Castle & Niall Veterinary Services Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04614347

Abbreviated Accounts for the Year Ended 31 March 2014

for

Castle & Niall Veterinary Services Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

C P Castle

SECRETARY:

Mrs H C M Castle

REGISTERED OFFICE:

Beech House

Bell Plantation

Watling Street

Towcester

Northamptonshire

NN12 6GX

REGISTERED NUMBER:

04614347

ACCOUNTANTS:

CED Accountancy Services Limited

1 Lucas Bridge Business Park

1 Old Greens Norton Road

Towcester

Northamptonshire

NN12 8AX

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

60,459

53,697

60,459

53,697

CURRENT ASSETS

Stocks

22,895

19,471

Debtors

20,299

14,344

Cash at bank and in hand

1,155

715

44,349

34,530

CREDITORS

Amounts falling due within one year

76,891

81,567

NET CURRENT LIABILITIES

(32,542

)

(47,037

)

TOTAL ASSETS LESS CURRENT LIABILITIES

27,917

6,660

CREDITORS

Amounts falling due after more than one year

(20,103

)

-

PROVISIONS FOR LIABILITIES

(7,630

)

(5,461

)

NET ASSETS

184

1,199

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

84

1,099

SHAREHOLDERS' FUNDS

184

1,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 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 director on 2 December 2014 and were signed by:

C P Castle - 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 April 2008).

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 2004, is being amortised evenly over its estimated useful life of five years.

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

-

10% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

10,150

AMORTISATION

At 1 April 2013

and 31 March 2014

10,150

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

144,909

Additions

18,080

At 31 March 2014

162,989

DEPRECIATION

At 1 April 2013

91,212

Charge for year

11,318

At 31 March 2014

102,530

NET BOOK VALUE

At 31 March 2014

60,459

At 31 March 2013

53,697

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2014 and

31 March 2013:

31.3.14

31.3.13

£

£

C P Castle

Balance outstanding at start of year

-

-

Amounts advanced

1,037

-

Amounts repaid

-

-

Balance outstanding at end of year

1,037

-

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Castle & Niall Veterinary Services Ltd for the year ended 31 March 2014 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Castle & Niall Veterinary Services Ltd in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Castle &

Niall Veterinary Services Ltd and state those matters that we have agreed to state to the director of Castle & Niall

Veterinary Services Ltd in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest

extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for

our work or for this report.

It is your duty to ensure that Castle & Niall Veterinary Services Ltd has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Castle

& Niall Veterinary Services Ltd. You consider that Castle & Niall Veterinary Services Ltd is exempt from the statutory

audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Castle & Niall Veterinary

Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or

information and explanations you have given to us and we do not, therefore, express any opinion on the statutory

financial statements.

CED Accountancy Services Limited

1 Lucas Bridge Business Park

1 Old Greens Norton Road

Towcester

Northamptonshire

NN12 8AX

2 December 2014