Deborah Wragg Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07649354

Deborah Wragg Ltd

Filleted Unaudited Financial Statements

31 July 2025

Deborah Wragg Ltd

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	7		1,346,312	1,371,071

Current assets

Stocks		106,439	94,051
Debtors	8	259,315	207,197
Cash at bank and in hand		57,500	45,739
		---------	---------
		423,254	346,987

Creditors: amounts falling due within one year	9	370,166		313,171
		---------		---------
Net current assets			53,088	33,816
			------------	------------
Total assets less current liabilities			1,399,400	1,404,887

Creditors: amounts falling due after more than one year	10		1,000,000	1,049,722

Provisions

Taxation including deferred tax	58,200	44,403
	------------	------------
Net assets	341,200	310,762
	------------	------------

Deborah Wragg Ltd

Statement of Financial Position (continued)

31 July 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	341,100	310,662
	---------	---------
Shareholder funds	341,200	310,762
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 8 October 2025 , and are signed on behalf of the board by:

Miss D Wragg
Director

Company registration number: 07649354

Deborah Wragg Ltd

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Hope Veterinary Surgery, Sherbourne Close, Newstead Industrial Estate, Stoke on Trent, Staffordshire, ST4 8ZJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property	-	2% straight line
Medical equipment	-	25% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor Vehicles	-	25% reducing balance

	Office equipment	-	33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 43 (2024: 40 ).

5. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	50,000	65,000
	--------	--------

6. Intangible assets

	Goodwill
	£
Cost
At 1 August 2024 and 31 July 2025	214,552
	---------
Amortisation
At 1 August 2024 and 31 July 2025	214,552
	---------
Carrying amount
At 31 July 2025	–
	---------
At 31 July 2024	–
	---------

7. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Aug 2024	1,465,472	226,819	63,628	3,020	9,943	1,768,882
Additions	–	12,450	3,100	–	5,345	20,895
Disposals	–	( 47,184)	( 16,401)	( 3,020)	( 6,845)	( 73,450)
	------------	---------	--------	-------	-------	------------
At 31 Jul 2025	1,465,472	192,085	50,327	–	8,443	1,716,327
	------------	---------	--------	-------	-------	------------
Depreciation
At 1 Aug 2024	167,993	176,379	41,679	2,550	9,210	397,811
Charge for the year	24,098	13,071	4,540	–	818	42,527
Disposals	–	( 45,916)	( 15,013)	( 2,550)	( 6,844)	( 70,323)
	------------	---------	--------	-------	-------	------------
At 31 Jul 2025	192,091	143,534	31,206	–	3,184	370,015
	------------	---------	--------	-------	-------	------------
Carrying amount
At 31 Jul 2025	1,273,381	48,551	19,121	–	5,259	1,346,312
	------------	---------	--------	-------	-------	------------
At 31 Jul 2024	1,297,479	50,440	21,949	470	733	1,371,071
	------------	---------	--------	-------	-------	------------

8. Debtors

	2025	2024
	£	£
Trade debtors	72,802	80,923
Other debtors	186,513	126,274
	---------	---------
	259,315	207,197
	---------	---------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Other debtors	11,249	11,249
	--------	--------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	66,843	55,666
Trade creditors	94,889	97,915
Corporation tax	56,321	13,061
Social security and other taxes	89,388	111,743
Other creditors	62,725	34,786
	---------	---------
	370,166	313,171
	---------	---------

Barcla's bank borrowings are secured by fixed and floating charges over the company's assets.

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,000,000	1,049,722
	------------	------------

Included within creditors: amounts falling due after more than one year is an amount of £725,000 (2024: £786,044) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The two bank loans were re financed during the year one loan replacing the two loans, the new loan of over 13 years at a reduced interest rate.

Bank borrowings are secured by fixed and floating charges over the company's assets.

11. Charges on assets

Barclays bank borrowings are secured by a charges over the company's fixed and current assets.

12. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Miss D Wragg	83,331	87,676	( 56,731)	114,276
	--------	--------	--------	---------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Miss D Wragg	63,501	105,925	( 86,095)	83,331
	--------	---------	--------	--------

13. Related party transactions

The company was under the control of Miss D Wragg throughout the current period. The balance on the director's loan account is interest free and repayable on demand. A dividend of £50,0000 was paid to the director during the year. The director has given a guarantee in the sum of £240,000 to Barclay's Bank PLC.