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Registration number: SC340215

Hatston Veterinary Centre Limited
Annual Report and Unaudited Filleted Abridged Financial Statements
for the Year Ended 28 February 2025

Hatston Veterinary Centre Limited

Contents

Abridged Balance Sheet | 1 to 2
Notes to the Unaudited Abridged Financial Statements | 3 to 4

Hatston Veterinary Centre Limited

(Registration number: SC340215)
Abridged Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 763,420 | 800,149
Current assets |  |  |
Stocks |  | 48,771 | 65,876
Debtors |  | 82,548 | 84,869
Cash at bank and in hand |  | 246,058 | 125,766
|  | 377,377 | 276,511
Creditors: Amounts falling due within one year | 5 | (181,985) | (185,311)
Net current assets |  | 195,392 | 91,200
Total assets less current liabilities |  | 958,812 | 891,349
Creditors: Amounts falling due after more than one year | 6 | (421,966) | (424,780)
Provisions for liabilities |  | (28,348) | (33,017)
Net assets |  | 508,498 | 433,552
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Profit and loss account |  | 508,496 | 433,550
Total equity |  | 508,498 | 433,552

Hatston Veterinary Centre Limited

(Registration number: SC340215)
Abridged Balance Sheet as at 28 February 2025

For the financial year ending 28 February 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 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 2 October 2025 and signed on its behalf by:

K Carmichael

Director

J D Davidson

Director

M Sinclair

Director

Hatston Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Flett & Carmichael
Unit 1 Garrison Road
Hatston Industrial Estate
Kirkwall
KW15 1GN

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 VAT, 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 income 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.

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
Freehold buildings | 2% straight line
Motor vehicles | 25% reducing balance
Fixtures and equipment | 15% reducing balance

Stocks

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

Hatston Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 22 (2024 - 22).

4 | Tangible assets

| Total £
Cost or valuation
At 1 March 2024 | 980,228
Additions | 1,695
Disposals | (16,340)
At 28 February 2025 | 965,583
Depreciation
At 1 March 2024 | 180,079
Charge for the year | 31,531
Eliminated on disposal | (9,447)
At 28 February 2025 | 202,163
Carrying amount
At 28 February 2025 | 763,420
At 29 February 2024 | 800,149

5 | Creditors: amounts falling due within one year

Creditors include bank loans which are secured of £10,200 (2024 - £17,600).

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

Creditors include bank loans which are secured of £421,966 (2024 - £424,780).

Creditors due after more than five years includes bank loans of £381,166 (2024- £354,380).