Poole Road Veterinary Ltd - Accounts to registrar (filleted) - small 18.2
Poole Road Veterinary Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019 |
| FOR |
| POOLE ROAD VETERINARY LTD |
| POOLE ROAD VETERINARY LTD (REGISTERED NUMBER: 06586206) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| Page |
| Balance sheet | 1 |
| Notes to the financial statements | 2 |
| POOLE ROAD VETERINARY LTD (REGISTERED NUMBER: 06586206) |
| BALANCE SHEET |
| 31 MARCH 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Provisions for liabilities | 8 |
| Net assets |
| Capital and reserves |
| Called up share capital | 9 |
| Retained earnings |
| Shareholders' funds |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| POOLE ROAD VETERINARY LTD (REGISTERED NUMBER: 06586206) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 1. | Statutory information |
| Poole Road Veterinary Limited is a private company, limited by shares, registered in England and Wales. The company's |
| registered number is 06586206. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business |
| address is 340 Poole Road, Branksome, Poole, Dorset, BH12 1AW. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents amounts receivable, excluding value added tax, in respect of services provided in the ordinary course |
| of business. Turnover is recognised when the service has been provided to the customer. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of the business in 2009, has been fully amortised. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any |
| accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Stocks |
| Stock and Work In Progress are valued at the lower of cost and net realisable value. |
| 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. |
| Deferred taxation |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
| date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in |
| which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been |
| enacted or substantively enacted by the year end and 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. |
| 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. |
| POOLE ROAD VETERINARY LTD (REGISTERED NUMBER: 06586206) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 2. | Accounting policies - continued |
| Financial instruments |
| Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the |
| contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract |
| that evidences a residual interest in the assets of the company, after deducting all liabilities. |
| At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any |
| losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Intangible fixed assets |
| Goodwill |
| £ |
| Cost |
| At 1 April 2018 |
| and 31 March 2019 |
| Amortisation |
| At 1 April 2018 |
| and 31 March 2019 |
| Net book value |
| At 31 March 2019 |
| At 31 March 2018 |
| 5. | Tangible fixed assets |
| Improvements | Fixtures |
| to | Plant and | and |
| property | machinery | fittings | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 April 2018 |
| Additions |
| At 31 March 2019 |
| Depreciation |
| At 1 April 2018 |
| Charge for year |
| At 31 March 2019 |
| Net book value |
| At 31 March 2019 |
| At 31 March 2018 |
| POOLE ROAD VETERINARY LTD (REGISTERED NUMBER: 06586206) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 6. | Debtors: amounts falling due within one year |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' current accounts | - | 6,312 |
| Prepayments |
| 7. | Creditors: amounts falling due within one year |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Pension creditor | 68 | - |
| VAT | 5,506 | 7,056 |
| Directors' current accounts | 207 | - |
| Accruals and deferred income |
| 8. | Provisions for liabilities |
| 2019 | 2018 |
| £ | £ |
| Deferred tax | 3,484 | 3,026 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2018 |
| Charge to Statement of comprehensive income during year |
| Balance at 31 March 2019 |
| 9. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| A | £1 | 2 | 2 |
| 102 | 102 |
| POOLE ROAD VETERINARY LTD (REGISTERED NUMBER: 06586206) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 10. | Directors' advances, credits and guarantees |
| The following advances and credits to a director subsisted during the years ended 31 March 2019 and 31 March 2018: |
| 2019 | 2018 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| The amount outstanding at the start of the year was the maximum amount outstanding at any time during the year. The |
| balance was fully repaid within the year. |
| 11. | Ultimate controlling party |
| The company is controlled by its directors Mr and Mrs Feilden who between them own 100% of the issued share capital. |