Aylesbury Vets Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10241530 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2018

for

Aylesbury Vets Ltd

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Miss E F Dale

Dr S O Whipman

REGISTERED OFFICE:

Unit D Walton Court

Walton Court Centre, Hannon Road

Aylesbury

HP21 8TJ

REGISTERED NUMBER:

10241530 (England and Wales)

ACCOUNTANTS:

MJ Bookkeeping Services Limited

Unit 6 First Floor The Courtyard

Milton Road

Aylesbury

Buckinghamshire

HP21 7LZ

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Aylesbury Vets Ltd for the year ended 30 June 2018

which comprises the Income Statement, Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Aylesbury Vets Ltd, as a body, in

accordance with the terms of our engagement letter. Our work has been undertaken solely to

prepare for your approval the accounts of Aylesbury Vets Ltd and state those matters that we have

agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not

accept or assume responsibility to anyone other than Aylesbury Vets Ltd and its Board of Directors

as a body for our work or for this report.

It is your duty to ensure that Aylesbury Vets Ltd has kept adequate accounting records and to

prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position

and profit of Aylesbury Vets Ltd. You consider that Aylesbury Vets Ltd is exempt from the statutory

audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Aylesbury Vets

Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records

or information and explanations you have given to us and we do not, therefore, express any

opinion on the statutory accounts.

MJ Bookkeeping Services Limited

Unit 6 First Floor The Courtyard

Milton Road

Aylesbury

Buckinghamshire

HP21 7LZ

30 April 2019

FIXED ASSETS

Tangible assets

4

150,165

156,980

CURRENT ASSETS

Stocks

6,604

7,918

Debtors

5

16,752

28,994

Cash at bank

55,203

90,481

78,559

127,393

CREDITORS

Amounts falling due within one year

6

96,297

83,527

NET CURRENT (LIABILITIES)/ASSETS

(17,738

)

43,866

TOTAL ASSETS LESS CURRENT LIABILITIES

132,427

200,846

CREDITORS

Amounts falling due after more than one year

7

203,088

225,325

NET LIABILITIES

(70,661

)

(24,479

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(70,663

)

(24,481

)

SHAREHOLDERS' FUNDS

(70,661

)

(24,479

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 April 2019 and were signed on its behalf by:

Dr S O Whipman - Director

1.	STATUTORY INFORMATION

Aylesbury Vets Ltd is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis.

The Director's have confirmed their intention to provide the company with financial support to

enable it to continue operations and to meet its liabilities as and when they fall due for the

foreseeable future.

The financial statements do not include any adjustments that would be required should the

going concern basis not be appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

leasehold

fittings

Totals

£

£

£

COST

At 1 July 2017

100,043

59,000

159,043

Additions

9,941

10,057

19,998

At 30 June 2018

109,984

69,057

179,041

DEPRECIATION

At 1 July 2017

834

1,229

2,063

Charge for year

10,004

16,809

26,813

At 30 June 2018

10,838

18,038

28,876

NET BOOK VALUE

At 30 June 2018

99,146

51,019

150,165

At 30 June 2017

99,209

57,771

156,980

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

as

restated

£

£

Trade debtors

1,751

120

Other debtors

15,001

28,874

16,752

28,994

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

as

restated

£

£

Bank loans and overdrafts (see note 8)

18,333

-

Trade creditors

73,551

69,922

Other creditors

4,413

13,605

96,297

83,527

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.18

30.6.17

as

restated

£

£

Bank loans (see note 8)

145,139

165,000

Other creditors

57,949

60,325

203,088

225,325

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

71,805

91,666

Other loans more 5yrs instal

36,964

-

108,769

91,666

8.

LOANS

An analysis of the maturity of loans is given below:

30.6.18

30.6.17

as

restated

£

£

Amounts falling due within one year or on demand:

Bank loans

18,333

-

Other loans

4,413

-

22,746

-

Amounts falling due between one and two years:

Bank loans - 1-2 years

18,334

36,667

Other loans - 1-2 years

4,889

13,659

23,223

50,326

Amounts falling due between two and five years:

Bank loans - 2-5 years

55,000

36,667

Other loans - 2-5 years

16,096

46,666

71,096

83,333

Amounts falling due in more than five years:

30.6.18

30.6.17

as

restated

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

71,805

91,666

Other loans more 5yrs instal

36,964

-

108,769

91,666

9.	SECURED DEBTS

The bank loan is secured via a fixed and floating charge over the company assets.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended

30 June 2018 and the period ended 30 June 2017:

30.6.18

30.6.17

as

restated

£

£

Miss E F Dale and Dr S O Whipman

Balance outstanding at start of year

(12,755

)

-

Amounts advanced

14,872

(12,755

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,117

(12,755

)