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Registration number: 08214201

Calne Veterinary Centre Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2025

 

Calne Veterinary Centre Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Calne Veterinary Centre Ltd

(Registration number: 08214201)
Abridged Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

47,353

53,273

Tangible assets

5

17,435

25,921

 

64,788

79,194

Current assets

 

Stocks

6

52,544

46,894

Debtors

98,862

84,893

Cash at bank and in hand

 

65,502

64,988

 

216,908

196,775

Creditors: Amounts falling due within one year

(79,449)

(68,103)

Net current assets

 

137,459

128,672

Total assets less current liabilities

 

202,247

207,866

Provisions for liabilities

(3,033)

(5,069)

Net assets

 

199,214

202,797

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

199,114

202,697

Total equity

 

199,214

202,797

 

Calne Veterinary Centre Ltd

(Registration number: 08214201)
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 director acknowledges her 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 Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 3 July 2025
 

Dr I De Best

Director

 

Calne Veterinary Centre Ltd

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 (Registered number 08214201).

The address of its registered office is:
245 Oxford Road
Calne
Wiltshire
SN11 8RT

These financial statements were authorised for issue by the director on 3 July 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow to the entity, and specific criteria have been met for each of the company activities.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

 

Calne Veterinary Centre Ltd

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

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 income 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

Furniture, fittings and equipment

15% Straight line

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

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:

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2024 - 8).

 

Calne Veterinary Centre Ltd

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

118,393

At 31 January 2025

118,393

Amortisation

At 1 February 2024

65,120

Amortisation charge

5,920

At 31 January 2025

71,040

Carrying amount

At 31 January 2025

47,353

At 31 January 2024

53,273

5

Tangible assets

Total
£

Cost or valuation

At 1 February 2024

134,675

Additions

3,871

At 31 January 2025

138,546

Depreciation

At 1 February 2024

108,754

Charge for the year

12,357

At 31 January 2025

121,111

Carrying amount

At 31 January 2025

17,435

At 31 January 2024

25,921

6

Stocks

2025
£

2024
£

Stock

52,544

46,894

 

Calne Veterinary Centre Ltd

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

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £67,405 (2024 - £11,447). These figures are in respect of operating leases.

8

Related party transactions

Advances to directors


Dr I De Best

During the period Dr I De Best went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £76,564 (2024 - £66,399). At the year end the amount outstanding from Dr I De Best was £60,192 (2024 - £64,564). Interest has been charged at the commercial rate.