Registration number:
Prostock Vets Limited
for the Year Ended 31 May 2022
Prostock Vets Limited
Contents
Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
Prostock Vets Limited
(Registration number: 8442125)
Abridged Balance Sheet as at 31 May 2022
Note |
2022 |
2021 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Other financial assets |
10,000 |
10,000 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Prostock Vets Limited
(Registration number: 8442125)
Abridged Balance Sheet as at 31 May 2022
For the financial year ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The directors acknowledge their 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
Mr S J Davies
Director
Ms C Tudor
Director
Mrs A Marsman
Director
Mr S Fenemore
Director
Mr R Beynon-Thomas
Director
Miss S Beynon
Director
Prostock Vets Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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 income 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.
Prostock Vets Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2022
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 |
Freehold property |
2% straight line |
Motor vehicles |
25% reducing balance |
Office equipment |
33% straight line |
Plant and machinery |
25% straight line |
Intangible assets
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: 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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Intangible assets |
Total |
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Cost or valuation |
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At 1 June 2021 |
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At 31 May 2022 |
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Amortisation |
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At 1 June 2021 |
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Amortisation charge |
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At 31 May 2022 |
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Carrying amount |
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At 31 May 2022 |
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At 31 May 2021 |
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Prostock Vets Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2022
Tangible assets |
Land and buildings |
Plant and machinery |
Office equipment |
Motor vehicles |
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Cost or valuation |
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At 1 June 2021 |
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Additions |
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Disposals |
- |
- |
- |
( |
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At 31 May 2022 |
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Depreciation |
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At 1 June 2021 |
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Charge for the year |
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Eliminated on disposal |
- |
- |
- |
( |
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At 31 May 2022 |
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Carrying amount |
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At 31 May 2022 |
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At 31 May 2021 |
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Total |
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Cost or valuation |
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At 1 June 2021 |
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Additions |
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Disposals |
( |
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At 31 May 2022 |
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Depreciation |
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At 1 June 2021 |
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Charge for the year |
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Eliminated on disposal |
( |
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At 31 May 2022 |
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Carrying amount |
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At 31 May 2022 |
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At 31 May 2021 |
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Prostock Vets Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2022
Other financial assets (current and non-current) |
Financial assets at cost |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 June 2021 |
10,000 |
10,000 |
At 31 May 2022 |
10,000 |
10,000 |
Carrying amount |
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At 31 May 2022 |
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10,000 |
Prostock Vets Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2022
Related party transactions |
Advances to directors |
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