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Registration number: 09480079

Vale Veterinary Group (LA) Ltd
Annual Report and Unaudited Filleted Abridged Financial Statements
for the Year Ended 30 April 2025

Vale Veterinary Group (LA) Ltd

Contents

Abridged Balance Sheet | 1 to 2
Notes to the Unaudited Abridged Financial Statements | 3 to 5

Vale Veterinary Group (LA) Ltd

(Registration number: 09480079)
Abridged Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 4,555 | 7,811
Tangible assets | 5 | 234,489 | 236,135
|  | 239,044 | 243,946
Current assets |  |  |
Stocks | 6 | 27,900 | 30,285
Debtors |  | 885,078 | 996,180
Cash at bank and in hand |  | 176,390 | 162,372
|  | 1,089,368 | 1,188,837
Creditors: Amounts falling due within one year | 7 | (926,334) | (893,795)
Net current assets |  | 163,034 | 295,042
Total assets less current liabilities |  | 402,078 | 538,988
Creditors: Amounts falling due after more than one year | 7 | (56,748) | (126,521)
Provisions for liabilities |  | (46,334) | (52,398)
Net assets |  | 298,996 | 360,069
Capital and reserves |  |  |
Called up share capital |  | 500 | 500
Capital redemption reserve |  | 100 | 100
Profit and loss account |  | 298,396 | 359,469
Total equity |  | 298,996 | 360,069

For the financial year ending 30 April 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.

Vale Veterinary Group (LA) Ltd

(Registration number: 09480079)
Abridged Balance Sheet as at 30 April 2025

Approved and authorised by the Board on 19 December 2025 and signed on its behalf by:

Mr J T Dainton

Director

Mr A W M Benson

Director

Mr J D Findlay

Director

Mr D Leyman

Director

Ms E Kenny

Director

Ms F Newman

Director

Miss F Boothby

Director

Vale Veterinary Group (LA) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
College Road
Cullompton
Devon
EX15 1TG

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 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.

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
Motor vehicles | 25% reducing balance
Plant and machinery | 25% reducing balance

Vale Veterinary Group (LA) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

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 | 5% straight line

Stocks

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

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 7).

4 | Intangible assets

| Total £
Cost or valuation
At 1 May 2024 | 65,109
At 30 April 2025 | 65,109
Amortisation
At 1 May 2024 | 57,298
Amortisation charge | 3,256
At 30 April 2025 | 60,554
Carrying amount
At 30 April 2025 | 4,555
At 30 April 2024 | 7,811

Vale Veterinary Group (LA) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

5 | Tangible assets

| Total £
Cost or valuation
At 1 May 2024 | 548,607
Additions | 115,016
Disposals | (109,385)
At 30 April 2025 | 554,238
Depreciation
At 1 May 2024 | 312,472
Charge for the year | 77,998
Eliminated on disposal | (70,721)
At 30 April 2025 | 319,749
Carrying amount
At 30 April 2025 | 234,489
At 30 April 2024 | 236,135

6 | Stocks

| 2025 £ | 2024 £
Stock | 27,900 | 30,285

7 | Creditors

Other borrowings

The carrying amount of hire purchases at year end is £99,630 (2024 - £152,281). The hire purchases are secured against the related plant and machinery (fixed charge).

8 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of guarantees not included in the balance sheet is £1,732,973 (2024 - £1,920,621). Vale Veterinary Group (LA) Ltd has entered into a guarantee agreement with the bank to guarantee the payment of any loans provided to Vale Veterinary Group (SA) Limited and Vale Services (Devon) LLP. As part of this agreement any positive bank account balances that the company has with the bank has been provided as security.