IRIS Accounts Production v24.3.0.553 03927610 director 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039276102023-02-28039276102024-02-29039276102023-03-012024-02-29039276102022-02-28039276102022-03-012023-02-28039276102023-02-2803927610ns15:EnglandWales2023-03-012024-02-2903927610ns14:PoundSterling2023-03-012024-02-2903927610ns10:Director12023-03-012024-02-2903927610ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2903927610ns10:SmallEntities2023-03-012024-02-2903927610ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2903927610ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2903927610ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2903927610ns10:AbridgedAccounts2023-03-012024-02-2903927610ns10:CompanySecretary12023-03-012024-02-2903927610ns10:RegisteredOffice2023-03-012024-02-2903927610ns5:CurrentFinancialInstruments2024-02-2903927610ns5:CurrentFinancialInstruments2023-02-2803927610ns5:Non-currentFinancialInstruments2024-02-2903927610ns5:Non-currentFinancialInstruments2023-02-2803927610ns5:ShareCapital2024-02-2903927610ns5:ShareCapital2023-02-2803927610ns5:FurtherSpecificReserve3ComponentTotalEquity2024-02-2903927610ns5:FurtherSpecificReserve3ComponentTotalEquity2023-02-2803927610ns5:RetainedEarningsAccumulatedLosses2024-02-2903927610ns5:RetainedEarningsAccumulatedLosses2023-02-2803927610ns5:LandBuildings2023-03-012024-02-2903927610ns5:PlantMachinery2023-03-012024-02-2903927610ns5:Cost2023-02-2803927610ns5:Secured2024-02-2903927610ns5:Secured2023-02-2803927610ns5:Secured2023-03-012024-02-2903927610ns5:DeferredTaxation2023-02-2803927610ns5:DeferredTaxation2023-03-012024-02-2903927610ns5:DeferredTaxation2024-02-2903927610ns5:FurtherSpecificReserve3ComponentTotalEquity2023-02-28
REGISTERED NUMBER: 03927610 (England and Wales)







Abridged Financial Statements for the Year Ended 29th February 2024

for

Ambleside Animal Clinic Limited

Ambleside Animal Clinic Limited (Registered number: 03927610)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Ambleside Animal Clinic Limited

Company Information
for the Year Ended 29th February 2024







DIRECTOR: I R Clarke





SECRETARY: Mrs K J Clarke





REGISTERED OFFICE: 357 Tolladine Road
Worcester
Worcestershire
WR4 9NG





REGISTERED NUMBER: 03927610 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Ambleside Animal Clinic Limited (Registered number: 03927610)

Abridged Balance Sheet
29th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 488,268 489,052
Investments 5 1 1
488,269 489,053

CURRENT ASSETS
Stocks 44,187 20,000
Debtors 64,032 66,877
Cash at bank and in hand 36,387 121
144,606 86,998
CREDITORS
Amounts falling due within one year 152,936 144,503
NET CURRENT LIABILITIES (8,330 ) (57,505 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

479,939

431,548

CREDITORS
Amounts falling due after more than one
year

(8,623

)

(3,554

)

PROVISIONS FOR LIABILITIES 7 (45,900 ) (34,300 )
NET ASSETS 425,416 393,694

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 96,133 104,133
Retained earnings 329,281 289,559
SHAREHOLDERS' FUNDS 425,416 393,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Ambleside Animal Clinic Limited (Registered number: 03927610)

Abridged Balance Sheet - continued
29th February 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29th February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 15th November 2024 and were signed by:





I R Clarke - Director


Ambleside Animal Clinic Limited (Registered number: 03927610)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

Ambleside Animal Clinic Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

No depreciation is provided on the company's buildings as the director does not consider it necessary due to the level of maintenance.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 TAX
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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 12 ) .

Ambleside Animal Clinic Limited (Registered number: 03927610)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1st March 2023 608,095
Additions 13,703
Disposals (3,651 )
At 29th February 2024 618,147
DEPRECIATION
At 1st March 2023 119,043
Charge for year 12,851
Eliminated on disposal (2,015 )
At 29th February 2024 129,879
NET BOOK VALUE
At 29th February 2024 488,268
At 28th February 2023 489,052

Cost or valuation at 29th February 2024 is represented by:

Totals
£   
Valuation in 2018 7,002
Valuation in 2020 51,131
Valuation in 2023 70,000
Cost 490,014
618,147

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 291,867 291,867

Freehold property was valued on an open market basis on 28th February 2024 by the director .

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st March 2023
and 29th February 2024 1
NET BOOK VALUE
At 29th February 2024 1
At 28th February 2023 1

Ambleside Animal Clinic Limited (Registered number: 03927610)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 32,899
Bank loans - 2,833
Hire purchase contracts 12,732 5,331
12,732 41,063

The bank loans included within the accounts are secured by a personal guarantee from the director, Mr I R Clarke.

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 45,900 34,300

Deferred
tax
£   
Balance at 1st March 2023 34,300
Provided during year 11,600
Balance at 29th February 2024 45,900

8. RESERVES
Revaluation
reserve
£   
At 1st March 2023 104,133
Freehold property revaluation (8,000 )

At 29th February 2024 96,133

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in Creditors is a loan from the director, Mr I R Clarke. It is interest free.