Registered number
15255920
Needham Market Veterinary Centre Ltd
Filleted Accounts
31 March 2025
Needham Market Veterinary Centre Ltd
Registered number: 15255920
Balance Sheet
as at 31 March 2025
Notes 2025
£
Fixed assets
Tangible assets 3 538,159
Current assets
Debtors 4 46,697
Cash at bank and in hand 94,250
140,947
Creditors: amounts falling due within one year 5 (432,853)
Net current liabilities (291,906)
Total assets less current liabilities 246,253
Creditors: amounts falling due after more than one year 6 (307,634)
Net liabilities (61,381)
Capital and reserves
Called up share capital 200
Profit and loss account (61,581)
Shareholders' funds (61,381)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J REASON
Director
Approved by the board on 24 July 2025
Needham Market Veterinary Centre Ltd
Notes to the Accounts
for the period from 2 November 2023 to 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows, once the assests are fully in use
Leasehold land and buildings over the lease term
Plant and machinery over 10 years
Fixtures, fittings, tools and equipment over 10 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2025
Number
Average number of persons employed by the company 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
Additions 465,835 72,324 538,159
At 31 March 2025 465,835 72,324 538,159
Depreciation
At 31 March 2025 - - -
Net book value
At 31 March 2025 465,835 72,324 538,159
4 Debtors 2025
£
Trade debtors 40,341
Other debtors 6,356
46,697
5 Creditors: amounts falling due within one year 2025
£
Obligations under finance lease and hire purchase contracts 50,000
Trade creditors 209,283
Taxation and social security costs (86,169)
Other creditors 223,739
432,853
6 Creditors: amounts falling due after one year 2025
£
Bank loans 307,634
7 Other information
Needham Market Veterinary Centre Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit A
EastGate Street
Bury St Edmunds
IP33 1YQ
8 Going concern
The accounts are prepared on the going concern basis which assumes the support of the associated company
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