Southwater Veterinary Group Limited 13656045 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is the provision of veterinary services. Digita Accounts Production Advanced 6.30.9574.0 true 13656045 2023-10-01 2024-09-30 13656045 2024-09-30 13656045 core:RetainedEarningsAccumulatedLosses 2024-09-30 13656045 core:ShareCapital 2024-09-30 13656045 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 13656045 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 13656045 bus:SmallEntities 2023-10-01 2024-09-30 13656045 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 13656045 bus:FullAccounts 2023-10-01 2024-09-30 13656045 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 13656045 bus:RegisteredOffice 2023-10-01 2024-09-30 13656045 bus:Director1 2023-10-01 2024-09-30 13656045 bus:Director2 2023-10-01 2024-09-30 13656045 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 13656045 core:Buildings 2023-10-01 2024-09-30 13656045 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 13656045 core:MotorVehicles 2023-10-01 2024-09-30 13656045 core:PlantMachinery 2023-10-01 2024-09-30 13656045 countries:AllCountries 2023-10-01 2024-09-30 13656045 2023-09-30 13656045 2022-11-01 2023-09-30 13656045 2023-09-30 13656045 core:RetainedEarningsAccumulatedLosses 2023-09-30 13656045 core:ShareCapital 2023-09-30 13656045 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 13656045 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 13656045

Southwater Veterinary Group Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

Southwater Veterinary Group Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Southwater Veterinary Group Limited

(Registration number: 13656045)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

711,789

560,608

Current assets

 

Stocks

5

98,659

-

Debtors

438,685

162,259

Cash at bank and in hand

 

225,960

180,853

 

763,304

343,112

Creditors: Amounts falling due within one year

6

(593,446)

(346,219)

Net current assets/(liabilities)

 

169,858

(3,107)

Total assets less current liabilities

 

881,647

557,501

Creditors: Amounts falling due after more than one year

7

(402,983)

(371,255)

Provisions for liabilities

(96,137)

(49,650)

Net assets

 

382,527

136,596

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

382,427

136,496

Total equity

 

382,527

136,596

 

Southwater Veterinary Group Limited

(Registration number: 13656045)
Abridged Balance Sheet as at 30 September 2024

For the financial year ending 30 September 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.

Approved and authorised by the Board on 14 June 2025 and signed on its behalf by:
 



Mr R Hamilton

Director



Mr R Davis

Director

 

Southwater Veterinary Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

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

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the Board on 14 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

2% Straight line

Motor Vehicle

25% Reducing balance

Plant & Machinery

25% Straight line

Fixtures & Fittings

15% Reducing balance

 

Southwater Veterinary Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2023 - 4).

4

Tangible assets

Total
£

Cost or valuation

At 1 October 2023

645,312

Additions

240,427

At 30 September 2024

885,739

Depreciation

At 1 October 2023

84,703

Charge for the year

89,247

At 30 September 2024

173,950

Carrying amount

At 30 September 2024

711,789

At 30 September 2023

560,608

5

Stocks

2024
£

2023
£

Stock

98,659

-

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 £17,900 (2023 - £27,300). Hire purchase agreements are secured against the assets to which they relate.

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 £402,983 (2023 - £371,255). Hire purchase agreements are secured against the assets to which they relate.