IRIS Accounts Production v25.1.4.42 06410566 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064105662023-10-31064105662024-10-31064105662023-11-012024-10-31064105662022-10-31064105662022-11-012023-10-31064105662023-10-3106410566ns15:EnglandWales2023-11-012024-10-3106410566ns14:PoundSterling2023-11-012024-10-3106410566ns10:Director12023-11-012024-10-3106410566ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3106410566ns10:SmallEntities2023-11-012024-10-3106410566ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3106410566ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3106410566ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3106410566ns10:FullAccounts2023-11-012024-10-310641056612023-11-012024-10-3106410566ns10:Director22023-11-012024-10-3106410566ns10:Director32023-11-012024-10-3106410566ns10:Director42023-11-012024-10-3106410566ns10:CompanySecretary12023-11-012024-10-3106410566ns10:RegisteredOffice2023-11-012024-10-3106410566ns5:CurrentFinancialInstruments2024-10-3106410566ns5:CurrentFinancialInstruments2023-10-3106410566ns5:ShareCapital2024-10-3106410566ns5:ShareCapital2023-10-3106410566ns5:RetainedEarningsAccumulatedLosses2024-10-3106410566ns5:RetainedEarningsAccumulatedLosses2023-10-3106410566ns5:NetGoodwill2023-11-012024-10-3106410566ns5:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3106410566ns5:FurnitureFittings2023-11-012024-10-3106410566ns5:MotorVehicles2023-11-012024-10-3106410566ns5:ComputerEquipment2023-11-012024-10-3106410566ns5:NetGoodwill2023-10-3106410566ns5:NetGoodwill2024-10-3106410566ns5:NetGoodwill2023-10-3106410566ns5:LandBuildings2023-10-3106410566ns5:FurnitureFittings2023-10-3106410566ns5:MotorVehicles2023-10-3106410566ns5:ComputerEquipment2023-10-3106410566ns5:LandBuildings2023-11-012024-10-3106410566ns5:LandBuildings2024-10-3106410566ns5:FurnitureFittings2024-10-3106410566ns5:MotorVehicles2024-10-3106410566ns5:ComputerEquipment2024-10-3106410566ns5:LandBuildings2023-10-3106410566ns5:FurnitureFittings2023-10-3106410566ns5:MotorVehicles2023-10-3106410566ns5:ComputerEquipment2023-10-3106410566ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3106410566ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3106410566ns5:RetainedEarningsAccumulatedLosses2023-10-3106410566ns5:RetainedEarningsAccumulatedLosses2023-11-012024-10-31
















GRANGE VETS LIMITED

Unaudited Financial Statements

for the Year Ended 31st October 2024






GRANGE VETS LIMITED (REGISTERED NUMBER: 06410566)






Contents of the Financial Statements
for the year ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRANGE VETS LIMITED

Company Information
for the year ended 31st October 2024







DIRECTORS: Mrs V F Wignall
A Wignall
Miss V Wignall
J Wignall





SECRETARY: Mrs V F Wignall





REGISTERED OFFICE: Bron Heulog
Victoria Road
Mold
Flintshire
CH7 1EW





REGISTERED NUMBER: 06410566 (England and Wales)






GRANGE VETS LIMITED (REGISTERED NUMBER: 06410566)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 407,972 439,944
407,972 439,944

CURRENT ASSETS
Stocks 120,000 100,000
Debtors 6 784,349 524,077
Cash at bank 2,706,591 2,515,741
3,610,940 3,139,818
CREDITORS
Amounts falling due within one year 7 604,322 576,944
NET CURRENT ASSETS 3,006,618 2,562,874
TOTAL ASSETS LESS CURRENT LIABILITIES 3,414,590 3,002,818

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 8 3,414,586 3,002,814
SHAREHOLDERS' FUNDS 3,414,590 3,002,818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 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.

GRANGE VETS LIMITED (REGISTERED NUMBER: 06410566)

Balance Sheet - continued
31st October 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 Board of Directors and authorised for issue on 24th July 2025 and were signed on its behalf by:





Mrs V F Wignall - Director


GRANGE VETS LIMITED (REGISTERED NUMBER: 06410566)

Notes to the Financial Statements
for the year ended 31st October 2024

1. STATUTORY INFORMATION

Grange Vets Limited 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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The areas in the financial statements where these judgements and estimates have been made include:

The useful lives of property, plant and equipment which are estimated based on the period over which the assets are expected to be available for use. The estimated useful lives are reviewed periodically and are updated if expectations differ from previous estimates due to physical wear and tear, technical or commercial obsolescence and legal or other limits on the use of the relevant assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Financial instruments
Debtors, creditors, directors loan (being repayable on demand) are measured at the undiscounted amount of cash or other consideration expected to be paid or received.


GRANGE VETS LIMITED (REGISTERED NUMBER: 06410566)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

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
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 63 (2023 - 77 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2023
and 31st October 2024 40,000
AMORTISATION
At 1st November 2023
and 31st October 2024 40,000
NET BOOK VALUE
At 31st October 2024 -
At 31st October 2023 -

GRANGE VETS LIMITED (REGISTERED NUMBER: 06410566)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st November 2023 459,834 276,332 226,565 67,670 1,030,401
Additions - - - 1,566 1,566
At 31st October 2024 459,834 276,332 226,565 69,236 1,031,967
DEPRECIATION
At 1st November 2023 114,782 232,447 180,554 62,674 590,457
Charge for year 9,196 8,777 11,503 4,062 33,538
At 31st October 2024 123,978 241,224 192,057 66,736 623,995
NET BOOK VALUE
At 31st October 2024 335,856 35,108 34,508 2,500 407,972
At 31st October 2023 345,052 43,885 46,011 4,996 439,944

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 762,589 509,476
Other debtors 21,760 14,601
784,349 524,077

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 38,619 -
Trade creditors 186,337 178,549
Taxation and social security 355,464 380,010
Other creditors 23,902 18,385
604,322 576,944

8. RESERVES
Retained
earnings
£   

At 1st November 2023 3,002,814
Profit for the year 541,772
Dividends (130,000 )
At 31st October 2024 3,414,586