Northwich Vets Limited - Filleted accounts

Registered number

11998900

Northwich Vets Limited

Filleted Accounts

30 June 2025

Northwich Vets Limited
Registered number:		11998900
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		176,400			189,000
Tangible assets	4		53,182			60,685
			229,582			249,685

Current assets
Stocks		33,003			30,003
Debtors	5	60,255			117,351
Cash at bank and in hand		343,524			434,030
		436,782			581,384

Creditors: amounts falling due within one year	6	(154,236)			(267,230)

Net current assets			282,546			314,154

Total assets less current liabilities			512,128			563,839


Provisions for liabilities			(2,101)			(3,200)


Net assets			510,027			560,639

Capital and reserves
Called up share capital			100			100
Profit and loss account			509,927			560,539

Shareholder's funds			510,027			560,639

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr P Murphy
Director
Approved by the board on 10 October 2025

Northwich Vets Limited
Notes to the Accounts
for the year ended 30 June 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Goodwill	5% straight line

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings	9% straight line
	Plant and machinery	20% reducing balance
	Fixtures, fittings, tools and equipment	20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			31		29


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 July 2024					252,000
	At 30 June 2025					252,000

	Amortisation
	At 1 July 2024					63,000
	Provided during the year					12,600
	At 30 June 2025					75,600

	Net book value
	At 30 June 2025					176,400
	At 30 June 2024					189,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 July 2024	78,749		110,443		189,192
	Additions	-		2,348		2,348
	At 30 June 2025	78,749		112,791		191,540

	Depreciation
	At 1 July 2024	29,539		98,968		128,507
	Charge for the year	7,087		2,764		9,851
	At 30 June 2025	36,626		101,732		138,358

	Net book value
	At 30 June 2025	42,123		11,059		53,182
	At 30 June 2024	49,210		11,475		60,685


5	Debtors			2025		2024
£					£

	Trade debtors			23,692		75,306
	Other debtors			36,563		42,045
				60,255		117,351


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			57,836		65,810
	Taxation and social security costs			87,781		137,342
	Other creditors			8,619		64,078
				154,236		267,230


7	Related party transactions			2025		2024
	Directors' Loan Account			£	£

	The direcotr is a related party to the company. At 30th June, the company owed the related party the following short term, interest free, unsecured loan which is repayable upon demand.




	Amount due to / (from) the related party			4,419		56,836


8	Controlling party

	The directors is the ultimate controlling party by virtue of his 100% ownership in issued share capital.


9	Other information

	Northwich Vets Limited is a private company limited by shares and incorporated in England. Its registered office is:
	469 Manchester Road
	Lostock Gralam
	Northwich
	CW9 7QB