Registration number: 09524562

Drove Farm Vets Limited

Contents

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

Drove Farm Vets Limited

(Registration number: 09524562)
Abridged Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	210,513	230,450
Tangible assets	5	246,199	259,048
Other financial assets	6	10,000	10,000
		466,712	499,498
Current assets
Stocks		45,174	41,083
Debtors		266,042	286,319
Cash at bank and in hand		342,606	1,273,300
		653,822	1,600,702
Creditors: Amounts falling due within one year		(343,677)	(804,168)
Net current assets		310,145	796,534
Total assets less current liabilities		776,857	1,296,032
Provisions for liabilities		(47,857)	(48,833)
Net assets		729,000	1,247,199
Capital and reserves
Called up share capital		80	100
Capital redemption reserve		20	-
Profit and loss account		728,900	1,247,099
Total equity		729,000	1,247,199

For the financial year ending 30 June 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 10 October 2025 and signed on its behalf by:
 

Mr C Price

Director

Drove Farm Vets Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 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:
The Upper Courtyard
The Old Dairy
Babury
Swindon
SN4 0EU

These financial statements were authorised for issue by the Board on 10 October 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 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
Short leasehold property	Across the term of the lease
Motor vehicles	25% reducing balance
Plant and machinery	10% reducing balance
Fixtures and fittings	10% reducing balance
Office equipment	10% reducing balance

Drove Farm Vets Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

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% 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 directors) during the year, was 14 (2024 - 13).

4	Intangible assets

	Total £
Cost or valuation
At 1 July 2024	398,747
At 30 June 2025	398,747
Amortisation
At 1 July 2024	168,297
Amortisation charge	19,937
At 30 June 2025	188,234
Carrying amount
At 30 June 2025	210,513
At 30 June 2024	230,450

Drove Farm Vets Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

5	Tangible assets

	Total £
Cost or valuation
At 1 July 2024	360,237
Additions	30,959
At 30 June 2025	391,196
Depreciation
At 1 July 2024	101,189
Charge for the year	43,808
At 30 June 2025	144,997
Carrying amount
At 30 June 2025	246,199
At 30 June 2024	259,048

6	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 July 2024	10,000	10,000
At 30 June 2025	10,000	10,000
Carrying amount
At 30 June 2025	10,000	10,000

7	Related party transactions

Advances to directors

Mrs K Brodie During the period Mrs K Brodie went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £8,602 (2024 - £Nil). At the year end the amount outstanding from Mrs K Brodie was £Nil (2024 - £-).

Mr C Price During the period Mr C Price went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £6,629 (2024 - £Nil). At the year end the amount outstanding from Mr C Price was £Nil (2024 - £-).