VICARAGE VETERINARY CENTRE LIMITED


Directors	CHARNOCK, Jasmine Lily Marina
	SACKX, Annick Irma, Dr


Registered Address	52 Church Road
	Saxilby
	Lincoln
	LN1 2HJ


Registered Number	07135271 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		35,593		42,712
Tangible assets	4		77,000		58,147
			112,593		100,859
Current assets
Stocks	5	37,226		33,440
Debtors	6	21,393		22,327
Cash at bank and on hand		45,619		139,553
		104,238		195,320
Creditors amounts falling due within one year	7	(99,164)		(125,542)
Net current assets (liabilities)			5,074		69,778
Total assets less current liabilities			117,667		170,637
Provisions for liabilities	8		(14,630)		(11,339)
Net assets			103,037		159,298
Capital and reserves
Called up share capital			2		2
Profit and loss account			103,035		159,296
Shareholders' funds			103,037		159,298

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 24 December 2025, and are signed on its behalf by:

CHARNOCK, Jasmine Lily Marina
Director
Registered Company No. 07135271

VICARAGE VETERINARY CENTRE LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

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

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

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

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	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.

Deferred tax

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.

	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 and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	15

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	18		16

3.	Intangible assets
	Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life of 20 years. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	142,370	142,370
At 31 March 25	142,370	142,370
Amortisation and impairment
At 01 April 24	99,658	99,658
Charge for year	7,119	7,119
At 31 March 25	106,777	106,777
Net book value
At 31 March 25	35,593	35,593
At 31 March 24	42,712	42,712

4.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
At 01 April 24	140,944	140,944
Additions	30,762	30,762
At 31 March 25	171,706	171,706
Depreciation and impairment
At 01 April 24	82,797	82,797
Charge for year	11,909	11,909
At 31 March 25	94,706	94,706
Net book value
At 31 March 25	77,000	77,000
At 31 March 24	58,147	58,147

5.	Stocks

	2025	2024
	£	£
Finished goods	37,226	33,440
Total	37,226	33,440

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	18,849	20,391
Prepayments and accrued income	2,544	1,936
Total	21,393	22,327

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	22,967	35,169
Taxation and social security	42,964	59,844
Other creditors	30,473	27,769
Accrued liabilities and deferred income	2,760	2,760
Total	99,164	125,542


	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.

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	14,630	11,339
Total	14,630	11,339

9.	Related party transactions
	At balance sheet date balance of Director Loan Account is £27,316 (2024: £25,091).