Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08028506 Mr Simon Tai Mrs Sophie Hadfield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08028506 2023-03-31 08028506 2024-03-31 08028506 2023-04-01 2024-03-31 08028506 frs-core:CurrentFinancialInstruments 2024-03-31 08028506 frs-core:Non-currentFinancialInstruments 2024-03-31 08028506 frs-core:BetweenOneFiveYears 2024-03-31 08028506 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08028506 frs-core:NetGoodwill 2024-03-31 08028506 frs-core:NetGoodwill 2023-04-01 2024-03-31 08028506 frs-core:NetGoodwill 2023-03-31 08028506 frs-core:PlantMachinery 2024-03-31 08028506 frs-core:PlantMachinery 2023-04-01 2024-03-31 08028506 frs-core:PlantMachinery 2023-03-31 08028506 frs-core:WithinOneYear 2024-03-31 08028506 frs-core:ShareCapital 2024-03-31 08028506 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08028506 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08028506 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08028506 frs-bus:SmallEntities 2023-04-01 2024-03-31 08028506 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08028506 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08028506 frs-bus:Director1 2023-04-01 2024-03-31 08028506 frs-bus:Director2 2023-04-01 2024-03-31 08028506 frs-countries:EnglandWales 2023-04-01 2024-03-31 08028506 2022-03-31 08028506 2023-03-31 08028506 2022-04-01 2023-03-31 08028506 frs-core:CurrentFinancialInstruments 2023-03-31 08028506 frs-core:Non-currentFinancialInstruments 2023-03-31 08028506 frs-core:BetweenOneFiveYears 2023-03-31 08028506 frs-core:WithinOneYear 2023-03-31 08028506 frs-core:ShareCapital 2023-03-31 08028506 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08028506
City Road Veterinary Centre Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Whyfield Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08028506
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 40,702 42,640
40,702 42,640
CURRENT ASSETS
Stocks 6 40,974 26,170
Debtors 7 18,646 17,346
Cash at bank and in hand 346,539 395,295
406,159 438,811
Creditors: Amounts Falling Due Within One Year 8 (203,979 ) (164,967 )
NET CURRENT ASSETS (LIABILITIES) 202,180 273,844
TOTAL ASSETS LESS CURRENT LIABILITIES 242,882 316,484
Creditors: Amounts Falling Due After More Than One Year 9 - (1,540 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,175 ) (10,660 )
NET ASSETS 232,707 304,284
CAPITAL AND RESERVES
Called up share capital 11 900 900
Profit and Loss Account 231,807 303,384
SHAREHOLDERS' FUNDS 232,707 304,284
Page 1
Page 2
For the year ending 31 March 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
Mr Simon Tai
Director
03/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
City Road Veterinary Centre Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08028506 . The registered office is Cityroad Veterinary Centre, City Road , Truro , Cornwall , TR1 2JL.
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 rendering of services. Revenue from services is recognised as they are delivered. 
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 10 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:
Plant & Machinery 25% RB
Computer Equipment 4 years SL
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. 
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.
...CONTINUED
Page 3
Page 4
2.7. Taxation - continued
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: 19 (2023: 20)
19 20
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 298,746
As at 31 March 2024 298,746
Amortisation
As at 1 April 2023 298,746
Provided during the period -
As at 31 March 2024 298,746
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 110,064
Additions 9,535
As at 31 March 2024 119,599
Depreciation
As at 1 April 2023 67,424
Disposals 11,473
As at 31 March 2024 78,897
Net Book Value
As at 31 March 2024 40,702
As at 1 April 2023 42,640
6. Stocks
2024 2023
£ £
Stock 40,974 26,170
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,052 8,375
Other debtors 3,594 8,971
18,646 17,346
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,540 2,536
Trade creditors 7,267 37,939
Other creditors 89,112 10,051
Taxation and social security 106,060 114,441
203,979 164,967
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 1,540
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,540 2,536
Later than one year and not later than five years - 1,540
1,540 4,076
1,540 4,076
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 900 900
Page 5