Hatston Veterinary Centre Limited SC340215 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is that of providing veterinary services and supplies. Digita Accounts Production Advanced 6.30.9574.0 true SC340215 2023-03-01 2024-02-29 SC340215 2024-02-29 SC340215 core:RetainedEarningsAccumulatedLosses 2024-02-29 SC340215 core:ShareCapital 2024-02-29 SC340215 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 SC340215 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 SC340215 bus:SmallEntities 2023-03-01 2024-02-29 SC340215 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 SC340215 bus:FullAccounts 2023-03-01 2024-02-29 SC340215 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC340215 bus:RegisteredOffice 2023-03-01 2024-02-29 SC340215 bus:Director2 2023-03-01 2024-02-29 SC340215 bus:Director3 2023-03-01 2024-02-29 SC340215 bus:Director4 2023-03-01 2024-02-29 SC340215 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC340215 core:LandBuildings 2023-03-01 2024-02-29 SC340215 core:MotorVehicles 2023-03-01 2024-02-29 SC340215 core:PlantMachinery 2023-03-01 2024-02-29 SC340215 countries:Scotland 2023-03-01 2024-02-29 SC340215 2023-02-28 SC340215 2022-03-01 2023-02-28 SC340215 2023-02-28 SC340215 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC340215 core:ShareCapital 2023-02-28 SC340215 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 SC340215 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 iso4217:GBP xbrli:pure

Registration number: SC340215

Hatston Veterinary Centre Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 29 February 2024

 

Hatston Veterinary Centre Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Hatston Veterinary Centre Limited

(Registration number: SC340215)
Abridged Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

800,149

792,702

Current assets

 

Stocks

65,876

57,868

Debtors

84,869

76,224

Cash at bank and in hand

 

125,766

141,221

 

276,511

275,313

Creditors: Amounts falling due within one year

5

(185,311)

(190,095)

Net current assets

 

91,200

85,218

Total assets less current liabilities

 

891,349

877,920

Creditors: Amounts falling due after more than one year

6

(424,780)

(437,000)

Provisions for liabilities

(33,017)

(36,380)

Net assets

 

433,552

404,540

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

433,550

404,538

Total equity

 

433,552

404,540

 

Hatston Veterinary Centre Limited

(Registration number: SC340215)
Abridged Balance Sheet as at 29 February 2024

For the financial year 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 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.

Approved and authorised by the Board on 28 November 2024 and signed on its behalf by:
 

K Carmichael

Director

J D Davidson

Director

M Sinclair

Director

 

Hatston Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Flett & Carmichael
Unit 1 Garrison Road
Hatston Industrial Estate
Kirkwall
KW15 1GN

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

Freehold buildings

2% straight line

Motor vehicles

25% reducing balance

Fixtures and equipment

15% reducing balance

 

Hatston Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 22 (2023 - 19).

4

Tangible assets

Total
£

Cost or valuation

At 1 March 2023

935,216

Additions

45,012

At 29 February 2024

980,228

Depreciation

At 1 March 2023

142,514

Charge for the year

37,565

At 29 February 2024

180,079

Carrying amount

At 29 February 2024

800,149

At 28 February 2023

792,702

5

Creditors: amounts falling due within one year

Creditors include bank loans which are secured of £17,600. (2023 - £23,000).

6

Creditors: amounts falling due after more than one year

Creditors include bank loans which are secured of £424,780 (2023 - £437,000).

Creditors due after more than five years includes bank loans of £354,380 (2023 - £345,000)