CherrydownVets Ltd. - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06229965 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2015

for

CherrydownVets Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J N G Nurse BVSc MRCVS

Mrs R Nurse RVN

SECRETARY:

J N G Nurse BVSc MRCVS

REGISTERED OFFICE:

Heydon Lodge

Flint Cross

Newmarket Road

Royston

Hertfordshire

SG8 7PN

REGISTERED NUMBER:

06229965 (England and Wales)

ACCOUNTANTS:

Ashcroft Anthony Limited

Chartered Accountants

Heydon Lodge

Flint Cross

Newmarket Road

Royston

Hertfordshire

SG8 7PN

FIXED ASSETS

Intangible assets

2

187,088

280,631

Tangible assets

3

83,447

96,481

270,535

377,112

CURRENT ASSETS

Stocks

55,100

52,614

Debtors

152,496

115,210

Cash at bank

1,942,524

1,447,127

2,150,120

1,614,951

CREDITORS

Amounts falling due within one year

414,249

354,532

NET CURRENT ASSETS

1,735,871

1,260,419

TOTAL ASSETS LESS CURRENT LIABILITIES

2,006,406

1,637,531

PROVISIONS FOR LIABILITIES

12,118

14,378

NET ASSETS

1,994,288

1,623,153

CAPITAL AND RESERVES

Called up share capital

4

1,200

1,200

Profit and loss account

1,993,088

1,621,953

SHAREHOLDERS' FUNDS

1,994,288

1,623,153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 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 4 September 2015 and were signed on its behalf by:

J N G Nurse BVSc MRCVS - 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 and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Short leasehold

-

straight line over the lease term

Plant and machinery

-

20% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

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 May 2014

and 30 April 2015

935,438

AMORTISATION

At 1 May 2014

654,807

Amortisation for year

93,543

At 30 April 2015

748,350

NET BOOK VALUE

At 30 April 2015

187,088

At 30 April 2014

280,631

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

245,130

Additions

22,253

Disposals

(25,097

)

At 30 April 2015

242,286

DEPRECIATION

At 1 May 2014

148,649

Charge for year

35,287

Eliminated on disposal

(25,097

)

At 30 April 2015

158,839

NET BOOK VALUE

At 30 April 2015

83,447

At 30 April 2014

96,481

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

as restated

£

£

1,000

Ordinary

£1

1,000

1,000

200

'A' Ordinary

£1

200

200

1,200

1,200

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2015 and

30 April 2014:

2015

2014

as restated

£

£

J N G Nurse BVSc MRCVS and Mrs R Nurse RVN

Balance outstanding at start of year

-

40,265

Amounts advanced

144,716

130,828

Amounts repaid

(131,903

)

(171,093

)

Balance outstanding at end of year

12,813

-