2023-09-012024-08-312024-08-31false12819395VETERINARY EMERGENCY SERVICES 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VETERINARY EMERGENCY SERVICES LIMITED

Registered Number
12819395
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

VETERINARY EMERGENCY SERVICES LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

MOGNETTI, Louis-Gabriel Marie Andre
PRADIER, Clara Aglae

Registered Address

51 Hoxton Square
London
N1 6PB

Registered Number

12819395 (England and Wales)
VETERINARY EMERGENCY SERVICES LIMITED
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets41,8662,239
Tangible assets5529,340520,043
531,206522,282
Current assets
Debtors659,64141,325
Cash at bank and on hand816,882523,994
876,523565,319
Creditors amounts falling due within one year7(551,584)(311,120)
Net current assets (liabilities)324,939254,199
Total assets less current liabilities856,145776,481
Creditors amounts falling due after one year8(380,372)(413,801)
Provisions for liabilities10(76,240)(64,961)
Net assets399,533297,719
Capital and reserves
Called up share capital100100
Profit and loss account399,433297,619
Shareholders' funds399,533297,719
The financial statements were approved and authorised for issue by the Board of Directors on 1 May 2025, and are signed on its behalf by:
MOGNETTI, Louis-Gabriel Marie Andre
Director
PRADIER, Clara Aglae
Director

Registered Company No. 12819395
VETERINARY EMERGENCY SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
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 the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery20-
Fixtures and fittings-4
Vehicles20-
Office Equipment-4
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year4928
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Intangible assets

Other

Total

££
Cost or valuation
At 01 September 232,6122,612
At 31 August 242,6122,612
Amortisation and impairment
At 01 September 23373373
Charge for year373373
At 31 August 24746746
Net book value
At 31 August 241,8661,866
At 31 August 232,2392,239
5.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 September 23239,67383,695337,96013,637674,965
Additions52,67562,99241,6604,548161,875
Disposals--(17,495)-(17,495)
At 31 August 24292,348146,687362,12518,185819,345
Depreciation and impairment
At 01 September 2365,14316,73966,7016,339154,922
Charge for year45,44025,99058,2355,418135,083
At 31 August 24110,58342,729124,93611,757290,005
Net book value
At 31 August 24181,765103,958237,1896,428529,340
At 31 August 23174,53066,956271,2597,298520,043
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables21,1817,469
Other debtors21,55522,105
Prepayments and accrued income16,90511,751
Total59,64141,325
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables103,36059,244
Bank borrowings and overdrafts34,56730,242
Amounts owed to related parties13,4807,265
Taxation and social security239,34594,784
Finance lease and HP contracts54,55943,964
Other creditors106,27364,910
Accrued liabilities and deferred income-10,711
Total551,584311,120
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts232,867267,434
Other creditors147,505146,367
Total380,372413,801
9.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts147,506146,367
10.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)76,24064,961
Total76,24064,961