Corner House Veterinary Practice Ltd - Period Ending 2016-10-31
Corner House Veterinary Practice Ltd - Period Ending 2016-10-31
Registration number:
for the Year Ended
Corner House Veterinary Practice Ltd
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Corner House Veterinary Practice Ltd
(Registration number: 06452918)
Abbreviated Balance Sheet at 31 October 2015
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2015
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2014
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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 liabilities |
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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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Approved by the Board on
Mrs J E Mason
Director
1
Corner House Veterinary Practice Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis. Of the company's current liabilities at 31 October 2015, £3,792 is owed to the directors, who have agreed to continue to support the company, and not to demand repayment of the amount to the extent that any such repayment would jeopardise the future of the company.
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 |
Long leasehold |
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Plant & machinery |
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Motor vehicles |
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Stock
Deferred tax
Corner House Veterinary Practice Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued
Hire purchase and leasing
Financial instruments
Pensions
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 November 2014 |
40,000 |
225,239 |
265,239 |
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Additions |
- |
8,165 |
8,165 |
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At 31 October 2015 |
40,000 |
233,404 |
273,404 |
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Depreciation |
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At 1 November 2014 |
13,333 |
102,059 |
115,392 |
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Charge for the year |
2,000 |
24,366 |
26,366 |
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At 31 October 2015 |
15,333 |
126,425 |
141,758 |
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Net book value |
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At 31 October 2015 |
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At 31 October 2014 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
Corner House Veterinary Practice Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued
2015
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2014
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Amounts falling due within one year |
13,252 |
15,557 |
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Amounts falling due after more than one year |
11,464 |
24,716 |
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Total secured creditors |
24,716 |
40,273 |
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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