The Stables Equine Practice Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07985121 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

The Stables Equine Practice Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

T J Randle

N Robertson

SECRETARY:

REGISTERED OFFICE:

Brick House

Prestleigh

Shepton Mallet

Somerset

BS4 6QN

REGISTERED NUMBER:

07985121 (England and Wales)

ACCOUNTANTS:

Alanbrookes Ltd

4A High Street

Wrington

Bristol

BS40 5QA

FIXED ASSETS

Intangible assets

2

384,180

512,240

Tangible assets

3

67,867

44,780

452,047

557,020

CURRENT ASSETS

Stocks

19,276

19,276

Debtors

70,537

91,843

Cash at bank and in hand

63,784

34,427

153,597

145,546

CREDITORS

Amounts falling due within one year

88,533

99,948

NET CURRENT ASSETS

65,064

45,598

TOTAL ASSETS LESS CURRENT LIABILITIES

517,111

602,618

CREDITORS

Amounts falling due after more than one year

410,065

534,845

NET ASSETS

107,046

67,773

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

106,046

66,773

SHAREHOLDERS' FUNDS

107,046

67,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 13 November 2014 and were signed on its behalf by:

N Robertson - 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, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five 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 etc

-

33% on cost and 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

640,300

AMORTISATION

At 1 April 2013

128,060

Amortisation for year

128,060

At 31 March 2014

256,120

NET BOOK VALUE

At 31 March 2014

384,180

At 31 March 2013

512,240

The goodwill arose from the purchase of the partnership of Mr N Robertson and Mr T Randle, who had traded together as

Stables Equine, a partnership established in 2006.

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

69,662

Additions

51,950

Disposals

(3,487

)

At 31 March 2014

118,125

DEPRECIATION

At 1 April 2013

24,882

Charge for year

26,538

Eliminated on disposal

(1,162

)

At 31 March 2014

50,258

NET BOOK VALUE

At 31 March 2014

67,867

At 31 March 2013

44,780

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

1,000

Ordinary

£1

1,000

1,000

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of The Stables Equine Practice Ltd for the year ended 31 March 2014 which comprise the Profit and Loss Account, the

Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given

us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical

and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of The Stables Equine Practice Ltd, as a body, in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Stables Equine

Practice Ltd and state those matters that we have agreed to state to the Board of Directors of The Stables Equine Practice Ltd, as a

body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we

do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for

this report.

It is your duty to ensure that The Stables Equine Practice Ltd has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Stables Equine

Practice Ltd. You consider that The Stables Equine Practice Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Stables Equine Practice Ltd. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have

given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alanbrookes Ltd

4A High Street

Wrington

Bristol

BS40 5QA

Date: .............................................