Acorah Software Products - Accounts Production 16.4.660 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08028506 Mrs Sophie Hadfield Mr Simon Tai iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08028506 2024-03-31 08028506 2025-03-31 08028506 2024-04-01 2025-03-31 08028506 frs-core:CurrentFinancialInstruments 2025-03-31 08028506 frs-core:BetweenOneFiveYears 2025-03-31 08028506 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08028506 frs-core:NetGoodwill 2025-03-31 08028506 frs-core:NetGoodwill 2024-04-01 2025-03-31 08028506 frs-core:NetGoodwill 2024-03-31 08028506 frs-core:PlantMachinery 2025-03-31 08028506 frs-core:PlantMachinery 2024-04-01 2025-03-31 08028506 frs-core:PlantMachinery 2024-03-31 08028506 frs-core:WithinOneYear 2025-03-31 08028506 frs-core:ShareCapital 2025-03-31 08028506 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08028506 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08028506 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08028506 frs-bus:SmallEntities 2024-04-01 2025-03-31 08028506 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08028506 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08028506 frs-bus:Director1 2024-04-01 2025-03-31 08028506 frs-bus:Director2 2024-04-01 2025-03-31 08028506 frs-countries:EnglandWales 2024-04-01 2025-03-31 08028506 2023-03-31 08028506 2024-03-31 08028506 2023-04-01 2024-03-31 08028506 frs-core:CurrentFinancialInstruments 2024-03-31 08028506 frs-core:BetweenOneFiveYears 2024-03-31 08028506 frs-core:WithinOneYear 2024-03-31 08028506 frs-core:ShareCapital 2024-03-31 08028506 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08028506
City Road Veterinary Centre Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Whyfield Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08028506
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 52,719 40,702
52,719 40,702
CURRENT ASSETS
Stocks 6 29,025 40,974
Debtors 7 24,966 18,646
Cash at bank and in hand 350,241 346,539
404,232 406,159
Creditors: Amounts Falling Due Within One Year 8 (158,557 ) (203,979 )
NET CURRENT ASSETS (LIABILITIES) 245,675 202,180
TOTAL ASSETS LESS CURRENT LIABILITIES 298,394 242,882
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,180 ) (10,175 )
NET ASSETS 285,214 232,707
CAPITAL AND RESERVES
Called up share capital 10 900 900
Profit and Loss Account 284,314 231,807
SHAREHOLDERS' FUNDS 285,214 232,707
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Simon Tai
Director
08/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
City Road Veterinary Centre Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08028506 . The registered office is Cityroad Veterinary Centre, City Road , Truro , Cornwall , TR1 2JL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. Revenue from services is recognised as they are delivered. 
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% RB
Computer Equipment 4 years SL
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2024: 19)
19 19
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 298,746
As at 31 March 2025 298,746
Amortisation
As at 1 April 2024 298,746
As at 31 March 2025 298,746
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 119,599
Additions 29,479
Disposals (5,601 )
As at 31 March 2025 143,477
Depreciation
As at 1 April 2024 78,897
Provided during the period 17,193
Disposals (5,332 )
As at 31 March 2025 90,758
Net Book Value
As at 31 March 2025 52,719
As at 1 April 2024 40,702
Page 4
Page 5
6. Stocks
2025 2024
£ £
Stock 29,025 40,974
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 20,410 15,052
Other debtors 4,556 3,594
24,966 18,646
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 1,540
Trade creditors 2,502 7,267
Other creditors 35,715 89,112
Taxation and social security 120,340 106,060
158,557 203,979
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 1,540
Later than one year and not later than five years - -
- 1,540
- 1,540
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 900 900
Page 5