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REGISTERED NUMBER: 09485550 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 January 2024

for

Equine Veterinary & Reproduction Ltd

Equine Veterinary & Reproduction Ltd (Registered number: 09485550)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Report of the Director 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 6


Equine Veterinary & Reproduction Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Miss J E Harbison





SECRETARY: D J Owen





REGISTERED OFFICE: The Old House
Main Street
Maids Moreton
Buckingham
Buckinghamshire
MK18 1QU





REGISTERED NUMBER: 09485550 (England and Wales)





ACCOUNTANTS: Facts and Figures
P O Box 583
Maids Moreton
Buckingham
Buckinghamshire
MK18 1TQ

Equine Veterinary & Reproduction Ltd (Registered number: 09485550)

Report of the Director
for the Year Ended 31 January 2024

The director presents her report with the financial statements of the company for the year ended 31 January 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the provision of Equine Veterinary Services

DIRECTORS
Miss J E Harbison has held office during the whole of the period from 1 February 2023 to the date of this report.

Other changes in directors holding office are as follows:

P B Marshall - resigned 30 November 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Miss J E Harbison - Director


26 September 2024

Equine Veterinary & Reproduction Ltd (Registered number: 09485550)

Statement of Income and Retained Earnings
for the Year Ended 31 January 2024

31.1.24 31.1.23
Notes £    £   

TURNOVER 394,821 345,519

Cost of sales (97,059 ) (86,551 )
GROSS PROFIT 297,762 258,968

Distribution costs (16,116 ) (13,877 )
Administrative expenses (178,707 ) (145,401 )
OPERATING PROFIT 4 102,939 99,690

Interest receivable and similar income 808 60
103,747 99,750

Interest payable and similar expenses (2,219 ) (2,219 )
PROFIT BEFORE TAXATION 101,528 97,531

Tax on profit (28,383 ) (17,933 )
PROFIT FOR THE FINANCIAL YEAR 73,145 79,598

Retained earnings at beginning of year 175,247 151,149

Dividends (55,400 ) (55,500 )

RETAINED EARNINGS AT END OF
YEAR

192,992

175,247

Equine Veterinary & Reproduction Ltd (Registered number: 09485550)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Intangible assets 9 33,750 36,750
Tangible assets 10 90,176 82,489
123,926 119,239

CURRENT ASSETS
Stocks 24,299 24,294
Debtors 11 81,875 68,052
Cash at bank 77,270 68,966
183,444 161,312
CREDITORS
Amounts falling due within one year 12 (63,426 ) (61,147 )
NET CURRENT ASSETS 120,018 100,165
TOTAL ASSETS LESS CURRENT
LIABILITIES

243,944

219,404

CREDITORS
Amounts falling due after more than one
year

13

(49,752

)

(42,957

)
NET ASSETS 194,192 176,447

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings 192,992 175,247
194,192 176,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Equine Veterinary & Reproduction Ltd (Registered number: 09485550)

Balance Sheet - continued
31 January 2024


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

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





Miss J E Harbison - Director


Equine Veterinary & Reproduction Ltd (Registered number: 09485550)

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

1. STATUTORY INFORMATION

Equine Veterinary & Reproduction Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Fittings - 15% of Written Down Value
Plant & Equipment - 15% of Written Down Value
Computer Equipment - 33.3% of Cost
Motor Vehicles - 25% of Written Down Value

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Equine Veterinary & Reproduction Ltd (Registered number: 09485550)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.1.24 31.1.23
£    £   
Depreciation - owned assets 16,116 13,877
Goodwill amortisation 3,000 3,000

5. TAXATION

Tax Charged in the Profit and Loss Account


2024 2023
£ £

CURRENT TAXATION

UK Corporation Tax 21,602 16,423

DEFERRED TAXATION

Arising from Origination and reversal of timing differences 6,781 1,510

Tax Expense in the Profit and Loss Account 28,383 17,933
====== ======

Equine Veterinary & Reproduction Ltd (Registered number: 09485550)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DEFERRED TAX

2024

Difference between accumulated depreciation and amortisation and capital allowances - £21,602 liability

2023

Difference between accumulated depreciation and amortisation and capital allowances - £14,522 liability

7. SHARE CAPITAL

Allotted, called up and fully paid shares



2024 2023
No. £ No. £

Ordinary A Shares of £1 each 1,200 1,200 1,200 1,200
Ordinary B Shares of £1 each 0 0 0 0

TOTAL 1,200 1,200 1,200 1,200
===== ===== ===== =====

The different classes of shares referred to above carry separate rights to dividends but in all other respects rank pari passu.

The Ordinary B class shares were converted to ordinary A class shares on 6th July 2020.

8. RELATED PARTY TRANSACTIONS

DIRECTORS LOAN - JENNIFER HARBISON

At 31st January 2024 the Company owed Miss Harbison £1,044 (2023: £1,044)

9. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 60,000
AMORTISATION
At 1 February 2023 23,250
Charge for year 3,000
At 31 January 2024 26,250
NET BOOK VALUE
At 31 January 2024 33,750
At 31 January 2023 36,750

Equine Veterinary & Reproduction Ltd (Registered number: 09485550)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

10. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 119,835
Additions 23,803
At 31 January 2024 143,638
DEPRECIATION
At 1 February 2023 37,346
Charge for year 16,116
At 31 January 2024 53,462
NET BOOK VALUE
At 31 January 2024 90,176
At 31 January 2023 82,489

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Fittings - 15% of Written Down Value
Plant & Equipment - 15% of Written Down Value
Computer Equipment - 33.3% of Cost
Motor Vehicles - 25% of Written Down Value

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 69,383 58,005
Other debtors 12,492 10,047
81,875 68,052

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 997 -
Trade creditors 16,739 13,406
Taxation and social security 38,164 28,926
Other creditors 7,526 18,815
63,426 61,147

Equine Veterinary & Reproduction Ltd (Registered number: 09485550)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 21,303 14,522
Other creditors 28,449 28,435
49,752 42,957