Nela Limited |
Notes to the Accounts |
for the period from 26 January 2024 to 31 January 2025 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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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 veterinary services. 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. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Plant and machinery |
over 5 years |
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Fixtures, fittings, tools and equipment |
over 5 years |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current period. |
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2 |
Employees |
2025 |
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Number |
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Average number of persons employed by the company |
2 |
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3 |
Tangible fixed assets |
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Land and buildings |
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Plant and machinery etc |
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Total |
£ |
£ |
£ |
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Cost |
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Additions |
10,053 |
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1,747 |
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11,800 |
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At 31 January 2025 |
10,053 |
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1,747 |
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11,800 |
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Depreciation |
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Charge for the period |
- |
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350 |
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350 |
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At 31 January 2025 |
- |
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350 |
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350 |
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Net book value |
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At 31 January 2025 |
10,053 |
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1,397 |
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11,450 |
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4 |
Debtors |
2025 |
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£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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7,869 |
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Other debtors |
3,669 |
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11,538 |
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5 |
Creditors: amounts falling due within one year |
2025 |
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£ |
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Trade creditors |
8,829 |
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Taxation and social security costs |
23,285 |
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32,114 |
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6 |
Other information |
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Nela Limited is a private company limited by shares and incorporated in England. Its registered office is: |