Registration number:
Abbey Veterinary Centres Limited
for the Year Ended 28 February 2018
Abbey Veterinary Centres Limited
Contents
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Abridged Balance Sheet |
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Notes to the Abridged Financial Statements |
Abbey Veterinary Centres Limited
(Registration number: 06481044)
Abridged Balance Sheet as at 28 February 2018
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2018 |
2017 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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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 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 for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Capital redemption reserve |
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Profit and loss account |
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Total equity |
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Page 1 |
Abbey Veterinary Centres Limited
(Registration number: 06481044)
Abridged Balance Sheet as at 28 February 2018
For the financial year ending 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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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 accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
Mrs E Hynes
Director
Mr G M Champken
Director
Mr B Hynes
Director
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Page 2 |
Abbey Veterinary Centres Limited
Notes to the Abridged Financial Statements for the Year Ended 28 February 2018
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General information |
The company is a incorporated in England and Wales.
The address of its registered office is:
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Accounting policies |
Statement of compliance
These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
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Page 3 |
Abbey Veterinary Centres Limited
Notes to the Abridged Financial Statements for the Year Ended 28 February 2018
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Freehold Property |
2% Straight Line |
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Fixtures and Equipment |
15% Reducing Balance |
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Motor Vehicles |
25% Reducing Balance |
Goodwill
Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
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Asset class |
Amortisation method and rate |
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Goodwill |
Straight Line between 5 and 20 years |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Page 4 |
Abbey Veterinary Centres Limited
Notes to the Abridged Financial Statements for the Year Ended 28 February 2018
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Intangible assets |
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Total |
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Cost or valuation |
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At 1 March 2017 |
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At 28 February 2018 |
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Amortisation |
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At 1 March 2017 |
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Amortisation charge |
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At 28 February 2018 |
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Carrying amount |
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At 28 February 2018 |
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At 28 February 2017 |
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Tangible assets |
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Total |
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Cost or valuation |
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At 1 March 2017 |
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Additions |
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At 28 February 2018 |
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Depreciation |
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At 1 March 2017 |
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Charge for the year |
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At 28 February 2018 |
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Carrying amount |
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At 28 February 2018 |
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At 28 February 2017 |
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Creditors: amounts falling due within one year |
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £76,700 (2017 - £72,700).
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Creditors: amounts falling due after more than one year |
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £821,425 (2017 - £902,230).
Creditors include bank loans repayable by instalments of £514,625 (2017 - £611,430) due after more than five years.
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Page 5 |
Abbey Veterinary Centres Limited
Notes to the Abridged Financial Statements for the Year Ended 28 February 2018
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Financial commitments, guarantees and contingencies |
The total amount of guarantees not included in the balance sheet is £72,000 (2017 - £96,000). The commitments are in respect of the lease on the property of £24,000 per annum until 2021.
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Page 6 |