Registration number: 16252073

Shropvet Ltd

Contents

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

Shropvet Ltd

(Registration number: 16252073)
Abridged Balance Sheet as at 31 January 2026

	Note	2026 £
Fixed assets
Intangible assets	4	900,000
Tangible assets	5	209,912
		1,109,912
Current assets
Stocks	6	21,182
Debtors		9,129
Cash at bank and in hand		182,443
		212,754
Creditors: Amounts falling due within one year	7	(251,963)
Net current liabilities		(39,209)
Total assets less current liabilities		1,070,703
Creditors: Amounts falling due after more than one year	8	(1,059,267)
Provisions for liabilities		(763)
Net assets		10,673
Capital and reserves
Called up share capital		100
Profit and loss account		10,573
Total equity		10,673

Shropvet Ltd

(Registration number: 16252073)
Abridged Balance Sheet as at 31 January 2026

For the financial period ending 31 January 2026 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 period in question in accordance with section 476; and
	The director acknowledges his 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 director on 27 April 2026
 

Mr S D Ashman

Director

Shropvet Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 14 February 2025 to 31 January 2026

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:
Wrekin View Veterinary Practice
13 Queen Street
Wellington
Telford
Shropshire
TF1 1EH
United Kingdom

These financial statements were authorised for issue by the director on 27 April 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.

Disclosure of long or short period

The financial statements have been prepared for a period of less than one year as this was the first period of trading post incorporation.

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:

Shropvet Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 14 February 2025 to 31 January 2026

Asset class	Depreciation method and rate
Freehold Property	2% Straight line
Plant and Machinery	20% Straight line
Fixtures and Fittings	20% Straight line

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 the director) during the period, was 11.

Shropvet Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 14 February 2025 to 31 January 2026

4	Intangible assets

	Total £
Cost or valuation
Additions acquired separately	1,000,000
At 31 January 2026	1,000,000
Amortisation
Amortisation charge	100,000
At 31 January 2026	100,000
Carrying amount
At 31 January 2026	900,000

5	Tangible assets

	Total £
Cost or valuation
Additions	215,036
At 31 January 2026	215,036
Depreciation
Charge for the period	5,124
At 31 January 2026	5,124
Carrying amount
At 31 January 2026	209,912

6

Stocks

	2026 £
Stock	21,182

7	Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £26,400.

8	Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £1,059,267.

Creditors include bank loans repayable by instalments of £953,667 due after more than five years.