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Company Registration No. 11919210 (England and Wales)
FERNDOWN FAMILY VETS LTD
Financial Statements
for the Period from 01 May 2023 to 30 April 2024

FERNDOWN FAMILY VETS LTD

Financial Statements for the period ending 30 April 2024

FERNDOWN FAMILY VETS LTD

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

1. Statutory Information
FERNDOWN FAMILY VETS LTD is a private company, limited by shares, registered in England and Wales, registration number 11919210.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value of goods and services provided to customers during the year, excluding value added tax.

FERNDOWN FAMILY VETS LTD

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

Current Tax
The current tax charge is calculated based on tax rates enacted or substantively enacted at the balance sheet date.
Tangible Fixed Asset Policy
Tangible fixed assets are stated at cost, less subsequent accumulated depreciation and impairment losses.Depreciation is charged so as to write off the cost of assets, less residual values, over their estimated useful economic lives. Depreciation is charged on a straight line basis over 3 and 5 years.

FERNDOWN FAMILY VETS LTD

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

Stock
Stocks are stated at the lower of cost and net realisable value.

FERNDOWN FAMILY VETS LTD

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 12
2023 9
4. Principal Activity
The principal activity of the company continued to be that of operating a veterinary practice.

FERNDOWN FAMILY VETS LTD

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

5. Fixed Assets
Plant and Machinery Motor Vehicles Total
Cost or valuation £ £ £
At 01/05/2023 80,139 25,104 105,243
Additions 16,764 - 16,764
Disposals (1,909) - (1,909)
At 30/04/2024 94,994 25,104 120,098
Depreciation
At 01/05/2023 32,895 8,141 41,036
Charge for the year 17,897 6,609 24,506
Disposals (636) - (636)
At 30/04/2024 50,156 14,750 64,906
Net Book Value
At 30/04/2024 44,838 10,354 55,192
At 30/04/2023 47,244 16,963 64,207

FERNDOWN FAMILY VETS LTD

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

6. Debtors
2024 2023
£ £
Trade debtors 49,917 42,398
Other debtors 347 347
Prepayment and accrued income 7,458 6,501
57,722 49,246
7. Creditors: amount falling due within one year
2024 2023
£ £
Bank Loans and other overdrafts 4,775 4,775
Trade Creditors 36,874 34,440
Other tax and social security 121,096 65,764
Finance Leases 4,973 10,907
Other Creditors 65,232 60,117
Accruals and deferred income 2,506 2,689
235,456 178,692

FERNDOWN FAMILY VETS LTD

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

8. Creditors: amount falling due after one year
2024 2023
£ £
Bank Loans and overdrafts 5,173 9,947
Finance Leases 3,978 8,952
9,151 18,899