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Registration number: 9578225

387 Veterinary Centre Limited
Annual Report and Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 May 2025

387 Veterinary Centre Limited

Contents

Abridged Balance Sheet | 1 to 2
Notes to the Unaudited Abridged Financial Statements | 3 to 4

387 Veterinary Centre Limited

(Registration number: 9578225)
Abridged Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 258,185 | 154,177
Current assets |  |  |
Stocks | 5 | 40,739 | 42,482
Debtors |  | 243,667 | 842,825
Cash at bank and in hand |  | 183,401 | 162,552
|  | 467,807 | 1,047,859
Creditors: Amounts falling due within one year |  | (260,446) | (292,766)
Net current assets |  | 207,361 | 755,093
Total assets less current liabilities |  | 465,546 | 909,270
Provisions for liabilities |  | (48,490) | (20,117)
Net assets |  | 417,056 | 889,153
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | 416,956 | 889,053
Total equity |  | 417,056 | 889,153

387 Veterinary Centre Limited

(Registration number: 9578225)
Abridged Balance Sheet as at 31 May 2025

For the financial year ending 31 May 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 29 August 2025 and signed on its behalf by:

Mr H Duncan

Director

Mrs RB Duncan

Director

387 Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 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:
387 Walsall Road
Great Wyrley
Staffordshire
WS6 6DP

These financial statements were authorised for issue by the Board on 29 August 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.

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
Leasehold improvements | 2% straight line
Plant and machinery | 20% reducing balance
Fixtures and fittings | 33% straight line
Motor vehicles | 25% straight line

387 Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

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 30 (2024 - 20).

4 | Tangible assets

| Total £
Cost or valuation
At 1 June 2024 | 472,233
Additions | 133,809
Disposals | (22,176)
At 31 May 2025 | 583,866
Depreciation
At 1 June 2024 | 318,056
Charge for the year | 29,801
Eliminated on disposal | (22,176)
At 31 May 2025 | 325,681
Carrying amount
At 31 May 2025 | 258,185
At 31 May 2024 | 154,177

5 | Stocks

| 2025 £ | 2024 £
Stock | 40,739 | 42,482

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 £136,993 (2024 - £153,271).