Company Registration No. 12541395 (England and Wales)
Avenues Veterinary Clinic Limited
Unaudited accounts
for the year ended 31 October 2024
Avenues Veterinary Clinic Limited
Unaudited accounts
Contents
Avenues Veterinary Clinic Limited
Company Information
for the year ended 31 October 2024
Directors
D N Barker
A C Barker
Company Number
12541395 (England and Wales)
Registered Office
9 Albans View
Watford
WD25 7HA
Avenues Veterinary Clinic Limited
Statement of financial position
as at 31 October 2024
Intangible assets
435,200
462,400
Tangible assets
344,828
362,705
Cash at bank and in hand
108,852
90,758
Creditors: amounts falling due within one year
(171,050)
(190,497)
Net current liabilities
(8,600)
(53,287)
Total assets less current liabilities
771,428
771,818
Creditors: amounts falling due after more than one year
(696,987)
(718,299)
Provisions for liabilities
Deferred tax
(4,730)
(7,428)
Called up share capital
100
100
Profit and loss account
69,611
45,991
Shareholders' funds
69,711
46,091
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by
D N Barker
Director
Company Registration No. 12541395
Avenues Veterinary Clinic Limited
Notes to the Accounts
for the year ended 31 October 2024
Avenues Veterinary Clinic Limited is a private company, limited by shares, registered in England and Wales, registration number 12541395. The registered office is 9 Albans View, Watford, WD25 7HA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
20% straight line
Fixtures & fittings
20% reducing balance basis
Computer equipment
33.33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Avenues Veterinary Clinic Limited
Notes to the Accounts
for the year ended 31 October 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
At 1 November 2023
544,000
At 31 October 2024
544,000
Charge for the year
27,200
At 31 October 2024
108,800
At 31 October 2024
435,200
At 31 October 2023
462,400
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2023
354,248
46,696
4,801
7,216
412,961
At 31 October 2024
354,248
46,951
4,801
7,216
413,216
At 1 November 2023
21,255
22,598
1,783
4,620
50,256
Charge for the year
7,085
9,340
604
1,103
18,132
At 31 October 2024
28,340
31,938
2,387
5,723
68,388
At 31 October 2024
325,908
15,013
2,414
1,493
344,828
At 31 October 2023
332,993
24,098
3,018
2,596
362,705
Avenues Veterinary Clinic Limited
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Trade debtors
25,501
16,365
Accrued income and prepayments
3,832
4,674
Other debtors
10,347
8,503
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
22,436
23,560
Trade creditors
32,131
34,151
Taxes and social security
29,498
22,975
Other creditors
5,054
24,924
Loans from directors
53,494
57,090
The bank liabilities are secured
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
696,987
718,299
The bank liabilities are secured
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 8 (2023: 8).