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Registration number: 08347767

Dorset Equine Veterinary Services Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2019

 

Dorset Equine Veterinary Services Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Abridged Financial Statements

3 to 5

 

Dorset Equine Veterinary Services Limited

(Registration number: 08347767)
Abridged Balance Sheet as at 30 April 2019

Note

2019
£

2018
£

Fixed assets

 

Tangible assets

4

100,810

68,997

Current assets

 

Stocks

14,254

11,781

Debtors

75,461

54,501

Cash at bank and in hand

 

301,191

269,809

 

390,906

336,091

Creditors: Amounts falling due within one year

(254,552)

(254,044)

Net current assets

 

136,354

82,047

Total assets less current liabilities

 

237,164

151,044

Provisions for liabilities

(17,525)

(10,826)

Net assets

 

219,639

140,218

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

219,539

140,118

Total equity

 

219,639

140,218

 

Dorset Equine Veterinary Services Limited

(Registration number: 08347767)
Abridged Balance Sheet as at 30 April 2019

For the financial year ending 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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 Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 6 October 2019
 

Mr P Aitken

Director

 

Dorset Equine Veterinary Services Limited

Notes to the Abridged Financial Statements for the Year Ended 30 April 2019

1

General information

The company is a private company limited by share capital incorporated in England & Wales.

The address of its registered office is:
2 Stinsford House
Stinsford
Dorchester
Dorset
DT2 8PT

2

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.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Dorset Equine Veterinary Services Limited

Notes to the Abridged Financial Statements for the Year Ended 30 April 2019

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:

Asset class

Depreciation method and rate

Motor vehicles

25% Reducing balance

Fixtures and fittings

15% 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:

Asset class

Amortisation method and rate

Goodwill

20% Straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

 

Dorset Equine Veterinary Services Limited

Notes to the Abridged Financial Statements for the Year Ended 30 April 2019

3

Intangible assets

Total
£

Cost or valuation

At 1 May 2018

161,804

At 30 April 2019

161,804

Amortisation

At 1 May 2018

161,804

At 30 April 2019

161,804

Carrying amount

At 30 April 2019

-

4

Tangible assets

Total
£

Cost or valuation

At 1 May 2018

136,855

Additions

59,969

Disposals

(20,475)

At 30 April 2019

176,349

Depreciation

At 1 May 2018

67,858

Charge for the year

23,162

Eliminated on disposal

(15,481)

At 30 April 2019

75,539

Carrying amount

At 30 April 2019

100,810

At 30 April 2018

68,997

5

Financial commitments, guarantees and contingencies

The total amount of financial commitments not included in the balance sheet is £ 106,301 (2018 - £110,098).