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Registration number: 09620041

Swaffham Veterinary Centre Limited

Contents

Abridged Balance Sheet	1
Notes to the Unaudited Abridged Financial Statements	2 to 4

Swaffham Veterinary Centre Limited

(Registration number: 09620041)
Abridged Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	142,503	185,404
Current assets
Stocks		55,766	55,766
Debtors		1,055,524	977,860
Cash at bank and in hand		60,750	123,254
		1,172,040	1,156,880
Creditors: Amounts falling due within one year		(292,941)	(238,240)
Net current assets		879,099	918,640
Total assets less current liabilities		1,021,602	1,104,044
Provisions for liabilities		(26,673)	(39,203)
Net assets		994,929	1,064,841
Capital and reserves
Called up share capital		300	300
Profit and loss account		994,629	1,064,541
Total equity		994,929	1,064,841

For the financial 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 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 April 2026 and signed on its behalf by:
 

Mrs H Manning

Director

Mr L Manson

Director

Swaffham Veterinary Centre Limited

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

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:
Unit 3
Tower Meadows
Swaffham
Norfolk
PE37 7LT

These financial statements were authorised for issue by the Board on 21 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.

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents the amounts, excluding value added tax, 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 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.

Swaffham Veterinary Centre Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 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
Short leasehold property	Over the term of the lease
Office equipment	Straight line over 3 years
Motor vehicles	Reducing balance over 4 years
Plant and machinery	Straight line over 5 years

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

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and 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	Straight line over 5 years

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 29 (2024 - 29).

4	Intangible assets

	Total £
Cost or valuation
At 1 November 2024	33,300
At 31 October 2025	33,300
Amortisation
At 1 November 2024	33,300
At 31 October 2025	33,300
Carrying amount
At 31 October 2025	-

Swaffham Veterinary Centre Limited

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

5	Tangible assets

	Total £
Cost or valuation
At 1 November 2024	502,695
Additions	6,875
At 31 October 2025	509,570
Depreciation
At 1 November 2024	317,291
Charge for the year	49,776
At 31 October 2025	367,067
Carrying amount
At 31 October 2025	142,503
At 31 October 2024	185,404