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Registration number: 05412181

The Downs Veterinary Practice Limited
Annual Report and Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 March 2025

The Downs Veterinary Practice Limited

Contents

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

The Downs Veterinary Practice Limited

(Registration number: 05412181)
Abridged Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | - | 9,966
Tangible assets | 5 | 141,784 | 162,474
|  | 141,784 | 172,440
Current assets |  |  |
Stocks |  | 23,073 | 8,019
Debtors |  | 249,391 | 237,135
Cash at bank and in hand |  | 57,130 | 116,758
|  | 329,594 | 361,912
Creditors: Amounts falling due within one year | 6 | (262,917) | (249,224)
Net current assets |  | 66,677 | 112,688
Total assets less current liabilities |  | 208,461 | 285,128
Creditors: Amounts falling due after more than one year | 7 | (88,093) | (118,358)
Provisions for liabilities |  | (31,170) | (36,306)
Net assets |  | 89,198 | 130,464
Capital and reserves |  |  |
Called up share capital |  | 102 | 102
Profit and loss account |  | 89,096 | 130,362
Total equity |  | 89,198 | 130,464

The Downs Veterinary Practice Limited

(Registration number: 05412181)
Abridged Balance Sheet as at 31 March 2025

For the financial year ending 31 March 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 director acknowledges his 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 director on 21 November 2025

Mr D Bush

Director

The Downs Veterinary Practice Limited

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

1 | General information

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

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the director on 21 November 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
Long leasehold property | 2% Straight line
Plant and machinery | 20% Reducing balance
Fixtures and fittings | 20% Reducing balance
Office equipment | 33% Straight line

The Downs Veterinary Practice Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 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

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 20 (2024 - 23).

4 | Intangible assets

| Total £
Cost or valuation
At 1 April 2024 | 199,325
At 31 March 2025 | 199,325
Amortisation
At 1 April 2024 | 189,359
Amortisation charge | 9,966
At 31 March 2025 | 199,325
Carrying amount
At 31 March 2025 | -
At 31 March 2024 | 9,966

The Downs Veterinary Practice Limited

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

5 | Tangible assets

| Total £
Cost or valuation
At 1 April 2024 | 562,003
Additions | 12,066
Disposals | (1,167)
At 31 March 2025 | 572,902
Depreciation
At 1 April 2024 | 399,529
Charge for the year | 32,649
Eliminated on disposal | (1,060)
At 31 March 2025 | 431,118
Carrying amount
At 31 March 2025 | 141,784
At 31 March 2024 | 162,474

6 | Creditors: amounts falling due within one year

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £30,314 (2024 - £31,900). The leases have been secured against the assets to which they relate (fixed charge).

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

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £88,094 (2024 - £118,358). The leases have been secured against the assets to which they relate (fixed charge).

The Downs Veterinary Practice Limited

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

8 | Related party transactions

Advances to directors

Mr D Bush During the period Mr D Bush went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £133,994 (2024 - £130,156). At the year end the amount outstanding from Mr D Bush was £132,901 (2024 - £61,935). Interest has been charged at the HMRC official rate.