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Registration number: 11988395

Friars Moor Veterinary Clinic Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

Friars Moor Veterinary Clinic Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Friars Moor Veterinary Clinic Limited

(Registration number: 11988395)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

275,250

293,600

Tangible assets

5

369,318

389,348

 

644,568

682,948

Current assets

 

Stocks

98,841

85,907

Debtors

537,858

462,221

Cash at bank and in hand

 

30,810

53,500

 

667,509

601,628

Creditors: Amounts falling due within one year

6

(747,705)

(645,237)

Net current liabilities

 

(80,196)

(43,609)

Total assets less current liabilities

 

564,372

639,339

Creditors: Amounts falling due after more than one year

7

(151,001)

(155,500)

Provisions for liabilities

(21,929)

(23,629)

Net assets

 

391,442

460,210

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

391,342

460,110

Total equity

 

391,442

460,210

 

Friars Moor Veterinary Clinic Limited

(Registration number: 11988395)
Abridged Balance Sheet as at 30 April 2024

For the financial year ending 30 April 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 8 November 2024 and signed on its behalf by:
 

Mr Y Alony-Gilboa

Director

Mrs H C Rogers

Director

Mrs C K D Hutton

Director

Mr D C C Hayes

Director

 

Friars Moor Veterinary Clinic Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 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:
Friars Moor Veterinary Clinic
Manston Road
Sturminster Newton
Dorset
DT10 1BH

These financial statements were authorised for issue by the Board on 8 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.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's current liabilities at 30 April 2024, an amount is owed to related companies, who have 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Friars Moor Veterinary Clinic Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

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

Leasehold property

over term of lease

Plant and machinery

25% reducing balance

Fixtures and fittings

25% reducing balance

Office equipment

25% reducing balance

Motor vehicles

25% reducing balance

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

5% 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 45 (2023 - 43).

4

Intangible assets

Total
£

Cost or valuation

At 1 May 2023

367,000

At 30 April 2024

367,000

Amortisation

At 1 May 2023

73,400

Amortisation charge

18,350

At 30 April 2024

91,750

Carrying amount

At 30 April 2024

275,250

At 30 April 2023

293,600

 

Friars Moor Veterinary Clinic Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

5

Tangible assets

Total
£

Cost or valuation

At 1 May 2023

514,671

Additions

26,102

At 30 April 2024

540,773

Depreciation

At 1 May 2023

125,323

Charge for the year

46,132

At 30 April 2024

171,455

Carrying amount

At 30 April 2024

369,318

At 30 April 2023

389,348

6

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 £10,000 (2023 - £15,500).

7

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 £151,101 (2023 - £155,500).