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REGISTERED NUMBER: SC552309 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DUNDAS VETERINARY GROUP LIMITED

DUNDAS VETERINARY GROUP LIMITED (REGISTERED NUMBER: SC552309)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DUNDAS VETERINARY GROUP LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: E Sharp
P Sharp





REGISTERED OFFICE: 99 Dundas Street
Edinburgh
Lothian
EH3 6SD





REGISTERED NUMBER: SC552309 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

DUNDAS VETERINARY GROUP LIMITED (REGISTERED NUMBER: SC552309)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 273,000 364,000
Tangible assets 5 179,123 144,491
452,123 508,491

CURRENT ASSETS
Stocks 103,824 97,366
Debtors 6 391,150 388,666
Cash at bank and in hand 652,518 684,407
1,147,492 1,170,439
CREDITORS
Amounts falling due within one year 7 454,494 409,857
NET CURRENT ASSETS 692,998 760,582
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,145,121

1,269,073

CREDITORS
Amounts falling due after more than one
year

8

(34,704

)

-

PROVISIONS FOR LIABILITIES 9 (29,073 ) (29,329 )
NET ASSETS 1,081,344 1,239,744

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 258,272 258,272
Retained earnings 813,072 971,472
SHAREHOLDERS' FUNDS 1,081,344 1,239,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

DUNDAS VETERINARY GROUP LIMITED (REGISTERED NUMBER: SC552309)

BALANCE SHEET - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





E Sharp - Director


DUNDAS VETERINARY GROUP LIMITED (REGISTERED NUMBER: SC552309)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Dundas Veterinary Group Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 for the provision of veterinary services, excluding value added tax.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 20% per annum reducing balance and 5% on cost
Fixtures and fittings - 20% per annum reducing balance
Motor vehicles - 20% per annum reducing balance
Computer equipment - 33% per annum reducing balance

The carrying values of tangible fixed assets are reviewed for impairment on an annual basis.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Short-term debt instruments, including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

DUNDAS VETERINARY GROUP LIMITED (REGISTERED NUMBER: SC552309)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

HIRE PURCHASE AND LEASING COMMITMENTS
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 31 (2023 - 31 ) .

DUNDAS VETERINARY GROUP LIMITED (REGISTERED NUMBER: SC552309)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 910,000
AMORTISATION
At 1 April 2023 546,000
Charge for year 91,000
At 31 March 2024 637,000
NET BOOK VALUE
At 31 March 2024 273,000
At 31 March 2023 364,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 23,368 17,192 173,939
Additions - - 5,223
Disposals - - -
At 31 March 2024 23,368 17,192 179,162
DEPRECIATION
At 1 April 2023 3,572 4,720 64,957
Charge for year 1,158 2,494 22,841
Eliminated on disposal - - -
At 31 March 2024 4,730 7,214 87,798
NET BOOK VALUE
At 31 March 2024 18,638 9,978 91,364
At 31 March 2023 19,796 12,472 108,982

DUNDAS VETERINARY GROUP LIMITED (REGISTERED NUMBER: SC552309)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 8,658 1,091 224,248
Additions 72,154 1,148 78,525
Disposals (8,658 ) - (8,658 )
At 31 March 2024 72,154 2,239 294,115
DEPRECIATION
At 1 April 2023 6,389 119 79,757
Charge for year 14,430 700 41,623
Eliminated on disposal (6,388 ) - (6,388 )
At 31 March 2024 14,431 819 114,992
NET BOOK VALUE
At 31 March 2024 57,723 1,420 179,123
At 31 March 2023 2,269 972 144,491

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,723 16,940
Amounts owed by group undertakings 361,334 362,059
Other debtors 13,093 9,667
391,150 388,666

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,381 -
Trade creditors 42,807 109,838
Taxation and social security 393,626 288,129
Other creditors 12,680 11,890
454,494 409,857

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 34,704 -

DUNDAS VETERINARY GROUP LIMITED (REGISTERED NUMBER: SC552309)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 29,073 29,329

Deferred
tax
£   
Balance at 1 April 2023 29,329
Credit to Statement of Income and Retained Earnings during year (256 )
Balance at 31 March 2024 29,073

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The ultimate parent company is Gartshore Green Limited, whose registered office is at 99 Dundas Street, Edinburgh, Scotland, EH3 6SD