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Registration number: 13708383

Dereham Vets Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 1 January 2023 to 30 April 2024

 

Dereham Vets Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Dereham Vets Limited

(Registration number: 13708383)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2022
£

Fixed assets

 

Intangible assets

4

1,611

-

Tangible assets

5

722,963

-

 

724,574

-

Current assets

 

Stocks

6

12,978

-

Debtors

32,199

300

Cash at bank and in hand

 

29,336

-

 

74,513

300

Creditors: Amounts falling due within one year

7

(506,907)

-

Net current (liabilities)/assets

 

(432,394)

300

Total assets less current liabilities

 

292,180

300

Creditors: Amounts falling due after more than one year

8

(422,556)

-

Provisions for liabilities

27,957

-

Net (liabilities)/assets

 

(102,419)

300

Capital and reserves

 

Called up share capital

300

300

Profit and loss account

(102,719)

-

Total equity

 

(102,419)

300

 

Dereham Vets Limited

(Registration number: 13708383)
Abridged Balance Sheet as at 30 April 2024

For the financial period 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 period 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 20 October 2024 and signed on its behalf by:
 

Ms K Davis

Director

Mr J L Tilly

Director

Mr T Hume

Director

Mrs F R Scott

Director

Mr N T Morrell

Director

 

Dereham Vets Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 January 2023 to 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:
157 Shipdham Road
Hillside Nurseries
Toftwood
Dereham
Norfolk
NR19 1NP
England

These financial statements were authorised for issue by the Board 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.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's current liabilities at 30 April 2024, an amount of £321,125 is owed to companies controlled by the directors, who have agreed to continue to support the company, and not to demand repayment of this amount to the extent that any such repayment would jeopardise the future of the company.

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.

 

Dereham Vets Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 January 2023 to 30 April 2024

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 improvments

7% straight line

Fixtures and fittings

25% reducing balance

Plant and machinery

25% reducing balance

Office equipment

25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website development

20% straight line

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 period, was 8 (2022 - 0).

4

Intangible assets

Total
£

Cost or valuation

Additions

1,790

At 30 April 2024

1,790

Amortisation

Amortisation charge

179

At 30 April 2024

179

Carrying amount

At 30 April 2024

1,611

 

Dereham Vets Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 January 2023 to 30 April 2024

5

Tangible assets

Total
£

Cost or valuation

Additions

763,503

Disposals

(487)

At 30 April 2024

763,016

Depreciation

Charge for the period

40,053

At 30 April 2024

40,053

Carrying amount

At 30 April 2024

722,963

Included within the net book value of land and buildings above is £571,559 (2022 - £Nil) in respect of short leasehold land and buildings.
 

6

Stocks

2024
£

2022
£

Stock

12,978

-

7

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts of £32,400 (2022 - £0).

8

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts of £422,557 (2022 - £0).

Creditors include bank loans repayable by instalments of £292,957.00 (2022 - £0.00) due after more than five years.