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Company Registration No. 10855802 (England and Wales)
Island Vetcare Ltd Unaudited accounts for the year ended 31 July 2024
Island Vetcare Ltd Unaudited accounts Contents
Page
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Island Vetcare Ltd Company Information for the year ended 31 July 2024
Directors
Mr Ian Nicholson Mr Matthew Twitchett
Company Number
10855802 (England and Wales)
Registered Office
Brading Road Ryde Isle of Wight PO33 1QG
Accountants
Babcock Tax & Accountancy Services Ltd The Florins, 8 Lulworth Close Hayling Island Hampshire PO11 0NY
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Island Vetcare Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
331,155 
370,467 
Current assets
Inventories
92,939 
83,304 
Debtors
64,094 
76,544 
Cash at bank and in hand
800,458 
503,268 
957,491 
663,116 
Creditors: amounts falling due within one year
(320,539)
(244,774)
Net current assets
636,952 
418,342 
Total assets less current liabilities
968,107 
788,809 
Creditors: amounts falling due after more than one year
(76,757)
(96,916)
Provisions for liabilities
Deferred tax
(38,877)
(40,146)
Net assets
852,473 
651,747 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
852,373 
651,647 
Shareholders' funds
852,473 
651,747 
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by
Mr Matthew Twitchett Director Company Registration No. 10855802
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Island Vetcare Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Island Vetcare Ltd is a private company, limited by shares, registered in England and Wales, registration number 10855802. The registered office is Brading Road, Ryde, Isle of Wight, PO33 1QG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Improvements to property - in accordance with the property Plant & Machinery - 10% on reducing balance Fixtures & Fittings - 10% on reducing balance Computer Equipment - 33% on cost
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2023
272,827 
260,791 
15,495 
20,966 
570,079 
Additions
- 
8,612 
1,774 
2,463 
12,849 
Disposals
- 
(1,947)
- 
- 
(1,947)
At 31 July 2024
272,827 
267,456 
17,269 
23,429 
580,981 
Depreciation
At 1 August 2023
113,659 
67,045 
5,664 
13,244 
199,612 
Charge for the year
27,283 
19,374 
983 
2,574 
50,214 
At 31 July 2024
140,942 
86,419 
6,647 
15,818 
249,826 
Net book value
At 31 July 2024
131,885 
181,037 
10,622 
7,611 
331,155 
At 31 July 2023
159,168 
193,746 
9,831 
7,722 
370,467 
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Island Vetcare Ltd Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
36,695 
53,249 
Accrued income and prepayments
10,803 
12,509 
Other debtors
16,596 
10,786 
64,094 
76,544 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
20,265 
20,265 
VAT
34,250 
29,975 
Trade creditors
73,944 
65,224 
Taxes and social security
176,262 
128,990 
Other creditors
445 
- 
Accruals
15,373 
320 
320,539 
244,774 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
76,757 
96,916 
8
Average number of employees
During the year the average number of employees was 37 (2023: 37).
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