Acorah Software Products - Accounts Production 19.2.450 false true true 31 January 2025 1 February 2024 false 1 February 2025 31 January 2026 31 January 2026 SC451131 Mrs Holly Marshall Mr Malcolm Corsar Mr Matthew Hanks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC451131 2025-01-31 SC451131 2026-01-31 SC451131 2025-02-01 2026-01-31 SC451131 frs-core:CurrentFinancialInstruments 2026-01-31 SC451131 frs-core:Non-currentFinancialInstruments 2026-01-31 SC451131 frs-core:BetweenOneFiveYears 2026-01-31 SC451131 frs-core:FurnitureFittings 2026-01-31 SC451131 frs-core:FurnitureFittings 2025-02-01 2026-01-31 SC451131 frs-core:FurnitureFittings 2025-01-31 SC451131 frs-core:NetGoodwill 2026-01-31 SC451131 frs-core:NetGoodwill 2025-02-01 2026-01-31 SC451131 frs-core:NetGoodwill 2025-01-31 SC451131 frs-core:MotorVehicles 2026-01-31 SC451131 frs-core:MotorVehicles 2025-02-01 2026-01-31 SC451131 frs-core:MotorVehicles 2025-01-31 SC451131 frs-core:WithinOneYear 2026-01-31 SC451131 frs-core:ShareCapital 2026-01-31 SC451131 frs-core:RetainedEarningsAccumulatedLosses 2026-01-31 SC451131 frs-bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 SC451131 frs-bus:FilletedAccounts 2025-02-01 2026-01-31 SC451131 frs-bus:SmallEntities 2025-02-01 2026-01-31 SC451131 frs-bus:AuditExemptWithAccountantsReport 2025-02-01 2026-01-31 SC451131 frs-bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 SC451131 frs-bus:Director1 2025-02-01 2026-01-31 SC451131 frs-bus:Director1 2025-01-31 SC451131 frs-bus:Director1 2026-01-31 SC451131 frs-bus:Director2 2025-02-01 2026-01-31 SC451131 frs-bus:Director2 2025-01-31 SC451131 frs-bus:Director2 2026-01-31 SC451131 frs-bus:Director3 2025-02-01 2026-01-31 SC451131 frs-bus:Director3 2025-01-31 SC451131 frs-bus:Director3 2026-01-31 SC451131 frs-countries:Scotland 2025-02-01 2026-01-31 SC451131 2024-01-31 SC451131 2025-01-31 SC451131 2024-02-01 2025-01-31 SC451131 frs-core:CurrentFinancialInstruments 2025-01-31 SC451131 frs-core:Non-currentFinancialInstruments 2025-01-31 SC451131 frs-core:BetweenOneFiveYears 2025-01-31 SC451131 frs-core:WithinOneYear 2025-01-31 SC451131 frs-core:ShareCapital 2025-01-31 SC451131 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31
Registered number: SC451131
Central Equine Veterinary Services Ltd
Financial Statements
For The Year Ended 31 January 2026
Gillespie's Fife
Central Equine Veterinary Services Ltd
Contents
Contents

| Page
--- | ---
Accountants' Report | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—8

Page 1
Central Equine Veterinary Services Ltd
Accountants' Report
For The Year Ended 31 January 2026
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Central Equine Veterinary Services Ltd for the year ended 31 January 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Central Equine Veterinary Services Ltd for the year ended 31 January 2026 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
This report is made solely to the directors of Central Equine Veterinary Services Ltd , as a body, in accordance with the terms of our engagement letter dated 16 September 2024. Our work has been undertaken solely to prepare for your approval the accounts of Central Equine Veterinary Services Ltd and state those matters that we have agreed to state to the directors of Central Equine Veterinary Services Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Central Equine Veterinary Services Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that Central Equine Veterinary Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Central Equine Veterinary Services Ltd . You consider that Central Equine Veterinary Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Central Equine Veterinary Services Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

10th July 2026

Gillespie's Fife
Accountants
Fric Ajax Way
Methil
Leven
KY8 3RS
Page 1
Page 2
Central Equine Veterinary Services Ltd
Balance Sheet
As At 31 January 2026
Balance Sheet
Registered number: SC451131

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | - |  | 2,220
Tangible Assets | 5 |  | 173,399 |  | 139,016
|  |  | 173,399 |  | 141,236
CURRENT ASSETS
Stocks | 6 | 20,504 |  | 20,814 |
Debtors | 7 | 222,706 |  | 209,562 |
Cash at bank and in hand |  | 62,283 |  | 40,933 |
|  | 305,493 |  | 271,309 |
Creditors: Amounts Falling Due Within One Year | 8 | (144,868 ) |  | (93,077 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 160,625 |  | 178,232
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 334,024 |  | 319,468
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (120,209 ) |  | (90,024 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (43,350 ) |  | (34,754 )
NET ASSETS |  |  | 170,465 |  | 194,690
CAPITAL AND RESERVES
Called up share capital | 11 |  | 50 |  | 50
Profit and Loss Account |  |  | 170,415 |  | 194,640
SHAREHOLDERS' FUNDS |  |  | 170,465 |  | 194,690

Page 2
Page 3
Central Equine Veterinary Services Ltd
Balance Sheet (continued)
As At 31 January 2026
For the year 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mrs Holly Marshall Director | Mr Malcolm Corsar Director | Mr Matthew Hanks Director
10th July 2026

The notes on pages 4 to 8 form part of these financial statements.
Page 3
Page 4
Central Equine Veterinary Services Ltd
Notes to the Financial Statements
For The Year Ended 31 January 2026
Notes to the Financial Statements
1. General Information
Central Equine Veterinary Services Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC451131 . The registered office is Swanston Farm, 109 / 3a Swanston Road, Edinburgh, EH10 7DF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the Profit and Loss Account over its estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 15% reducing balance

2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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Central Equine Veterinary Services Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2025: 7)
7 7
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 February 2025 | 22,200
As at 31 January 2026 | 22,200
Amortisation
As at 1 February 2025 | 19,980
Provided during the period | 2,220
As at 31 January 2026 | 22,200
Net Book Value
As at 31 January 2026 | -
As at 1 February 2025 | 2,220

Page 5
Page 6
Central Equine Veterinary Services Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
5. Tangible Assets

| Motor Vehicles | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 February 2025 | 162,583 | 119,696 | 282,279
Additions | 52,301 | 33,042 | 85,343
Disposals | (13,145 ) | - | (13,145 )
As at 31 January 2026 | 201,739 | 152,738 | 354,477
Depreciation
As at 1 February 2025 | 65,206 | 78,057 | 143,263
Provided during the period | 36,639 | 11,202 | 47,841
Disposals | (10,026 ) | - | (10,026 )
As at 31 January 2026 | 91,819 | 89,259 | 181,078
Net Book Value
As at 31 January 2026 | 109,920 | 63,479 | 173,399
As at 1 February 2025 | 97,377 | 41,639 | 139,016

6. Stocks

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Stock | 20,504 |  | 20,814

7. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 44,314 |  | 36,354
Other debtors | 178,392 |  | 173,208
| 222,706 |  | 209,562

8. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 35,677 |  | 21,505
Trade creditors | 36,991 |  | 19,053
Bank loans and overdrafts | 5,000 |  | 10,000
Other creditors | 13,973 |  | 5,881
Taxation and social security | 53,227 |  | 36,638
| 144,868 |  | 93,077

Page 6
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Central Equine Veterinary Services Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
9. Creditors: Amounts Falling Due After More Than One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 120,209 |  | 85,024
Bank loans | - |  | 5,000
| 120,209 |  | 90,024

Bank borrowings
Bank loans have a carrying amount at the year end of £5,000 (2025 - £15,000).
The bank loan relates to an unsecured Bounce Back Loan
Other borrowings
Hire purchase liabilities are secured on the relevant assets.
10. Obligations Under Finance Leases and Hire Purchase

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 35,677 |  | 21,505
Later than one year and not later than five years | 120,209 |  | 85,024
| 155,886 |  | 106,529
| 155,886 |  | 106,529

11. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 50 |  | 50

12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 February 2025 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 January 2026
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mrs Holly Marshall | 47,268 | 49,390 | 54,764 | - | 41,894
Mr Malcolm Corsar | 59,323 | 60,825 | 54,782 | - | 65,366
Mr Matthew Hanks | 57,669 | 58,727 | 54,782 | - | 61,614

The above loans are unsecured and interest charged at the commercial rate.
Page 7
Page 8
Central Equine Veterinary Services Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
13. Dividends

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
On equity shares:
Interim dividend paid | 82,000 |  | -
Final dividend paid | 82,328 |  | 66,442
| 164,328 |  | 66,442

Final dividends for the year ended 31 January 2026 of £92,000 were declared on 05 April 2026.
Page 8