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REGISTERED NUMBER: SC552309 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

DUNDAS VETERINARY GROUP LIMITED

DUNDAS VETERINARY GROUP LIMITED (REGISTERED NUMBER: SC552309)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DUNDAS VETERINARY GROUP LIMITED

COMPANY INFORMATION
for the year ended 31 March 2025







DIRECTORS: E Sharp
P Sharp





REGISTERED OFFICE: 99 Dundas Street
Edinburgh
Lothian
EH3 6SD





REGISTERED NUMBER: SC552309 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

DUNDAS VETERINARY GROUP LIMITED (REGISTERED NUMBER: SC552309)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 182,000 273,000
Tangible assets 5 180,612 179,123
362,612 452,123

CURRENT ASSETS
Stocks 132,857 103,824
Debtors 6 488,287 391,150
Cash at bank and in hand 468,096 652,518
1,089,240 1,147,492
CREDITORS
Amounts falling due within one year 7 373,900 454,494
NET CURRENT ASSETS 715,340 692,998
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,077,952

1,145,121

CREDITORS
Amounts falling due after more than one
year

8

(28,640

)

(34,704

)

PROVISIONS FOR LIABILITIES 10 (26,677 ) (29,073 )
NET ASSETS 1,022,635 1,081,344

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 258,272 258,272
Retained earnings 754,363 813,072
SHAREHOLDERS' FUNDS 1,022,635 1,081,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

DUNDAS VETERINARY GROUP LIMITED (REGISTERED NUMBER: SC552309)

BALANCE SHEET - continued
31 March 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2025 and were signed on its behalf by:





E Sharp - Director


DUNDAS VETERINARY GROUP LIMITED (REGISTERED NUMBER: SC552309)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Dundas Veterinary Group Limited is a private company, limited by shares , registered in Scotland. 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 is recognised to the extent that the company obtains the right to consideration in exchange for its performance.Turnover is measured at the fair value of the consideration received or receivable for the provision of veterinary services, excluding value added tax. The company recognises turnover when the amount of turnover can be reliably measured, it is probable that the future economic benefits will flow to the entity and specific criteria have been met for the company's principal activity.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses. If there is an indication that there has been a significant change in amortisation rate or residual value of an asset, the amortisation of that asset is revised prospectively to reflect the new expectations.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 20% per annum reducing balance and 5% on cost
Fixtures and fittings - 20% per annum reducing balance
Motor vehicles - 20% per annum reducing balance
Computer equipment - 33% per annum reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended. The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

IMPAIRMENT OF ASSETS
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

DUNDAS VETERINARY GROUP LIMITED (REGISTERED NUMBER: SC552309)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Short-term debt instruments, including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax assets are only recognised 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.

DUNDAS VETERINARY GROUP LIMITED (REGISTERED NUMBER: SC552309)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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.

EMPLOYEE BENEFITS
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled to are recognised at the undiscounted amount expected to be paid in exchange for that service in the period in which they were incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2024 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 910,000
AMORTISATION
At 1 April 2024 637,000
Charge for year 91,000
At 31 March 2025 728,000
NET BOOK VALUE
At 31 March 2025 182,000
At 31 March 2024 273,000

DUNDAS VETERINARY GROUP LIMITED (REGISTERED NUMBER: SC552309)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2024 23,368 17,192 179,162
Additions 20,896 4,307 15,315
Disposals - - (2,152 )
At 31 March 2025 44,264 21,499 192,325
DEPRECIATION
At 1 April 2024 4,730 7,214 87,798
Charge for year 2,203 2,857 21,336
Eliminated on disposal - - (1,533 )
At 31 March 2025 6,933 10,071 107,601
NET BOOK VALUE
At 31 March 2025 37,331 11,428 84,724
At 31 March 2024 18,638 9,978 91,364

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 72,154 2,239 294,115
Additions - - 40,518
Disposals - - (2,152 )
At 31 March 2025 72,154 2,239 332,481
DEPRECIATION
At 1 April 2024 14,431 819 114,992
Charge for year 11,545 469 38,410
Eliminated on disposal - - (1,533 )
At 31 March 2025 25,976 1,288 151,869
NET BOOK VALUE
At 31 March 2025 46,178 951 180,612
At 31 March 2024 57,723 1,420 179,123

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 12,675 16,723
Amounts owed by group undertakings 462,494 361,334
Other debtors 13,118 13,093
488,287 391,150

DUNDAS VETERINARY GROUP LIMITED (REGISTERED NUMBER: SC552309)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 9) 6,064 5,381
Trade creditors 40,192 42,807
Taxation and social security 314,159 393,626
Other creditors 13,485 12,680
373,900 454,494

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts (see note 9) 28,640 34,704

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 6,064 5,381
Between one and five years 28,640 34,704
34,704 40,085

Non-cancellable
operating leases
2025 2024
£    £   
Within one year 7,775 -
Between one and five years 12,958 -
20,733 -

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 27,126 29,502
Other timing differences (449 ) (429 )
26,677 29,073

DUNDAS VETERINARY GROUP LIMITED (REGISTERED NUMBER: SC552309)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2024 29,073
Credit to Statement of Income and Retained Earnings during year (2,396 )
Balance at 31 March 2025 26,677

The reversal of deferred tax assets expected in 2026 is £449. This is expected to arise due to changes in the defined benefit pension liability.

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The ultimate parent company is Gartshore Green Limited, whose registered office is at 99 Dundas Street, Edinburgh, Scotland, EH3 6SD