North Surrey Veterinary Emergencies Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07245045 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

NORTH SURREY VETERINARY EMERGENCIES LTD

Page

Company Information

1

Report of the Accountants

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

J R Ball

D R Partridge

Chameleon Henley Ltd

SECRETARY:

D R Partridge

REGISTERED OFFICE:

4 Park Road

East Molesey

Surrey

KT8 9LE

REGISTERED NUMBER:

07245045 (England and Wales)

ACCOUNTANTS:

Accountancy Online Limited

6 Elsley Road

Tilehurst

Reading

RG31 6RN

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2023 set out on pages four to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Accountancy Online Limited

6 Elsley Road

Tilehurst

Reading

RG31 6RN

9 December 2023

FIXED ASSETS

Tangible assets

4

19,206

27,790

CURRENT ASSETS

Stocks

11,864

6,500

Debtors

5

82,593

60,201

Cash at bank and in hand

57,003

218,940

151,460

285,641

CREDITORS

Amounts falling due within one year

(142,858

)

(257,494

)

NET CURRENT ASSETS

8,602

28,147

TOTAL ASSETS LESS CURRENT LIABILITIES

27,808

55,937

CREDITORS

Amounts falling due after more than one year

(21,634

)

(55,342

)

PROVISIONS FOR LIABILITIES

6

(2,390

)

(592

)

NET ASSETS

3,784

3

CAPITAL AND RESERVES

Called up share capital

7

3

3

Retained earnings

8

3,781

-

SHAREHOLDERS' FUNDS

3,784

3

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2023 and were signed on its behalf by:

J R Ball - Director

D R Partridge - Director

Chameleon Henley Ltd - Director

1.	STATUTORY INFORMATION

North Surrey Veterinary Emergencies Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

in accordance with the property

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

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 tax

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2022

and 31 May 2023

127,294

DEPRECIATION

At 1 June 2022

99,504

Charge for year

8,584

At 31 May 2023

108,088

NET BOOK VALUE

At 31 May 2023

19,206

At 31 May 2022

27,790

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Totals

£

COST

At 1 June 2022

and 31 May 2023

12,090

DEPRECIATION

At 1 June 2022

11,239

Charge for year

213

At 31 May 2023

11,452

NET BOOK VALUE

At 31 May 2023

638

At 31 May 2022

851

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Other debtors

48,968

-

6.	PROVISIONS FOR LIABILITIES

2023

2022

£

£

Deferred tax

2,390

592

Deferred

tax

£

Balance at 1 June 2022

592

Charge to Income Statement during year

1,798

Balance at 31 May 2023

2,390

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

3

Ordinary

£1

3

3

8.

RESERVES

Retained

earnings

£

Profit for the year

58,783

Dividends

(55,002

)

At 31 May 2023

3,781

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £18,334 (2022 - £107,860) were paid to the directors .

11.	ULTIMATE CONTROLLING PARTY

The controlling party is D R Partridge.

The ultimate controlling party is The Alliance Of IndependentVeterinary Practices Ltd.