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Registration number: 13778325

Marches Farm Vets Ltd
Annual Report and Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 December 2024

Marches Farm Vets Ltd

Contents

Abridged Balance Sheet | 1 to 2
Notes to the Unaudited Abridged Financial Statements | 3 to 6

Marches Farm Vets Ltd

(Registration number: 13778325)
Abridged Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Intangible assets | 4 | 38,859 | 44,411
Tangible assets | 5 | 23,642 | 12,641
Other financial assets | 6 | 5,000 | 5,000
|  | 67,501 | 62,052
Current assets |  |  |
Stocks | 7 | 43,025 | 5,426
Debtors |  | 127,964 | 140,706
Cash at bank and in hand |  | 68,809 | 22,303
|  | 239,798 | 168,435
Creditors: Amounts falling due within one year | 8 | (141,781) | (111,314)
Net current assets |  | 98,017 | 57,121
Total assets less current liabilities |  | 165,518 | 119,173
Creditors: Amounts falling due after more than one year | 9 | (42,399) | (69,845)
Provisions for liabilities |  | (5,637) | (3,160)
Net assets |  | 117,482 | 46,168
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | 117,382 | 46,068
Total equity |  | 117,482 | 46,168

Marches Farm Vets Ltd

(Registration number: 13778325)
Abridged Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 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 of its accounts for the year in question in accordance with section 476; and
| The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 11 September 2025 and signed on its behalf by:

Mrs L G Morgan

Director

Miss E Postlethwaite

Director

Mr R Taylor

Director

Marches Farm Vets Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 4
Burnside Court
Brunel Road
Leominster
HR6 9UF

These financial statements were authorised for issue by the Board on 11 September 2025.

2 | Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Prior period errors

Incorect financial asset addition included within the accounts

| Relating to the current period disclosed in these financial statements £ | Relating to the prior period disclosed in these financial statements £ | Relating to periods before the prior period disclosed in these financial statements £
Investments overstated | - | 5,260 | -
Other debtors understated | - | 5,260 | -

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Marches Farm Vets Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 15% reducing balance
Plant and machinery | 25% reducing balance
Computers | 33% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10% straight line

Investments

Investments in equity shares where the fair value can be measured reliably are intially measured at fair value with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

Stocks

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 9).

Marches Farm Vets Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

4 | Intangible assets

| Total £
Cost or valuation
At 1 January 2024 | 55,515
At 31 December 2024 | 55,515
Amortisation
At 1 January 2024 | 11,104
Amortisation charge | 5,552
At 31 December 2024 | 16,656
Carrying amount
At 31 December 2024 | 38,859
At 31 December 2023 | 44,411

5 | Tangible assets

| Total £
Cost or valuation
At 1 January 2024 | 19,917
Additions | 19,684
At 31 December 2024 | 39,601
Depreciation
At 1 January 2024 | 7,276
Charge for the year | 8,683
At 31 December 2024 | 15,959
Carrying amount
At 31 December 2024 | 23,642
At 31 December 2023 | 12,641

6 | Other financial assets (current and non-current)

| Total £
Non-current financial assets
Cost or valuation
At 1 January 2024 | 5,000
At 31 December 2024 | 5,000
Carrying amount
At 31 December 2024 | 5,000

Marches Farm Vets Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

7 | Stocks

| 2024 £ | 2023 £
Stock | 43,025 | 5,426

8 | Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Current loans and borrowings
Bank borrowings | 29,400 | 29,700

9 | Creditors: amounts falling due after more than one year

| 2024 £ | 2023 £
Non-current loans and borrowings
Bank borrowings | 42,399 | 69,845

10 | Related party transactions

Advances to directors

Mr R Taylor During the period Mr R Taylor went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £1,337 (2023 - £3,870). At the year end the amount outstanding from Mr R Taylor was £904 (2023 - £1,337).