REGISTERED NUMBER: SC501520 (Scotland)

AVALON VETERINARY CLINIC LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

G Pate

A Pate

REGISTERED OFFICE:

4 Royal Crescent

Glasgow

G3 7SL

BUSINESS ADDRESS:

5/6 Cloberfield Industrial Estate

Milngavie

Glasgow

G62 7LN

REGISTERED NUMBER:

SC501520 (Scotland)

ACCOUNTANTS:

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Avalon Veterinary Clinic Ltd for the year ended 31st March 2026 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Avalon Veterinary Clinic Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Avalon Veterinary Clinic Ltd and state those matters that we have agreed to state to the Board of Directors of Avalon Veterinary Clinic Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Avalon Veterinary Clinic Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Avalon Veterinary Clinic Ltd. You consider that Avalon Veterinary Clinic Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Avalon Veterinary Clinic 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 statutory financial statements.

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

22nd July 2026

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

19,645

21,797

19,645

21,797

CURRENT ASSETS

Stocks

18,186

17,797

Debtors

6

19,250

19,000

Cash at bank and in hand

57,709

82,358

95,145

119,155

CREDITORS

Amounts falling due within one year

7

143,832

124,143

NET CURRENT LIABILITIES

(48,687

)

(4,988

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(29,042

)

16,809

CREDITORS

Amounts falling due after more than one year

8

(13,416

)

(13,498

)

PROVISIONS FOR LIABILITIES

(2,503

)

(3,727

)

NET LIABILITIES

(44,961

)

(416

)

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

(45,061

)

(516

)

SHAREHOLDERS' FUNDS

(44,961

)

(416

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th July 2026 and were signed on its behalf by:

A Pate - Director

1.	STATUTORY INFORMATION

Avalon Veterinary Clinic Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The company had negative reserves of £44,961 as at 31st March 2026. Included in creditors are loans from directors totalling £78,221. It has been agreed that these loans will not be repaid to the detriment of the company's ability to trade. The directors believe that the company has adequate resources and support to continue to operate for the foreseeable future.

Turnover

The turnover shown in the profit and loss account represents the fee value of veterinary services rendered and the sales value of the goods supplied during the year, exclusive of Value Added Tax.

Goodwill

Goodwill arising on the acquisition of businesses, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its useful economic life of 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold property

-

33% straight line

Clinic equipment

-

20 - 25% straight line

Furniture and fittings

-

20% straight line

Computer equipment

-

20 - 25% straight line

Stocks

Stocks and work in progress are stated at the lower of cost and net realisable value.

Cost is determined using the first-in, first-out method. The cost of stocks comprises the direct expenditure directly attributable to bringing the stocks to their present location and condition. The cost of work in progress includes all direct expenditure and an appropriate proportion of overheads.

Net realisable value is based on the estimated selling price less any further costs expected to be incurred to completion and disposal.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2025 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2025

and 31st March 2026

76,000

AMORTISATION

At 1st April 2025

and 31st March 2026

76,000

NET BOOK VALUE

At 31st March 2026

-

At 31st March 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Clinic

and

Computer

leasehold

equipment

fittings

equipment

Totals

£

£

£

£

£

COST

At 1st April 2025

13,400

40,996

1,659

3,953

60,008

Additions

-

2,871

-

916

3,787

At 31st March 2026

13,400

43,867

1,659

4,869

63,795

DEPRECIATION

At 1st April 2025

13,400

21,423

1,003

2,385

38,211

Charge for year

-

5,263

240

436

5,939

At 31st March 2026

13,400

26,686

1,243

2,821

44,150

NET BOOK VALUE

At 31st March 2026

-

17,181

416

2,048

19,645

At 31st March 2025

-

19,573

656

1,568

21,797

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Clinic

equipment

£

COST

At 1st April 2025

and 31st March 2026

16,950

DEPRECIATION

At 1st April 2025

1,402

Charge for year

3,390

At 31st March 2026

4,792

NET BOOK VALUE

At 31st March 2026

12,158

At 31st March 2025

15,548

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

12,550

11,170

Other debtors

6,700

7,830

19,250

19,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts

3,139

2,803

Trade creditors

23,333

24,808

Taxation and social security

32,933

38,755

Other creditors

84,427

57,777

143,832

124,143

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts

10,360

13,498

Other creditors

3,056

-

13,416

13,498

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.26

31.3.25

£

£

Amounts falling due within one year or on demand:

Other loans

1,667

-

Amounts falling due between one and two years:

Other loans - 1-2 years

1,667

-

Amounts falling due between two and five years:

Other loans - 2-5 years

1,389

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Hire purchase contracts

13,499

16,301

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

50

A - Ordinary shares

£1

50

50

50

B - Ordinary shares

£1

50

50

100

100

12.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £4,400 (2025: £22,000).

13.	ULTIMATE CONTROLLING PARTY

The company was under the control of G Pate and A Pate throughout the current period.