7 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,750 4,750 4,750 10,368 41,000 51,368 4,071 12,842 16,913 34,455 6,297 xbrli:pure xbrli:shares iso4217:GBP 08983414 2023-05-01 2024-04-30 08983414 2024-04-30 08983414 2023-04-30 08983414 2022-05-01 2023-04-30 08983414 2023-04-30 08983414 2022-04-30 08983414 core:PlantMachinery 2023-05-01 2024-04-30 08983414 bus:Director1 2023-05-01 2024-04-30 08983414 bus:Director2 2023-05-01 2024-04-30 08983414 core:PlantMachinery 2023-04-30 08983414 core:PlantMachinery 2024-04-30 08983414 core:WithinOneYear 2024-04-30 08983414 core:WithinOneYear 2023-04-30 08983414 core:AfterOneYear 2024-04-30 08983414 core:AfterOneYear 2023-04-30 08983414 core:ShareCapital 2024-04-30 08983414 core:ShareCapital 2023-04-30 08983414 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-30 08983414 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-30 08983414 core:PlantMachinery 2023-04-30 08983414 bus:SmallEntities 2023-05-01 2024-04-30 08983414 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08983414 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08983414 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08983414 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 08983414
CT VETS LTD
Filleted Unaudited Financial Statements
30 April 2024
CT VETS LTD
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
4,750
4,750
Tangible assets
6
34,455
6,297
--------
--------
39,205
11,047
Current assets
Stocks
6,700
5,700
Debtors
7
68,382
35,962
Cash at bank and in hand
23,741
56,494
--------
--------
98,823
98,156
Creditors: amounts falling due within one year
8
47,204
66,375
--------
--------
Net current assets
51,619
31,781
--------
--------
Total assets less current liabilities
90,824
42,828
Creditors: amounts falling due after more than one year
9
90,724
42,728
--------
--------
Net assets
100
100
--------
--------
Capital and reserves
Called up share capital
100
100
----
----
Shareholders funds
100
100
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
CT VETS LTD
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 20 January 2025 , and are signed on behalf of the board by:
Mr Stefano Skert
Mrs Martina Emiliani
Director
Director
Company registration number: 08983414
CT VETS LTD
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 83 Breamwater Gardens, Richmond, Surrey, TW10 7SG, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2023: 5 ).
5. Intangible assets
Development costs
£
Cost
At 1 May 2023 and 30 April 2024
4,750
-------
Amortisation
At 1 May 2023 and 30 April 2024
-------
Carrying amount
At 30 April 2024
4,750
-------
At 30 April 2023
4,750
-------
6. Tangible assets
Plant and machinery
£
Cost
At 1 May 2023
10,368
Additions
41,000
--------
At 30 April 2024
51,368
--------
Depreciation
At 1 May 2023
4,071
Charge for the year
12,842
--------
At 30 April 2024
16,913
--------
Carrying amount
At 30 April 2024
34,455
--------
At 30 April 2023
6,297
--------
7. Debtors
2024
2023
£
£
Trade debtors
5,083
5,155
Other debtors
63,299
30,807
--------
--------
68,382
35,962
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
44
75
Trade creditors
11,682
4,866
Corporation tax
124,151
49,249
Social security and other taxes
63,810
29,696
Other creditors
( 152,483)
( 17,511)
---------
--------
47,204
66,375
---------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
90,724
42,728
--------
--------
10. Directors' advances, credits and guarantees
The loan of £152,807.77 to shareholders is interest free and repayable on demand.