Petcare Veterinary Practice Limited - Period Ending 2014-11-30
Petcare Veterinary Practice Limited - Period Ending 2014-11-30
Registration number:
for the Year Ended
Petcare Veterinary Practice Limited
Contents
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Petcare Veterinary Practice Limited
(Registration number: 04879448)
Abbreviated Balance Sheet at 30 November 2014
Note |
2014
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2013
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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1
Petcare Veterinary Practice Limited
(Registration number: 04879448)
Abbreviated Balance Sheet at 30 November 2014
......... continued
Approved by the Board on
S Mangabhai
Director
M Mangabhai
Director
2
Petcare Veterinary Practice Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2014
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Fixtures & fittings |
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Motor vehicles |
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Stock
Deferred tax
Petcare Veterinary Practice Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2014
......... continued
Hire purchase and leasing
Financial instruments
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 December 2013 |
354,996 |
525,018 |
880,014 |
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Additions |
- |
12,833 |
12,833 |
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At 30 November 2014 |
354,996 |
537,851 |
892,847 |
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Depreciation |
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At 1 December 2013 |
125,000 |
82,558 |
207,558 |
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Charge for the year |
35,500 |
20,210 |
55,710 |
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At 30 November 2014 |
160,500 |
102,768 |
263,268 |
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Net book value |
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At 30 November 2014 |
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At 30 November 2013 |
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Petcare Veterinary Practice Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2014
......... continued
Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2014
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2013
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Amounts falling due within one year |
45,718 |
47,023 |
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Amounts falling due after more than one year |
645,310 |
685,566 |
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Total secured creditors |
691,028 |
732,589 |
Included in the creditors are the following amounts due after more than five years:
2014
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2013
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After more than five years by instalments |
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Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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Ordinary shares of £1 each |
100 |
100 |
100 |
100 |
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Related party transactions |
Directors' advances and credits |
2014 |
2014 |
2013 |
2013 |
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M Mangabhai |
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10,100 |
10,100 |
S Mangabhai |
Petcare Veterinary Practice Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2014
......... continued
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10,100 |
10,100 |