REGISTERED NUMBER: 04187179 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Croft Veterinary Centres Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr P C Eville

SECRETARY:

Mr P C Eville

REGISTERED OFFICE:

Unit 3 Sykes Retail Park

Bolsover

Derbyshire

S44 6DJ

REGISTERED NUMBER:

04187179 (England and Wales)

ACCOUNTANTS:

Langricks (Holmfirth) Limited

4 Greenfield Road

Holmfirth

West Yorkshire

HD9 2JT

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Croft Veterinary Centres Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Croft Veterinary Centres Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Croft Veterinary Centres Limited and state those matters that we have agreed to state to the director of Croft Veterinary Centres Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Croft Veterinary Centres Limited and its director for our work or for this report.

It is your duty to ensure that Croft Veterinary Centres Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Croft Veterinary Centres Limited. You consider that Croft Veterinary Centres Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Croft Veterinary Centres Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Langricks (Holmfirth) Limited

4 Greenfield Road

Holmfirth

West Yorkshire

HD9 2JT

18 December 2025

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

568,433

578,515

568,433

578,515

CURRENT ASSETS

Stocks

54,980

49,111

Debtors

6

74,664

73,607

Cash at bank and in hand

101,663

63,480

231,307

186,198

CREDITORS

Amounts falling due within one year

7

639,007

708,536

NET CURRENT LIABILITIES

(407,700

)

(522,338

)

TOTAL ASSETS LESS CURRENT LIABILITIES

160,733

56,177

CREDITORS

Amounts falling due after more than one year

8

(24,611

)

(42,643

)

PROVISIONS FOR LIABILITIES

(35,398

)

(52,752

)

NET ASSETS/(LIABILITIES)

100,724

(39,218

)

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

100,622

(39,320

)

100,724

(39,218

)

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 December 2025 and were signed by:

Mr P C Eville - Director

1.	STATUTORY INFORMATION

Croft Veterinary Centres Limited is a private company, limited by shares , registered in England and Wales. 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 2004, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

Straight line over 8 years

Plant and machinery

-

25% on reducing balance and Straight line over 8 years

Stocks

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

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to

the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 20 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

124,000

AMORTISATION

At 1 April 2024

and 31 March 2025

124,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Short

Plant and

leasehold

machinery

Totals

£

£

£

COST

At 1 April 2024

17,774

768,546

786,320

Additions

-

34,686

34,686

At 31 March 2025

17,774

803,232

821,006

DEPRECIATION

At 1 April 2024

2,737

205,068

207,805

Charge for year

995

43,773

44,768

At 31 March 2025

3,732

248,841

252,573

NET BOOK VALUE

At 31 March 2025

14,042

554,391

568,433

At 31 March 2024

15,037

563,478

578,515

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 April 2024

83,627

Transfer to ownership

(7,703

)

At 31 March 2025

75,924

DEPRECIATION

At 1 April 2024

20,115

Charge for year

5,423

Transfer to ownership

(1,479

)

At 31 March 2025

24,059

NET BOOK VALUE

At 31 March 2025

51,865

At 31 March 2024

63,512

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

23,764

17,140

Other debtors

50,900

56,467

74,664

73,607

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

19,000

19,000

Hire purchase contracts (see note 9)

17,087

32,189

Trade creditors

110,223

99,947

Taxation and social security

42,577

87,679

Other creditors

450,120

469,721

639,007

708,536

Obligations under finance lease and hire purchase contracts are secured against the relevant assets.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

3,167

22,167

Hire purchase contracts (see note 9)

3,389

20,476

Other creditors

18,055

-

24,611

42,643

The net obligations under finance leases and hire purchase contracts are secured against the relevant assets.

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

17,087

32,189

Between one and five years

3,389

20,476

20,476

52,665

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

28,806

28,806

Between one and five years

106,884

109,159

In more than five years

159,190

185,721

294,880

323,686

10.	FINANCIAL INSTRUMENTS

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

11.	RELATED PARTY DISCLOSURES

During the year the company was related to the Director. As at 31st March 2025, the company owes the Director £364,016 (2024: £348,392), and this is included within creditors.

During the year the company was related to the parent company. As at 31st March 2025, the company owes the parent company £67,000 (2024: £85,000), and this is included within creditors.

12.	ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Eville Investments Limited, and is under the control of Mr P C Eville.