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Registration number: 13397940

Sanderson Vets Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

Sanderson Vets Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Sanderson Vets Limited

(Registration number: 13397940)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

10,455

11,070

Tangible assets

5

654,183

784,979

 

664,638

796,049

Current assets

 

Stocks

43,243

63,161

Debtors

330,352

326,614

Cash at bank and in hand

 

91,374

206,644

 

464,969

596,419

Creditors: Amounts falling due within one year

(459,786)

(554,764)

Net current assets

 

5,183

41,655

Total assets less current liabilities

 

669,821

837,704

Creditors: Amounts falling due after more than one year

(263,385)

(461,957)

Provisions for liabilities

(49,749)

(53,574)

Net assets

 

356,687

322,173

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

356,587

322,073

Total equity

 

356,687

322,173

 

Sanderson Vets Limited

(Registration number: 13397940)
Abridged Balance Sheet as at 30 April 2024

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 director acknowledges his 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 director on 30 January 2025
 

Mr R Sanderson

Director

 

Sanderson Vets Limited

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 & Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the director on 30 January 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.

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

Leasehold improvements

10% straight line

Plant and machinery

25% straight line

Office equipment

33% straight line

Fixtures and fittings

25% straight line

 

Sanderson Vets Limited

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 40 (2023 - 36).

4

Intangible assets

Total
£

Cost or valuation

At 1 May 2023

12,300

At 30 April 2024

12,300

Amortisation

At 1 May 2023

1,230

Amortisation charge

615

At 30 April 2024

1,845

Carrying amount

At 30 April 2024

10,455

At 30 April 2023

11,070

 

Sanderson Vets Limited

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

1,100,657

Additions

62,871

At 30 April 2024

1,163,528

Depreciation

At 1 May 2023

315,678

Charge for the year

193,667

At 30 April 2024

509,345

Carrying amount

At 30 April 2024

654,183

At 30 April 2023

784,979

6

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2023 - £11,890).

7

Related party transactions

Advances to directors


Mr R Sanderson

During the period Mr R Sanderson went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £112,990 (2023 - £Nil). At the year end the amount outstanding from Mr R Sanderson was £85,800 (2023 - £-). Interest has been charged at the commercial rate.