Discovery Veterinary Centre Limited 11386144 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is Provision of Veterinary services Digita Accounts Production Advanced 6.30.9574.0 true 11386144 2024-06-01 2025-05-31 11386144 2025-05-31 11386144 core:RetainedEarningsAccumulatedLosses 2025-05-31 11386144 core:ShareCapital 2025-05-31 11386144 core:CurrentFinancialInstruments 2025-05-31 11386144 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 11386144 core:LandBuildings 2025-05-31 11386144 bus:SmallEntities 2024-06-01 2025-05-31 11386144 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 11386144 bus:FilletedAccounts 2024-06-01 2025-05-31 11386144 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 11386144 bus:RegisteredOffice 2024-06-01 2025-05-31 11386144 bus:Director1 2024-06-01 2025-05-31 11386144 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 11386144 bus:Agent1 2024-06-01 2025-05-31 11386144 core:Buildings 2024-06-01 2025-05-31 11386144 core:Land 2024-06-01 2025-05-31 11386144 core:LandBuildings 2024-06-01 2025-05-31 11386144 countries:England 2024-06-01 2025-05-31 11386144 2024-05-31 11386144 core:LandBuildings 2024-05-31 11386144 2023-06-01 2024-05-31 11386144 2024-05-31 11386144 core:RetainedEarningsAccumulatedLosses 2024-05-31 11386144 core:ShareCapital 2024-05-31 11386144 core:CurrentFinancialInstruments 2024-05-31 11386144 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 11386144 core:LandBuildings 2024-05-31 11386144 core:PreviouslyStatedAmount 2024-05-31 iso4217:GBP xbrli:pure

Registration number: 11386144

Discovery Veterinary Centre Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Discovery Veterinary Centre Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Discovery Veterinary Centre Limited

Company Information

Director | Miss LP Taylor

Registered office | Old Fire Station Mitton Street Stourport-on-Severn Worcestershire DY13 9AA

Accountants | Ballards LLP Chartered AccountantsOakmoore Court 11c Kingswood Road Hampton Lovett Droitwich Worcestershire WR9 0QH

Discovery Veterinary Centre Limited

(Registration number: 11386144)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,273,488 | 142,048
Investments | 5 | 202,873 | 202,873
|  | 1,476,361 | 344,921
Current assets |  |  |
Debtors | 6 | 56 | 291,773
Cash at bank and in hand |  | 59,385 | 603,996
|  | 59,441 | 895,769
Creditors: Amounts falling due within one year | 7 | (514,515) | (373,982)
Net current (liabilities)/assets |  | (455,074) | 521,787
Net assets |  | 1,021,287 | 866,708
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | 1,021,286 | 866,707
Shareholders' funds |  | 1,021,287 | 866,708

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.

Director's responsibilities:

• | 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 director acknowledges her 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 February 2026

......................................... Miss LP Taylor Director |  |

Discovery Veterinary Centre Limited

Notes to the Unaudited 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.

The address of its registered office is:
Old Fire Station
Mitton Street
Stourport-on-Severn
Worcestershire
DY13 9AA

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 399(2A) of the Companies Act 2006 and has not prepared group accounts..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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 income 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.

Discovery Veterinary Centre Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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
Land | 0%
Buildings | 5% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Discovery Veterinary Centre Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Tangible assets

| Land and buildings £ | Total £
Cost or valuation
At 1 June 2024 | 162,341 | 162,341
Additions | 1,195,261 | 1,195,261
At 31 May 2025 | 1,357,602 | 1,357,602
Depreciation
At 1 June 2024 | 20,293 | 20,293
Charge for the year | 63,821 | 63,821
At 31 May 2025 | 84,114 | 84,114
Carrying amount
At 31 May 2025 | 1,273,488 | 1,273,488
At 31 May 2024 | 142,048 | 142,048

Included within the net book value of land and buildings above is £1,273,488 (2024 - £142,048) in respect of freehold land and buildings.

Discovery Veterinary Centre Limited

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

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 202,873 | 202,873

Discovery Veterinary Centre Limited owns 100% of the share capital in Bay Tree Veterinary Centre Limited

6 | Debtors

Current | 2025 £ | 2024 £
Amounts owed by related parties | - | 279,717
Other debtors | 56 | 12,056
| 56 | 291,773

7 | Creditors

|  | 2025 £ | 2024 £
Due within one year |  |  |
Amounts owed to related parties |  | 512,144 | 365,214
Other creditors |  | 2,371 | 8,768
|  | 514,515 | 373,982