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Registration number: 10049911

Caister Vets Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

Caister Vets Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Caister Vets Limited

(Registration number: 10049911)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

959,068

978,161

Current assets

 

Stocks

80,774

61,783

Debtors

68,802

235,808

Cash at bank and in hand

 

114,618

68,535

 

264,194

366,126

Creditors: Amounts falling due within one year

5

(231,623)

(312,997)

Net current assets

 

32,571

53,129

Total assets less current liabilities

 

991,639

1,031,290

Creditors: Amounts falling due after more than one year

6

(726,245)

(644,680)

Provisions for liabilities

(131,137)

(103,211)

Net assets

 

134,257

283,399

Capital and reserves

 

Called up share capital

300

300

Profit and loss account

133,957

283,099

Total equity

 

134,257

283,399

 

Caister Vets Limited

(Registration number: 10049911)
Abridged Balance Sheet as at 30 April 2024

For the financial year ending 30 April 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 15 October 2024 and signed on its behalf by:
 

Mr T Hume

Director

Mr N T Morrell

Director

Mrs A Dawson

Director

 

Caister Vets Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 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:
Hornbeam Business Park
Hornbeam Road
North Walsham
Norfolk
NR28 0FX

These financial statements were authorised for issue by the Board on 15 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

Leasehold property

6.67 - 7.41% Straight Line

Plant and Machinery

25% Reducing Balance

Fixtures and Fittings

15% Reducing Balance

Office Equipment

33% Reducing Balance

 

Caister Vets Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 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 4 (2023 - 4).

4

Tangible assets

Total
£

Cost or valuation

At 1 May 2023

1,094,622

Additions

94,363

At 30 April 2024

1,188,985

Depreciation

At 1 May 2023

116,458

Charge for the year

113,459

At 30 April 2024

229,917

Carrying amount

At 30 April 2024

959,068

At 30 April 2023

978,161

5

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 £48,000 (2023 - £7,600).

6

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 £726,245 (2023 - £644,680).