Victoria Park Vets Limited 13919246 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is the provision of veterinary services. Digita Accounts Production Advanced 6.30.9574.0 true 13919246 2023-08-01 2024-07-31 13919246 2024-07-31 13919246 core:RetainedEarningsAccumulatedLosses 2024-07-31 13919246 core:ShareCapital 2024-07-31 13919246 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 13919246 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 13919246 bus:SmallEntities 2023-08-01 2024-07-31 13919246 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 13919246 bus:FullAccounts 2023-08-01 2024-07-31 13919246 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13919246 bus:RegisteredOffice 2023-08-01 2024-07-31 13919246 bus:Director1 2023-08-01 2024-07-31 13919246 bus:Director1 1 2023-08-01 2024-07-31 13919246 bus:Director2 2023-08-01 2024-07-31 13919246 bus:Director2 2 2023-08-01 2024-07-31 13919246 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13919246 core:FurnitureFittings 2023-08-01 2024-07-31 13919246 core:LeaseholdImprovements 2023-08-01 2024-07-31 13919246 core:OfficeEquipment 2023-08-01 2024-07-31 13919246 core:PlantMachinery 2023-08-01 2024-07-31 13919246 countries:EnglandWales 2023-08-01 2024-07-31 13919246 2023-07-31 13919246 2022-08-01 2023-07-31 13919246 2023-07-31 13919246 core:RetainedEarningsAccumulatedLosses 2023-07-31 13919246 core:ShareCapital 2023-07-31 13919246 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 13919246 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 13919246

Victoria Park Vets Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 July 2024

 

Victoria Park Vets Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Victoria Park Vets Limited

(Registration number: 13919246)
Abridged Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

171,896

153,140

Current assets

 

Stocks

15,199

7,548

Debtors

16,467

21,775

Cash at bank and in hand

 

109,611

48,795

 

141,277

78,118

Creditors: Amounts falling due within one year

5

(85,733)

(60,915)

Net current assets

 

55,544

17,203

Total assets less current liabilities

 

227,440

170,343

Creditors: Amounts falling due after more than one year

6

(165,785)

(172,586)

Provisions for liabilities

(27,580)

-

Net assets/(liabilities)

 

34,075

(2,243)

Capital and reserves

 

Called up share capital

200

200

Profit and loss account

33,875

(2,443)

Total equity

 

34,075

(2,243)

 

Victoria Park Vets Limited

(Registration number: 13919246)
Abridged Balance Sheet as at 31 July 2024

For the financial year ending 31 July 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 28 October 2024 and signed on its behalf by:
 

Mr A T Cumming

Director

Mrs S L Cumming

Director

 

Victoria Park Vets Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and 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 Board on 28 October 2024.

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.

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

15 years straight line

Plant and machinery

25% reducing balance

Furniture and fittings

25% reducing balance

Office equipment

25% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

 

Victoria Park Vets Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 6).

4

Tangible assets

Total
£

Cost or valuation

At 1 August 2023

176,911

Additions

48,879

At 31 July 2024

225,790

Depreciation

At 1 August 2023

23,771

Charge for the year

30,123

At 31 July 2024

53,894

Carrying amount

At 31 July 2024

171,896

At 31 July 2023

153,140

5

Creditors: amounts falling due within one year

Creditors include bank loans and finance lease liabilities which are secured of £17,600 (2023 - £12,800).

6

Creditors: amounts falling due after more than one year

Creditors include bank loans and finance lease liabilities which are secured of £165,785 (2023 - £172,586).

7

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 £455,000 (2023 - £490,000).

 

Victoria Park Vets Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

8

Related party transactions

Advances to directors


Mr A T Cumming

During the period Mr A T Cumming went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £609 (2023 - £Nil). At the year end the amount outstanding from Mr A T Cumming was £Nil (2023 - £-). Interest has been charged at the commercial rate.


Mrs S L Cumming

During the period Mrs S L Cumming went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £608 (2023 - £Nil). At the year end the amount outstanding from Mrs S L Cumming was £Nil (2023 - £-). Interest has been charged at the commercial rate.