Vale Veterinary Group (LA) Ltd 09480079 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is the provision of veterinary services. Digita Accounts Production Advanced 6.30.9574.0 true 09480079 2023-05-01 2024-04-30 09480079 2024-04-30 09480079 core:CapitalRedemptionReserve 2024-04-30 09480079 core:RetainedEarningsAccumulatedLosses 2024-04-30 09480079 core:ShareCapital 2024-04-30 09480079 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 09480079 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 09480079 core:MoreThanFiveYears 1 2024-04-30 09480079 bus:SmallEntities 2023-05-01 2024-04-30 09480079 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 09480079 bus:FullAccounts 2023-05-01 2024-04-30 09480079 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09480079 bus:RegisteredOffice 2023-05-01 2024-04-30 09480079 bus:Director6 2023-05-01 2024-04-30 09480079 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09480079 core:Goodwill 2023-05-01 2024-04-30 09480079 core:MotorVehicles 2023-05-01 2024-04-30 09480079 core:PlantMachinery 2023-05-01 2024-04-30 09480079 countries:England 2023-05-01 2024-04-30 09480079 2023-04-30 09480079 2022-05-01 2023-04-30 09480079 2023-04-30 09480079 core:CapitalRedemptionReserve 2023-04-30 09480079 core:RetainedEarningsAccumulatedLosses 2023-04-30 09480079 core:ShareCapital 2023-04-30 09480079 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 09480079 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 09480079 core:MoreThanFiveYears 1 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 09480079

Vale Veterinary Group (LA) Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

Vale Veterinary Group (LA) Ltd

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

Vale Veterinary Group (LA) Ltd

(Registration number: 09480079)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

7,811

81,066

Tangible assets

5

236,135

172,457

 

243,946

253,523

Current assets

 

Stocks

6

30,285

39,301

Debtors

996,180

1,158,589

Cash at bank and in hand

 

162,372

122,820

 

1,188,837

1,320,710

Creditors: Amounts falling due within one year

(893,795)

(642,988)

Net current assets

 

295,042

677,722

Total assets less current liabilities

 

538,988

931,245

Creditors: Amounts falling due after more than one year

7

(126,521)

(48,961)

Provisions for liabilities

(52,398)

(37,367)

Net assets

 

360,069

844,917

Capital and reserves

 

Called up share capital

500

600

Capital redemption reserve

100

-

Profit and loss account

359,469

844,317

Total equity

 

360,069

844,917

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 27 January 2025 and signed on its behalf by:
 

Mr D Leyman

Director

 

Vale Veterinary Group (LA) Ltd

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.

The address of its registered office is:
College Road
Cullompton
Devon
EX15 1TG

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 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.

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

Motor vehicles

25% reducing balance

Plant and machinery

25% reducing balance

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Vale Veterinary Group (LA) Ltd

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

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 7 (2023 - 6).

4

Intangible assets

Total
£

Cost or valuation

At 1 May 2023

135,109

Disposals

(70,000)

At 30 April 2024

65,109

Amortisation

At 1 May 2023

54,043

Amortisation charge

3,255

At 30 April 2024

57,298

Carrying amount

At 30 April 2024

7,811

At 30 April 2023

81,066

 

Vale Veterinary Group (LA) Ltd

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

446,118

Additions

164,222

Disposals

(61,733)

At 30 April 2024

548,607

Depreciation

At 1 May 2023

273,661

Charge for the year

78,712

Eliminated on disposal

(39,901)

At 30 April 2024

312,472

Carrying amount

At 30 April 2024

236,135

At 30 April 2023

172,457

6

Stocks

2024
£

2023
£

Stock

30,285

39,301

7

Creditors: amounts falling due after more than one year

Other borrowings

The carrying amount of finance leases and hire purchase contracts at year end is £152,281 (2023 - £33,109).

The hire purchases are secured against the related plant and machinery (fixed charge).

Due after more than five years

Included within creditors are the following amounts due after more than five years:

2024
£

2023
£

After more than five years by instalments

-

742

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of guarantees not included in the balance sheet is £1,920,621 (2023 - £344,775). Vale Veterinary Group (LA) Ltd has entered into a guarantee agreement with the bank to guarantee the payment of any loans provided to Vale Veterinary Group (SA) Limited and Vale Services (Devon) LLP. As part of this agreement any positive bank account balances that the company has with the bank has been provided as security.