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REGISTERED NUMBER: 07689981 (England and Wales)















Buckingham Equine Vets Limited

Unaudited Financial Statements for the Year Ended 31 August 2024






Buckingham Equine Vets Limited (Registered number: 07689981)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8


Buckingham Equine Vets Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: P A S Ivens
A G Wallace





REGISTERED OFFICE: Sparrow Lodge Farm
Wicken Park Road
Wicken
Milton Keynes
Buckinghamshire
MK19 6BZ





REGISTERED NUMBER: 07689981 (England and Wales)





ACCOUNTANTS: Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Buckingham Equine Vets Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Buckingham Equine Vets Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Buckingham Equine Vets Limited, as a body, in accordance with the terms of our engagement letter dated 1 April 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Buckingham Equine Vets Limited and state those matters that we have agreed to state to the Board of Directors of Buckingham Equine Vets Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Buckingham Equine Vets Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Buckingham Equine Vets Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Buckingham Equine Vets Limited. You consider that Buckingham Equine Vets Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Buckingham Equine Vets Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD


Date: .............................................

Buckingham Equine Vets Limited (Registered number: 07689981)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,339 129,001
Investments 5 10,000 10,000
131,339 139,001

CURRENT ASSETS
Stocks 6 52,650 69,303
Debtors 7 257,684 204,259
Cash at bank 191,748 204,112
502,082 477,674
CREDITORS
Amounts falling due within one year 8 166,397 178,290
NET CURRENT ASSETS 335,685 299,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

467,024

438,385

CAPITAL AND RESERVES
Called up share capital 4 4
Capital redemption reserve 2 2
Retained earnings 467,018 438,379
SHAREHOLDERS' FUNDS 467,024 438,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Buckingham Equine Vets Limited (Registered number: 07689981)

Balance Sheet - continued
31 August 2024


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 21 March 2025 and were signed on its behalf by:




P A S Ivens - Director



A G Wallace - Director


Buckingham Equine Vets Limited (Registered number: 07689981)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Buckingham Equine Vets Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Buckingham Equine Vets Limited (Registered number: 07689981)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 47,680 201,416 30,578
Additions - 10,256 -
Disposals - - -
At 31 August 2024 47,680 211,672 30,578
DEPRECIATION
At 1 September 2023 39,942 157,268 18,566
Charge for year 3,169 14,165 5,620
Eliminated on disposal - - -
At 31 August 2024 43,111 171,433 24,186
NET BOOK VALUE
At 31 August 2024 4,569 40,239 6,392
At 31 August 2023 7,738 44,148 12,012

Buckingham Equine Vets Limited (Registered number: 07689981)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 98,100 39,772 417,546
Additions 19,570 8,580 38,406
Disposals (13,618 ) - (13,618 )
At 31 August 2024 104,052 48,352 442,334
DEPRECIATION
At 1 September 2023 46,090 26,679 288,545
Charge for year 13,201 4,335 40,490
Eliminated on disposal (8,040 ) - (8,040 )
At 31 August 2024 51,251 31,014 320,995
NET BOOK VALUE
At 31 August 2024 52,801 17,338 121,339
At 31 August 2023 52,010 13,093 129,001

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023
and 31 August 2024 10,000
NET BOOK VALUE
At 31 August 2024 10,000
At 31 August 2023 10,000

6. STOCKS
2024 2023
£    £   
Stocks 52,650 69,303

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 241,570 185,713
Other debtors 6,145 6,145
Prepayments and accrued income 9,969 12,401
257,684 204,259

Buckingham Equine Vets Limited (Registered number: 07689981)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,538 54,139
Corporation tax 89,035 62,865
Social security and other taxes (2,739 ) -
VAT 56,817 43,606
Other creditors 1,890 1,485
Pension Fund 1,334 1,672
Directors' current accounts 1,465 1,273
Accruals and deferred income 9,057 13,250
166,397 178,290

9. RELATED PARTY DISCLOSURES

During the year, the company owed £1,465 (2023: £1,258) to a director of the company.

10. ULTIMATE CONTROLLING PARTY

There is no controlling party.