Registered number
11306865
BLUE STAR VETERINARY CLINIC LTD
Filleted Accounts
30 June 2024
BLUE STAR VETERINARY CLINIC LTD
Registered number: 11306865
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 424,603 251,876
Current assets
Stocks 67,000 67,000
Debtors 4 158,917 154,537
Cash at bank and in hand 37,925 53,857
263,842 275,394
Creditors: amounts falling due within one year 5 (224,503) (185,376)
Net current assets 39,339 90,018
Total assets less current liabilities 463,942 341,894
Creditors: amounts falling due after more than one year 6 (271,119) (223,127)
Provisions for liabilities (41,106) (3,147)
Net assets 151,717 115,620
Capital and reserves
Called up share capital 2 2
Profit and loss account 151,715 115,618
Shareholders' funds 151,717 115,620
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.
Mr A Holmes
Director
Approved by the board on 20 December 2024
BLUE STAR VETERINARY CLINIC LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
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 & buildings including property improvements no depreciation applied
Computer equipment 33% on cost
Plant and machinery 20% on reducing balance
Fixtures, fittings, tools and equipment 15% on reducing balance
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of
the lease
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 16 16
3 Tangible fixed assets
Land and buildings Improvements to property Plant and machinery etc Computer equipment Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 137,129 101,391 27,893 5,609 - 272,022
Additions - 35,496 17,013 3,696 131,222 187,427
At 30 June 2024 137,129 136,887 44,906 9,305 131,222 459,449
Depreciation
At 1 July 2023 - - 14,677 5,469 20,146
Charge for the year - - 5,861 438 8,401 14,700
At 30 June 2024 - - 20,538 5,907 8,401 34,846
Net book value
At 30 June 2024 137,129 136,887 24,368 3,398 122,821 424,603
At 30 June 2023 137,129 101,391 13,216 140 - 251,876
4 Debtors 2024 2023
£ £
Trade debtors 33,211 46,011
Director's loan 91,288 97,288
Loan due to Irving Holmes Property Limited 1,980 1,980
HMRC - ACT paid 32,438 9,258
158,917 154,537
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,958 10,138
Trade creditors 80,152 42,489
Taxation and social security costs 137,392 132,751
224,503 185,376
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 132,292 136,070
Obligations under finance lease and hire purchase contracts 125,022 339
Other creditors 13,805 86,718
271,119 223,127
The following secured debts are included within the above creditors due: 139,250 146,208
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Dr SE Holmes
Loan 1 48,644 - 3,000 45,644
Mr A Holmes
Loan 1 48,644 - 3,000 45,644
97,288 - 6,000 91,288
Loan to directors - there are no fixed repayment terms and balances are interest free.
8 Related party transactions
Loan to Irving Holmes Property Limited with a balance as at 30 June 2024 of £1,980. No fixed terms of repayment are attached to the loan. Dr SE Holmes and Mr A Holmes own 100% shareholding in Irving Holmes Property Limited and are both directors of the company.

Loan from Sore Paws Veterinary Clinic Ltd with a balance as at 30 June 2024 of £13,805. No fixed terms of repayment are attached to the loan. Dr SE Holmes owns 100% shareholding in Sore Paws Veterinary Clinic Ltd and both Dr SE Holmes and Mr A Holmes are directors of the company.
9 Other information
BLUE STAR VETERINARY CLINIC LTD is a private company limited by shares and incorporated in England. Its registered office is:
Commercial Hotel
Commercial Street
Winlaton
Tyne & Wear
NE21 5QX
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