DIR Veterinary Services Limited

Registered number

SC378593

Unaudited Filleted Accounts

31 March 2025

DIR Veterinary Services Limited
Registered number:		SC378593
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		148,103			185,128
Tangible assets	4		894,422			955,895
			1,042,525			1,141,023

Current assets
Stocks		104,332			96,755
Debtors	5	535,413			503,521
Cash at bank and in hand		395,370			180,234
		1,035,115			780,510

Creditors: amounts falling due within one year	6	(463,144)			(436,982)

Net current assets			571,971			343,528

Total assets less current liabilities			1,614,496			1,484,551

Creditors: amounts falling due after more than one year	7		(535,803)			(580,763)

Provisions for liabilities			(122,762)			(131,787)


Net assets			955,931			772,001

Capital and reserves
Called up share capital			100			100
Profit and loss account			955,831			771,901

Shareholder's funds			955,931			772,001

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 member has 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.


S W McMorrow
Director
Approved by the board on 28 August 2025

DIR Veterinary Services Limited
Notes to the Accounts
for the year ended 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 value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services to customers during the year.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

	Goodwill			10% straight line

	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:

	Freehold buildings			2% straight line
	Leasehold improvements			straight line over the lease period
	Motor vehicles			25% reducing balance
	Fixtures and equipment			15% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					48		45


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2024							594,208
	At 31 March 2025							594,208

	Amortisation
	At 1 April 2024							409,080
	Provided during the year							37,025
	At 31 March 2025							446,105

	Net book value
	At 31 March 2025							148,103
	At 31 March 2024							185,128

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	295,582		665,734		303,298		1,264,614
	Additions	750		39,241		18,125		58,116
	Disposals	(17,850)		(20,164)		-		(38,014)
	At 31 March 2025	278,482		684,811		321,423		1,284,716

	Depreciation
	At 1 April 2024	38,997		246,430		23,292		308,719
	Charge for the year	5,570		72,471		12,919		90,960
	On disposals	(714)		(8,671)		-		(9,385)
	At 31 March 2025	43,853		310,230		36,211		390,294

	Net book value
	At 31 March 2025	234,629		374,581		285,212		894,422
	At 31 March 2024	256,585		419,304		280,006		955,895


5	Debtors					2025		2024
£							£

	Trade debtors					189,900		159,728
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					313,012		337,147
	Other debtors					32,501		6,646
						535,413		503,521


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					40,850		33,196
	Trade creditors					132,846		97,270
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					28,837		100,120
	Taxation and social security costs					284,613		182,313
	Other creditors					(24,002)		24,083
						463,144		436,982

	Included in other creditors is an amount of £56,000 due by the director (2024: £nil). This loan is interest free and repayable on demand.



7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					535,803		580,763


8	Loans					2025		2024
£							£
	Creditors include:
	Instalments falling due for payment after more than five years					324,372		313,462


	Secured bank loans					576,653		613,959

	Bank borrowings are secured by a floating charge over the assets of the company.


9	Other financial commitments					2025		2024
£							£

	Total future minimum payments under non-cancellable operating leases					254,595		292,935


10	Other information

	DIR Veterinary Services Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
	Unit 42
	Mill Road Industrial Estate
	Linlithgow
	West Lothian
	EH49 7SF