CherrydownVets Ltd. - Limited company - abbreviated

REGISTERED NUMBER: 06229965 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2014

for

CherrydownVets Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J N G Nurse BVSc MRCVS

Mrs R Nurse RVN

SECRETARY:

J N G Nurse BVSc MRCVS

REGISTERED OFFICE:

Heydon Lodge

Flint Cross

Newmarket Road

Royston

Hertfordshire

SG8 7PN

REGISTERED NUMBER:

06229965 (England and Wales)

ACCOUNTANTS:

Ashcroft Anthony Limited

Chartered Accountants

Heydon Lodge

Flint Cross

Newmarket Road

Royston

Hertfordshire

SG8 7PN

FIXED ASSETS

Intangible assets

2

935,438

Tangible assets

3

96,481

130,502

1,031,919

1,065,940

CURRENT ASSETS

Stocks

52,614

50,415

Debtors

115,210

129,926

Cash at bank

1,447,127

1,114,276

1,614,951

1,294,617

CREDITORS

Amounts falling due within one year

354,533

332,056

NET CURRENT ASSETS

1,260,418

962,561

TOTAL ASSETS LESS CURRENT LIABILITIES

2,292,337

2,028,501

PROVISIONS FOR LIABILITIES

14,378

22,109

NET ASSETS

2,277,959

2,006,392

CAPITAL AND RESERVES

Called up share capital

4

1,200

Profit and loss account

2,276,759

2,005,192

SHAREHOLDERS' FUNDS

2,277,959

2,006,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 1 August 2014 and were signed on its behalf by:

J N G Nurse BVSc MRCVS - 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 and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007 is not being

amortised. The directors consider that the factors contributing to the valuation of the goodwill are capable of

continued measurement and therefore believe an annual impairment review to be more appropriate.

This is a departure from the specific requirement of companies legislation to amortise goodwill over a finite

period for the overriding purpose of giving a true and fair view.

Tangible fixed assets

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

Short leasehold

-

straight line over the lease term

Plant and machinery

-

20% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

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.

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 May 2013

and 30 April 2014

935,438

NET BOOK VALUE

At 30 April 2014

935,438

At 30 April 2013

935,438

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

239,288

Additions

5,842

At 30 April 2014

245,130

DEPRECIATION

At 1 May 2013

108,786

Charge for year

39,863

At 30 April 2014

148,649

NET BOOK VALUE

At 30 April 2014

96,481

At 30 April 2013

130,502

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

1,000

Ordinary

£1

1,000

200

'A' Ordinary

£1

200

1,200

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2014 and

30 April 2013:

2014

2013

£

J N G Nurse BVSc MRCVS and Mrs R Nurse RVN

Balance outstanding at start of year

40,265

-

Amounts advanced

130,828

40,265

Amounts repaid

(171,376

)

-

Balance outstanding at end of year

(283

)

40,265

CherrydownVets Ltd. - Limited company - abbreviated - 11.6

CherrydownVets Ltd. - Limited company - abbreviated - 11.6