TVG (Angus) Limited SC452105 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is veterinary services. Digita Accounts Production Advanced 6.30.9574.0 true SC452105 2023-08-01 2024-07-31 SC452105 2024-07-31 SC452105 core:OtherReservesSubtotal 2024-07-31 SC452105 core:RetainedEarningsAccumulatedLosses 2024-07-31 SC452105 core:ShareCapital 2024-07-31 SC452105 core:SharePremium 2024-07-31 SC452105 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-07-31 SC452105 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 SC452105 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 SC452105 bus:SmallEntities 2023-08-01 2024-07-31 SC452105 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 SC452105 bus:FullAccounts 2023-08-01 2024-07-31 SC452105 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC452105 bus:RegisteredOffice 2023-08-01 2024-07-31 SC452105 bus:Director1 2023-08-01 2024-07-31 SC452105 bus:Director1 1 2023-08-01 2024-07-31 SC452105 bus:Director2 2023-08-01 2024-07-31 SC452105 bus:Director2 2 2023-08-01 2024-07-31 SC452105 bus:Director3 2023-08-01 2024-07-31 SC452105 bus:Director3 3 2023-08-01 2024-07-31 SC452105 bus:Director4 2023-08-01 2024-07-31 SC452105 bus:Director4 4 2023-08-01 2024-07-31 SC452105 bus:Director5 2023-08-01 2024-07-31 SC452105 bus:Director5 5 2023-08-01 2024-07-31 SC452105 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC452105 core:Goodwill 2023-08-01 2024-07-31 SC452105 core:FurnitureFittings 2023-08-01 2024-07-31 SC452105 core:LeaseholdImprovements 2023-08-01 2024-07-31 SC452105 core:MotorVehicles 2023-08-01 2024-07-31 SC452105 countries:Scotland 2023-08-01 2024-07-31 SC452105 2023-07-31 SC452105 2022-08-01 2023-07-31 SC452105 2023-07-31 SC452105 core:OtherReservesSubtotal 2023-07-31 SC452105 core:RetainedEarningsAccumulatedLosses 2023-07-31 SC452105 core:ShareCapital 2023-07-31 SC452105 core:SharePremium 2023-07-31 SC452105 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 SC452105 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 iso4217:GBP xbrli:pure

Registration number: SC452105

TVG (Angus) Limited

trading as Thrums Veterinary Group

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 July 2024

 

TVG (Angus) Limited

trading as Thrums Veterinary Group

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

TVG (Angus) Limited

trading as Thrums Veterinary Group

(Registration number: SC452105)
Abridged Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

6,400

-

Tangible assets

5

606,293

638,848

Other financial assets

6

10,000

10,000

 

622,693

648,848

Current assets

 

Stocks

7

194,171

200,464

Debtors

456,834

436,559

Cash at bank and in hand

 

722,606

424,444

 

1,373,611

1,061,467

Creditors: Amounts falling due within one year

8

(921,062)

(736,493)

Net current assets

 

452,549

324,974

Total assets less current liabilities

 

1,075,242

973,822

Creditors: Amounts falling due after more than one year

9

(43,078)

(90,856)

Provisions for liabilities

(114,264)

(112,685)

Net assets

 

917,900

770,281

Capital and reserves

 

Called up share capital

10

10

Share premium reserve

99,998

99,998

Other reserves

2

2

Profit and loss account

817,890

670,271

Total equity

 

917,900

770,281

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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.

 

TVG (Angus) Limited

trading as Thrums Veterinary Group

(Registration number: SC452105)
Abridged Balance Sheet as at 31 July 2024

Approved and authorised by the Board on 7 March 2025 and signed on its behalf by:
 

.........................................

Mr G B Richardson

Director

.........................................

Mr G L Durston

Director

.........................................

Mr C S Aitken

Director

.........................................

Mr A C Hussey

Director

.........................................

Mr E J H Hill

Director

 

TVG (Angus) Limited

trading as Thrums Veterinary Group

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
20 Forfar Road
Kirriemuir
Angus
DD8 5BY

These financial statements were authorised for issue by the Board on 7 March 2025.

2

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.

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.

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

Short Leasehold Land and Buildings

10% straight line

Fixture and Fittings

15% reducing balance

Motor Vehicles

25% reducing balance

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:

 

TVG (Angus) Limited

trading as Thrums Veterinary Group

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 72 (2023 - 69).

4

Intangible assets

Total
£

Cost or valuation

At 1 August 2023

1,631,000

Additions acquired separately

8,000

At 31 July 2024

1,639,000

Amortisation

At 1 August 2023

1,631,000

Amortisation charge

1,600

At 31 July 2024

1,632,600

Carrying amount

At 31 July 2024

6,400

5

Tangible assets

Total
£

Cost or valuation

At 1 August 2023

1,217,846

Additions

99,309

Disposals

(57,265)

At 31 July 2024

1,259,890

Depreciation

At 1 August 2023

578,998

Charge for the year

119,796

Eliminated on disposal

(45,197)

At 31 July 2024

653,597

Carrying amount

At 31 July 2024

606,293

At 31 July 2023

638,848

 

TVG (Angus) Limited

trading as Thrums Veterinary Group

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

6

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 August 2023

10,000

10,000

At 31 July 2024

10,000

10,000

Carrying amount

At 31 July 2024

10,000

10,000

7

Stocks

2024
£

2023
£

Stock

194,171

200,464

8

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £47,846 (2023 - £52,769).

9

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £43,078 (2023 - £90,856).

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £122,637 (2023 - £206,336).

11

Related party transactions

Advances to directors


Mr G B Richardson

During the period Mr G B Richardson went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £101,560 (2023 - £Nil). At the year end the amount outstanding from Mr G B Richardson was £Nil (2023 - £-). Interest has been charged at the HMRC's official rate.

 

TVG (Angus) Limited

trading as Thrums Veterinary Group

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024


Mr G L Durston

During the period Mr G L Durston went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £36,991 (2023 - £Nil). At the year end the amount outstanding from Mr G L Durston was £Nil (2023 - £-). Interest has been charged at the HMRC's official rate.


Mr C S Aitken

During the period Mr C S Aitken went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £45,323 (2023 - £Nil). At the year end the amount outstanding from Mr C S Aitken was £Nil (2023 - £-). Interest has been charged at the HMRC's official rate.


Mr A C Hussey

During the period Mr A C Hussey went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £84,356 (2023 - £Nil). At the year end the amount outstanding from Mr A C Hussey was £Nil (2023 - £-). Interest has been charged at the HMRC's official rate.


Mr E J H Hill

During the period Mr E J H Hill went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £86,887 (2023 - £Nil). At the year end the amount outstanding from Mr E J H Hill was £Nil (2023 - £-). Interest has been charged at the HMRC's official rate.