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REGISTERED NUMBER: SC729281 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 December 2024

for

Dalblair Vets Ltd

Dalblair Vets Ltd (Registered number: SC729281)






Contents of the Financial Statements
For The Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Dalblair Vets Ltd

Company Information
For The Year Ended 31 December 2024







DIRECTOR: S Jefferson





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC729281 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Dalblair Vets Ltd (Registered number: SC729281)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 520,000 585,000
Tangible assets 5 696,227 726,953
1,216,227 1,311,953

CURRENT ASSETS
Stocks 45,397 37,843
Debtors 6 75,950 46,685
Cash at bank and in hand 63,451 1,200
184,798 85,728
CREDITORS
Amounts falling due within one year 7 271,054 368,388
NET CURRENT LIABILITIES (86,256 ) (282,660 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,129,971

1,029,293

CREDITORS
Amounts falling due after more than one year 8 (598,726 ) (516,331 )

PROVISIONS FOR LIABILITIES (26,548 ) (34,116 )
NET ASSETS 504,697 478,846

CAPITAL AND RESERVES
Called up share capital 500,001 500,001
Retained earnings 4,696 (21,155 )
SHAREHOLDERS' FUNDS 504,697 478,846

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

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

Dalblair Vets Ltd (Registered number: SC729281)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2025 and were signed by:





S Jefferson - Director


Dalblair Vets Ltd (Registered number: SC729281)

Notes to the Financial Statements
For The Year Ended 31 December 2024

1. STATUTORY INFORMATION

Dalblair Vets Ltd 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.

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 2023, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.


Dalblair Vets Ltd (Registered number: SC729281)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

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 28 (2023 - 30 ) .

Dalblair Vets Ltd (Registered number: SC729281)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 650,000
AMORTISATION
At 1 January 2024 65,000
Charge for year 65,000
At 31 December 2024 130,000
NET BOOK VALUE
At 31 December 2024 520,000
At 31 December 2023 585,000

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2024 514,572 62,383 132,602
Additions - 21,941 -
At 31 December 2024 514,572 84,324 132,602
DEPRECIATION
At 1 January 2024 10,291 6,238 72,182
Charge for year 10,292 8,433 17,493
At 31 December 2024 20,583 14,671 89,675
NET BOOK VALUE
At 31 December 2024 493,989 69,653 42,927
At 31 December 2023 504,281 56,145 60,420

Dalblair Vets Ltd (Registered number: SC729281)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 169,955 12,180 30,929 922,621
Additions - - - 21,941
At 31 December 2024 169,955 12,180 30,929 944,562
DEPRECIATION
At 1 January 2024 90,444 11,947 4,566 195,668
Charge for year 11,927 58 4,464 52,667
At 31 December 2024 102,371 12,005 9,030 248,335
NET BOOK VALUE
At 31 December 2024 67,584 175 21,899 696,227
At 31 December 2023 79,511 233 26,363 726,953

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Computer
equipment
£   
COST
At 1 January 2024
and 31 December 2024 28,332
DEPRECIATION
At 1 January 2024 4,047
Charge for year 4,048
At 31 December 2024 8,095
NET BOOK VALUE
At 31 December 2024 20,237
At 31 December 2023 24,285

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 57,564 33,020
Other debtors 18,386 13,665
75,950 46,685

Dalblair Vets Ltd (Registered number: SC729281)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 15,503 117,105
Hire purchase contracts 20,995 11,085
Trade creditors 85,443 158,943
Taxation and social security 119,634 49,603
Other creditors 29,479 31,652
271,054 368,388

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 245,773 14,806
Hire purchase contracts 55,262 34,439
Other creditors 297,691 467,086
598,726 516,331

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Dalblair Vets Ltd

The following reproduces the text of the report prepared for the director 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 Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dalblair Vets Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Dalblair Vets Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dalblair Vets Ltd and state those matters that we have agreed to state to the director of Dalblair Vets Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Dalblair Vets Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dalblair Vets Ltd. You consider that Dalblair Vets Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dalblair Vets Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH


2 April 2025