IRIS Accounts Production v25.1.4.42 14375257 director 1.10.23 30.9.24 30.9.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh143752572023-09-30143752572024-09-30143752572023-10-012024-09-30143752572022-09-25143752572022-09-262023-09-30143752572023-09-3014375257ns15:EnglandWales2023-10-012024-09-3014375257ns14:PoundSterling2023-10-012024-09-3014375257ns10:Director12023-10-012024-09-3014375257ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3014375257ns10:SmallEntities2023-10-012024-09-3014375257ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3014375257ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3014375257ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3014375257ns10:FullAccounts2023-10-012024-09-301437525712023-10-012024-09-3014375257ns10:OrdinaryShareClass12023-10-012024-09-3014375257ns10:RegisteredOffice2023-10-012024-09-3014375257ns5:CurrentFinancialInstruments2024-09-3014375257ns5:CurrentFinancialInstruments2023-09-3014375257ns5:Non-currentFinancialInstruments2024-09-3014375257ns5:Non-currentFinancialInstruments2023-09-3014375257ns5:ShareCapital2024-09-3014375257ns5:ShareCapital2023-09-3014375257ns5:SharePremium2024-09-3014375257ns5:SharePremium2023-09-3014375257ns5:RetainedEarningsAccumulatedLosses2024-09-3014375257ns5:RetainedEarningsAccumulatedLosses2023-09-3014375257ns5:NetGoodwill2023-10-012024-09-3014375257ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3014375257ns5:PlantMachinery2023-10-012024-09-3014375257ns5:NetGoodwill2023-09-3014375257ns5:NetGoodwill2024-09-3014375257ns5:NetGoodwill2023-09-3014375257ns5:PlantMachinery2023-09-3014375257ns5:PlantMachinery2024-09-3014375257ns5:PlantMachinery2023-09-3014375257ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-3014375257ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-012024-09-3014375257ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-09-3014375257ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-3014375257ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3014375257ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3014375257ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-09-3014375257ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-09-3014375257ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-09-3014375257ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-09-3014375257ns5:HirePurchaseContracts2024-09-3014375257ns5:HirePurchaseContracts2023-09-3014375257ns5:WithinOneYear2024-09-3014375257ns5:WithinOneYear2023-09-3014375257ns5:BetweenOneFiveYears2024-09-3014375257ns5:BetweenOneFiveYears2023-09-3014375257ns5:AllPeriods2024-09-3014375257ns5:AllPeriods2023-09-3014375257ns10:OrdinaryShareClass12024-09-30143752571ns10:Director12023-09-30143752571ns10:Director12022-09-25143752571ns10:Director12023-10-012024-09-30143752571ns10:Director12022-09-262023-09-30143752571ns10:Director12024-09-30143752571ns10:Director12023-09-30
REGISTERED NUMBER: 14375257 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

WILSON'S VETERINARY PRACTICE LTD

WILSON'S VETERINARY PRACTICE LTD (REGISTERED NUMBER: 14375257)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILSON'S VETERINARY PRACTICE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mr A D Wilson





REGISTERED OFFICE: Unit B Coop Local Store
Whitehouse Road
Dordon
Warwickshire
B78 1QE





REGISTERED NUMBER: 14375257 (England and Wales)





ACCOUNTANTS: Brookes Stephens
New Media House
Davidson Road
Lichfield
Staffordshire
WS14 9DZ

WILSON'S VETERINARY PRACTICE LTD (REGISTERED NUMBER: 14375257)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 24,000 27,000
Tangible assets 5 121,479 140,800
145,479 167,800

Current assets
Stocks 24,170 19,231
Debtors 6 52,756 16,860
Cash at bank 104,151 98,584
181,077 134,675
Creditors
Amounts falling due within one year 7 132,030 114,506
Net current assets 49,047 20,169
Total assets less current liabilities 194,526 187,969

Creditors
Amounts falling due after more than one
year

8

(87,584

)

(116,952

)

Provisions for liabilities (6,649 ) (5,958 )
Net assets 100,293 65,059

Capital and reserves
Called up share capital 11 1 1
Share premium 24,036 24,036
Retained earnings 76,256 41,022
Shareholders' funds 100,293 65,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

WILSON'S VETERINARY PRACTICE LTD (REGISTERED NUMBER: 14375257)

BALANCE SHEET - continued
30 SEPTEMBER 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 20 June 2025 and were signed by:





Mr A D Wilson - Director


WILSON'S VETERINARY PRACTICE LTD (REGISTERED NUMBER: 14375257)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Wilson'S Veterinary Practice Ltd 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.

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.

Turnover
Turnover represents net invoiced goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery etc - 25% on cost and 25% 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.

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.


WILSON'S VETERINARY PRACTICE LTD (REGISTERED NUMBER: 14375257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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 10 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 30,000
AMORTISATION
At 1 October 2023 3,000
Charge for year 3,000
At 30 September 2024 6,000
NET BOOK VALUE
At 30 September 2024 24,000
At 30 September 2023 27,000

WILSON'S VETERINARY PRACTICE LTD (REGISTERED NUMBER: 14375257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. INTANGIBLE FIXED ASSETS - continued

On 1 October 2022, the company acquired the unincorporated trade, assets and liabilities of Wilson's Veterinary in exchange for the 1 ordinary share of the company. The market value of the goodwill of the business was estimated to be £30,000.

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 172,894
Additions 14,682
At 30 September 2024 187,576
DEPRECIATION
At 1 October 2023 32,094
Charge for year 34,003
At 30 September 2024 66,097
NET BOOK VALUE
At 30 September 2024 121,479
At 30 September 2023 140,800

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

Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 42,826
DEPRECIATION
At 1 October 2023 10,707
Charge for year 9,088
At 30 September 2024 19,795
NET BOOK VALUE
At 30 September 2024 23,031
At 30 September 2023 32,119

WILSON'S VETERINARY PRACTICE LTD (REGISTERED NUMBER: 14375257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,605 3,210
Other debtors 47,151 13,650
52,756 16,860

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,438 19,858
Hire purchase contracts (see note 9) 7,929 7,111
Trade creditors 32,197 30,444
Taxation and social security 69,179 48,901
Other creditors 1,287 8,192
132,030 114,506

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 60,734 82,173
Hire purchase contracts (see note 9) 26,850 34,779
87,584 116,952

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 7,929 7,111
Between one and five years 26,850 34,779
34,779 41,890

Non-cancellable operating leases
2024 2023
£    £   
Within one year 14,382 12,000
Between one and five years 40,315 41,000
54,697 53,000

WILSON'S VETERINARY PRACTICE LTD (REGISTERED NUMBER: 14375257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 34,779 41,890

The hire purchase liabilities are secured against the assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 September 2024 and the period ended 30 September 2023:

2024 2023
£    £   
Mr A D Wilson
Balance outstanding at start of year - -
Amounts advanced 21,701 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,701 -

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £84,000 (2023 - £95,977) were paid to the director .

At the year end, the director owed the company £21,701 (2023 the company owed the director £5,946). Interest was applied to the loan at the rate of 2.25% per annum, the loan is repayable on demand.