Registered number
04614836
Amwell Veterinary Practice Limited
Filleted Accounts for the year ended
31 December 2024
Amwell Veterinary Practice Limited
Registered number: 04614836
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 11,040 14,720
Tangible assets 4 8,318 9,641
19,358 24,361
Current assets
Debtors 5 71,864 95,900
Cash at bank and in hand 26,291 31,950
98,155 127,850
Creditors: amounts falling due within one year 6 (117,249) (101,800)
Net current (liabilities)/assets (19,094) 26,050
Net assets 264 50,411
Capital and reserves
Called up share capital 2 2
Profit and loss account 262 50,409
Shareholders' funds 264 50,411
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M R Lamont
Director
Approved by the board on 26 September 2025
Amwell Veterinary Practice Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery on a 25% reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 92,000
At 31 December 2024 92,000
Amortisation
At 1 January 2024 77,280
Provided during the year 3,680
At 31 December 2024 80,960
Net book value
At 31 December 2024 11,040
At 31 December 2023 14,720
Goodwill is being written off in equal annual instalments over its estimated economic life of 25 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 97,394
Additions 1,450
At 31 December 2024 98,844
Depreciation
At 1 January 2024 87,753
Charge for the year 2,773
At 31 December 2024 90,526
Net book value
At 31 December 2024 8,318
At 31 December 2023 9,641
5 Debtors 2024 2023
£ £
Trade debtors 58,026 81,912
Other debtors 13,838 13,988
71,864 95,900
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,122 -
Trade creditors 26,158 18,745
Taxation and social security costs 84,669 80,552
Accruals 2,300 2,300
Other creditors - 203
117,249 101,800
7 Transactions with the director
During the year, the directors, D. Barter and M. Lamont each holding 50% of the company share capital, received dividends of £237,119 (2023: £243,203).
8 Controlling party
There is no ultimate controlling party. The directors each hold 50% of the company's share capital.
9 Other information
Amwell Veterinary Practice Limited is a private company limited by shares and incorporated in England. Its registered office is:
52 Amwell Street
London
EC1R 1XS
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