2023-07-012024-06-302024-06-30false07247390NEZVET 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NEZVET LTD

Registered Number
07247390
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

NEZVET LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

BROCKWAY, Neralie Anne

Company Secretary

BROCKWAY, Neralie

Registered Address

72 Victoria Avenue
Bloxwich
WS3 3HS

Registered Number

07247390 (England and Wales)
NEZVET LTD
Statement of Financial Position
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,1881,810
3,1881,810
Current assets
Debtors44,6464,807
Cash at bank and on hand33,34218,618
37,98823,425
Creditors amounts falling due within one year5(37,376)(24,968)
Net current assets (liabilities)612(1,543)
Total assets less current liabilities3,800267
Net assets3,800267
Capital and reserves
Called up share capital101101
Profit and loss account3,699166
Shareholders' funds3,800267
The financial statements were approved and authorised for issue by the Director on 8 October 2024, and are signed on its behalf by:
BROCKWAY, Neralie Anne
Director
Registered Company No. 07247390
NEZVET LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Fixtures and fittings25
Office Equipment20
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 July 237,9814,52512,506
Additions3032,1502,453
At 30 June 248,2846,67514,959
Depreciation and impairment
At 01 July 237,9812,71510,696
Charge for year301,0451,075
At 30 June 248,0113,76011,771
Net book value
At 30 June 242732,9153,188
At 30 June 23-1,8101,810
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables4,3254,505
Prepayments and accrued income321302
Total4,6464,807
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables990110
Taxation and social security6,8394,035
Other creditors29,54720,823
Total37,37624,968