REGISTERED NUMBER: 12536527 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Aldeburgh Vets Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J J Colclough

G Faulkner

B T Faulkner

REGISTERED OFFICE:

Dairy Farm

Sutton Hoo

Woodbridge

Suffolk

IP12 3DJ

REGISTERED NUMBER:

12536527 (England and Wales)

ACCOUNTANTS:

Pinfold & Co

8 Deben Mill Business Centre

Old Maltings Approach

Woodbridge

Suffolk

IP12 1BL

FIXED ASSETS

Tangible assets

4

135,806

145,619

CURRENT ASSETS

Stocks

26,420

24,296

Debtors

97,110

92,697

Cash at bank and in hand

467,055

372,876

590,585

489,869

CREDITORS

Amounts falling due within one year

339,457

318,503

NET CURRENT ASSETS

251,128

171,366

TOTAL ASSETS LESS CURRENT LIABILITIES

386,934

316,985

PROVISIONS FOR LIABILITIES

6

3,744

2,077

NET ASSETS

383,190

314,908

CAPITAL AND RESERVES

Called up share capital

7

103

103

Retained earnings

383,087

314,805

SHAREHOLDERS' FUNDS

383,190

314,908

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 August 2025 and were signed on its behalf by:

G Faulkner - Director

1.	STATUTORY INFORMATION

Aldeburgh Vets 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.

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

The turnover represents net invoiced sales of services, excluding value added tax, arising from a veterinary practice.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

straight line over life of lease

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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 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.

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.

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 15 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

219,238

Additions

11,655

At 31 March 2025

230,893

DEPRECIATION

At 1 April 2024

73,619

Charge for year

21,468

At 31 March 2025

95,087

NET BOOK VALUE

At 31 March 2025

135,806

At 31 March 2024

145,619

5.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

21,700

21,700

Between one and five years

65,100

65,100

In more than five years

70,525

92,225

157,325

179,025

6.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

3,744

2,077

Deferred

tax

£

Balance at 1 April 2024

2,077

Charge to Statement of Income and Retained Earnings during year

1,667

Balance at 31 March 2025

3,744

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

NominalValue:

31.3.23

31.3.22

£

£

100

Ordinary

£1

100

100

1

B Ordinary

£1

1

1

1

C Ordinary

£1

1

1

1

D Ordinary

£1

1

1

8.	SUMMARY OF TRANSACTIONS WITH DIRECTORS

The following advances by and repayments to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

B T Faulkner and G Faulkner

Balance outstanding at start of year

83,484

57,923

Amounts advanced

442

79,697

Amounts repaid

(25,435

)

(54,136

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

58,491

83,484

J J Colclough

Balance outstanding at start of year

1,979

1,979

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,979

1,979

9.	RELATED PARTY DISCLOSURES

At the balance sheet date related parties owed the company £10,211 (2024: £5,105).