Calweton Veterinary Services Limited Company accounts
Calweton Veterinary Services Limited Company accounts
COMPANY REGISTRATION NUMBER:
04540277
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Abridged Financial Statements |
Year ended 30 September 2017
Contents |
Page |
Strategic report |
1 |
Directors' report |
2 |
Abridged statement of income and retained earnings |
3 |
Abridged statement of financial position |
4 |
Notes to the abridged financial statements |
6 |
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Strategic Report |
Year ended 30 September 2017
This report was approved by the board of directors on 6 June 2018 and signed on behalf of the board by:
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Company Secretary |
Registered office: |
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Directors' Report |
Year ended 30 September 2017
The directors present their report and the unaudited abridged financial statements of the company for the year ended
30 September 2017
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Directors
The directors who served the company during the year were as follows:
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Dividends
The Directors recommended Dividend payments of £99,333 for the year
This report was approved by the board of directors on
6 June 2018
and signed on behalf of the board by:
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Company Secretary |
Registered office: |
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Abridged Statement of Income and Retained Earnings |
Year ended 30 September 2017
2017 |
2016 |
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Note |
£ |
£ |
Gross profit |
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Administrative expenses |
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Operating profit |
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Other interest receivable and similar income |
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Profit before taxation |
5 |
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Tax on profit |
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Profit/(loss) for the financial year and total comprehensive income |
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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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All the activities of the company are from continuing operations.
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Abridged Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
Fixed assets
Intangible assets |
6 |
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Tangible assets |
7 |
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Investments |
8 |
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Current assets
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)/assets |
(
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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 |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors' responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
6 June 2018
, and are signed on behalf of the board by:
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Director |
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Company registration number:
04540277
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Notes to the Abridged Financial Statements |
Year ended 30 September 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 79 Tavistock Road, Callington, Cornwall, PL17 7RD.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Operating leases
Goodwill
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in joint ventures
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Finance leases and hire purchase contracts
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
46
(2016:
39
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5.
Profit before taxation
Profit/(loss) before taxation is stated after charging:
2017 |
2016 |
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£ |
£ |
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Amortisation of intangible assets |
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Depreciation of tangible assets |
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6.
Intangible assets
£ |
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Cost |
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At 1 October 2016 and 30 September 2017 |
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Amortisation |
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At 1 October 2016 |
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Charge for the year |
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At 30 September 2017 |
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Carrying amount |
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At 30 September 2017 |
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At 30 September 2016 |
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7.
Tangible assets
£ |
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Cost |
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At 1 October 2016 |
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Additions |
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At 30 September 2017 |
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Depreciation |
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At 1 October 2016 |
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Charge for the year |
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At 30 September 2017 |
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Carrying amount |
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At 30 September 2017 |
200,493 |
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At 30 September 2016 |
60,432 |
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8.
Investments
£ |
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Cost |
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At 1 October 2016 |
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Additions |
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At 30 September 2017 |
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Impairment |
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At 1 October 2016 and 30 September 2017 |
– |
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Carrying amount |
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At 30 September 2017 |
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At 30 September 2016 |
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