Buttercross Veterinary Centre Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04901422 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 NOVEMBER 2015 TO 27 SEPTEMBER 2016

FOR

BUTTERCROSS VETERINARY CENTRE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S C Innes

N J Perrin

SECRETARY:

R A Cleal

REGISTERED OFFICE:

CVS House

Owen Road

Diss

Norfolk

IP22 4ER

REGISTERED NUMBER:

04901422 (England and Wales)

ACCOUNTANTS:

Collins Chapple & Co Limited

34a Musters Road

West Bridgford

Nottingham

NG2 7PL

FIXED ASSETS

Intangible assets

2

180,233

167,000

Tangible assets

3

64,322

13,173

244,555

180,173

CURRENT ASSETS

Stocks

51,009

39,730

Debtors

25,578

23,171

Cash at bank and in hand

64,102

29,080

140,689

91,981

CREDITORS

Amounts falling due within one year

155,925

81,931

NET CURRENT (LIABILITIES)/ASSETS

(15,236

)

10,050

TOTAL ASSETS LESS CURRENT
LIABILITIES

229,319

190,223

PROVISIONS FOR LIABILITIES

4,689

-

NET ASSETS

224,630

190,223

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

224,628

190,221

SHAREHOLDERS' FUNDS

224,630

190,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 September 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 September 2016 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 22 June 2017 and were signed on its behalf by:

N J Perrin - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

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 November 2015

167,000

Additions

13,233

At 27 September 2016

180,233

NET BOOK VALUE

At 27 September 2016

180,233

At 31 October 2015

167,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

68,242

Additions

66,960

At 27 September 2016

135,202

DEPRECIATION

At 1 November 2015

55,069

Charge for period

15,811

At 27 September 2016

70,880

NET BOOK VALUE

At 27 September 2016

64,322

At 31 October 2015

13,173

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

27.9.16

31.10.15

value:

£

2

Ordinary

£1

2