Registration number: 09534459

Milton Keynes Veterinary Group Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 6

Milton Keynes Veterinary Group Limited

(Registration number: 09534459)
Abridged Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	479,284	559,164
Tangible assets	5	474,291	527,725
		953,575	1,086,889
Current assets
Stocks		119,371	139,982
Debtors		157,313	159,544
Cash at bank and in hand		647,163	717,686
		923,847	1,017,212
Creditors: Amounts falling due within one year		(682,607)	(636,497)
Net current assets		241,240	380,715
Total assets less current liabilities		1,194,815	1,467,604
Provisions for liabilities		(66,734)	(70,844)
Net assets		1,128,081	1,396,760
Capital and reserves
Called up share capital		375	375
Capital redemption reserve		75	75
Profit and loss account		1,127,631	1,396,310
Total equity		1,128,081	1,396,760

Milton Keynes Veterinary Group Limited

(Registration number: 09534459)
Abridged Balance Sheet as at 30 June 2025

For the financial year ending 30 June 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 26 November 2025 and signed on its behalf by:
 

Ms D A Kilkenny

Director

Mr P D Hanlon

Director

Mr R A B Burke

Director

Mr A Cilliers

Director

Mrs V L Roberts

Director

Milton Keynes Veterinary Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 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:
Walnut Tree Local Centre
Fyfield Barrow
Walnut Tree
Milton Keynes
Buckinghamshire
MK7 7AN

These financial statements were authorised for issue by the Board on 26 November 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.

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.

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	Over length of lease
Plant and machinery	15% straight line
Office equipment	33% straight line
Fixtures and fittings	15% straight line

Milton Keynes Veterinary Group Limited

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

Motor vehicles

15% reducing balance

Intangible assets

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

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 82 (2024 - 78).

4	Intangible assets

	Total £
Cost or valuation
At 1 July 2024	798,804
At 30 June 2025	798,804
Amortisation
At 1 July 2024	239,640
Amortisation charge	79,880
At 30 June 2025	319,520
Carrying amount
At 30 June 2025	479,284
At 30 June 2024	559,164

Milton Keynes Veterinary Group Limited

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

5	Tangible assets

	Total £
Cost or valuation
At 1 July 2024	854,749
Additions	53,082
Disposals	(21,843)
At 30 June 2025	885,988
Depreciation
At 1 July 2024	327,023
Charge for the year	85,022
Eliminated on disposal	(348)
At 30 June 2025	411,697
Carrying amount
At 30 June 2025	474,291
At 30 June 2024	527,725

6	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 £2,093,572 (2024 - £2,227,647).

7	Related party transactions

Advances to directors

Mr P D Hanlon During the period Mr P D Hanlon went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £5,041 (2024 - £6,501). At the year end the amount outstanding from Mr P D Hanlon was £Nil (2024 - £-). Interest has been charged at the commercial rate.

Mr A Cilliers During the period Mr A Cilliers went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £6,391 (2024 - £909). At the year end the amount outstanding from Mr A Cilliers was £Nil (2024 - £-). Interest has been charged at the commercial rate.

Milton Keynes Veterinary Group Limited

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

Mr R A B Burke During the period Mr R A B Burke went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £3,966 (2024 - £909). At the year end the amount outstanding from Mr R A B Burke was £Nil (2024 - £-). Interest has been charged at the commercial rate.

Ms D A Kilkenny During the period Ms D A Kilkenny went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £1,917 (2024 - £1,324). At the year end the amount outstanding from Ms D A Kilkenny was £Nil (2024 - £-). Interest has been charged at the commercial rate.