| All Creatures Vet Centre Limited |
| Registered number: |
10343015 |
| Balance Sheet |
| as at 31 August 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
63,410 |
|
|
66,731 |
|
| Current assets |
| Stocks |
|
|
6,000 |
|
|
6,000 |
| Debtors |
4 |
|
916 |
|
|
14,605 |
| Cash at bank and in hand |
|
|
64,831 |
|
|
60,357 |
|
|
|
71,747 |
|
|
80,962 |
|
| Creditors: amounts falling due within one year |
5 |
|
(60,069) |
|
|
(100,318) |
|
| Net current assets/(liabilities) |
|
|
|
11,678 |
|
|
(19,356) |
|
| Net assets |
|
|
|
75,088 |
|
|
47,375 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
40 |
|
|
40 |
| Profit and loss account |
|
|
|
75,048 |
|
|
47,335 |
|
| Shareholders' funds |
|
|
|
75,088 |
|
|
47,375 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| E Coleman-Field |
| Director |
| Approved by the board on 21 May 2019 |
|
| All Creatures Vet Centre Limited |
| Notes to the Accounts |
| for the year ended 31 August 2018 |
|
|
| 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. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
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: |
|
|
Motor vehicles |
25% redicing balance |
|
Plant and machinery |
20% straight line |
|
Computer equipment |
33% straight line |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2018 |
|
2017 |
| Number |
Number |
|
|
Average number of persons employed by the company |
6 |
|
6 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 September 2017 |
45,185 |
|
23,341 |
|
4,000 |
|
72,526 |
|
Additions |
- |
|
2,781 |
|
- |
|
2,781 |
|
At 31 August 2018 |
45,185 |
|
26,122 |
|
4,000 |
|
75,307 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2017 |
- |
|
4,795 |
|
1,000 |
|
5,795 |
|
Charge for the year |
- |
|
5,352 |
|
750 |
|
6,102 |
|
At 31 August 2018 |
- |
|
10,147 |
|
1,750 |
|
11,897 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2018 |
45,185 |
|
15,975 |
|
2,250 |
|
63,410 |
|
At 31 August 2017 |
45,185 |
|
18,546 |
|
3,000 |
|
66,731 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade debtors |
429 |
|
14,118 |
|
Other debtors |
487 |
|
487 |
|
|
|
|
|
|
916 |
|
14,605 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade creditors |
15,122 |
|
14,331 |
|
Corporation tax |
30,963 |
|
12,749 |
|
Other taxes and social security costs |
4,589 |
|
13,035 |
|
Other creditors |
9,395 |
|
60,203 |
|
|
|
|
|
|
60,069 |
|
100,318 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
All Creatures Vet Centre Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
55 Main Street |
|
East Leake |
|
Loughborough |
|
LE12 6PF |
