The Riverside Veterinary Practice Ltd - Abbreviated accounts 16.3

The Riverside Veterinary Practice Ltd - Abbreviated accounts 16.3

THE RIVERSIDE VETERINARY PRACTICE LIMITED - Company Information

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REGISTERED NUMBER: 04865749 (England and Wales)












THE RIVERSIDE VETERINARY PRACTICE LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016





Dexter & Sharpe (Boston)
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA








THE RIVERSIDE VETERINARY PRACTICE LTD (REGISTERED NUMBER: 04865749)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

THE RIVERSIDE VETERINARY PRACTICE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2016







DIRECTOR: Mrs J Creese





REGISTERED OFFICE: The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA





REGISTERED NUMBER: 04865749 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Boston)
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA
Page 1
THE RIVERSIDE VETERINARY PRACTICE LTD (REGISTERED NUMBER: 04865749)

ABBREVIATED BALANCE SHEET
31 AUGUST 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 15,750 18,000
Tangible assets 3 40,243 26,142
55,993 44,142

CURRENT ASSETS
Stocks 25,916 16,482
Debtors 19,958 11,303
Cash at bank and in hand 110,033 80,899
155,907 108,684
CREDITORS
Amounts falling due within one year 161,930 103,924
NET CURRENT (LIABILITIES)/ASSETS (6,023 ) 4,760
TOTAL ASSETS LESS CURRENT
LIABILITIES
49,970
48,902

PROVISIONS FOR LIABILITIES 7,886 5,030
NET ASSETS 42,084 43,872

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 41,984 43,772
SHAREHOLDERS' FUNDS 42,084 43,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 notes form part of these abbreviated accounts

Page 2 continued...
THE RIVERSIDE VETERINARY PRACTICE LTD (REGISTERED NUMBER: 04865749)

ABBREVIATED BALANCE SHEET - continued
31 AUGUST 2016


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 director on 5 December 2016 and were signed by:





Mrs J Creese - Director


The notes form part of these abbreviated accounts

Page 3
THE RIVERSIDE VETERINARY PRACTICE LTD (REGISTERED NUMBER: 04865749)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016


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 January 2015).

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 2003, is being amortised evenly over its estimated useful life of twenty years.

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

Surgery Equipment - 10% on reducing balance
Computer Equipment - 50% on cost and 20% on cost
Office Equipment - 10% 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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015
and 31 August 2016 45,000
AMORTISATION
At 1 September 2015 27,000
Amortisation for year 2,250
At 31 August 2016 29,250
NET BOOK VALUE

At 31 August 2016 15,750
At 31 August 2015 18,000

Page 4 continued...
THE RIVERSIDE VETERINARY PRACTICE LTD (REGISTERED NUMBER: 04865749)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGUST 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015 86,008
Additions 18,290
At 31 August 2016 104,298
DEPRECIATION
At 1 September 2015 59,866
Charge for year 4,189
At 31 August 2016 64,055
NET BOOK VALUE
At 31 August 2016 40,243
At 31 August 2015 26,142

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 5