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Registration number: 12494196

Bridgnorth Veterinary Centre Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2025

 

Bridgnorth Veterinary Centre Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Bridgnorth Veterinary Centre Limited

(Registration number: 12494196)
Abridged Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

99,680

105,910

Tangible assets

5

89,018

68,331

 

188,698

174,241

Current assets

 

Stocks

26,072

24,706

Debtors

369,675

247,105

Cash at bank and in hand

 

80,838

51,845

 

476,585

323,656

Creditors: Amounts falling due within one year

6

(312,791)

(230,898)

Net current assets

 

163,794

92,758

Total assets less current liabilities

 

352,492

266,999

Creditors: Amounts falling due after more than one year

7

(66,151)

(46,690)

Provisions for liabilities

(17,668)

(11,918)

Net assets

 

268,673

208,391

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

268,573

208,291

Total equity

 

268,673

208,391

 

Bridgnorth Veterinary Centre Limited

(Registration number: 12494196)
Abridged Balance Sheet as at 31 January 2025

For the financial year ending 31 January 2025 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.

Approved and authorised by the Board on 10 June 2025 and signed on its behalf by:
 

Mrs S Probert

Director

Mr N Probert

Director

 

Bridgnorth Veterinary Centre Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
52 Whitburn Street
Bridgnorth
Shropshire
WV16 4QP

These financial statements were authorised for issue by the Board on 10 June 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 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

Leasehold improvements

10% straight line

Fixtures and fittings

25% straight line

Office equipment

25% straight line

Motor vehicles

25% reducing balance

Plant and machinery

20% straight line

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:

 

Bridgnorth Veterinary Centre Limited

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

Asset class

Amortisation method and rate

Goodwill

5% 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 15 (2024 - 15).

 

Bridgnorth Veterinary Centre Limited

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

4

Intangible assets

Total
£

Cost or valuation

At 1 February 2024

124,600

At 31 January 2025

124,600

Amortisation

At 1 February 2024

18,690

Amortisation charge

6,230

At 31 January 2025

24,920

Carrying amount

At 31 January 2025

99,680

At 31 January 2024

105,910

5

Tangible assets

Total
£

Cost or valuation

At 1 February 2024

287,688

Additions

61,486

Disposals

(38,541)

At 31 January 2025

310,633

Depreciation

At 1 February 2024

219,357

Charge for the year

29,912

Eliminated on disposal

(27,654)

At 31 January 2025

221,615

Carrying amount

At 31 January 2025

89,018

At 31 January 2024

68,331

6

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 £6,316 (2024 - £7,500).

7

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 £35,947 (2024 - £16,486).

 

Bridgnorth Veterinary Centre Limited

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

8

Related party transactions

Advances to directors


Mr N Probert

During the period Mr N Probert went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £153,638 (2024 - £109,591). At the year end the amount outstanding from Mr N Probert was £153,638 (2024 - £109,591). Interest has been charged at HMRC's official rate.


Mrs S Probert

During the period Mrs S Probert went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £153,638 (2024 - £109,591). At the year end the amount outstanding from Mrs S Probert was £153,638 (2024 - £109,591). Interest has been charged at HMRC's official rate.