Alfreton Park Veterinary Hospital Limit - Accounts to registrar (filleted) - small 18.2
Alfreton Park Veterinary Hospital Limit - Accounts to registrar (filleted) - small 18.2
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
FOR |
ALFRETON PARK VETERINARY HOSPITAL |
LIMITED |
ALFRETON PARK VETERINARY HOSPITAL |
LIMITED (REGISTERED NUMBER: 07556087) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 March 2018 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 5 |
Chartered Certified Accountants' Report | 9 |
ALFRETON PARK VETERINARY HOSPITAL |
LIMITED |
COMPANY INFORMATION |
for the year ended 31 March 2018 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
70-72 Nottingham Road |
Mansfield |
Nottinghamshire |
NG18 1BN |
ALFRETON PARK VETERINARY HOSPITAL |
LIMITED (REGISTERED NUMBER: 07556087) |
REPORT OF THE DIRECTORS |
for the year ended 31 March 2018 |
The directors present their report with the financial statements of the company for the year ended 31 March 2018. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of a veterinary practice. |
TRADING |
The company hived up trade to Medivet Group Limited on 1st May 2018. |
EVENTS SINCE THE END OF THE YEAR |
Information relating to events since the end of the year is given in the notes to the financial statements. |
DIRECTORS |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
ON BEHALF OF THE BOARD: |
ALFRETON PARK VETERINARY HOSPITAL |
LIMITED (REGISTERED NUMBER: 07556087) |
BALANCE SHEET |
31 March 2018 |
31.3.18 | 31.3.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Tangible assets | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
ALFRETON PARK VETERINARY HOSPITAL |
LIMITED (REGISTERED NUMBER: 07556087) |
BALANCE SHEET - continued |
31 March 2018 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on |
ALFRETON PARK VETERINARY HOSPITAL |
LIMITED (REGISTERED NUMBER: 07556087) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 March 2018 |
1. | STATUTORY INFORMATION |
Alfreton Park Veterinary Hospital Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value |
added tax and other sales taxes. |
Goodwill |
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 |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
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. |
ALFRETON PARK VETERINARY HOSPITAL |
LIMITED (REGISTERED NUMBER: 07556087) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2018 |
3. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in |
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been |
enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be |
recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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 |
5. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 April 2017 |
and 31 March 2018 |
AMORTISATION |
At 1 April 2017 |
Amortisation for year |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
ALFRETON PARK VETERINARY HOSPITAL |
LIMITED (REGISTERED NUMBER: 07556087) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2018 |
6. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 April 2017 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
At 31 March 2018 |
DEPRECIATION |
At 1 April 2017 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
£ |
COST |
At 1 April 2017 |
Transfer to ownership | (17,500 | ) |
At 31 March 2018 |
DEPRECIATION |
At 1 April 2017 |
Transfer to ownership | (13,347 | ) |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Trade debtors |
Directors' current accounts | - | 20,659 |
Prepayments |
ALFRETON PARK VETERINARY HOSPITAL |
LIMITED (REGISTERED NUMBER: 07556087) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2018 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Hire purchase contracts |
Trade creditors |
Tax |
Social security and other taxes |
VAT |
Other creditors |
Directors' current accounts | 27,497 | - |
Accrued expenses |
9. | PROVISIONS FOR LIABILITIES |
31.3.18 | 31.3.17 |
£ | £ |
Deferred tax | 12,807 | 11,990 |
Deferred |
tax |
£ |
Balance at 1 April 2017 |
Charge to Income Statement during year |
Balance at 31 March 2018 |
10. | POST BALANCE SHEET EVENTS |
On 1st May 2018 the company was sold to Medivet Group Limited and the trade was hived up on that date. |
11. | ULTIMATE CONTROLLING PARTY |
The immediate controlling party is Medivet Group Ltd and the ultimate controlling party is Medivet Partnership LLP. |
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
ALFRETON PARK VETERINARY HOSPITAL |
LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. |
Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not |
required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of Alfreton Park Veterinary Hospital Limited for the year ended 31 March 2018 which comprise the Income Statement, |
Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the Board of Directors of Alfreton Park Veterinary Hospital Limited, 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 Alfreton Park Veterinary Hospital Limited and state those matters that we have agreed to state to the Board of Directors of Alfreton Park Veterinary Hospital Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. 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 Alfreton Park Veterinary Hospital Limited 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 Alfreton Park Veterinary Hospital Limited. You consider that Alfreton Park Veterinary Hospital Limited 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 Alfreton Park Veterinary Hospital Limited. 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. |
Chartered Certified Accountants |
70-72 Nottingham Road |
Mansfield |
Nottinghamshire |
NG18 1BN |