Lestone Veterinary Centre Limited 08759849 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is the provision of veterinary services. Digita Accounts Production Advanced 6.30.9574.0 true true 08759849 2023-09-01 2024-08-31 08759849 2024-08-31 08759849 core:RetainedEarningsAccumulatedLosses 2024-08-31 08759849 core:ShareCapital 2024-08-31 08759849 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 08759849 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 08759849 bus:SmallEntities 2023-09-01 2024-08-31 08759849 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 08759849 bus:FullAccounts 2023-09-01 2024-08-31 08759849 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08759849 bus:RegisteredOffice 2023-09-01 2024-08-31 08759849 bus:Director1 2023-09-01 2024-08-31 08759849 bus:Director1 2 2023-09-01 2024-08-31 08759849 bus:Director2 2023-09-01 2024-08-31 08759849 bus:Director2 1 2023-09-01 2024-08-31 08759849 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08759849 core:Goodwill 2023-09-01 2024-08-31 08759849 core:Buildings 2023-09-01 2024-08-31 08759849 core:FurnitureFittings 2023-09-01 2024-08-31 08759849 core:OfficeEquipment 2023-09-01 2024-08-31 08759849 core:PlantMachinery 2023-09-01 2024-08-31 08759849 core:Vehicles 2023-09-01 2024-08-31 08759849 countries:England 2023-09-01 2024-08-31 08759849 2023-08-31 08759849 2022-09-01 2023-08-31 08759849 2023-08-31 08759849 core:RetainedEarningsAccumulatedLosses 2023-08-31 08759849 core:ShareCapital 2023-08-31 08759849 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 08759849 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 08759849

Lestone Veterinary Centre Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 August 2024

 

Lestone Veterinary Centre Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Lestone Veterinary Centre Limited

(Registration number: 08759849)
Abridged Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

1,033,827

633,203

Tangible assets

5

724,641

693,560

 

1,758,468

1,326,763

Current assets

 

Stocks

100,639

35,346

Debtors

303,887

56,583

Cash at bank and in hand

 

186,835

352,400

 

591,361

444,329

Creditors: Amounts falling due within one year

6

(531,721)

(373,493)

Net current assets

 

59,640

70,836

Total assets less current liabilities

 

1,818,108

1,397,599

Creditors: Amounts falling due after more than one year

7

(1,799,699)

(1,388,664)

Provisions for liabilities

(28,541)

(17,124)

Net liabilities

 

(10,132)

(8,189)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(10,232)

(8,289)

Total equity

 

(10,132)

(8,189)

 

Lestone Veterinary Centre Limited

(Registration number: 08759849)
Abridged Balance Sheet as at 31 August 2024

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 6 May 2025 and signed on its behalf by:
 


 


Mr P Verschueren

Director


 


Mr E A de Vries

Director

 

Lestone Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
83 Hockliffe Road
Leighton Buzzard
Bedfordshire
LU7 3FL

These financial statements were authorised for issue by the Board on 6 May 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have considered the financial position of the company in view of the results in the year ended 31 August 2024.

The directors have considered a period of 12 months from the date of approval of the financial statements and consider it appropriate to prepare the financial statements on a going concern basis.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Lestone Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

2% Straight Line

Motor Vehicles

25% Reducing Balance

Plant & Machinery

20% Reducing Balance

Fixtures & Fittings

15% Reducing Balance

Office Equipment

25% Reducing Balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 47 (2023 - 23).

4

Intangible assets

Total
£

Cost or valuation

At 1 September 2023

1,414,264

Additions acquired separately

586,000

At 31 August 2024

2,000,264

Amortisation

At 1 September 2023

781,061

Amortisation charge

185,376

At 31 August 2024

966,437

Carrying amount

At 31 August 2024

1,033,827

At 31 August 2023

633,203

 

Lestone Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

5

Tangible assets

Total
£

Cost or valuation

At 1 September 2023

825,193

Additions

72,412

At 31 August 2024

897,605

Depreciation

At 1 September 2023

131,633

Charge for the year

41,331

At 31 August 2024

172,964

Carrying amount

At 31 August 2024

724,641

At 31 August 2023

693,560

6

Creditors: amounts falling due within one year

Creditors include bank loans which are secured of £57,700 (2023 - £34,600).

7

Creditors: amounts falling due after more than one year

Creditors include bank loans which are secured of £1,799,699 (2023 - £1,388,664).

Creditors include bank loans repayable by instalments of £1,568,899 (2023- £1,225,555) due after more than five years.

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £43,160 (2023 - £51,204).

9

Related party transactions

Advances to directors


Mr E A de Vries

During the period Mr E A de Vries went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £11,016 (2023 - £2,819). At the year end the amount outstanding from Mr E A de Vries was £Nil (2023 - £-). Interest has been charged at the commercial rate.


Mr P Verschueren

During the period Mr P Verschueren went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £10,218 (2023 - £Nil). At the year end the amount outstanding from Mr P Verschueren was £279 (2023 - £-). Interest has been charged at the commercial rate.