REGISTERED NUMBER: 04800986 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2017

for

Abbeydale Vetlink Veterinary Training

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms K Gwynne

Ms S F Morgan

REGISTERED OFFICE:

1 St Mary's Street

Ross-on-Wye

Herefordshire

HR9 5HT

BUSINESS ADDRESS:

Wyastone Business Park

Wyastone Leys

Ganarew

Monmouthshire

NP25 3SR

REGISTERED NUMBER:

04800986 (England and Wales)

ACCOUNTANTS:

Thorne & Co.

Accountants and Registered Auditors

1 St Mary's Street

Ross-on-Wye

Herefordshire

HR9 5HT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,769

5,691

4,769

5,691

CURRENT ASSETS

Debtors

6

31,318

13,340

Cash at bank and in hand

211,474

168,327

242,792

181,667

CREDITORS

Amounts falling due within one year

7

59,550

58,179

NET CURRENT ASSETS

183,242

123,488

TOTAL ASSETS LESS CURRENT LIABILITIES

188,011

129,179

PROVISIONS FOR LIABILITIES

8

811

1,138

NET ASSETS

187,200

128,041

CAPITAL AND RESERVES

Called up share capital

60

60

Share premium

1,620

1,620

Capital redemption reserve

65

65

Retained earnings

185,455

126,296

SHAREHOLDERS' FUNDS

187,200

128,041

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 27 April 2018 and were signed on its behalf by:

Ms K Gwynne - Director

Ms S F Morgan - Director

1.	STATUTORY INFORMATION

Abbeydale Vetlink Veterinary Training 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.

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

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.

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, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five 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.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

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.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2016

and 31 July 2017

6,500

AMORTISATION

At 1 August 2016

and 31 July 2017

6,500

NET BOOK VALUE

At 31 July 2017

-

At 31 July 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 August 2016

and 31 July 2017

5,832

10,375

16,207

DEPRECIATION

At 1 August 2016

5,143

5,373

10,516

Charge for year

172

750

922

At 31 July 2017

5,315

6,123

11,438

NET BOOK VALUE

At 31 July 2017

517

4,252

4,769

At 31 July 2016

689

5,002

5,691

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

30,939

12,934

Prepayments and accrued income

379

406

31,318

13,340

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade creditors

3,429

4,301

Corporation tax

24,416

27,582

Social security and other taxes

(5,541

)

(2,134

)

VAT

5,547

2,806

Directors' current accounts

812

838

Accruals and deferred income

30,887

24,786

59,550

58,179

8.	PROVISIONS FOR LIABILITIES

31.7.17

31.7.16

£

£

Deferred tax

Accelerated capital allowances

811

1,138

Deferred

tax

£

Balance at 1 August 2016

1,138

Credit to Income Statement during year

(327

)

Balance at 31 July 2017

811