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Registration number: SC451131

Central Equine Veterinary Services Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2024

 

Central Equine Veterinary Services Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Central Equine Veterinary Services Limited

(Registration number: SC451131)
Abridged Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

4,440

6,660

Tangible assets

5

96,369

118,414

 

100,809

125,074

Current assets

 

Stocks

17,208

14,012

Debtors

108,830

65,663

Cash at bank and in hand

 

87,819

87,553

 

213,857

167,228

Creditors: Amounts falling due within one year

(125,297)

(97,234)

Net current assets

 

88,560

69,994

Total assets less current liabilities

 

189,369

195,068

Creditors: Amounts falling due after more than one year

(28,820)

(45,020)

Provisions for liabilities

(24,138)

(29,603)

Net assets

 

136,411

120,445

Capital and reserves

 

Called up share capital

50

50

Profit and loss account

136,361

120,395

Total equity

 

136,411

120,445

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 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.

 

Central Equine Veterinary Services Limited

(Registration number: SC451131)
Abridged Balance Sheet as at 31 January 2024

Approved and authorised by the Board on 22 October 2024 and signed on its behalf by:
 

M Corsar

Director

ML Hanks

Director

Mrs H A Marshall

Director

 

Central Equine Veterinary Services Limited

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 Scotland.

The address of its registered office is:
Swanston Farm
109 / 3A Swanston Road
Edinburgh
EH10 7DS

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 VAT, 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

Motor vehicles

25% reducing balance

Fixtures and equipment

15% reducing balance

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Central Equine Veterinary Services Limited

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

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

Goodwill

10% 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 year, was 7 (2023 - 7).

 

Central Equine Veterinary Services Limited

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

4

Intangible assets

Total
£

Cost or valuation

At 1 February 2023

22,200

At 31 January 2024

22,200

Amortisation

At 1 February 2023

15,540

Amortisation charge

2,220

At 31 January 2024

17,760

Carrying amount

At 31 January 2024

4,440

At 31 January 2023

6,660

5

Tangible assets

Total
£

Cost or valuation

At 1 February 2023

230,376

Additions

2,922

Disposals

(399)

At 31 January 2024

232,899

Depreciation

At 1 February 2023

111,962

Charge for the year

24,628

Eliminated on disposal

(60)

At 31 January 2024

136,530

Carrying amount

At 31 January 2024

96,369

At 31 January 2023

118,414