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REGISTERED NUMBER: 04388579 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PEASEBROOK EQUINE CLINIC LIMITED

PEASEBROOK EQUINE CLINIC LIMITED (REGISTERED NUMBER: 04388579)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 January 2024




Page

Company information 1

Statement of financial position 2

Notes to the financial statements 3

Chartered accountants' report 7

PEASEBROOK EQUINE CLINIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 January 2024







DIRECTOR: Mr T Galer





SECRETARY: Mrs C Galer





REGISTERED OFFICE: The Surgery
Little Buckland
Broadway
Worcestershire
WR12 7JH





REGISTERED NUMBER: 04388579 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

PEASEBROOK EQUINE CLINIC LIMITED (REGISTERED NUMBER: 04388579)

STATEMENT OF FINANCIAL POSITION
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 643,827 588,173
643,827 588,173

CURRENT ASSETS
Stocks 6,000 5,500
Debtors 6 143,401 132,104
Cash at bank and in hand 267,901 256,092
417,302 393,696
CREDITORS
Amounts falling due within one year 7 114,334 116,277
NET CURRENT ASSETS 302,968 277,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

946,795

865,592

CREDITORS
Amounts falling due after more than one year 8 - (37,674 )

PROVISIONS FOR LIABILITIES (24,873 ) (16,936 )
NET ASSETS 921,922 810,982

CAPITAL AND RESERVES
Called up share capital 110 110
Revaluation reserve 9 32,400 32,400
Retained earnings 889,412 778,472
SHAREHOLDERS' FUNDS 921,922 810,982

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 his 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2024 and were signed by:




Mr T Galer - Director


PEASEBROOK EQUINE CLINIC LIMITED (REGISTERED NUMBER: 04388579)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 January 2024

1. STATUTORY INFORMATION

Peasebrook Equine Clinic Limited 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 as modified by the revaluation of certain assets.

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 aquisition of the business in 2004, is being amortised evenly over its estimated useful life of 20 years.

Goodwill will continue to be amortised over its useful life of twenty years as the business continues to have value and benefit of its good name, reputation and connections to the trade.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 Income Statement, 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

PEASEBROOK EQUINE CLINIC LIMITED (REGISTERED NUMBER: 04388579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 30,000
AMORTISATION
At 1 February 2023
and 31 January 2024 30,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 February 2023 453,091 2,780 359,709
Additions - - 64,656
Disposals - - -
At 31 January 2024 453,091 2,780 424,365
DEPRECIATION
At 1 February 2023 - - 272,256
Charge for year - - 38,027
Eliminated on disposal - - -
At 31 January 2024 - - 310,283
NET BOOK VALUE
At 31 January 2024 453,091 2,780 114,082
At 31 January 2023 453,091 2,780 87,453

PEASEBROOK EQUINE CLINIC LIMITED (REGISTERED NUMBER: 04388579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 January 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 February 2023 82,600 107,619 40,096 1,045,895
Additions 475 85,824 - 150,955
Disposals - (80,364 ) - (80,364 )
At 31 January 2024 83,075 113,079 40,096 1,116,486
DEPRECIATION
At 1 February 2023 78,572 69,510 37,384 457,722
Charge for year 1,126 22,820 678 62,651
Eliminated on disposal - (47,714 ) - (47,714 )
At 31 January 2024 79,698 44,616 38,062 472,659
NET BOOK VALUE
At 31 January 2024 3,377 68,463 2,034 643,827
At 31 January 2023 4,028 38,109 2,712 588,173

Cost or valuation at 31 January 2024 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2018 40,000 - -
Cost 413,091 2,780 424,365
453,091 2,780 424,365

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Valuation in 2018 - - - 40,000
Cost 83,075 113,079 40,096 1,076,486
83,075 113,079 40,096 1,116,486

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 135,593 125,963
Prepayments 7,808 6,141
143,401 132,104

PEASEBROOK EQUINE CLINIC LIMITED (REGISTERED NUMBER: 04388579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 24,212
Hire purchase contracts - 10,233
Trade creditors 35,254 25,281
Tax 30,866 19,279
Social security and other taxes 3,283 4,101
VAT 37,306 12,504
Company credit card 3,985 4,922
Directors' loan accounts 340 12,445
Accrued expenses 3,300 3,300
114,334 116,277

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank Loan - 37,674

9. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 32,400

10. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £340(2023: £12,445) owing to the director. This loan has no repayment terms and does not attract interest.

Rent of £2,394 (2023: £4,730) was paid to the director during the year.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PEASEBROOK EQUINE CLINIC LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Peasebrook Equine Clinic Limited for the year ended 31 January 2024 which comprise the Income statement, Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Peasebrook Equine Clinic Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Peasebrook Equine Clinic Limited and state those matters that we have agreed to state to the director of Peasebrook Equine Clinic Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peasebrook Equine Clinic Limited and its director for our work or for this report.

It is your duty to ensure that Peasebrook Equine Clinic Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Peasebrook Equine Clinic Limited. You consider that Peasebrook Equine Clinic Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Peasebrook Equine Clinic Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


Date: .............................................