West Ridge Veterinary Practice Limited

Contents

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

West Ridge Veterinary Practice Limited

(Registration number: 04689293)
Abridged Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	598,971	539,970
Investment property		426,718	426,718
Other financial assets	5	515	515
		1,026,204	967,203
Current assets
Stocks	6	154,846	153,283
Debtors		930,397	949,943
Cash at bank and in hand		1,905	73,980
		1,087,148	1,177,206
Creditors: Amounts falling due within one year	7	(607,571)	(589,516)
Net current assets		479,577	587,690
Total assets less current liabilities		1,505,781	1,554,893
Creditors: Amounts falling due after more than one year	8	(164,869)	(242,674)
Provisions for liabilities		(118,774)	(111,703)
Net assets		1,222,138	1,200,516
Capital and reserves
Called up share capital		2	2
Profit and loss account		1,222,136	1,200,514
Total equity		1,222,138	1,200,516

West Ridge Veterinary Practice Limited

(Registration number: 04689293)
Abridged Balance Sheet as at 31 May 2025

For the financial year ending 31 May 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 of its accounts for the year in question in accordance with section 476; and
	The director acknowledges his 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 Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 27 August 2025
 

Mr R Sibley

Director

West Ridge Veterinary Practice Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

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:
5 Chapple Road
Witheridge
Tiverton
Devon
EX16 8AS

These financial statements were authorised for issue by the director on 27 August 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.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

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.

Tangible assets

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

West Ridge Veterinary Practice Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

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
Leasehold property	10% straight line
Motor vehicles	15% reducing balance
Fixtures and fittings	15% reducing balance
Plant and machinery	15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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	5-10% straight line

Stocks

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

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 36 (2024 - 34).

West Ridge Veterinary Practice Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

4	Tangible assets

	Total £
Cost or valuation
At 1 June 2024	1,128,279
Additions	154,584
Disposals	(9,995)
At 31 May 2025	1,272,868
Depreciation
At 1 June 2024	588,310
Charge for the year	86,837
Eliminated on disposal	(1,250)
At 31 May 2025	673,897
Carrying amount
At 31 May 2025	598,971
At 31 May 2024	539,970

Included within the net book value of land and buildings above is £39,800 (2024 - £Nil) in respect of freehold land and buildings and £77,856 (2024 - £88,467) in respect of long leasehold land and buildings.
 

Investment properties

	2025 £
At 1 June	426,718

There has been no valuation of investment property by an independent valuer.

5	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 June 2024	515	515
At 31 May 2025	515	515
Carrying amount
At 31 May 2025	515	515

West Ridge Veterinary Practice Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

6

Stocks

	2025 £	2024 £
Stock	154,846	153,283

7	Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured £118,986 (2024 - £128,330).

8	Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £242,674 (2023 - £483,245).

Creditors include bank loans repayable by instalments of £Nil (2023 - £157,139) due after more than five years.

9	Related party transactions

Advances to directors

Mr R Sibley During the period Mr R Sibley went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £461,909 (2024 - £335,585). At the year end the amount outstanding from Mr R Sibley was £401,309 (2024 - £Nil). Interest has been charged at the commercial rate.