Registration number: 09731215

North West Equine Vets Ltd

Contents

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

North West Equine Vets Ltd

(Registration number: 09731215)
Abridged Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	46,006	75,850
Tangible assets	5	216,398	192,929
Other financial assets		10,000	10,000
		272,404	278,779
Current assets
Stocks		93,980	91,227
Debtors		312,782	217,694
Cash at bank and in hand		66,795	34,631
		473,557	343,552
Creditors: Amounts falling due within one year	6	(364,392)	(490,013)
Net current assets/(liabilities)		109,165	(146,461)
Total assets less current liabilities		381,569	132,318
Creditors: Amounts falling due after more than one year	7	(308,972)	(69,791)
Provisions for liabilities		(50,390)	(38,464)
Net assets		22,207	24,063
Capital and reserves
Called up share capital		600	600
Profit and loss account		21,607	23,463
Total equity		22,207	24,063

North West Equine Vets Ltd

(Registration number: 09731215)
Abridged Balance Sheet as at 31 January 2025

For the financial year ending 31 January 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 22 September 2025 and signed on its behalf by:
 

Mr P Smith

Director

Mrs L Wilson

Director

Mr R J Knight

Director

Mrs C H Speakman

Director

North West Equine Vets Ltd

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

1	General information

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

The address of its registered office is:
The Equine Clinic
Rathmell
Settle
North Yorkshire
BD24 0LA

These financial statements were authorised for issue by the Board on 22 September 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.

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
Motor Vehicles	25% Reducing balance
Plant and Machinery	20% Reducing balance
Leasehold Improvements	15% Reducing balance

North West Equine Vets Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 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	10% Straight line

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 30 (2024 - 30).

4	Intangible assets

	Total £
Cost or valuation
At 1 February 2024	298,441
At 31 January 2025	298,441
Amortisation
At 1 February 2024	222,591
Amortisation charge	29,844
At 31 January 2025	252,435
Carrying amount
At 31 January 2025	46,006
At 31 January 2024	75,850

North West Equine Vets Ltd

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

5	Tangible assets

	Total £
Cost or valuation
At 1 February 2024	541,023
Additions	114,143
Disposals	(57,025)
At 31 January 2025	598,141
Depreciation
At 1 February 2024	348,094
Charge for the year	59,906
Eliminated on disposal	(26,257)
At 31 January 2025	381,743
Carrying amount
At 31 January 2025	216,398
At 31 January 2024	192,929

6	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 of £117,378 (2024 - £115,010).

7	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 £121,514 (2024 - £69,791).

Creditors include bank loans repayable by instalments of £187,458 (2024 - £nil) due after more than five years.

North West Equine Vets Ltd

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

8	Related party transactions

Advances to directors

Mr P Smith During the period Mr P Smith went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £1,975 (2024 - £22,777). At the year end the amount outstanding from Mr P Smith was £Nil (2024 - £-). Interest has been charged at the commercial rate.

Mrs C H Speakman During the period Mrs C H Speakman went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £15,084 (2024 - £Nil). At the year end the amount outstanding from Mrs C H Speakman was £5,774 (2024 - £-). Interest has been charged at the commercial rate.

Mrs J A King During the period Mrs J A King went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £34,694 (2024 - £Nil). At the year end the amount outstanding from Mrs J A King was £Nil (2024 - £-). Interest has been charged at the commercial rate.