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REGISTERED NUMBER: 10200207 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

WEYBRIDGE VETERINARY CENTRE LTD

WEYBRIDGE VETERINARY CENTRE LTD (REGISTERED NUMBER: 10200207)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Report of the Accountants 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


WEYBRIDGE VETERINARY CENTRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J R Ball
A J Manfield
C J Chaplin
The Alliance Of Independent Veterinary Practices Ltd





SECRETARY: A J Manfield





REGISTERED OFFICE: 12 York Road
Weybridge
Surrey
KT13 9DT





REGISTERED NUMBER: 10200207 (England and Wales)





ACCOUNTANTS: Accountancy Online Limited
6 Elsley Road
Tilehurst
Reading
RG31 6RN

WEYBRIDGE VETERINARY CENTRE LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
WEYBRIDGE VETERINARY CENTRE LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages four to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Accountancy Online Limited
6 Elsley Road
Tilehurst
Reading
RG31 6RN


27 December 2024

WEYBRIDGE VETERINARY CENTRE LTD (REGISTERED NUMBER: 10200207)

ABRIDGED BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 370,000 370,000
Tangible assets 5 150,797 137,560
520,797 507,560

CURRENT ASSETS
Stocks 30,900 29,428
Debtors 37,193 31,197
Cash at bank and in hand 122,802 45,466
190,895 106,091
CREDITORS
Amounts falling due within one year (685,603 ) (609,989 )
NET CURRENT LIABILITIES (494,708 ) (503,898 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,089

3,662

CREDITORS
Amounts falling due after more than one
year

(14,662

)

-

PROVISIONS FOR LIABILITIES 6 (11,327 ) (3,562 )
NET ASSETS 100 100

CAPITAL AND RESERVES
Called up share capital 7 100 100
SHAREHOLDERS' FUNDS 100 100

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

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

WEYBRIDGE VETERINARY CENTRE LTD (REGISTERED NUMBER: 10200207)

ABRIDGED BALANCE SHEET - continued
31 MAY 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2024 and were signed on its behalf by:





J R Ball - Director


WEYBRIDGE VETERINARY CENTRE LTD (REGISTERED NUMBER: 10200207)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Weybridge Veterinary Centre Ltd is a private company, limited by shares , registered in England and Wales. 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
As a departure from FRS 102 Section 19 the directors have not amortised goodwill in these financial statements. This treatment is adopted on the basis of the true and fair override concept in the preparation of financial statements. Veterinary businesses tend to increase in value over time and amortisation of goodwill would be in conflict with this underlying commercial reality.

The directors will carry out a regular impairment review to confirm whether the current value of goodwill is at
least equal to its carrying value. If not, the goodwill will be written down to the lower value determined in the
impairment review less residual value.

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.
Long leasehold - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer 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.

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 balance sheet date.


WEYBRIDGE VETERINARY CENTRE LTD (REGISTERED NUMBER: 10200207)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued
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.

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.

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 12 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 370,000
NET BOOK VALUE

At 31 May 2024 370,000
At 31 May 2023 370,000

WEYBRIDGE VETERINARY CENTRE LTD (REGISTERED NUMBER: 10200207)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 291,048
Additions 33,048
At 31 May 2024 324,096
DEPRECIATION
At 1 June 2023 153,488
Charge for year 19,811
At 31 May 2024 173,299
NET BOOK VALUE
At 31 May 2024 150,797
At 31 May 2023 137,560

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 26,658
At 31 May 2024 26,658
DEPRECIATION
Charge for year 1,111
At 31 May 2024 1,111
NET BOOK VALUE
At 31 May 2024 25,547

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 11,327 3,562

Deferred
tax
£   
Balance at 1 June 2023 3,562
Charge to Income Statement during year 7,765
Balance at 31 May 2024 11,327

WEYBRIDGE VETERINARY CENTRE LTD (REGISTERED NUMBER: 10200207)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

Profit for the year 134,972
Dividends (134,972 )
At 31 May 2024 -

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £134,972 were paid to the directors .

The Alliance of Independent Veterinary Practices Ltd
A company in which Mr J R Ball, Mr A J Manfield and Mr C J Chaplin are directors and shareholders.
At the balance sheet date the amount due to The Alliance of Independent Veterinary Practices Ltd was £537,491 (2023: £512,007).


Any transactions between the company and The Alliance of Independent Veterinary Practices Ltd are carried out on a commercial basis.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The Alliance of Independent Veterinary Practices Ltd.