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REGISTERED NUMBER: 06586206 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

POOLE ROAD VETERINARY LTD

POOLE ROAD VETERINARY LTD (REGISTERED NUMBER: 06586206)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance sheet 1

Notes to the financial statements 2


POOLE ROAD VETERINARY LTD (REGISTERED NUMBER: 06586206)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 - 12,597
- 12,597

Current assets
Stocks - 17,096
Debtors 6 911 1,142
Cash at bank and in hand 29,136 21,111
30,047 39,349
Creditors
Amounts falling due within one year 7 12,434 41,031
Net current assets/(liabilities) 17,613 (1,682 )
Total assets less current liabilities 17,613 10,915

Provisions for liabilities 8 - 2,519
Net assets 17,613 8,396

Capital and reserves
Called up share capital 9 102 102
Retained earnings 17,511 8,294
Shareholders' funds 17,613 8,396

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:



Lady G Feilden - Director


POOLE ROAD VETERINARY LTD (REGISTERED NUMBER: 06586206)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Poole Road Veterinary Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06586206. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 35 Bowerwood Road, Fordingbridge, Hampshire, SP6 1BL.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable, excluding value added tax, in respect of services provided in the ordinary course of business. Turnover is recognised when the service has been provided to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2009, has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

POOLE ROAD VETERINARY LTD (REGISTERED NUMBER: 06586206)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 6 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2023 126,747
Disposals (126,747 )
At 31 March 2024 -
Amortisation
At 1 April 2023 126,747
Eliminated on disposal (126,747 )
At 31 March 2024 -
Net book value
At 31 March 2024 -
At 31 March 2023 -

5. Tangible fixed assets
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
Cost
At 1 April 2023 3,000 40,834 16,708 60,542
Additions - - 1,112 1,112
Disposals (3,000 ) (40,834 ) (17,820 ) (61,654 )
At 31 March 2024 - - - -
Depreciation
At 1 April 2023 3,000 31,612 13,333 47,945
Eliminated on disposal (3,000 ) (31,612 ) (13,333 ) (47,945 )
At 31 March 2024 - - - -
Net book value
At 31 March 2024 - - - -
At 31 March 2023 - 9,222 3,375 12,597

POOLE ROAD VETERINARY LTD (REGISTERED NUMBER: 06586206)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors - 258
VAT 911 -
Prepayments - 884
911 1,142

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 285 18,767
Tax 7,356 11,641
Social security and other taxes - 71
Pension creditor - 23
VAT - 6,280
Directors' current accounts 73 419
Accruals and deferred income 4,720 3,830
12,434 41,031

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax - 2,519

Deferred
tax
£   
Balance at 1 April 2023 2,519
Credit to Income statement during year (2,519 )
Balance at 31 March 2024 -

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
2 A £1 2 2
102 102

10. Ultimate controlling party

The company is controlled by its directors Sir H and Lady G Feilden who between them own 100% of the issued share capital.