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REGISTERED NUMBER: SC501520 (Scotland)









AVALON VETERINARY CLINIC LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025






AVALON VETERINARY CLINIC LTD (REGISTERED NUMBER: SC501520)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


AVALON VETERINARY CLINIC LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: G Pate
A Pate





REGISTERED OFFICE: 4 Royal Crescent
Glasgow
G3 7SL





BUSINESS ADDRESS: 5/6 Cloberfield Industrial Estate
Milngavie
Glasgow
G62 7LN





REGISTERED NUMBER: SC501520 (Scotland)





ACCOUNTANTS: russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AVALON VETERINARY CLINIC 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 Statement of Comprehensive Income and certain other primary statements and the Report of the Directors 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 Avalon Veterinary Clinic Ltd for the year ended 31st March 2025 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Avalon Veterinary Clinic Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Avalon Veterinary Clinic Ltd and state those matters that we have agreed to state to the Board of Directors of Avalon Veterinary Clinic Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Avalon Veterinary Clinic 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 Avalon Veterinary Clinic Ltd. You consider that Avalon Veterinary Clinic 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 Avalon Veterinary Clinic 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.






russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL


28th May 2025

AVALON VETERINARY CLINIC LTD (REGISTERED NUMBER: SC501520)

BALANCE SHEET
31ST MARCH 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 7,600
Tangible assets 5 21,797 5,796
21,797 13,396

CURRENT ASSETS
Stocks 17,797 20,556
Debtors 6 19,000 22,966
Cash at bank and in hand 82,358 55,284
119,155 98,806
CREDITORS
Amounts falling due within one year 7 124,143 112,211
NET CURRENT LIABILITIES (4,988 ) (13,405 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,809

(9

)

CREDITORS
Amounts falling due after more than one
year

8

(13,498

)

-

PROVISIONS FOR LIABILITIES (3,727 ) -
NET LIABILITIES (416 ) (9 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (516 ) (109 )
SHAREHOLDERS' FUNDS (416 ) (9 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

AVALON VETERINARY CLINIC LTD (REGISTERED NUMBER: SC501520)

BALANCE SHEET - continued
31ST MARCH 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 Board of Directors and authorised for issue on 24th May 2025 and were signed on its behalf by:





G Pate - Director


AVALON VETERINARY CLINIC LTD (REGISTERED NUMBER: SC501520)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025

1. STATUTORY INFORMATION

Avalon Veterinary Clinic 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The company had negative reserves of £416 as at 31st March 2025. Included in creditors are loans from directors totalling £52,982. It has been agreed that these loans will not be repaid to the detriment of the company's ability to trade. The directors believe that the company has adequate resources and support to continue to operate for the foreseeable future.

Turnover
The turnover shown in the profit and loss account represents the fee value of veterinary services rendered and the sales value of the goods supplied during the year, exclusive of Value Added Tax.

Goodwill
Goodwill arising on the acquisition of businesses, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its useful economic life of 10 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.

Leasehold property-33% straight line
Clinic equipment-20 - 25% straight line
Furniture and fittings-20% straight line
Computer equipment-20 - 25% straight line


Stocks
Stocks and work in progress are stated at the lower of cost and net realisable value.

Cost is determined using the first-in, first-out method. The cost of stocks comprises the direct expenditure directly attributable to bringing the stocks to their present location and condition. The cost of work in progress includes all direct expenditure and an appropriate proportion of overheads.

Net realisable value is based on the estimated selling price less any further costs expected to be incurred to completion and disposal.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


AVALON VETERINARY CLINIC LTD (REGISTERED NUMBER: SC501520)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

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 12 (2024 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2024
and 31st March 2025 76,000
AMORTISATION
At 1st April 2024 68,400
Amortisation for year 7,600
At 31st March 2025 76,000
NET BOOK VALUE
At 31st March 2025 -
At 31st March 2024 7,600

AVALON VETERINARY CLINIC LTD (REGISTERED NUMBER: SC501520)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Long Clinic and Computer
leasehold equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1st April 2024 13,400 27,848 1,659 2,977 45,884
Additions - 18,948 - 976 19,924
Disposals - (5,800 ) - - (5,800 )
At 31st March 2025 13,400 40,996 1,659 3,953 60,008
DEPRECIATION
At 1st April 2024 13,400 23,924 763 2,001 40,088
Charge for year - 3,299 240 384 3,923
Eliminated on disposal - (5,800 ) - - (5,800 )
At 31st March 2025 13,400 21,423 1,003 2,385 38,211
NET BOOK VALUE
At 31st March 2025 - 19,573 656 1,568 21,797
At 31st March 2024 - 3,924 896 976 5,796

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Clinic
equipment
£   
COST
Additions 16,950
At 31st March 2025 16,950
DEPRECIATION
Charge for year 1,402
At 31st March 2025 1,402
NET BOOK VALUE
At 31st March 2025 15,548

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 11,170 12,691
Other debtors 7,830 10,275
19,000 22,966

AVALON VETERINARY CLINIC LTD (REGISTERED NUMBER: SC501520)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 2,803 -
Trade creditors 24,808 16,151
Taxation and social security 38,755 38,136
Other creditors 57,777 57,924
124,143 112,211

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 13,498 -

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Hire purchase contracts 16,301 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
50 A - Ordinary shares 1 50 50
50 B - Ordinary shares 1 50 50
100 100

11. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £22,000 (2024: £39,600).

12. ULTIMATE CONTROLLING PARTY

The company was under the control of G Pate and A Pate throughout the current period.