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Registration number: 5567837

Special Friends Animal Medical Centre Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2024

 

Special Friends Animal Medical Centre Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Special Friends Animal Medical Centre Limited

(Registration number: 5567837)
Abridged Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

164,831

155,275

Current assets

 

Stocks

50,104

25,100

Debtors

289,337

59,734

Cash at bank and in hand

 

361,142

361,769

 

700,583

446,603

Creditors: Amounts falling due within one year

(183,335)

(141,077)

Net current assets

 

517,248

305,526

Total assets less current liabilities

 

682,079

460,801

Creditors: Amounts falling due after more than one year

(62,603)

(51,619)

Provisions for liabilities

(33,271)

(26,695)

Net assets

 

586,205

382,487

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

586,105

382,387

Total equity

 

586,205

382,487

 

Special Friends Animal Medical Centre Limited

(Registration number: 5567837)
Abridged Balance Sheet as at 31 December 2024

For the financial year ending 31 December 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 19 August 2025 and signed on its behalf by:
 

Mr TM Land

Director

Mrs C Land

Director

 

Special Friends Animal Medical Centre Limited

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

1

General information

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

The address of its registered office is:
79/81 Poplar Road
Redditch
Worcester
Worcestershire
B97 6NY

These financial statements were authorised for issue by the Board on 19 August 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.

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.

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

8% straight line

Motor vehicles

25% reducing balance

Fixtures and fittings

15% reducing balance

 

Special Friends Animal Medical Centre Limited

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

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

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 17 (2023 - 17).

 

Special Friends Animal Medical Centre Limited

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

4

Intangible assets

Total
£

Cost or valuation

At 1 January 2024

106,331

At 31 December 2024

106,331

Amortisation

At 1 January 2024

106,331

At 31 December 2024

106,331

Carrying amount

At 31 December 2024

-

5

Tangible assets

Total
£

Cost or valuation

At 1 January 2024

473,003

Additions

74,654

Disposals

(47,740)

At 31 December 2024

499,917

Depreciation

At 1 January 2024

317,728

Charge for the year

44,958

Eliminated on disposal

(27,600)

At 31 December 2024

335,086

Carrying amount

At 31 December 2024

164,831

At 31 December 2023

155,275

6

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 £67,200 (2023 - £84,000).

 

Special Friends Animal Medical Centre Limited

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

7

Related party transactions

Advances to directors


Mr TM Land

During the period Mr TM and Mrs C Land went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £77,350 (2023 - £35,977). At the year end the amount outstanding from Mr TM and Mrs C Land was £77,350 (2023 - £Nil). Interest has been charged at the commercial rate.

Summary of transactions with other related parties

Included within debtors is a balance of £150,588 (2023 - £588) owing from Mingus PIC Ltd, a company under the control of the directors of Special Friends Animal Medical Centre Ltd.