The Burghley Veterinary Centres Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05778796 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 JULY 2013 TO 31 DECEMBER 2014

FOR

THE BURGHLEY VETERINARY CENTRES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

W A F Foster

Mrs C P Foster

Mrs M E Moggridge

SECRETARY:

M I Moggridge

REGISTERED OFFICE:

St Leonards Street

Stamford

Lincolnshire

PE9 2HU

REGISTERED NUMBER:

05778796 (England and Wales)

ACCOUNTANTS:

Cube Partners Limited

Chartered Accountants

5 Giffard Court

Millbrook Close

Northampton

Northamptonshire

NN5 5JF

FIXED ASSETS

Intangible assets

2

431,250

487,500

Tangible assets

3

66,286

69,074

497,536

556,574

CURRENT ASSETS

Stocks

25,417

29,635

Debtors

119,809

152,836

Cash at bank and in hand

3,643

1,803

148,869

184,274

CREDITORS

Amounts falling due within one year

151,659

175,368

NET CURRENT (LIABILITIES)/ASSETS

(2,790

)

8,906

TOTAL ASSETS LESS CURRENT LIABILITIES

494,746

565,480

CREDITORS

Amounts falling due after more than one year

4

494,697

566,930

NET ASSETS/(LIABILITIES)

49

(1,450

)

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

47

(1,452

)

SHAREHOLDERS' FUNDS

49

(1,450

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 6 March 2015 and were signed on its behalf by:

Mrs M E Moggridge - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 31 December 2014

750,000

AMORTISATION

At 1 July 2013

262,500

Amortisation for period

56,250

At 31 December 2014

318,750

NET BOOK VALUE

At 31 December 2014

431,250

At 30 June 2013

487,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

96,386

Additions

16,658

At 31 December 2014

113,044

DEPRECIATION

At 1 July 2013

27,312

Charge for period

19,446

At 31 December 2014

46,758

NET BOOK VALUE

At 31 December 2014

66,286

At 30 June 2013

69,074

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2014

2013

as restated

£

£

Repayable by instalments

275,133

341,114

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

as restated

£

£

2

Ordinary

£1

2

2

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed director Mrs C Foster £NIL (2013: £10,000). The company was

owed £52,406 (2013: 69,916) by director Mrs M Moggridge. These loans are on an interest free basis and are

have no fixed terms of repayment.