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REGISTERED NUMBER: NI613101 (Northern Ireland)















ANIMAL HEALTH AND WELFARE NI

Financial Statements for the Year Ended 30 June 2024






ANIMAL HEALTH AND WELFARE NI (REGISTERED NUMBER: NI613101)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ANIMAL HEALTH AND WELFARE NI

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: J A Cleland
C Cleland
S T J Fitzpatrick
R McCullough
C L Smith
J A Thompson
G T Watson
L Read
T P Walsh





REGISTERED OFFICE: Unit 49
Coalisland Road
Dungannon
Co. Tyrone
BT71 6JT





REGISTERED NUMBER: NI613101 (Northern Ireland)





INDEPENDENT AUDITORS: CavanaghKelly
Chartered Accountants and Statutory Auditors
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

ANIMAL HEALTH AND WELFARE NI (REGISTERED NUMBER: NI613101)

Statement of Financial Position
30 JUNE 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 53,404 -
Property, plant and equipment 6 4,215 66,161
57,619 66,161

CURRENT ASSETS
Receivables: amounts falling due within
one year

7

89,991

114,716
Cash at bank 378,365 108,461
468,356 223,177
PAYABLES
Amounts falling due within one year 8 (12,246 ) (58,160 )
NET CURRENT ASSETS 456,110 165,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

513,729

231,178

PAYABLES
Amounts falling due after more than
one year

9

(284,978

)

(32,000

)

GOVERNMENT GRANTS (48,000 ) (42,000 )
NET ASSETS 180,751 157,178

RESERVES
Income and expenditure account 180,751 157,178
180,751 157,178

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by:





J A Thompson - Director


ANIMAL HEALTH AND WELFARE NI (REGISTERED NUMBER: NI613101)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Animal Health and Welfare NI is a private company, limited by guarantee , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounting policies documented below have been applied consistently throughout the year.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue
Revenue comprises the invoice value of goods and services supplied by the company, exclusive of trade discounts and value added tax. Revenue is recognised upon the delivery of services to the customer.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of five years.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation. The charge to depreciation is calculated to write off the original cost of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Fixtures & fittings - 25% Straight line
Computer Equipment - 25% Straight line

The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

ANIMAL HEALTH AND WELFARE NI (REGISTERED NUMBER: NI613101)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances and amounts owed by related parties and are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans and overdrafts and amounts owed to related parties are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a pre-payment for liquidity services and amortised over the period of the facility to which it relates.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

(iii) Offsetting

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

ANIMAL HEALTH AND WELFARE NI (REGISTERED NUMBER: NI613101)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

Other operating income
Other operating income comprises the voluntary contribution value from contributors. Other operating income is recognised upon receipt from the contributor.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

5. INTANGIBLE FIXED ASSETS
Development Computer
costs software Totals
£ £ £
COST
Additions 5,688 - 5,688
Reclassification/transfer - 60,000 60,000
At 30 June 2024 5,688 60,000 65,688
AMORTISATION
Amortisation for year 284 12,000 12,284
At 30 June 2024 284 12,000 12,284
NET BOOK VALUE
At 30 June 2024 5,404 48,000 53,404

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 July 2023 51,893 67,324 119,217
Additions 480 - 480
Reclassification/transfer - (60,000 ) (60,000 )
At 30 June 2024 52,373 7,324 59,697
DEPRECIATION
At 1 July 2023 51,329 1,727 53,056
Charge for year 594 1,832 2,426
At 30 June 2024 51,923 3,559 55,482
NET BOOK VALUE
At 30 June 2024 450 3,765 4,215
At 30 June 2023 564 65,597 66,161

ANIMAL HEALTH AND WELFARE NI (REGISTERED NUMBER: NI613101)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade receivables 78,879 100,745
Other receivables - 3,768
Prepayments and accrued income 11,112 10,203
89,991 114,716

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade payables 6,501 45,287
Social security and other taxes 4,865 273
Other loans - 12,000
Accruals and deferred income 880 600
12,246 58,160

9. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Other loans - 32,000
Accruals and deferred income 284,978 -
284,978 32,000

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Mr Des Kelly (F.C.A) (Senior Statutory Auditor)
for and on behalf of CavanaghKelly

11. ULTIMATE CONTROLLING PARTY

The directors are deemed to be the controlling party due to their position within the company.