JIVET Limited 10908673 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is the provision of veterinary services. Digita Accounts Production Advanced 6.30.9574.0 true 10908673 2023-07-01 2024-06-30 10908673 2024-06-30 10908673 core:RetainedEarningsAccumulatedLosses 2024-06-30 10908673 core:ShareCapital 2024-06-30 10908673 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 10908673 bus:SmallEntities 2023-07-01 2024-06-30 10908673 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10908673 bus:FullAccounts 2023-07-01 2024-06-30 10908673 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10908673 bus:RegisteredOffice 2023-07-01 2024-06-30 10908673 bus:Director1 2023-07-01 2024-06-30 10908673 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10908673 core:Goodwill 2023-07-01 2024-06-30 10908673 core:FurnitureFittings 2023-07-01 2024-06-30 10908673 core:LandBuildings 2023-07-01 2024-06-30 10908673 core:PlantMachinery 2023-07-01 2024-06-30 10908673 countries:EnglandWales 2023-07-01 2024-06-30 10908673 2023-06-30 10908673 2022-07-01 2023-06-30 10908673 2023-06-30 10908673 core:RetainedEarningsAccumulatedLosses 2023-06-30 10908673 core:ShareCapital 2023-06-30 10908673 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 10908673

JIVET Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 June 2024

 

JIVET Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 7

 

JIVET Limited

(Registration number: 10908673)
Abridged Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

3,642

4,792

Tangible assets

5

21,354

34,431

Other financial assets

6

1

25

 

24,997

39,248

Current assets

 

Stocks

7

20,000

20,000

Debtors

325,746

316,341

Cash at bank and in hand

 

243,408

180,545

 

589,154

516,886

Creditors: Amounts falling due within one year

(109,547)

(68,615)

Net current assets

 

479,607

448,271

Total assets less current liabilities

 

504,604

487,519

Provisions for liabilities

(2,021)

(3,834)

Net assets

 

502,583

483,685

Capital and reserves

 

Called up share capital

200

200

Profit and loss account

502,383

483,485

Total equity

 

502,583

483,685

 

JIVET Limited

(Registration number: 10908673)
Abridged Balance Sheet as at 30 June 2024

For the financial year ending 30 June 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 25 February 2025
 

Mr J Irish

Director

 

JIVET Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 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:
137 Kensington Church Street
London
W8 7LP

These financial statements were authorised for issue by the director on 25 February 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.

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 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:

 

JIVET Limited

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

Asset class

Depreciation method and rate

Land and buildings

20% straight line

Furniture and fittings

25% straight line

Plant and machinery

25% straight line

 

JIVET Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 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

10% 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 the director) during the year, was 5 (2023 - 4).

 

JIVET Limited

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

4

Intangible assets

Total
£

Cost or valuation

At 1 July 2023

11,500

At 30 June 2024

11,500

Amortisation

At 1 July 2023

6,708

Amortisation charge

1,150

At 30 June 2024

7,858

Carrying amount

At 30 June 2024

3,642

At 30 June 2023

4,792

5

Tangible assets

Total
£

Cost or valuation

At 1 July 2023

105,969

Additions

1,588

At 30 June 2024

107,557

Depreciation

At 1 July 2023

71,539

Charge for the year

14,664

At 30 June 2024

86,203

Carrying amount

At 30 June 2024

21,354

At 30 June 2023

34,431

 

JIVET Limited

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

6

Other financial assets (current and non-current)

Total
£

Non-current financial assets

Cost or valuation

At 1 July 2023

25

Disposals

(24)

At 30 June 2024

1

Carrying amount

At 30 June 2024

1

7

Stocks

2024
£

2023
£

Stock

20,000

20,000

8

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 £52,500 (2023 - £52,500).