CHANELLE VET U.K. LIMITED

CHANELLE VET U.K. LIMITED

CHANELLE VET U.K. LIMITED - Company Information

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CHANELLE VET U.K. LIMITED

Company Registration Number:
06203599 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2020

Period of accounts

Start date: 01 May 2019

End date: 30 April 2020

CHANELLE VET U.K. LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2020

Balance sheet
Notes

CHANELLE VET U.K. LIMITED

Balance sheet

As at 30 April 2020


Notes
2020
2019


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks: 1,799,531 1,177,539
Debtors: 3 2,402,459 1,520,312
Cash at bank and in hand: 460,596 705,243
Investments:   0 0
Total current assets: 4,662,586 3,403,094
Creditors: amounts falling due within one year: 4 (4,779,895) (3,012,945)
Net current assets (liabilities): (117,309) 390,149
Total assets less current liabilities: (117,309) 390,149
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): (117,309) 390,149
Capital and reserves
Called up share capital: 2 2
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (117,311) 390,147
Shareholders funds: (117,309) 390,149

The notes form part of these financial statements

CHANELLE VET U.K. LIMITED

Balance sheet statements

For the year ending 30 April 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 January 2021
and signed on behalf of the board by:

Name: Michael Burke
Status: Director

The notes form part of these financial statements

CHANELLE VET U.K. LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Turnover comprises the fair value of consideration received and receivable exclusive of value added tax and after discounts and rebates.Where the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes a financing transaction, the fair value of the consideration is measured as the present value of all future receipts using the imputed rate of interest.Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is provided on Tangible fixed assets, on a straight-line basis, so as to write off their cost less residual amounts over their estimated useful economic lives.The estimated useful economic lives assigned to Tangible fixed assets are as follows: Fixtures, fittings and equipment 33.33% Straight line The company’s policy is to review the remaining useful economic lives and residual values of Tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining estimated useful economic life and residual value.Fully depreciated property, plant & equipment are retained in the cost of property, plant & equipment and related accumulated depreciation until they are removed from service. In the case of disposals, assets and related depreciation are removed from the financial statements and the net amount, less proceeds from disposal, is charged or credited to the profit and loss account.

CHANELLE VET U.K. LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

2. Employees

2020 2019
Average number of employees during the period 8 8

CHANELLE VET U.K. LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

3. Debtors

Trade and other debtors including amounts owed to group companies are recognised initially at transaction price (including transaction costs) unless a financing arrangement exists in which case they are measured at the present value of future receipts discounted at a market rate. Subsequently these are measured at amortised cost less any provision for impairment. A provision for impairment of trade receivables is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of receivables. The amount of the provision is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the effective interest rate. All movements in the level of provision required are recognised in the profit and loss.

CHANELLE VET U.K. LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

4. Creditors: amounts falling due within one year note

Creditors and accruals are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

CHANELLE VET U.K. LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

5. Financial commitments

The company had no material capital commitments at the financial year-ended 30 April 2020

CHANELLE VET U.K. LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

6. Post balance sheet events

There have been no significant events affecting the company since the financial year-end.