1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2024 - FRS102_2024 4,753 1,373 1,189 2,562 2,191 3,380 xbrli:pure xbrli:shares iso4217:GBP 13512818 2023-08-01 2024-07-31 13512818 2024-07-31 13512818 2023-07-31 13512818 2022-08-01 2023-07-31 13512818 2023-07-31 13512818 2022-07-31 13512818 bus:Director1 2023-08-01 2024-07-31 13512818 core:WithinOneYear 2024-07-31 13512818 core:WithinOneYear 2023-07-31 13512818 core:ShareCapital 2024-07-31 13512818 core:ShareCapital 2023-07-31 13512818 core:RetainedEarningsAccumulatedLosses 2024-07-31 13512818 core:RetainedEarningsAccumulatedLosses 2023-07-31 13512818 bus:SmallEntities 2023-08-01 2024-07-31 13512818 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 13512818 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13512818 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13512818 bus:FullAccounts 2023-08-01 2024-07-31 13512818 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 13512818 core:FurnitureFittingsToolsEquipment 2024-07-31 13512818 core:FurnitureFittingsToolsEquipment 2023-07-31 13512818 core:OtherRelatedParties 2023-08-01 2024-07-31
COMPANY REGISTRATION NUMBER: 13512818
Vets4U Limited
Filleted Unaudited Financial Statements
31 July 2024
Vets4U Limited
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
2,191
3,380
Current assets
Stocks
14,550
26,360
Debtors
6
6,422
7,498
Cash at bank and in hand
47,175
23,622
--------
--------
68,147
57,480
Creditors: amounts falling due within one year
7
257,497
195,377
---------
---------
Net current liabilities
189,350
137,897
---------
---------
Total assets less current liabilities
( 187,159)
( 134,517)
---------
---------
Net liabilities
( 187,159)
( 134,517)
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 187,161)
( 134,519)
---------
---------
Shareholders deficit
( 187,159)
( 134,517)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Vets4U Limited
Statement of Financial Position (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 25 April 2025 , and are signed on behalf of the board by:
Mr R V Thakkar
Director
Company registration number: 13512818
Vets4U Limited
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Pomeroy Drive, Oadby, Leicester, LE2 5NE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 2 ).
5. Tangible assets
Equipment
£
Cost
At 1 August 2023 and 31 July 2024
4,753
-------
Depreciation
At 1 August 2023
1,373
Charge for the year
1,189
-------
At 31 July 2024
2,562
-------
Carrying amount
At 31 July 2024
2,191
-------
At 31 July 2023
3,380
-------
6. Debtors
2024
2023
£
£
Trade debtors
674
312
Other debtors
5,748
7,186
-------
-------
6,422
7,498
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
21,185
33,239
Social security and other taxes
688
1,563
Other creditors
235,624
160,575
---------
---------
257,497
195,377
---------
---------
8. Going concern
At 31 July 2024 the company's liabilities exceed its assets by £187,159(2023: £134,517). The company's main creditors are the directors who have stated that they will continue to financially support the company to enable it to continue trading for the foreseeable future.
9. Related party transactions
During the year the company received an interest free loan from a related party. The amount due at 31 July 2024 is £150,922.