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Registration number: SC314597

Ashgrove Veterinary Centre Ltd

Contents

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

Ashgrove Veterinary Centre Ltd

(Registration number: SC314597)
Abridged Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	18,109	26,159
Tangible assets	5	1,593,072	807,637
		1,611,181	833,796
Current assets
Stocks		89,844	57,739
Debtors		98,286	86,672
Cash at bank and in hand		738,946	1,098,295
		927,076	1,242,706
Creditors: Amounts falling due within one year		(345,676)	(406,448)
Net current assets		581,400	836,258
Total assets less current liabilities		2,192,581	1,670,054
Provisions for liabilities		(117,752)	(38,748)
Net assets		2,074,829	1,631,306
Capital and reserves
Called up share capital		50	50
Capital redemption reserve		50	50
Profit and loss account		2,074,729	1,631,206
Total equity		2,074,829	1,631,306

Ashgrove Veterinary Centre Ltd

(Registration number: SC314597)
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 21 May 2026 and signed on its behalf by:
 

K G Barclay

Director

C Barclay

Director

Ashgrove Veterinary Centre Ltd

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 Scotland.

The address of its registered office is:
10 Belmont Road
Aberdeen
AB25 3SR

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 VAT, 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 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
Land and buildings	2% straight line
Short leasehold land and buildings	10% straight line
Motor vehicles	25% reducing balance
Fixtures & fittings	15% reducing balance

Ashgrove Veterinary Centre Ltd

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

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life which the directors consider to be 20 years.

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	5% 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 47 (2024 - 38).

Ashgrove Veterinary Centre Ltd

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

4	Intangible assets

	Total £
Cost or valuation
At 1 September 2024	160,994
At 31 August 2025	160,994
Amortisation
At 1 September 2024	134,835
Amortisation charge	8,050
At 31 August 2025	142,885
Carrying amount
At 31 August 2025	18,109
At 31 August 2024	26,159

5	Tangible assets

	Total £
Cost or valuation
At 1 September 2024	1,180,934
Additions	855,952
At 31 August 2025	2,036,886
Depreciation
At 1 September 2024	373,297
Charge for the year	70,517
At 31 August 2025	443,814
Carrying amount
At 31 August 2025	1,593,072
At 31 August 2024	807,637

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 £81,054 (2024 - £125,640). The company has an obligation for a non cancellable operating lease relating to rent payable for the practice premises and for equipment leasing