Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30falsefalse2023-07-01Veterinary services2221truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11360238 2023-07-01 2024-06-30 11360238 2022-07-01 2023-06-30 11360238 2024-06-30 11360238 2023-06-30 11360238 2022-07-01 11360238 c:Director1 2023-07-01 2024-06-30 11360238 d:Buildings 2023-07-01 2024-06-30 11360238 d:Buildings 2024-06-30 11360238 d:Buildings 2023-06-30 11360238 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11360238 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 11360238 d:Buildings d:LongLeaseholdAssets 2024-06-30 11360238 d:Buildings d:LongLeaseholdAssets 2023-06-30 11360238 d:PlantMachinery 2023-07-01 2024-06-30 11360238 d:PlantMachinery 2024-06-30 11360238 d:PlantMachinery 2023-06-30 11360238 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11360238 d:MotorVehicles 2023-07-01 2024-06-30 11360238 d:MotorVehicles 2024-06-30 11360238 d:MotorVehicles 2023-06-30 11360238 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11360238 d:OfficeEquipment 2023-07-01 2024-06-30 11360238 d:OfficeEquipment 2024-06-30 11360238 d:OfficeEquipment 2023-06-30 11360238 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11360238 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11360238 d:CurrentFinancialInstruments 2024-06-30 11360238 d:CurrentFinancialInstruments 2023-06-30 11360238 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11360238 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11360238 d:ShareCapital 2024-06-30 11360238 d:ShareCapital 2023-06-30 11360238 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 11360238 d:RetainedEarningsAccumulatedLosses 2024-06-30 11360238 d:RetainedEarningsAccumulatedLosses 2023-06-30 11360238 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 11360238 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 11360238 c:OrdinaryShareClass1 2023-07-01 2024-06-30 11360238 c:OrdinaryShareClass1 2024-06-30 11360238 c:OrdinaryShareClass1 2023-06-30 11360238 c:FRS102 2023-07-01 2024-06-30 11360238 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11360238 c:FullAccounts 2023-07-01 2024-06-30 11360238 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11360238 2 2023-07-01 2024-06-30 11360238 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11360238










DDOLE ROAD VETERINARY CLINIC LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
DDOLE ROAD VETERINARY CLINIC LIMITED
REGISTERED NUMBER: 11360238

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
514,549
476,031

  
514,549
476,031

Current assets
  

Stocks
 6 
53,863
44,967

Debtors: amounts falling due within one year
 7 
248,301
174,573

Cash at bank and in hand
 8 
586,931
637,358

  
889,095
856,898

Creditors: amounts falling due within one year
 9 
(739,437)
(716,022)

Net current assets
  
 
 
149,658
 
 
140,876

Total assets less current liabilities
  
664,207
616,907

Provisions for liabilities
  

Deferred tax
 10 
(31,066)
(33,245)

  
 
 
(31,066)
 
 
(33,245)

Net assets
  
633,141
583,662


Capital and reserves
  

Called up share capital 
 11 
10
10

Profit and loss account
 12 
633,131
583,652

  
633,141
583,662


Page 1

 
DDOLE ROAD VETERINARY CLINIC LIMITED
REGISTERED NUMBER: 11360238
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 March 2025.




Dr Elizabeth Mary Jones
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
DDOLE ROAD VETERINARY CLINIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Ddole Road Veterinary Clinic Limited, 11360238, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Unit 5A, Ddole Road Industrial Estate, Llandrindod Wells, Powys, LD1 6DF.
The principal activity of the Company is that of veterinary services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
DDOLE ROAD VETERINARY CLINIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
DDOLE ROAD VETERINARY CLINIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Property improvements
-
2.5% straight line
Plant and machinery
-
15%
Motor vehicles
-
25%
Office equipment
-
30%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

The Companies Act 2006 requires tangible fixed assets to be depreciated. Freehold property is not depreciated. The director considers that the property is maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation would not be material and therefore is not charged to profit and loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
DDOLE ROAD VETERINARY CLINIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the director there are no estimates nor assumptions that have significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 22 (2023 - 21).

Page 6

 
DDOLE ROAD VETERINARY CLINIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Freehold property
Property improvement
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 July 2023
157,920
205,056
140,195
52,553
10,575
566,299


Additions
-
49,773
2,923
-
6,738
59,434



At 30 June 2024

157,920
254,829
143,118
52,553
17,313
625,733



Depreciation


At 1 July 2023
-
1,389
56,116
27,727
5,036
90,268


Charge for the year on owned assets
-
1,389
13,051
5,156
1,320
20,916



At 30 June 2024

-
2,778
69,167
32,883
6,356
111,184



Net book value



At 30 June 2024
157,920
252,051
73,951
19,670
10,957
514,549



At 30 June 2023
157,920
203,667
84,079
24,826
5,539
476,031

Page 7

 
DDOLE ROAD VETERINARY CLINIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Stocks

2024
2023
£
£

Stocks
53,863
44,967

53,863
44,967



7.


Debtors

2024
2023
£
£


Trade debtors
244,633
170,750

Prepayments and accrued income
3,668
3,823

248,301
174,573



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
586,931
637,358

586,931
637,358



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
58,272
54,575

Corporation tax
26,095
6,224

Other taxation and social security
39,265
35,015

Other creditors
585,794
585,771

Accruals and deferred income
30,011
34,437

739,437
716,022


Page 8

 
DDOLE ROAD VETERINARY CLINIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Deferred taxation




2024
2023


£

£






At beginning of year
33,245
18,139


Charged to profit or loss
(2,179)
15,106



At end of year
31,066
33,245

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
31,066
33,245

31,066
33,245


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10 (2023 - 10) Ordinary shares of £1.00 each
10
10



12.


Reserves

Profit and loss account

The profit and loss account represents the accumulated profits of the Company since incorporation less distributions made to shareholders. 


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £68,154 (2023: £79,125). Contributions totalling £3,076 (2023: £2,593) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 9