Cromer Vets Limited 12879049 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is the provision of veterinary services. Digita Accounts Production Advanced 6.30.9574.0 true 12879049 2023-05-01 2024-04-30 12879049 2024-04-30 12879049 core:RetainedEarningsAccumulatedLosses 2024-04-30 12879049 core:ShareCapital 2024-04-30 12879049 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 12879049 bus:SmallEntities 2023-05-01 2024-04-30 12879049 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 12879049 bus:FullAccounts 2023-05-01 2024-04-30 12879049 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12879049 bus:RegisteredOffice 2023-05-01 2024-04-30 12879049 bus:Director1 2023-05-01 2024-04-30 12879049 bus:Director3 2023-05-01 2024-04-30 12879049 bus:Director5 2023-05-01 2024-04-30 12879049 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12879049 core:FurnitureFittings 2023-05-01 2024-04-30 12879049 core:LeaseholdImprovements 2023-05-01 2024-04-30 12879049 core:OfficeEquipment 2023-05-01 2024-04-30 12879049 core:PlantMachinery 2023-05-01 2024-04-30 12879049 countries:EnglandWales 2023-05-01 2024-04-30 12879049 2023-04-30 12879049 2022-05-01 2023-04-30 12879049 2023-04-30 12879049 core:RetainedEarningsAccumulatedLosses 2023-04-30 12879049 core:ShareCapital 2023-04-30 12879049 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 12879049

Cromer Vets Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

Cromer Vets Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Cromer Vets Limited

(Registration number: 12879049)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

150,840

166,685

Current assets

 

Stocks

37,627

45,462

Debtors

76,197

90,886

Cash at bank and in hand

 

44,012

95,337

 

157,836

231,685

Creditors: Amounts falling due within one year

(168,830)

(274,843)

Net current liabilities

 

(10,994)

(43,158)

Total assets less current liabilities

 

139,846

123,527

Provisions for liabilities

(11,967)

(14,383)

Net assets

 

127,879

109,144

Capital and reserves

 

Called up share capital

300

300

Profit and loss account

127,579

108,844

Total equity

 

127,879

109,144

 

Cromer Vets Limited

(Registration number: 12879049)
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

 

Cromer 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 and Wales.

The address of its registered office is:
Westover Veterinary Centre
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 improvements

Straight line over 15 years

Plant and machinery

25% reducing balance

Fixtures and fittings

15% reducing balance

Office equipment

33% reducing balance

 

Cromer 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

200,465

Additions

7,612

At 30 April 2024

208,077

Depreciation

At 1 May 2023

33,780

Charge for the year

23,457

At 30 April 2024

57,237

Carrying amount

At 30 April 2024

150,840

At 30 April 2023

166,685

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of freehold land and buildings and £102,971 (2023 - £109,152) in respect of long leasehold land and buildings.