REGISTERED NUMBER: 06333170 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

ABBEYWOOD VETERINARY CLINIC LIMITED

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

Dr John Gunn

REGISTERED OFFICE:

104 Ashton Road

Denton

Manchester

Lancashire

M34 3JE

REGISTERED NUMBER:

06333170 (England and Wales)

ACCOUNTANTS:

Baker Tilly Mooney Moore

17 Clarendon Road

Clarendon Dock

Belfast

Co. Antrim

BT1 3BG

FIXED ASSETS

Intangible assets

4

101,587

111,745

Tangible assets

5

4,779

6,372

106,366

118,117

CURRENT ASSETS

Stocks

6

3,500

3,500

Debtors

7

13,626

10,018

Cash at bank and in hand

42,904

50,405

60,030

63,923

CREDITORS

Amounts falling due within one year

8

62,326

70,273

NET CURRENT LIABILITIES

(2,296

)

(6,350

)

TOTAL ASSETS LESS CURRENT LIABILITIES

104,070

111,767

CREDITORS

Amounts falling due after more than one year

9

18,883

23,930

NET ASSETS

85,187

87,837

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

85,185

87,835

SHAREHOLDERS' FUNDS

85,187

87,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were authorised for issue by the director on 23 February 2018 and were signed by:

Dr John Gunn - Director

1.	STATUTORY INFORMATION

Abbeywood Veterinary Clinic Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Significant judgements and estimates

In preparing these financial statements the directors have made the following judgements:

Determine whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into

consideration include the economic viability and expected future financial performance of the assets and the

business in general.

Consider the age and condition of stock and the need for any impairment provisions. These considerations are

undertaken by directors at regular intervals, especially at the year end date. Factors taken into consideration

include the period of ownership of the stock, market demand and historical experience. Stock identified as

impaired will be provided against in the relevant period.

Consider the recoverability of trade debtors and work in progress and the need for impairment provisions. These

considerations are undertaken regularly by the directors and especially at the year end date. Factors taken into

account include historical experience, current market conditions and knowledge of the sector. Amounts identified

as irrecoverable will be provided against in the relevant period.

The directors also consider the depreciation rate on an annual basis to ensure this estimate remains reasonable.

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

Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value

of its separate net assets. Goodwill is being amortised through the profit and loss account over the directors'

estimate of its economic life.

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.

Fixtures and fittings

-

25% on reducing balance

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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2016

and 30 September 2017

203,175

AMORTISATION

At 1 October 2016

91,430

Charge for year

10,158

At 30 September 2017

101,588

NET BOOK VALUE

At 30 September 2017

101,587

At 30 September 2016

111,745

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 October 2016

and 30 September 2017

73,031

4,468

77,499

DEPRECIATION

At 1 October 2016

66,994

4,133

71,127

Charge for year

1,509

84

1,593

At 30 September 2017

68,503

4,217

72,720

NET BOOK VALUE

At 30 September 2017

4,528

251

4,779

At 30 September 2016

6,037

335

6,372

6.

STOCKS

30.9.17

30.9.16

£

£

Stocks

3,500

3,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

13,038

9,206

Prepayments

588

812

13,626

10,018

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Bank loans and overdrafts

5,079

5,047

Trade creditors

2,488

5,517

Tax

1,892

3,773

Social security and other taxes

(431

)

(186

)

VAT

2,375

2,080

Directors' current accounts

45,064

48,207

Accrued expenses

5,859

5,835

62,326

70,273

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Bank loans - 1-2 years

5,047

5,047

Bank loans - 2-5 years

13,836

18,883

18,883

23,930