Darley House Veterinary Centre Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05862755 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2016

FOR

DARLEY HOUSE VETERINARY CENTRE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M J W Nolan

S E Nolan

SECRETARY:

S E Nolan

REGISTERED OFFICE:

19-25 Peel Street

Farnworth

Bolton

Lancashire

BL4 8AA

REGISTERED NUMBER:

05862755 (England and Wales)

ACCOUNTANTS:

KAY JOHNSON GEE LLP

1 City Road East

Manchester

M15 4PN

FIXED ASSETS

Intangible assets

2

-

23,345

Tangible assets

3

25,258

19,804

25,258

43,149

CURRENT ASSETS

Stocks

34,632

29,079

Debtors

52,453

32,764

Cash at bank and in hand

95,312

113,142

182,397

174,985

CREDITORS

Amounts falling due within one year

130,725

132,859

NET CURRENT ASSETS

51,672

42,126

TOTAL ASSETS LESS CURRENT LIABILITIES

76,930

85,275

PROVISIONS FOR LIABILITIES

1,726

-

NET ASSETS

75,204

85,275

CAPITAL AND RESERVES

Called up share capital

4

100

2

Profit and loss account

75,104

85,273

SHAREHOLDERS' FUNDS

75,204

85,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 3rd February 2017 and were signed on its behalf by:

M J W Nolan - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

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.

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2015

and 31st August 2016

233,450

AMORTISATION

At 1st September 2015

210,105

Amortisation for year

23,345

At 31st August 2016

233,450

NET BOOK VALUE

At 31st August 2016

-

At 31st August 2015

23,345

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2015

68,128

Additions

10,808

At 31st August 2016

78,936

DEPRECIATION

At 1st September 2015

48,324

Charge for year

5,354

At 31st August 2016

53,678

NET BOOK VALUE

At 31st August 2016

25,258

At 31st August 2015

19,804

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

£

100

Share capital 1

£1

100

2

98 Ordinary shares of £1 each were allotted at par during the year.