Registered number
10343015
All Creatures Vet Centre Limited
Filleted Accounts
31 August 2024
All Creatures Vet Centre Limited
Registered number: 10343015
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 519,984 501,341
Current assets
Stocks 9,000 9,000
Debtors 4 13,808 10,260
Cash at bank and in hand 60,897 81,431
83,705 100,691
Creditors: amounts falling due within one year 5 (102,112) (91,265)
Net current (liabilities)/assets (18,407) 9,426
Total assets less current liabilities 501,577 510,767
Creditors: amounts falling due after more than one year 6 (319,352) (346,814)
Net assets 182,225 163,953
Capital and reserves
Called up share capital 40 40
Profit and loss account 182,185 163,913
Shareholders' funds 182,225 163,953
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E Coleman-Field
Director
Approved by the board on 10 January 2025
All Creatures Vet Centre Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings 0% straight line
Motor vehicles 25% reducing balance
Plant and machinery 20% straight line
Computer equipment 33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 13 11
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 484,679 59,106 19,158 562,943
Additions 16,105 13,518 9,239 38,862
At 31 August 2024 500,784 72,624 28,397 601,805
Depreciation
At 1 September 2023 - 53,221 8,381 61,602
Charge for the year - 15,044 5,175 20,219
At 31 August 2024 - 68,265 13,556 81,821
Net book value
At 31 August 2024 500,784 4,359 14,841 519,984
At 31 August 2023 484,679 5,885 10,777 501,341
4 Debtors 2024 2023
£ £
Trade debtors 10,797 7,249
Other debtors 3,011 3,011
13,808 10,260
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 39,811 30,605
Corporation tax 30,922 24,082
Other taxes and social security costs 23,065 22,032
Other creditors 8,314 14,546
102,112 91,265
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 312,752 346,814
Obligations under finance lease and hire purchase contracts 6,600 -
319,352 346,814
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 312,752 346,814
The bank loan is secured on the asset to which it relates.
The hire purchase liabilities are secured on the assets to which they relate.
8 Other information
All Creatures Vet Centre Limited is a private company limited by shares and incorporated in England. Its registered office is:
11 Bingham Road
Radcliffe-On-Trent
Nottinghamshire
NG12 2FY
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