Rackheath Vets Limited 13440538 false 2023-02-01 2024-02-29 2024-02-29 The principal activity of the company is the provision of veterinary services. Digita Accounts Production Advanced 6.30.9574.0 true true 13440538 2023-02-01 2024-02-29 13440538 2024-02-29 13440538 core:RetainedEarningsAccumulatedLosses 2024-02-29 13440538 core:ShareCapital 2024-02-29 13440538 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 13440538 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 13440538 bus:SmallEntities 2023-02-01 2024-02-29 13440538 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-02-29 13440538 bus:FullAccounts 2023-02-01 2024-02-29 13440538 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-02-29 13440538 bus:RegisteredOffice 2023-02-01 2024-02-29 13440538 bus:Director1 2023-02-01 2024-02-29 13440538 bus:Director1 1 2023-02-01 2024-02-29 13440538 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-02-29 13440538 core:FurnitureFittings 2023-02-01 2024-02-29 13440538 core:LandBuildings 2023-02-01 2024-02-29 13440538 core:MotorVehicles 2023-02-01 2024-02-29 13440538 core:OfficeEquipment 2023-02-01 2024-02-29 13440538 core:PlantMachinery 2023-02-01 2024-02-29 13440538 1 2023-02-01 2024-02-29 13440538 countries:EnglandWales 2023-02-01 2024-02-29 13440538 2023-01-31 13440538 2022-07-01 2023-01-31 13440538 2023-01-31 13440538 core:RetainedEarningsAccumulatedLosses 2023-01-31 13440538 core:ShareCapital 2023-01-31 13440538 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 13440538 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 13440538

Rackheath Vets Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 1 February 2023 to 29 February 2024

 

Rackheath Vets Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Rackheath Vets Limited

(Registration number: 13440538)
Abridged Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

254,806

157,109

Current assets

 

Stocks

65,823

24,342

Debtors

713,622

54,467

Cash at bank and in hand

 

6

57,686

 

779,451

136,495

Creditors: Amounts falling due within one year

5

(1,422,212)

(425,944)

Net current liabilities

 

(642,761)

(289,449)

Total assets less current liabilities

 

(387,955)

(132,340)

Creditors: Amounts falling due after more than one year

6

(75,652)

-

Provisions for liabilities

127,416

-

Net liabilities

 

(336,191)

(132,340)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(336,291)

(132,440)

Total equity

 

(336,191)

(132,340)

 

Rackheath Vets Limited

(Registration number: 13440538)
Abridged Balance Sheet as at 29 February 2024

For the financial period ending 29 February 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 director acknowledges his 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 director on 28 November 2024
 

Mr C Tomlinson

Director

 

Rackheath Vets Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 February 2023 to 29 February 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:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the director on 28 November 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.

Disclosure of long or short period

The accounts have been prepared on a 13 month period to bring the accounting year in line with the VAT periods.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's current liabilities at 29 February 2024, an amount is owed to the director, who has 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.

Revenue recognition

Turnover represents the amounts, excluding value added tax, 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.

 

Rackheath Vets Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 February 2023 to 29 February 2024

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

Freehold Property

25% Reducing balance

Motor Vehicles

25% Straight Line

Plant & Machinery

15% Straight line

Fixtures & Fittings

15% Straight line

Office equipment

15% 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 the director) during the period, was 24 (2023 - 7).

4

Tangible assets

Total
£

Cost or valuation

At 1 February 2023

175,892

Additions

157,387

At 29 February 2024

333,279

Depreciation

At 1 February 2023

18,783

Charge for the period

59,690

At 29 February 2024

78,473

Carrying amount

At 29 February 2024

254,806

At 31 January 2023

157,109

5

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £24,800 (2023 - £Nil).

6

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £75,652 (2023 - £Nil).

 

Rackheath Vets Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 February 2023 to 29 February 2024

7

Related party transactions

Advances to directors


Mr C Tomlinson

During the period Mr C Tomlinson went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £39,590 (2023 - £Nil). At the year end the amount outstanding from Mr C Tomlinson was £Nil (2023 - £-). Interest has been charged at the commercial rate.