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Registration number: 10941845

Pattenden Veterinary Clinic Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2024

 

Pattenden Veterinary Clinic Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Pattenden Veterinary Clinic Limited

(Registration number: 10941845)
Abridged Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

55,302

66,994

Current assets

 

Stocks

5

24,012

30,507

Debtors

503,219

116,718

Cash at bank and in hand

 

134,711

318,855

 

661,942

466,080

Creditors: Amounts falling due within one year

6

(238,341)

(199,632)

Net current assets

 

423,601

266,448

Total assets less current liabilities

 

478,903

333,442

Creditors: Amounts falling due after more than one year

7

(2,800)

(5,200)

Provisions for liabilities

(6,083)

(6,877)

Net assets

 

470,020

321,365

Capital and reserves

 

Called up share capital

180

180

Profit and loss account

469,840

321,185

Total equity

 

470,020

321,365

 

Pattenden Veterinary Clinic Limited

(Registration number: 10941845)
Abridged Balance Sheet as at 31 January 2024

For the financial year ending 31 January 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 of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 10 October 2024 and signed on its behalf by:
 

Dr L Hummel

Director

Mrs J Clark

Director

 

Pattenden Veterinary Clinic Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Segro House
Pattenden Lane
Marden
Kent
TN12 9QJ

These financial statements were authorised for issue by the Board on 10 October 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current 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 taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Buildings

10% Straight Line

Plant and machinery

25% Reducing Balance

Office equipment

25% Reducing Balance

Furniture and fittings

25% Reducing Balance

 

Pattenden Veterinary Clinic Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2023 - 15).

4

Tangible assets

Total
£

Cost or valuation

At 1 February 2023

135,906

Additions

2,859

At 31 January 2024

138,765

Depreciation

At 1 February 2023

68,910

Charge for the year

14,553

At 31 January 2024

83,463

Carrying amount

At 31 January 2024

55,302

At 31 January 2023

66,994

5

Stocks

2024
£

2023
£

Stock

24,012

30,507

6

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £2,400 (2023 - £2,400).

7

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £2,800 (2023 - £5,200).

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £144,233 (2023 - £182,033).

 

Pattenden Veterinary Clinic Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

9

Related party transactions

Advances to directors


Mrs J Clark

During the period Mrs J Clark went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £2,636 (2023 - £4,313). At the year end the amount outstanding from Mrs J Clark was £2,154 (2023 - £-). Interest has been charged at the commercial rate.


Dr L Hummel

During the period Dr L Hummel went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £689 (2023 - £Nil). At the year end the amount outstanding from Dr L Hummel was £468 (2023 - £-). Interest has been charged at the commercial rate.

Summary of transactions with parent

Pattenden Topco Ltd
  Included within other debtors is a balance owing from Pattenden Topco Ltd of £476,568 as at 31 January 2024 (2023 - £99,510)