North Essex Veterinary Limited - Accounts to registrar (filleted) - small 18.2

North Essex Veterinary Limited - Accounts to registrar (filleted) - small 18.2

NORTH ESSEX VETERINARY LIMITED - Company Information

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REGISTERED NUMBER: 07937809 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2018

for

North Essex Veterinary Limited
North Essex Veterinary Limited (Registered number: 07937809)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


North Essex Veterinary Limited (Registered number: 07937809)

Abridged Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 191,167 222,167
Tangible assets 6 98,190 117,267
289,357 339,434

CURRENT ASSETS
Stocks 44,290 39,958
Debtors 32,618 22,834
Cash at bank and in hand 1,010 123
77,918 62,915
CREDITORS
Amounts falling due within one year 239,773 223,569
NET CURRENT LIABILITIES (161,855 ) (160,654 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
127,502
178,780

CREDITORS
Amounts falling due after more than one
year
90,303
131,314
NET ASSETS 37,199 47,466

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 37,099 47,366
SHAREHOLDERS' FUNDS 37,199 47,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements

Page 1 continued...
North Essex Veterinary Limited (Registered number: 07937809)

Abridged Balance Sheet - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 30 August 2018 and were signed by:





Mr J Moloney - Director


The notes form part of these financial statements

Page 2
North Essex Veterinary Limited (Registered number: 07937809)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

North Essex Veterinary Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address are as below:

Registered number: 07937809

Registered office: Kings Lodge
London Road
West Kingsdown
Sevenoaks
Kent
TN15 6AR

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Sales comprise the fair value of the consideration received or receivable for the rendering of services in the
ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that
future economic benefits will flow to the entity and when specific criteria have been met for each of the
company's activities as follows:

Revenue from the sale of services is recognised at the point at which those services have been provided to the
customer. Where payments are received from customers in advance of services provided, the amounts are
recorded as deferred income and included as part of creditors due within one year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in the year is being amortised
over its estimated useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 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.


Page 3 continued...
North Essex Veterinary Limited (Registered number: 07937809)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2017 - 25 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017
and 31 March 2018 310,000
AMORTISATION
At 1 April 2017 87,833
Amortisation for year 31,000
At 31 March 2018 118,833
NET BOOK VALUE

At 31 March 2018 191,167
At 31 March 2017 222,167

Page 4 continued...
North Essex Veterinary Limited (Registered number: 07937809)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017 185,055
Additions 4,572
At 31 March 2018 189,627
DEPRECIATION
At 1 April 2017 67,788
Charge for year 23,649
At 31 March 2018 91,437
NET BOOK VALUE
At 31 March 2018 98,190
At 31 March 2017 117,267

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2017
and 31 March 2018 69,022
DEPRECIATION
At 1 April 2017 27,875
Charge for year 10,287
At 31 March 2018 38,162
NET BOOK VALUE
At 31 March 2018 30,860
At 31 March 2017 41,147

Page 5