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Registration number: 14322455

Swale Veterinary Practice Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 6

Swale Veterinary Practice Limited

(Registration number: 14322455)
Abridged Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	1,113,252	1,173,357
Tangible assets	5	202,353	147,193
		1,315,605	1,320,550
Current assets
Stocks		65,933	65,356
Debtors		321,680	328,228
Cash at bank and in hand		502,401	461,811
		890,014	855,395
Creditors: Amounts falling due within one year		(1,844,166)	(1,908,947)
Net current liabilities		(954,152)	(1,053,552)
Total assets less current liabilities		361,453	266,998
Creditors: Amounts falling due after more than one year		-	(27,378)
Provisions for liabilities		(1,423)	(7,176)
Net assets		360,030	232,444
Capital and reserves
Called up share capital		150	150
Profit and loss account		359,880	232,294
Total equity		360,030	232,444

Swale Veterinary Practice Limited

(Registration number: 14322455)
Abridged Balance Sheet as at 30 September 2025

For the financial year ending 30 September 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 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 28 May 2026
 

Mr D J Fall

Director

Swale Veterinary Practice Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

1	General information

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

The address of its registered office is:
Fairfield Way
Gallowfields Trading Estate
Richmond
North Yorkshire
DL10 4TB

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.

Going concern

The directors have considered the financial position of the company in view of the results in the year ended 30 September 2025.

The company's ability to continue trading is reliant on the directors continuing to support the company through their directors' loan accounts. All directors have agreed not to seek repayment of the amounts owed to them within 12 months of the date of the accounts where this would affect the company's ability to trade.

The directors have considered a period of 12 months from the date of approval of the financial statement and consider it appropriate to prepare the financial staements on the going concern basis.

Swale Veterinary Practice Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

Prior period errors

Goodwill value understated

	Relating to the current period disclosed in these financial statements £	Relating to the prior period disclosed in these financial statements £	Relating to periods before the prior period disclosed in these financial statements £
Goodwill cost increased	411,704	411,704	-
Goodwill amortisation increased	20,585	20,585	-
Other creditors increased	411,704	411,704	-
Retained earnings decreased	20,585	20,585	-

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.

Page 4

Swale Veterinary Practice Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

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	Straight line over the life of the lease
Motor vehicles	25% straight line
Fixtures and fittings	20% straight line

Goodwill

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

Intangible assets

Separately acquired software licences are shown at historical cost.

Software licenses are recognised at fair value at the acquisition date.

Software licenses are carried at cost less accumulated amortisation and any accumulated impairment losses.

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
Software licenses	20% reducing balance

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 35 (2024 - 34).

4	Intangible assets

	Total £
Cost or valuation
At 1 October 2024	1,235,112
Additions acquired separately	2,063
At 30 September 2025	1,237,175
Amortisation
At 1 October 2024	61,755
Amortisation charge	62,168
At 30 September 2025	123,923
Carrying amount
At 30 September 2025	1,113,252
At 30 September 2024	1,173,357

Swale Veterinary Practice Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

5	Tangible assets

	Total £
Cost or valuation
At 1 October 2024	188,331
Additions	122,125
At 30 September 2025	310,456
Depreciation
At 1 October 2024	41,138
Charge for the year	66,965
At 30 September 2025	108,103
Carrying amount
At 30 September 2025	202,353
At 30 September 2024	147,193

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 £55,766 (2024 - £94,881).

The total amount of guarantees not included in the balance sheet is approximately £466,881 (2024 - £482,778). A director of the company has taken out a personal loan from a bank in order to buy out a retiring partner of Swale Veterinary LLP, whose trade and assets have been transferred to Swale Veterinary Practice Limited. The company has made a guarantee to the bank in respect of the loan, the guarantee is equal to the amount of the outstanding loan that is covered by the assets of the company that the bank has security over. The bank has by way of a fixed charge secured the leasehold property of the company and the fixed plant and machinery that is attached to the property. The bank has also by way of floating charges secured all debtor balances owed to the company and bank balances held by the company.