Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 07469583 Mrs Sarah Solomon Mr Iain Solomon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07469583 2023-01-31 07469583 2024-01-31 07469583 2023-02-01 2024-01-31 07469583 frs-core:CurrentFinancialInstruments 2024-01-31 07469583 frs-core:Non-currentFinancialInstruments 2024-01-31 07469583 frs-core:BetweenOneFiveYears 2024-01-31 07469583 frs-core:ComputerEquipment 2024-01-31 07469583 frs-core:ComputerEquipment 2023-02-01 2024-01-31 07469583 frs-core:ComputerEquipment 2023-01-31 07469583 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2024-01-31 07469583 frs-core:FurnitureFittings 2024-01-31 07469583 frs-core:FurnitureFittings 2023-02-01 2024-01-31 07469583 frs-core:FurnitureFittings 2023-01-31 07469583 frs-core:NetGoodwill 2024-01-31 07469583 frs-core:NetGoodwill 2023-02-01 2024-01-31 07469583 frs-core:NetGoodwill 2023-01-31 07469583 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 07469583 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 07469583 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07469583 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 07469583 frs-core:MoreThanFiveYears 2024-01-31 07469583 frs-core:MotorVehicles 2024-01-31 07469583 frs-core:MotorVehicles 2023-02-01 2024-01-31 07469583 frs-core:MotorVehicles 2023-01-31 07469583 frs-core:OtherResidualIntangibleAssets 2024-01-31 07469583 frs-core:OtherResidualIntangibleAssets 2023-02-01 2024-01-31 07469583 frs-core:OtherResidualIntangibleAssets 2023-01-31 07469583 frs-core:PlantMachinery 2024-01-31 07469583 frs-core:PlantMachinery 2023-02-01 2024-01-31 07469583 frs-core:PlantMachinery 2023-01-31 07469583 frs-core:WithinOneYear 2024-01-31 07469583 frs-core:RevaluationReserve 2023-02-01 2024-01-31 07469583 frs-core:RevaluationReserve 2023-01-31 07469583 frs-core:RevaluationReserve 2024-01-31 07469583 frs-core:ShareCapital 2024-01-31 07469583 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07469583 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07469583 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07469583 frs-bus:SmallEntities 2023-02-01 2024-01-31 07469583 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07469583 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07469583 frs-bus:Director1 2023-02-01 2024-01-31 07469583 frs-bus:Director2 2023-02-01 2024-01-31 07469583 frs-core:CurrentFinancialInstruments 4 2024-01-31 07469583 frs-core:CurrentFinancialInstruments 5 2024-01-31 07469583 frs-countries:EnglandWales 2023-02-01 2024-01-31 07469583 2022-01-31 07469583 2023-01-31 07469583 2022-02-01 2023-01-31 07469583 frs-core:CurrentFinancialInstruments 2023-01-31 07469583 frs-core:Non-currentFinancialInstruments 2023-01-31 07469583 frs-core:BetweenOneFiveYears 2023-01-31 07469583 frs-core:MoreThanFiveYears 2023-01-31 07469583 frs-core:WithinOneYear 2023-01-31 07469583 frs-core:RevaluationReserve 2023-01-31 07469583 frs-core:ShareCapital 2023-01-31 07469583 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 07469583 frs-core:CurrentFinancialInstruments 2 2023-01-31 07469583 frs-core:CurrentFinancialInstruments 4 2023-01-31 07469583 frs-core:CurrentFinancialInstruments 5 2023-01-31
Registered number: 07469583
Heath Veterinary Clinic Ltd
Financial Statements
For The Year Ended 31 January 2024
ACQvalue Accountancy
Southbridge House
Southbridge Place
Croydon
Surrey
CR0 4HA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 07469583
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 101,956 111,607
Tangible Assets 5 165,836 160,410
267,792 272,017
CURRENT ASSETS
Stocks 6 41,450 37,204
Debtors 7 (32,618 ) 5,008
Cash at bank and in hand 314,556 156,798
323,388 199,010
Creditors: Amounts Falling Due Within One Year 8 (200,812 ) (179,290 )
NET CURRENT ASSETS (LIABILITIES) 122,576 19,720
TOTAL ASSETS LESS CURRENT LIABILITIES 390,368 291,737
Creditors: Amounts Falling Due After More Than One Year 9 (24,946 ) (24,224 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (42 )
NET ASSETS 365,422 267,471
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 12 1,200 1,200
Profit and Loss Account 364,122 266,171
SHAREHOLDERS' FUNDS 365,422 267,471
Page 1
Page 2
For the year ending 31 January 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Sarah Solomon
Director
30/01/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Heath Veterinary Clinic Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07469583 . The registered office is Unit 1 176 London Road, Burgess Hill, West Sussex, RH15 8LS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 10% reducing balance
Leasehold 10% straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 18 16
18 16
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 February 2023 186,558 136,219 322,777
Additions - 4,610 4,610
As at 31 January 2024 186,558 140,829 327,387
Amortisation
As at 1 February 2023 186,558 24,612 211,170
Provided during the period - 14,261 14,261
As at 31 January 2024 186,558 38,873 225,431
Net Book Value
As at 31 January 2024 - 101,956 101,956
As at 1 February 2023 - 111,607 111,607
Page 4
Page 5
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 February 2023 8,106 117,559 46,448 93,258
Additions - 48,416 - -
As at 31 January 2024 8,106 165,975 46,448 93,258
Depreciation
As at 1 February 2023 2,296 58,536 12,952 40,736
Provided during the period 291 20,586 6,699 13,131
As at 31 January 2024 2,587 79,122 19,651 53,867
Net Book Value
As at 31 January 2024 5,519 86,853 26,797 39,391
As at 1 February 2023 5,810 59,023 33,496 52,522
Computer Equipment Total
£ £
Cost
As at 1 February 2023 24,996 290,367
Additions (704 ) 47,712
As at 31 January 2024 24,292 338,079
Depreciation
As at 1 February 2023 15,437 129,957
Provided during the period 1,579 42,286
As at 31 January 2024 17,016 172,243
Net Book Value
As at 31 January 2024 7,276 165,836
As at 1 February 2023 9,559 160,410
6. Stocks
2024 2023
£ £
Stocks 41,450 37,204
Page 5
Page 6
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors (5,643 ) 22,111
Prepayments and accrued income 7,083 7,083
Other debtors 162 257
Deferred tax current asset (34,220) (24,443)
(32,618 ) 5,008
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 56,423 73,058
Bank loans and overdrafts - 10,648
Corporation tax 48,867 29,254
Other taxes and social security 8,808 8,443
VAT 65,222 47,487
Other creditors (Current liabilities - creditors < 1 year) (448 ) (448 )
Hire Purchase Contracts (Current liabilities - creditors < 1 year) - 5,194
Employer Pension Contributions 1,513 3,812
Other creditors (5) 448 448
Directors' loan accounts 19,979 1,394
200,812 179,290
Other creditors - Coronavirus Bounce Back Loan £24946 of which £10648 is payable in the next 12 months.
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 24,946 24,224
Bank loans wholly consist of Coronavirus Bounce Back Loan repayable within 5 years.
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Other Commitments
Lease payments recognised as an expense in the profit and loss for the accounting period total £50219.67
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 50,000 50,000
Later than one year and not later than five years 250,000 187,500
Later than five years 52,639 165,139
352,639 402,639
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12. Reserves
Revaluation Reserve
£
As at 1 February 2023 1,200
Surplus on revaluation 1,200
Transfer to profit and loss (1,200 )
As at 31 January 2024 1,200
Page 7