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REGISTERED NUMBER: 10976570 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

CORNISH PAWS VETERINARY PRACTICE LTD

CORNISH PAWS VETERINARY PRACTICE LTD (REGISTERED NUMBER: 10976570)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORNISH PAWS VETERINARY PRACTICE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: M E M Thomas
Mrs S J Thomas





SECRETARY:





REGISTERED OFFICE: Memorial Grounds
Kernick Road
Penryn
Cornwall
TR10 8NT





REGISTERED NUMBER: 10976570 (England and Wales)





ACCOUNTANTS: Greenwood Wilson
The Old School
The Stennack
St Ives
Cornwall
TR26 1QU

CORNISH PAWS VETERINARY PRACTICE LTD (REGISTERED NUMBER: 10976570)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 82,954 61,577

CURRENT ASSETS
Stocks 39,500 32,028
Debtors 5 8,094 46,834
Cash at bank and in hand 69,821 71,713
117,415 150,575
CREDITORS
Amounts falling due within one year 6 179,162 174,415
NET CURRENT LIABILITIES (61,747 ) (23,840 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,207

37,737

PROVISIONS FOR LIABILITIES 20,739 15,394
NET ASSETS 468 22,343

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 366 22,241
SHAREHOLDERS' FUNDS 468 22,343

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.

CORNISH PAWS VETERINARY PRACTICE LTD (REGISTERED NUMBER: 10976570)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by:




M E M Thomas - Director



Mrs S J Thomas - Director


CORNISH PAWS VETERINARY PRACTICE LTD (REGISTERED NUMBER: 10976570)

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

1. STATUTORY INFORMATION

Cornish Paws Veterinary Practice 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 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.

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 Statement of Income and Retained Earnings, 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.

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 20 (2023 - 22 ) .

CORNISH PAWS VETERINARY PRACTICE LTD (REGISTERED NUMBER: 10976570)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 93,138
Additions 29,544
At 31 August 2024 122,682
DEPRECIATION
At 1 September 2023 31,561
Charge for year 8,167
At 31 August 2024 39,728
NET BOOK VALUE
At 31 August 2024 82,954
At 31 August 2023 61,577

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,644 7,858
Other debtors 1,450 38,976
8,094 46,834

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,837 33,764
Trade creditors 14,427 32,746
Taxation and social security 132,026 100,003
Other creditors 8,872 7,902
179,162 174,415