Abbey Equine Clinic Limited 11794458 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is the provision of veterinary activities. Digita Accounts Production Advanced 6.30.9574.0 true 11794458 2023-06-01 2024-05-31 11794458 2024-05-31 11794458 core:RetainedEarningsAccumulatedLosses 2024-05-31 11794458 core:ShareCapital 2024-05-31 11794458 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 11794458 bus:SmallEntities 2023-06-01 2024-05-31 11794458 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 11794458 bus:FullAccounts 2023-06-01 2024-05-31 11794458 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11794458 bus:RegisteredOffice 2023-06-01 2024-05-31 11794458 bus:Director1 2 2023-06-01 2024-05-31 11794458 bus:Director3 2023-06-01 2024-05-31 11794458 bus:Director5 2023-06-01 2024-05-31 11794458 bus:Director5 1 2023-06-01 2024-05-31 11794458 bus:Director6 2023-06-01 2024-05-31 11794458 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11794458 core:Goodwill 2023-06-01 2024-05-31 11794458 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 11794458 core:LandBuildings 2023-06-01 2024-05-31 11794458 core:MotorVehicles 2023-06-01 2024-05-31 11794458 countries:AllCountries 2023-06-01 2024-05-31 11794458 2023-05-31 11794458 2022-06-01 2023-05-31 11794458 2023-05-31 11794458 core:RetainedEarningsAccumulatedLosses 2023-05-31 11794458 core:ShareCapital 2023-05-31 11794458 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 11794458

Abbey Equine Clinic Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 May 2024

 

Abbey Equine Clinic Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Abbey Equine Clinic Limited

(Registration number: 11794458)
Abridged Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

251,908

268,701

Tangible assets

5

157,878

156,621

 

409,786

425,322

Current assets

 

Stocks

53,078

51,865

Debtors

130,035

114,426

Cash at bank and in hand

 

137,396

200,874

 

320,509

367,165

Creditors: Amounts falling due within one year

(194,003)

(204,472)

Net current assets

 

126,506

162,693

Total assets less current liabilities

 

536,292

588,015

Provisions for liabilities

(26,407)

(25,828)

Net assets

 

509,885

562,187

Capital and reserves

 

Called up share capital

507,146

507,146

Profit and loss account

2,739

55,041

Total equity

 

509,885

562,187

 

Abbey Equine Clinic Limited

(Registration number: 11794458)
Abridged Balance Sheet as at 31 May 2024

For the financial year ending 31 May 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 Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 27 February 2025 and signed on its behalf by:
 





Mr B Hynes

Director





Miss S Crumpton

Director





Mrs E Hynes

Director

 

Abbey Equine Clinic Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 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:
Llansabbath Barns
Llanellen
Abergavenny
NP7 9BY
Wales

These financial statements were authorised for issue by the Board on 27 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.

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

Land and buildings

over term of lease - 10 years

Motor vehicles

25% reducing balance

 

Abbey Equine Clinic Limited

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

Fixtures and fittings

15% reducing balance

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Abbey Equine Clinic Limited

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

Intangible assets

Intangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 22 (2023 - 22).

4

Intangible assets

Total
£

Cost or valuation

At 1 June 2023

335,877

At 31 May 2024

335,877

Amortisation

At 1 June 2023

67,176

Amortisation charge

16,793

At 31 May 2024

83,969

Carrying amount

At 31 May 2024

251,908

At 31 May 2023

268,701

 

Abbey Equine Clinic Limited

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

5

Tangible assets

Total
£

Cost or valuation

At 1 June 2023

230,040

Additions

25,876

Disposals

(1,477)

At 31 May 2024

254,439

Depreciation

At 1 June 2023

73,419

Charge for the year

24,151

Eliminated on disposal

(1,009)

At 31 May 2024

96,561

Carrying amount

At 31 May 2024

157,878

At 31 May 2023

156,621

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 £180,000 (2023 - £228,000).

7

Related party transactions

Advances to directors


Miss S Crumpton

During the period Miss S Crumpton went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £7,557 (2023 - £Nil). At the year end the amount outstanding from Miss S Crumpton was £Nil (2023 - £-). Interest has been charged at the commercial rate.


Mrs C Reynolds

During the period Mrs C Reynolds went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £17,033 (2023 - £Nil). At the year end the amount outstanding from Mrs C Reynolds was £Nil (2023 - £-). Interest has been charged at the commercial rate.