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REGISTERED NUMBER: SC375472 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2021

for

Robertson & Orr Veterinary Practice Ltd

Robertson & Orr Veterinary Practice Ltd (Registered number: SC375472)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Robertson & Orr Veterinary Practice Ltd

Company Information
for the Year Ended 30 November 2021







DIRECTOR: Miss C F Hastie





SECRETARY: Mrs V M Hastie





REGISTERED OFFICE: 67 High Street
Maybole
Ayrshire
KA19 7AB





REGISTERED NUMBER: SC375472 (Scotland)





ACCOUNTANTS: Douglas Home & Co Ltd
Chartered Accountants
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Robertson & Orr Veterinary Practice Ltd (Registered number: SC375472)

Statement of Financial Position
30 November 2021

30/11/21 30/11/20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 67,200 75,600
Tangible assets 5 217,828 229,513
285,028 305,113

CURRENT ASSETS
Stocks 6 43,746 43,746
Debtors 7 151,077 138,597
Cash at bank and in hand 80,005 91,731
274,828 274,074
CREDITORS
Amounts falling due within one year 8 245,460 259,611
NET CURRENT ASSETS 29,368 14,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

314,396

319,576

CREDITORS
Amounts falling due after more than one
year

9

(91,924

)

(105,722

)

PROVISIONS FOR LIABILITIES (18,000 ) (20,500 )
NET ASSETS 204,472 193,354

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 204,471 193,353
SHAREHOLDERS' FUNDS 204,472 193,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Robertson & Orr Veterinary Practice Ltd (Registered number: SC375472)

Statement of Financial Position - continued
30 November 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 August 2022 and were signed by:





Miss C F Hastie - Director


Robertson & Orr Veterinary Practice Ltd (Registered number: SC375472)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Robertson & Orr Veterinary Practice Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Robertson & Orr Veterinary Practice Ltd (Registered number: SC375472)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2020 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2020
and 30 November 2021 168,000
AMORTISATION
At 1 December 2020 92,400
Amortisation for year 8,400
At 30 November 2021 100,800
NET BOOK VALUE
At 30 November 2021 67,200
At 30 November 2020 75,600

Robertson & Orr Veterinary Practice Ltd (Registered number: SC375472)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 December 2020 70,663 52,175 93,947
Additions - - 11,259
At 30 November 2021 70,663 52,175 105,206
DEPRECIATION
At 1 December 2020 - - 41,000
Charge for year - - 9,631
At 30 November 2021 - - 50,631
NET BOOK VALUE
At 30 November 2021 70,663 52,175 54,575
At 30 November 2020 70,663 52,175 52,947

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2020 23,255 78,020 14,850 332,910
Additions - - - 11,259
At 30 November 2021 23,255 78,020 14,850 344,169
DEPRECIATION
At 1 December 2020 18,571 33,356 10,470 103,397
Charge for year 702 11,166 1,445 22,944
At 30 November 2021 19,273 44,522 11,915 126,341
NET BOOK VALUE
At 30 November 2021 3,982 33,498 2,935 217,828
At 30 November 2020 4,684 44,664 4,380 229,513

Robertson & Orr Veterinary Practice Ltd (Registered number: SC375472)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2020
and 30 November 2021 36,257
DEPRECIATION
At 1 December 2020
and 30 November 2021 22,214
NET BOOK VALUE
At 30 November 2021 14,043
At 30 November 2020 14,043

6. STOCKS
30/11/21 30/11/20
£    £   
Stocks 43,746 43,746

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/21 30/11/20
£    £   
Trade debtors 146,110 132,090
Other debtors 4,568 6,507
Prepayments 399 -
151,077 138,597

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/21 30/11/20
£    £   
Bank loans and overdrafts 5,273 4,621
Hire purchase contracts 7,873 12,057
Trade creditors 157,913 143,984
Tax 27,394 25,326
Social security and other taxes 4,870 4,465
VAT 28,713 20,170
Directors' loan accounts 9,979 45,698
Accrued expenses 3,445 3,290
245,460 259,611

Robertson & Orr Veterinary Practice Ltd (Registered number: SC375472)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/21 30/11/20
£    £   
Bank loans - 2-5 years 79,576 85,501
Hire purchase contracts 12,348 20,221
91,924 105,722