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Registered Number: NI704188
Northern Ireland

 

 

 

NI EQUINE DENTAL VET LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 03 November 2023

End date: 30 November 2024
Director Sarah Caroline Smyth
Registered Number NI704188
Registered Office 7 Craigstown Road
Moorfields
Ballymena
BT42 3DF
1
Director's report and financial statements
The director presents her annual report and the financial statements for the year ended 30 November 2024
Principal activities
The companys principal activity during the year was the activity of Equine Dental treatment.
Director
The director who served the company throughout the period was as follows:
Sarah Caroline Smyth
Statement of director's responsibilities
The director is responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Sarah Caroline Smyth
Director

Date approved: 16 July 2025
2
 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 3 5,798 
5,798 
Current assets    
Stocks 4 1,747 
Cash at bank and in hand 12,705 
14,452 
Creditors: amount falling due within one year 5 (16,179)
Net current assets (1,727)
 
Total assets less current liabilities 4,071 
Net assets 4,071 
 

Capital and reserves
   
Called up share capital 1 
Profit and loss account 4,070 
Shareholders' funds 4,071 
 


For the period ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 16 July 2025 and were signed by:


-------------------------------
Sarah Caroline Smyth
Director
3
  Equity share capital   Revaluation reserve   Capital redemption reserve   Retained Earnings   Total
£ £ £ £ £
At 03 November 2023
Profit for the period 4,070  4,070 
Total comprehensive income for the period 4,070  4,070 
Shares issued 1 
Total investments by and distributions to owners 1 
At 30 November 2024 1  4,070  4,071 
4
General Information
NI Equine Dental Vet Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI704188, registration address 7 Craigstown Road , Moorfields, Ballymena, BT42 3DF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the requirements of the Companies Act 2006 as applicable to companies subject to the small
companies regime. The disclosure requirements of section 1A of FRS 102 have been applied

other than where additional disclosure is required to show a true and fair view.

The accounts have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the
company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern basis
The Company made a profit during the year ended 30 November 2024 and, at that date, the Company's assets exceeded its liabilities.
The director believes that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Statement of cash flows
The company has taken advantage of the exemption from the requirements of FRS 102 to
present a Statement of Cash Flows on the grounds that it is a small sized company.

Judgements and key sources of uncertainty
Judgements and key sources of estimation uncertainty are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
There were no critical judgements used in the application of accounting policies, and the
preparation of the financial statements. There were no critical accounting estimates or
assumptions used in the application of accounting policies and the preparation of the financial statements.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the ordinary course of business, excluding VAT and other sales-related taxes. The fair value of  consideration reflects any trade discounts, settlement discounts, or volume-based rebates.
Revenue from services is recognised when:
- The service has been substantially performed or delivered to the customer;
- The amount of revenue can be measured reliably;
- It is probable that the economic benefits associated with the transaction will flow to the entity;
- Costs incurred or to be incurred in delivering the service can be measured reliably.
Where services are provided over time, revenue is recognised in line with the stage of completion at the reporting date, based on either output methods (e.g. milestones achieved) or input methods (e.g. time spent or resources consumed), depending on which most accurately reflects performance

Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Cost includes expenditure that is directly attributable to the acquisition of the asset and bringing it into working condition for its intended use.
Depreciation is provided on all tangible fixed assets to write off the cost, less estimated residual value, in equal annual instalments over their expected useful lives, as follows:
- Medical and dental equipment 5 years
The useful lives and residual values of assets are reviewed annually, and adjusted if appropriate. Assets under construction are not depreciated until they are brought into use.

Stocks
Stocks are stated at the lower of cost and net realisable value. Cost includes direct purchase costs and any attributable overheads incurred in bringing the items to their present location and condition. Stocks comprise consumables and medical supplies held for use in the provision of services and are expensed to the profit and loss account upon consumption.
Provision is made for obsolete, expired or slow-moving items where appropriate to ensure that stock is not carried at a value higher than its expected recoverable amount.

2.

Average number of employees

Average number of employees during the period was 1.
3.

Tangible fixed assets

Cost or valuation Dental Equipment   Total
  £   £
At 03 November 2023  
Additions 7,418    7,418 
Disposals  
At 30 November 2024 7,418    7,418 
Depreciation
At 03 November 2023  
Charge for period 1,620    1,620 
On disposals  
At 30 November 2024 1,620    1,620 
Net book values
Closing balance as at 30 November 2024 5,798    5,798 
Opening balance as at 03 November 2023  


4.

Stocks

2024
£
Stocks 1,747 
1,747 

5.

Creditors: amount falling due within one year

2024
£
Corporation Tax 1,335 
Accrued Expenses 1,000 
Other Creditors 1,685 
Directors' Current Accounts 11,431 
VAT 728 
16,179 

6.

Ultimate Controlling Party

The company's ultimate controlling party is Sarah Smyth by virtue of his ownership of 100% of the issued share capital in the company. Sarah Smyth is the sole director and shareholder, holding one ordinary share as at the balance sheet date.


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