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Registration number: 13697513

My Home Pet Vet Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2024

 

My Home Pet Vet Ltd

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

My Home Pet Vet Ltd

(Registration number: 13697513)
Abridged Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

38,794

20,243

Current assets

 

Stocks

7,974

4,728

Debtors

117,677

17,604

Cash at bank and in hand

 

204,026

145,674

 

329,677

168,006

Creditors: Amounts falling due within one year

(100,306)

(110,471)

Net current assets

 

229,371

57,535

Total assets less current liabilities

 

268,165

77,778

Provisions for liabilities

(9,669)

(4,712)

Net assets

 

258,496

73,066

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

258,396

72,966

Total equity

 

258,496

73,066

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 director acknowledges his 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 director on 20 October 2024
 

Mr C A H Thompson

Director

 

My Home Pet Vet Ltd

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 and Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the director on 20 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 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

Motor vehicles

25% reducing balance

Plant and machinery

25% reducing balance

Office equipment

25% reducing balance

 

My Home Pet Vet Ltd

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 4).

4

Tangible assets

Total
£

Cost or valuation

At 1 February 2023

26,991

Additions

31,481

At 31 January 2024

58,472

Depreciation

At 1 February 2023

6,748

Charge for the year

12,930

At 31 January 2024

19,678

Carrying amount

At 31 January 2024

38,794

At 31 January 2023

20,243

5

Related party transactions

Advances to directors


Mr C A H Thompson

During the period Mr C A H Thompson went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £90,928. At the year end the amount outstanding from Mr C A H Thompson was £90,928. Interest has been charged at the HMRC approved rate.