Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-01falsefalseNo description of principal activity55truefalse SC591163 2023-05-01 2024-04-30 SC591163 2022-05-01 2023-04-30 SC591163 2024-04-30 SC591163 2023-04-30 SC591163 c:Director1 2023-05-01 2024-04-30 SC591163 c:RegisteredOffice 2023-05-01 2024-04-30 SC591163 d:Buildings 2023-05-01 2024-04-30 SC591163 d:Buildings 2024-04-30 SC591163 d:Buildings 2023-04-30 SC591163 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC591163 d:PlantMachinery 2023-05-01 2024-04-30 SC591163 d:PlantMachinery 2024-04-30 SC591163 d:PlantMachinery 2023-04-30 SC591163 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC591163 d:MotorVehicles 2023-05-01 2024-04-30 SC591163 d:OfficeEquipment 2023-05-01 2024-04-30 SC591163 d:OfficeEquipment 2024-04-30 SC591163 d:OfficeEquipment 2023-04-30 SC591163 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC591163 d:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 SC591163 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC591163 d:Goodwill 2023-05-01 2024-04-30 SC591163 d:Goodwill 2024-04-30 SC591163 d:Goodwill 2023-04-30 SC591163 d:CurrentFinancialInstruments 2024-04-30 SC591163 d:CurrentFinancialInstruments 2023-04-30 SC591163 d:Non-currentFinancialInstruments 2024-04-30 SC591163 d:Non-currentFinancialInstruments 2023-04-30 SC591163 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC591163 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC591163 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 SC591163 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 SC591163 d:ShareCapital 2024-04-30 SC591163 d:ShareCapital 2023-04-30 SC591163 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC591163 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC591163 c:OrdinaryShareClass1 2023-05-01 2024-04-30 SC591163 c:OrdinaryShareClass1 2024-04-30 SC591163 c:FRS102 2023-05-01 2024-04-30 SC591163 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC591163 c:FullAccounts 2023-05-01 2024-04-30 SC591163 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC591163 d:Goodwill d:OwnedIntangibleAssets 2023-05-01 2024-04-30 SC591163 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC591163










HEATHER VETS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
HEATHER VETS LIMITED
 

COMPANY INFORMATION


DIRECTOR
Dr H McCabe 




REGISTERED NUMBER
SC591163



REGISTERED OFFICE
150 High Street
Newburgh

Cupar

Fife

KY14 6DZ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
HEATHER VETS LIMITED
REGISTERED NUMBER: SC591163

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
£
£

Fixed assets
  

Intangible assets
 4 
18,000
22,500

Tangible assets
 5 
127,747
125,942

  
145,747
148,442

Current assets
  

Stocks
  
10,000
14,275

Debtors: amounts falling due within one year
 6 
9,471
10,353

Bank and cash balances
  
56,907
6,031

  
76,378
30,659

Creditors: amounts falling due within one year
 7 
(155,683)
(120,853)

Net current liabilities
  
 
 
(79,305)
 
 
(90,194)

Total assets less current liabilities
  
66,442
58,248

Creditors: amounts falling due after more than one year
 8 
(6,554)
(11,154)

Provisions for liabilities
  

Deferred tax
  
(1,102)
(1,328)

  
 
 
(1,102)
 
 
(1,328)

Net assets
  
58,786
45,766


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
58,785
45,765

  
58,786
45,766


Page 1

 
HEATHER VETS LIMITED
REGISTERED NUMBER: SC591163

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

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 year 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 on 4 October 2024.




Dr H McCabe
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
HEATHER VETS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Heather Vets Limited is a private company, limited by shares, domiciled in Scotland with registration number SC591163. The registered office is 150 High Street, Newburgh, Cupar, Fife, KY14 6DZ.

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.
Page 3

 
HEATHER VETS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

 
2.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
10
years

Page 4

 
HEATHER VETS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

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, on the following basis.


Freehold property
-
not depreciated
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
20%
straight line
Tenant's improvements
-
20%
straight line

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.

 
2.6

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 first in, first out 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 5). 

Page 5

 
HEATHER VETS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
45,000



At 30 April 2024

45,000



Amortisation


At 1 May 2023
22,500


Charge for the year on owned assets
4,500



At 30 April 2024

27,000



Net book value



At 30 April 2024
18,000



At 30 April 2023
22,500




5.


Tangible fixed assets





Freehold property
Plant and machinery
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
118,950
24,598
15,149
158,697


Additions
2,997
-
763
3,760



At 30 April 2024

121,947
24,598
15,912
162,457



Depreciation


At 1 May 2023
-
17,683
15,072
32,755


Charge for the year on owned assets
-
1,730
225
1,955



At 30 April 2024

-
19,413
15,297
34,710



Net book value



At 30 April 2024
121,947
5,185
615
127,747



At 30 April 2023
118,950
6,915
77
125,942

Page 6

 
HEATHER VETS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Trade debtors
6,925
3,094

Other debtors
1,100
5,954

Prepayments and accrued income
1,446
1,305

9,471
10,353



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
4,600
4,600

Trade creditors
9,854
14,083

Other taxation and social security
19,507
8,319

Other creditors
120,762
92,520

Accruals and deferred income
960
1,331

155,683
120,853



8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,554
11,154

6,554
11,154



9.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



1 Ordinary share of £1.00
1
1



Page 7