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
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
Island Vetcare Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
331,155
370,467
Cash at bank and in hand
800,458
503,268
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
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
Island Vetcare Ltd
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
Island Vetcare Ltd
Notes to the Accounts
for the year ended 31 July 2024
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
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
20,265
20,265
Trade creditors
73,944
65,224
Taxes and social security
176,262
128,990
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 37 (2023: 37).