REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2024 |
FOR |
THE ALLIANCE OF INDEPENDENT VETERINARY |
PRACTICES LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2024 |
FOR |
THE ALLIANCE OF INDEPENDENT VETERINARY |
PRACTICES LTD |
THE ALLIANCE OF INDEPENDENT VETERINARY |
PRACTICES LTD (REGISTERED NUMBER: 13690493) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2024 |
Page |
Company Information | 1 |
Report of the Accountants | 2 |
Abridged Balance Sheet | 3 |
Notes to the Financial Statements | 5 |
THE ALLIANCE OF INDEPENDENT VETERINARY |
PRACTICES LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MAY 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
6 Elsley Road |
Tilehurst |
Reading |
RG31 6RN |
THE ALLIANCE OF INDEPENDENT VETERINARY |
PRACTICES LTD |
REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
THE ALLIANCE OF INDEPENDENT VETERINARY |
PRACTICES LTD |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages four to eleven and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
6 Elsley Road |
Tilehurst |
Reading |
RG31 6RN |
THE ALLIANCE OF INDEPENDENT VETERINARY |
PRACTICES LTD (REGISTERED NUMBER: 13690493) |
ABRIDGED BALANCE SHEET |
31 MAY 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
5 |
( |
) |
( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
THE ALLIANCE OF INDEPENDENT VETERINARY |
PRACTICES LTD (REGISTERED NUMBER: 13690493) |
ABRIDGED BALANCE SHEET - continued |
31 MAY 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
THE ALLIANCE OF INDEPENDENT VETERINARY |
PRACTICES LTD (REGISTERED NUMBER: 13690493) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2024 |
1. | STATUTORY INFORMATION |
The Alliance Of Independent Veterinary Practices Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about The Alliance Of Independent Veterinary Practices Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Investments in subsidiaries and associates |
Investments in subsidiary and associate undertakings are recognised at cost. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
THE ALLIANCE OF INDEPENDENT VETERINARY |
PRACTICES LTD (REGISTERED NUMBER: 13690493) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2024 |
4. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 June 2023 | 610,086 |
Additions | 202 |
At 31 May 2024 | 610,288 |
NET BOOK VALUE |
At 31 May 2024 | 610,288 |
At 31 May 2023 | 610,086 |
5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
2024 | 2023 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal | 135,123 | 177,406 |
6. | LOANS |
An analysis of the maturity of loans is given below: |
2024 | 2023 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 135,123 | 177,406 |
THE ALLIANCE OF INDEPENDENT VETERINARY |
PRACTICES LTD (REGISTERED NUMBER: 13690493) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2024 |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank loans |
National Westminster Bank PLC holds a fixed and floating charge over the company. |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
9. | RESERVES |
Retained |
earnings |
£ |
At 1 June 2023 |
Profit for the year |
Dividends | ( |
) |
At 31 May 2024 |
10. | RELATED PARTY DISCLOSURES |
During the year, total dividends of £73,750 (2023 - £41,300) were paid to the directors . |
THE ALLIANCE OF INDEPENDENT VETERINARY |
PRACTICES LTD (REGISTERED NUMBER: 13690493) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2024 |
10. | RELATED PARTY DISCLOSURES - continued |
During the year ended 31 May 2024 all transactions entered into between the following entities were at arms length and on a commercial basis: |
Alpha Teddington Ltd |
Alpha Claygate Ltd |
The Pet Healthcare Partnership Limited |
North Surrey Veterinary Emergencies Limited |
Weybridge Veterinary Centre Ltd |
Ambleside Services Ltd |
Chameleon Henley Ltd |
Chameleon Ockley Ltd |
At 31 May 2024 the aggregate amounts due from these companies amounted to £869,680 (2023 £721,018). |
At 31 May 2024 the aggregate amounts due to these companies amounted to £100,411 (2023 £61,954). |
11. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |