Registered number
05929223
TRIAGE VETS LIMITED
Filleted Accounts
30 September 2024
JR HEUNG & CO.
Chartered Certified Accountants
38 Greenway
Totteridge
London
N20 8ED
1116-24
TRIAGE VETS LIMITED
Registered number: 05929223
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 13,261 14,844
Current assets
Stocks 6,040 6,845
Debtors 5 3,508 4,323
Cash at bank and in hand 329,338 433,970
338,886 445,138
Creditors: amounts falling due within one year 6 (173,770) (202,854)
Net current assets 165,116 242,284
Total assets less current liabilities 178,377 257,128
Creditors: amounts falling due after more than one year 7 (25,027) (35,125)
Provisions for liabilities (2,652) (2,820)
Net assets 150,698 219,183
Capital and reserves
Called up share capital 100 100
Profit and loss account 150,598 219,083
Shareholders' funds 150,698 219,183
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs. H Senaratne
Director
Approved by the board on 21 October 2024
TRIAGE VETS LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 20% p.a on written down value
Fixtures and Fittings 10% p.a on written down value
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 35,115
At 30 September 2024 35,115
Amortisation
At 1 October 2023 35,115
At 30 September 2024 35,115
Net book value
At 30 September 2024 -
Lease Premium is being written off in equal annual instalments over its estimated economic life of 8 years.
4 Tangible fixed assets
Fixtures & Fittings Equipment Total
£ £ £
Cost
At 1 October 2023 30,646 29,210 59,856
Additions - 479 479
At 30 September 2024 30,646 29,689 60,335
Depreciation
At 1 October 2023 20,628 24,384 45,012
Charge for the year 1,001 1,061 2,062
At 30 September 2024 21,629 25,445 47,074
Net book value
At 30 September 2024 9,017 4,244 13,261
At 30 September 2023 10,018 4,826 14,844
5 Debtors 2024 2023
£ £
Trade debtors 3,508 4,323
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 47,356 50,654
Other creditors 126,414 152,200
173,770 202,854
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 25,027 35,125
8 Controlling party
The company is controlled by H Patel by virtue of having ownership of 100% of the issued share capital in the company.
9 Other information
TRIAGE VETS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
9 BITTACY HILL
MILL HILL
LONDON
ENGLAND
NW7 1HS
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