Buckingham Equine Vets Limited

Contents

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

Buckingham Equine Vets Limited

(Registration number: 07689981)
Abridged Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	90,910	121,339
Other financial assets	5	10,000	10,000
		100,910	131,339
Current assets
Stocks		45,997	52,650
Debtors		329,017	260,423
Cash at bank and in hand		198,497	191,748
		573,511	504,821
Creditors: Amounts falling due within one year		(171,843)	(169,127)
Net current assets		401,668	335,694
Total assets less current liabilities		502,578	467,033
Provisions for liabilities		(22,727)	-
Net assets		479,851	467,033
Capital and reserves
Called up share capital		4	4
Capital redemption reserve		2	2
Profit and loss account		479,845	467,027
Total equity		479,851	467,033

Buckingham Equine Vets Limited

(Registration number: 07689981)
Abridged Balance Sheet as at 31 August 2025

For the financial year ending 31 August 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 19 May 2026 and signed on its behalf by:
 

Dr P A S Ivens

Director

Mr A G Wallace

Director

Buckingham Equine Vets Limited

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

1	General information

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

The address of its registered office is:
Sparrow Lodge Farm
Wicken Park Road
Wicken
Bucks
MK19 6BZ

These financial statements were authorised for issue by the Board on 19 May 2026.

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 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
Long leasehold land and buildings	20% reducing balance
Motor vehicles	20% reducing balance
Plant & machinery	25% reducing balance
Fixtures & fittings	20% reducing balance
Office equipment	20% reducing balance

Buckingham Equine Vets Limited

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

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 12 (2024 - 12).

4	Tangible assets

	Total £
Cost or valuation
At 1 September 2024	442,334
Additions	9,373
Disposals	(54,053)
At 31 August 2025	397,654
Depreciation
At 1 September 2024	320,994
Charge for the year	26,230
Eliminated on disposal	(40,480)
At 31 August 2025	306,744
Carrying amount
At 31 August 2025	90,910
At 31 August 2024	121,339

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 September 2024	10,000	10,000
At 31 August 2025	10,000	10,000
Carrying amount
At 31 August 2025	10,000	10,000

Buckingham Equine Vets Limited

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

6	Related party transactions

Advances to directors

Dr P A S Ivens During the period Dr P A S Ivens went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £31,651 (2024 - £Nil). At the year end the amount outstanding from Dr P A S Ivens was £30,067 (2024 - £-). Interest has been charged at HMRC's official rate.

Mr A G Wallace During the period Mr A G Wallace went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £19,162 (2024 - £Nil). At the year end the amount outstanding from Mr A G Wallace was £18,434 (2024 - £-). Interest has been charged at HMRC's official rate.