
Mrs Tracy Oakes 6,526 107,052 108,000 - 7,473
The above loan is unsecured, interest free and repayable on demand.
Page 6