Kingsclere Vets Limited

Registered number: 13799297

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		8,142		-
Tangible Assets	5		1,436,127		1,375,265

			1,444,269		1,375,265
CURRENT ASSETS
Debtors	6	132,680		48,496
Cash at bank and in hand		44,705		5,616

		177,385		54,112
Creditors: Amounts Falling Due Within One Year	7	(348,438 )		(177,908 )

NET CURRENT ASSETS (LIABILITIES)			(171,053 )		(123,796 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,273,216		1,251,469

Creditors: Amounts Falling Due After More Than One Year	8		(1,624,308 )		(1,420,302 )

NET LIABILITIES			(351,092 )		(168,833 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			(351,192 )		(168,933 )

SHAREHOLDERS' FUNDS			(351,092)		(168,833)

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Balance Sheet (continued)

As At 31 December 2024

For the 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 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

L Bland

Director

19/09/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Kingsclere Vets Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13799297 . The registered office is Coldridge House Kingsclere Park, Kingsclere, Newbury, RG20 4SW.

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are brand building costs. It is amortised to the profit and loss account over its estimated economic life of 5 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:

Leasehold	Accounted on a Fair Value basis (999 year lease)
Plant & Machinery	10 years straight line
Motor Vehicles	5 years straight line
Computer Equipment	3 years straight line

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2023: 1)

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Kingsclere Vets Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	-
Additions	9,245

As at 31 December 2024	9,245

Amortisation
As at 1 January 2024	-
Provided during the period	1,103

As at 31 December 2024	1,103

Net Book Value
As at 31 December 2024	8,142

As at 1 January 2024	-

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	747,065	627,217	-	4,743	1,379,025
Additions	-	105,582	42,665	5,185	153,432

As at 31 December 2024	747,065	732,799	42,665	9,928	1,532,457

Depreciation
As at 1 January 2024	-	3,505	-	255	3,760
Provided during the period	-	87,125	3,188	2,257	92,570

As at 31 December 2024	-	90,630	3,188	2,512	96,330

Net Book Value
As at 31 December 2024	747,065	642,169	39,477	7,416	1,436,127

As at 1 January 2024	747,065	623,712	-	4,488	1,375,265

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	112,229	5
Other debtors	20,451	48,491

	132,680	48,496

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Kingsclere Vets Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	84,999	15,494
Trade creditors	135,759	154,107
Bank loans and overdrafts	32,992	-
Other creditors	22,847	6,829
Taxation and social security	71,841	1,478

	348,438	177,908

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	90,994
Other loans	1,624,308	1,329,308

	1,624,308	1,420,302

9. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	84,999	15,494
Later than five years	-	90,994

	84,999	106,488

	84,999	106,488

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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