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Registration number: 08347767

Dorset Equine Veterinary Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

 

Dorset Equine Veterinary Services Limited
Contents

Abbreviated Balance Sheet

1 to 2

Notes to the Abbreviated Accounts

3 to 4

 

Dorset Equine Veterinary Services Limited
(Registration number: 08347767)
Abbreviated Balance Sheet at 30 April 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Intangible fixed assets

 

   

64,721

   

97,082

 

Tangible fixed assets

 

   

61,070

   

47,316

 
   

   

125,791

   

144,398

 

Current assets

 

             

Stocks

 

   

9,628

   

8,923

 

Debtors

 

   

56,964

   

74,739

 

Cash at bank and in hand

 

   

152,370

   

90,398

 
   

   

218,962

   

174,060

 

Creditors: Amounts falling due within one year

 

   

(66,067)

   

(71,102)

 

Net current assets

 

   

152,895

   

102,958

 

Total assets less current liabilities

 

   

278,686

   

247,356

 

Creditors: Amounts falling due after more than one year

 

   

(160,000)

   

(160,000)

 

Provisions for liabilities

 

   

(8,739)

   

(4,076)

 

Net assets

 

   

109,947

   

83,280

 

Capital and reserves

 

             

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

109,847

   

83,180

 

Shareholders' funds

 

   

109,947

   

83,280

 

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

 

Dorset Equine Veterinary Services Limited
(Registration number: 08347767)
Abbreviated Balance Sheet at 30 April 2016
......... continued

For the year ending 30 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 25 November 2016


 
Mr P Aitken
 
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

Dorset Equine Veterinary Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance

Motor vehicles

25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

 

Dorset Equine Veterinary Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Fixed assets

   

Intangible assets
£

   

Tangible assets
£

   

Total
£

 

Cost

                 

At 1 May 2015

 

161,804

   

71,052

   

232,856

 

Additions

 

-

   

36,407

   

36,407

 

Disposals

 

-

   

(12,890)

   

(12,890)

 

At 30 April 2016

 

161,804

   

94,569

   

256,373

 

Depreciation

                 

At 1 May 2015

 

64,722

   

23,736

   

88,458

 

Charge for the year

 

32,361

   

15,201

   

47,562

 

Eliminated on disposals

 

-

   

(5,438)

   

(5,438)

 

At 30 April 2016

 

97,083

   

33,499

   

130,582

 

Net book value

                 

At 30 April 2016

 

64,721

   

61,070

   

125,791

 

At 30 April 2015

 

97,082

   

47,316

   

144,398

 

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

100

   

100

   

100

   

100