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REGISTERED NUMBER: 06793325 (England and Wales)















Financial Statements for the Year Ended 31 January 2025

for

Richmond Vets Limited

Richmond Vets Limited (Registered number: 06793325)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Richmond Vets Limited

Company Information
for the Year Ended 31 January 2025







DIRECTOR: K D Rose





REGISTERED OFFICE: 161 Kew Road
Richmond
Surrey
TW9 2PN





REGISTERED NUMBER: 06793325 (England and Wales)





ACCOUNTANTS: Xeinadin Braintree
4-8 The Centre
Lakes Industrial Park
Braintree
Essex
CM7 3RU

Richmond Vets Limited (Registered number: 06793325)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,000 75,000
Tangible assets 5 26,888 23,819
86,888 98,819

CURRENT ASSETS
Stocks 37,724 42,938
Debtors 6 34,246 28,142
Cash at bank and in hand 38,172 50,545
110,142 121,625
CREDITORS
Amounts falling due within one year 7 101,726 104,289
NET CURRENT ASSETS 8,416 17,336
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,304

116,155

CREDITORS
Amounts falling due after more than one
year

8

(27,179

)

(38,689

)

PROVISIONS FOR LIABILITIES (6,184 ) (5,479 )
NET ASSETS 61,941 71,987

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 61,837 71,883
SHAREHOLDERS' FUNDS 61,941 71,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Richmond Vets Limited (Registered number: 06793325)

Balance Sheet - continued
31 January 2025


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 13 March 2025 and were signed by:





K D Rose - Director


Richmond Vets Limited (Registered number: 06793325)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Richmond Vets 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 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.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on cost and 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value.

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.

Richmond Vets Limited (Registered number: 06793325)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

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 12 (2024 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 300,000
AMORTISATION
At 1 February 2024 225,000
Charge for year 15,000
At 31 January 2025 240,000
NET BOOK VALUE
At 31 January 2025 60,000
At 31 January 2024 75,000

Richmond Vets Limited (Registered number: 06793325)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2024 97,071 192,788 289,859
Additions - 15,090 15,090
At 31 January 2025 97,071 207,878 304,949
DEPRECIATION
At 1 February 2024 97,071 168,969 266,040
Charge for year - 12,021 12,021
At 31 January 2025 97,071 180,990 278,061
NET BOOK VALUE
At 31 January 2025 - 26,888 26,888
At 31 January 2024 - 23,819 23,819

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

Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 16,995
DEPRECIATION
At 1 February 2024 4,249
Charge for year 4,249
At 31 January 2025 8,498
NET BOOK VALUE
At 31 January 2025 8,497
At 31 January 2024 12,746

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 30,168 23,519
Other debtors 4,078 4,623
34,246 28,142

Richmond Vets Limited (Registered number: 06793325)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts (see note 9) 5,953 5,443
Trade creditors 34,761 42,306
Taxation and social security 51,131 46,394
Other creditors 4,325 4,590
101,726 104,289

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans 24,537 30,093
Hire purchase contracts (see note 9) 2,642 8,596
27,179 38,689

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due in more than 5
years repayable by instalments 2,315 7,871
2,315 7,871

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.1.25 31.1.24
£    £   
Net obligations repayable:
Within one year 5,953 5,443
Between one and five years 2,642 8,596
8,595 14,039

Non-cancellable operating leases
31.1.25 31.1.24
£    £   
Within one year 61,008 50,000
Between one and five years 183,024 200,000
244,032 250,000