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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
Page
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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
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Avenues Veterinary Clinic Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
435,200 
462,400 
Tangible assets
344,828 
362,705 
780,028 
825,105 
Current assets
Inventories
13,918 
16,910 
Debtors
39,680 
29,542 
Cash at bank and in hand
108,852 
90,758 
162,450 
137,210 
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)
Net assets
69,711 
46,091 
Capital and reserves
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
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Avenues Veterinary Clinic Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
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
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.
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Avenues Veterinary Clinic Limited Notes to the Accounts for the year ended 31 October 2024
Leased assets
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
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.
Pension costs
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 
£ 
Cost
At 1 November 2023
544,000 
At 31 October 2024
544,000 
Amortisation
At 1 November 2023
81,600 
Charge for the year
27,200 
At 31 October 2024
108,800 
Net book value
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 
Additions
- 
255 
- 
- 
255 
At 31 October 2024
354,248 
46,951 
4,801 
7,216 
413,216 
Depreciation
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 
Net book value
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 
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Avenues Veterinary Clinic Limited Notes to the Accounts for the year ended 31 October 2024
6
Debtors
2024 
2023 
£ 
£ 
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 
39,680 
29,542 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
22,436 
23,560 
VAT
20,894 
19,989 
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 
Accruals
7,543 
7,808 
171,050 
190,497 
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
9
Share capital
2024 
2023 
£ 
£ 
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).
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