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REGISTERED NUMBER: 04731297 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

WHITE LODGE VETERINARY CLINIC LIMITED

WHITE LODGE VETERINARY CLINIC LIMITED (REGISTERED NUMBER: 04731297)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITE LODGE VETERINARY CLINIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: T P Gliddon
P M Gannon





SECRETARY: T P Gliddon





REGISTERED OFFICE: St. John's House,
Castle Street,
Taunton
Somerset
TA1 4AY





REGISTERED NUMBER: 04731297 (England and Wales)





ACCOUNTANTS: Mitchells Chartered Accountants
St. John's House,
Castle Street,
Taunton
Somerset
TA1 4AY

WHITE LODGE VETERINARY CLINIC LIMITED (REGISTERED NUMBER: 04731297)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,429,135 1,629,570
Tangible assets 5 176,676 198,309
1,605,811 1,827,879

CURRENT ASSETS
Stocks 93,862 88,153
Debtors 6 185,262 175,667
Cash at bank 634,695 417,157
913,819 680,977
CREDITORS
Amounts falling due within one year 7 1,063,403 1,279,910
NET CURRENT LIABILITIES (149,584 ) (598,933 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,456,227

1,228,946

PROVISIONS FOR LIABILITIES 8 32,998 40,052
NET ASSETS 1,423,229 1,188,894

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings 9 1,422,629 1,188,294
SHAREHOLDERS' FUNDS 1,423,229 1,188,894

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

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

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.

WHITE LODGE VETERINARY CLINIC LIMITED (REGISTERED NUMBER: 04731297)

BALANCE SHEET - continued
31 AUGUST 2024



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




T P Gliddon - Director



P M Gannon - Director


WHITE LODGE VETERINARY CLINIC LIMITED (REGISTERED NUMBER: 04731297)

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

1. STATUTORY INFORMATION

White Lodge Veterinary Clinic Limited 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
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five 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.

The customer relationship asset is being amortised at the rate of 10% on the reducing balance in order to write it off over its estimated useful life.

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 etc - 20% on cost and 15% 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 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.

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.

WHITE LODGE VETERINARY CLINIC LIMITED (REGISTERED NUMBER: 04731297)

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

2. ACCOUNTING POLICIES - continued

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 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 258,468 1,883,396 2,141,864
AMORTISATION
At 1 September 2023 116,310 395,984 512,294
Charge for year 51,693 148,742 200,435
At 31 August 2024 168,003 544,726 712,729
NET BOOK VALUE
At 31 August 2024 90,465 1,338,670 1,429,135
At 31 August 2023 142,158 1,487,412 1,629,570

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 329,495
Additions 40,420
Disposals (7,416 )
At 31 August 2024 362,499
DEPRECIATION
At 1 September 2023 131,186
Charge for year 55,750
Eliminated on disposal (1,113 )
At 31 August 2024 185,823
NET BOOK VALUE
At 31 August 2024 176,676
At 31 August 2023 198,309

WHITE LODGE VETERINARY CLINIC LIMITED (REGISTERED NUMBER: 04731297)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 133,711 127,814
Other debtors 51,551 47,853
185,262 175,667

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 526,506 262,692
Taxation and social security 324,168 283,866
Other creditors 212,729 733,352
1,063,403 1,279,910

8. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 32,998 40,052

Deferred
tax
£   
Balance at 1 September 2023 40,052
Credit to Income Statement during year (7,054 )
Balance at 31 August 2024 32,998

9. RESERVES
Retained
earnings
£   

At 1 September 2023 1,188,294
Profit for the year 237,335
Dividends (3,000 )
At 31 August 2024 1,422,629

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

T.P. Gliddon and P.M. Gannon are partners in the business known as T P Gliddon & P M Gannon. The company has been involved in arms length transactions with this business.

11. RELATED PARTY DISCLOSURES

The ultimate controlling parties are the directors, as they hold between them, or have influence over, 100% of the voting capital of the company. They are also in partnership as T P Gliddon & P M Gannon. Mrs C. E. Gliddon, the spouse of T. P. Gliddon, is also a related party. The company has been involved in arms length transactions with the partnership.

WHITE LODGE VETERINARY CLINIC LIMITED (REGISTERED NUMBER: 04731297)

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

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors, as they hold between them, or have influence over, 100% of the voting capital of the company.