PRIME VETERINARY PRACTICE LIMITED

Registered number

10459765

Filleted Accounts

30 November 2025

PRIME VETERINARY PRACTICE LIMITED
Registered number:		10459765
Balance Sheet
as at 30 November 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		160,716			168,692

Current assets
Stocks		39,773			40,458
Debtors	4	54,689			81,501
Cash at bank and in hand		270,245			200,306
		364,707			322,265

Creditors: amounts falling due within one year	5	(367,699)			(327,606)

Net current liabilities			(2,992)			(5,341)

Total assets less current liabilities			157,724			163,351

Creditors: amounts falling due after more than one year	6		(26,229)			(60,669)

Provisions for liabilities			(36,359)			(42,173)


Net assets			95,136			60,509

Capital and reserves
Called up share capital			1			1
Profit and loss account			95,135			60,508

Shareholders' funds			95,136			60,509

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




H Catilina
Director
Approved by the board on 12 August 2026

PRIME VETERINARY PRACTICE LIMITED
Notes to the Accounts
for the year ended 30 November 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Leasehold land and buildings			straight-line over the shorter of the lease term or their useful economic life
	Plant and machinery			20% reducing balance
	Fixtures, fittings, office and IT equipment			20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.



	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					21		21





3	Tangible fixed assets
		Leasehold land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 December 2024	-		277,236		15,889		293,125
	Additions	15,750		11,331		282		27,363
	At 30 November 2025	15,750		284,067		16,171		315,988

	Depreciation
	At 1 December 2024	-		117,990		6,443		124,433
	Charge for the year	656		31,909		1,909		34,474
	At 30 November 2025	656		146,264		8,352		155,272

	Net book value
	At 30 November 2025	15,094		137,803		7,819		160,716
	At 30 November 2024	-		159,246		9,446		168,692

4	Debtors					2025		2024
£							£

	Trade debtors					46,404		55,939
	Other debtors					8,285		25,562
						54,689		81,501


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					25,518		37,362
	Obligations under finance lease and hire purchase contracts					8,922		8,305
	Trade creditors					32,050		30,477
	Taxation and social security costs					239,535		198,499
	Other creditors					61,674		52,963
						367,699		327,606


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					1,241		26,759
	Obligations under finance lease and hire purchase contracts					24,988		33,910
						26,229		60,669



7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	D Catilina
	and
	H Catilina
	Loan charged at 2.25% and 3.75% interest per annum, repayable within 9 months of the year end.	16,440		-		(16,440)		-

		16,440		-		(16,440)		-


8	Other information

	PRIME VETERINARY PRACTICE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	93 Newbold Road
	Chesterfield
	S41 7PS