SIRRAM VETERINARY SERVICES LIMITED - Accounts to registrar (filleted)

REGISTERED NUMBER: SC468122 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

SIRRAM VETERINARY SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Macleod

S F McNeil

SECRETARY:

R Macleod

REGISTERED OFFICE:

Claire Webster

21 Russell Street

Wishaw

ML2 7AL

REGISTERED NUMBER:

SC468122 (Scotland)

ACCOUNTANTS:

Bentleys Accounting Limited

5 Hazelgrove Road

Haywards Heath

West Sussex

RH16 3PH

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

168,663

179,268

168,663

179,268

CURRENT ASSETS

Stocks

11,570

15,661

Debtors

6

157,068

92,340

Cash at bank

45,337

42,324

213,975

150,325

CREDITORS

Amounts falling due within one year

7

82,386

59,429

NET CURRENT ASSETS

131,589

90,896

TOTAL ASSETS LESS CURRENT
LIABILITIES

300,252

270,164

PROVISIONS FOR LIABILITIES

5,433

6,517

NET ASSETS

294,819

263,647

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

294,719

263,547

294,819

263,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:

R Macleod - Director

1.	STATUTORY INFORMATION

SIRRAM VETERINARY SERVICES LIMITED is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

15% on reducing balance

Plant and machinery

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

293,198

AMORTISATION

At 1 April 2024

and 31 March 2025

293,198

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Computer

property

machinery

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

118,020

100,029

79,728

2,222

299,999

DEPRECIATION

At 1 April 2024

-

66,016

53,659

1,056

120,731

Charge for year

-

5,101

5,213

291

10,605

At 31 March 2025

-

71,117

58,872

1,347

131,336

NET BOOK VALUE

At 31 March 2025

118,020

28,912

20,856

875

168,663

At 31 March 2024

118,020

34,013

26,069

1,166

179,268

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

-

1,970

Other debtors

157,068

90,370

157,068

92,340

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

30,619

29,697

Tax

9,717

805

Social security and other taxes

6,538

3,007

VAT

29,587

21,866

Other creditors

1,225

1,704

Accrued expenses

4,700

2,350

82,386

59,429

8.	RELATED PARTY DISCLOSURES

As at 31st March 2025 under 'other debtors' is a debt owed to the company of £ 157,068 (2024: £90,370) from Macleod and McNeil Ltd a company that the directors has an interest in .