63 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 419,476 419,476 xbrli:pure xbrli:shares iso4217:GBP 07305852 2023-10-01 2024-09-30 07305852 2024-09-30 07305852 2023-09-30 07305852 2022-10-01 2023-09-30 07305852 2023-09-30 07305852 2022-09-30 07305852 core:PlantMachinery 2023-10-01 2024-09-30 07305852 core:FurnitureFittings 2023-10-01 2024-09-30 07305852 core:MotorVehicles 2023-10-01 2024-09-30 07305852 bus:Director1 2023-10-01 2024-09-30 07305852 bus:Director2 2023-10-01 2024-09-30 07305852 bus:Director3 2023-10-01 2024-09-30 07305852 core:NetGoodwill 2024-09-30 07305852 core:LandBuildings 2023-09-30 07305852 core:PlantMachinery 2023-09-30 07305852 core:FurnitureFittings 2023-09-30 07305852 core:MotorVehicles 2023-09-30 07305852 core:LandBuildings 2024-09-30 07305852 core:PlantMachinery 2024-09-30 07305852 core:FurnitureFittings 2024-09-30 07305852 core:MotorVehicles 2024-09-30 07305852 core:LandBuildings 2023-10-01 2024-09-30 07305852 core:WithinOneYear 2024-09-30 07305852 core:WithinOneYear 2023-09-30 07305852 core:AfterOneYear 2024-09-30 07305852 core:AfterOneYear 2023-09-30 07305852 core:ShareCapital 2024-09-30 07305852 core:ShareCapital 2023-09-30 07305852 core:RetainedEarningsAccumulatedLosses 2024-09-30 07305852 core:RetainedEarningsAccumulatedLosses 2023-09-30 07305852 core:BetweenOneFiveYears 2023-09-30 07305852 core:LandBuildings 2023-09-30 07305852 core:PlantMachinery 2023-09-30 07305852 core:FurnitureFittings 2023-09-30 07305852 core:MotorVehicles 2023-09-30 07305852 bus:SmallEntities 2023-10-01 2024-09-30 07305852 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07305852 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07305852 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07305852 bus:FullAccounts 2023-10-01 2024-09-30 07305852 core:LandBuildings core:LongLeaseholdAssets 2023-10-01 2024-09-30 07305852 core:NetGoodwill 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 07305852
Daleside Animal Care Limited
Filleted Unaudited Financial Statements
30 September 2024
Daleside Animal Care Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
544,775
469,573
Current assets
Stocks
143,922
118,934
Debtors
7
641,435
646,308
Investments
8
10,000
10,000
Cash at bank and in hand
282,625
399,238
------------
------------
1,077,982
1,174,480
Creditors: amounts falling due within one year
9
539,465
457,930
------------
------------
Net current assets
538,517
716,550
------------
------------
Total assets less current liabilities
1,083,292
1,186,123
Creditors: amounts falling due after more than one year
10
190,062
340,962
Provisions
Taxation including deferred tax
27,661
20,072
------------
------------
Net assets
865,569
825,089
------------
------------
Capital and reserves
Called up share capital
600
600
Profit and loss account
864,969
824,489
---------
---------
Shareholders funds
865,569
825,089
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Daleside Animal Care Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 27 February 2025 , and are signed on behalf of the board by:
Mr P R Humble
Mrs V L Griffiths
Director
Director
Mr G W Tomlinson
Director
Company registration number: 07305852
Daleside Animal Care Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Daleside Veterinary Group, 27 Hawarden Road, Penyffordd, Chester, CH4 0JD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents amounts payable for work completed during the year, exclusive of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10%/50% and 20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property
-
term of lease or twenty years if shorter
Plant and Machinery
-
20% reducing balance
Fixtures and Fittings
-
25% reducing balance
Motor Vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans. Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 63 (2023: 59 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
419,476
---------
Amortisation
At 1 October 2023 and 30 September 2024
419,476
---------
Carrying amount
At 30 September 2024
---------
At 30 September 2023
---------
6. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 October 2023
561,055
230,115
45,679
16,285
853,134
Additions
75,057
1,660
7,421
63,589
147,727
Disposals
( 561)
( 12,760)
( 13,321)
---------
---------
--------
--------
---------
At 30 September 2024
636,112
231,775
52,539
67,114
987,540
---------
---------
--------
--------
---------
Depreciation
At 1 October 2023
179,136
155,698
34,311
14,416
383,561
Charge for the year
22,847
19,019
4,688
13,175
59,729
Disposals
( 525)
( 525)
---------
---------
--------
--------
---------
At 30 September 2024
201,983
174,717
38,474
27,591
442,765
---------
---------
--------
--------
---------
Carrying amount
At 30 September 2024
434,129
57,058
14,065
39,523
544,775
---------
---------
--------
--------
---------
At 30 September 2023
381,919
74,417
11,368
1,869
469,573
---------
---------
--------
--------
---------
7. Debtors
2024
2023
£
£
Trade debtors
296,564
279,558
Other debtors
344,871
366,750
---------
---------
641,435
646,308
---------
---------
8. Investments
2024
2023
£
£
Other investments
10,000
10,000
--------
--------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
122,209
118,020
Trade creditors
151,846
135,556
Social security and other taxes
248,170
182,960
Other creditors
17,240
21,394
---------
---------
539,465
457,930
---------
---------
10. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
190,062
340,962
---------
---------
11. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
840
11,741
Later than 1 year and not later than 5 years
10,669
----
--------
840
22,410
----
--------
12. Directors' advances, credits and guarantees
In the year the Directors provided personal guarantees in respect of bank and other loans to the company. The directors operate loan accounts with the company as follows:
2024
£
Opening Balance 4,518
Movement (3,532)
-------
Closing Balance 986
-------
13. Related party transactions
No further transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102 1A section 33.