Registration number: 06497266

Shropshire Farm Vets Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 7

Shropshire Farm Vets Limited

(Registration number: 06497266)
Abridged Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	300	600
Tangible assets	5	379,949	371,282
Other financial assets	6	10,000	10,000
		390,249	381,882
Current assets
Stocks		107,425	126,068
Debtors		593,910	620,712
Cash at bank and in hand		117,299	179,132
		818,634	925,912
Creditors: Amounts falling due within one year	7	(638,659)	(501,939)
Net current assets		179,975	423,973
Total assets less current liabilities		570,224	805,855
Creditors: Amounts falling due after more than one year	8	(109,474)	(131,264)
Provisions for liabilities		(80,608)	(80,208)
Net assets		380,142	594,383
Capital and reserves
Called up share capital		60	60
Profit and loss account		380,082	594,323
Total equity		380,142	594,383

Shropshire Farm Vets Limited

(Registration number: 06497266)
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 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 23 December 2025 and signed on its behalf by:
 

Mr AM Macpherson

Director

Mr TA O'Sullivan

Director

Shropshire Farm Vets 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 and Wales.

The address of its registered office is:
Unit 3
The Depot
Hanwood
Shrewsbury
Shropshire
SY5 8NY

These financial statements were authorised for issue by the Board on 23 December 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.

Shropshire Farm Vets Limited

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

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
Leasehold improvements	4% straight line
Furniture, fittings and equipment	25% reducing balance
Motor vehicles	25% reducing balance
Office equipment	33% straight line

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

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 34 (2024 - 37).

Shropshire Farm Vets Limited

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

4	Intangible assets

	Total £
Cost or valuation
At 1 April 2024	659,298
At 31 March 2025	659,298
Amortisation
At 1 April 2024	658,698
Amortisation charge	300
At 31 March 2025	658,998
Carrying amount
At 31 March 2025	300
At 31 March 2024	600

Shropshire Farm Vets 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	1,200,861
Additions	158,944
Disposals	(115,872)
At 31 March 2025	1,243,933
Depreciation
At 1 April 2024	829,578
Charge for the year	122,637
Eliminated on disposal	(88,231)
At 31 March 2025	863,984
Carrying amount
At 31 March 2025	379,949
At 31 March 2024	371,282

6	Other financial assets (current and non-current)

	Total £
Non-current financial assets
Cost or valuation
At 1 April 2024	10,000
At 31 March 2025	10,000
Carrying amount
At 31 March 2025	10,000

7	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 £55,151 (2022 - £34,850).

8	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 £133,199 (2022 - £65,525).

Shropshire Farm Vets Limited

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

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2024 - £24,678).