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Company Registration No. 12541395 (England and Wales)
Avenues Veterinary Clinic Limited Unaudited accounts for the year ended 31 October 2025
Avenues Veterinary Clinic Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Avenues Veterinary Clinic Limited Company Information for the year ended 31 October 2025
Directors
D N Barker A C Barker
Company Number
12541395 (England and Wales)
Registered Office
9 Albans View Watford WD25 7HA
- 3 -
Avenues Veterinary Clinic Limited Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
408,000
435,200
Tangible assets
5
356,035
344,828
764,035
780,028
Current assets
Inventories
11,728
13,918
Debtors
6
46,656
39,680
Cash at bank and in hand
139,206
108,852
197,590
162,450
Creditors: amounts falling due within one year
7
(173,263)
(171,050)
Net current assets/(liabilities)
24,327
(8,600)
Total assets less current liabilities
788,362
771,428
Creditors: amounts falling due after more than one year
8
(667,752)
(696,987)
Provisions for liabilities
Deferred tax
(9,303)
(4,730)
Net assets
111,307
69,711
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
111,207
69,611
Shareholders' funds
111,307
69,711
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by
D N Barker Director Company Registration No. 12541395
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Avenues Veterinary Clinic Limited Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Avenues Veterinary Clinic Limited is a private company, limited by shares, registered in England and Wales, registration number 12541395. The registered office is 9 Albans View, Watford, WD25 7HA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
20% straight line
Fixtures & fittings
20% reducing balance basis
Computer equipment
33.33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Avenues Veterinary Clinic Limited Notes to the Accounts for the year ended 31 October 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 November 2024
544,000
At 31 October 2025
544,000
Amortisation
At 1 November 2024
108,800
Charge for the year
27,200
At 31 October 2025
136,000
Net book value
At 31 October 2025
408,000
At 31 October 2024
435,200
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2024
354,248
46,951
4,801
7,216
413,216
Additions
-
28,222
141
1,745
30,108
Disposals
-
-
-
(917)
(917)
At 31 October 2025
354,248
75,173
4,942
8,044
442,407
Depreciation
At 1 November 2024
28,340
31,938
2,387
5,723
68,388
Charge for the year
7,085
10,212
500
1,104
18,901
On disposals
-
-
-
(917)
(917)
At 31 October 2025
35,425
42,150
2,887
5,910
86,372
Net book value
At 31 October 2025
318,823
33,023
2,055
2,134
356,035
At 31 October 2024
325,908
15,013
2,414
1,493
344,828
- 6 -
Avenues Veterinary Clinic Limited Notes to the Accounts for the year ended 31 October 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
32,176
25,501
Accrued income and prepayments
5,331
3,832
Other debtors
9,149
10,347
46,656
39,680
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
25,836
22,436
VAT
23,369
20,894
Trade creditors
33,564
32,131
Taxes and social security
31,596
29,498
Other creditors
861
5,054
Loans from directors
51,124
53,494
Accruals
6,913
7,543
173,263
171,050
The bank liabilities are secured
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
667,752
696,987
The bank liabilities are secured
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 8 (2024: 8).
- 7 -