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REGISTERED NUMBER: 05811266 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

ASPEN VETS LTD

ASPEN VETS LTD (REGISTERED NUMBER: 05811266)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ASPEN VETS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: R Dutta





SECRETARY:





REGISTERED OFFICE: 114-116 Goodmayes Road
Ilford
Essex
IG3 9UZ





REGISTERED NUMBER: 05811266 (England and Wales)





ACCOUNTANTS: Ashfords Partnership LLP
114 - 116 Goodmayes Road
Ilford
Essex
IG3 9UZ

ASPEN VETS LTD (REGISTERED NUMBER: 05811266)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 3,500 7,000
Tangible assets 5 72,243 85,362
75,743 92,362

CURRENT ASSETS
Stocks 11,250 8,240
Debtors 6 73,373 10,667
Cash at bank and in hand 62,471 64,130
147,094 83,037
CREDITORS
Amounts falling due within one year 7 239,257 158,390
NET CURRENT LIABILITIES (92,163 ) (75,353 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,420

)

17,009

PROVISIONS FOR LIABILITIES 8,500 8,500
NET (LIABILITIES)/ASSETS (24,920 ) 8,509

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (25,120 ) 8,309
SHAREHOLDERS' FUNDS (24,920 ) 8,509

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

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

The director acknowledges his 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.

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 director and authorised for issue on 28 April 2025 and were signed by:



R Dutta - Director


ASPEN VETS LTD (REGISTERED NUMBER: 05811266)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Aspen Vets Ltd 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 represents net invoiced sales of goods and services provided, excluding value added tax.

Goodwill
In the opinion of the Director, the goodwill arising on incorporation of business of £35000 on 1st October 2006 was worth the same amount on 1st August 2015 and in accordance with FRS102 this is now amortized over 10 years.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Patents and licences
Patents and Licence costs are amortised on a straight line basis over 5 years.

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 - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% 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 statement of financial position date.


ASPEN VETS LTD (REGISTERED NUMBER: 05811266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Going concern
The accounts have been prepared on a going concern basis on the assumption that the Company will continue to receive adequate financial assistance from its participators, Creditors and Bankers.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 35,000 2,444 37,444
AMORTISATION
At 1 August 2023 28,000 2,444 30,444
Amortisation for year 3,500 - 3,500
At 31 July 2024 31,500 2,444 33,944
NET BOOK VALUE
At 31 July 2024 3,500 - 3,500
At 31 July 2023 7,000 - 7,000

ASPEN VETS LTD (REGISTERED NUMBER: 05811266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2023
and 31 July 2024 232,699 74,524 63,846 16,101 387,170
DEPRECIATION
At 1 August 2023 182,745 55,271 50,830 12,962 301,808
Charge for year 7,493 2,888 1,953 785 13,119
At 31 July 2024 190,238 58,159 52,783 13,747 314,927
NET BOOK VALUE
At 31 July 2024 42,461 16,365 11,063 2,354 72,243
At 31 July 2023 49,954 19,253 13,016 3,139 85,362

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 13,773 10,667
Other debtors 59,600 -
73,373 10,667

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts - 2,087
Trade creditors 40,786 25,482
Taxation and social security 190,671 123,436
Other creditors 7,800 7,385
239,257 158,390