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Registered number: 08859499
Hambridge Vets Limited
Unaudited Financial Statements
For The Year Ended 30 April 2026
Asquith Accountants Ltd
Rowan House
7 West Bank
Scarborough
North Yorkshire
YO12 4DX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08859499
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 71,923 89,787
Investments 6 237,937 145,938
309,860 235,725
CURRENT ASSETS
Stocks 7 19,515 16,247
Debtors 8 32,114 22,155
Cash at bank and in hand 101,675 54,738
153,304 93,140
Creditors: Amounts Falling Due Within One Year 9 (218,041 ) (117,099 )
NET CURRENT ASSETS (LIABILITIES) (64,737 ) (23,959 )
TOTAL ASSETS LESS CURRENT LIABILITIES 245,123 211,766
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,693 ) (16,812 )
NET ASSETS 227,430 194,954
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 227,330 194,854
SHAREHOLDERS' FUNDS 227,430 194,954
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Page 2
For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr R M Hambridge
Director
1 September 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Hambridge Vets Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08859499 . The registered office is Rowan House, 7 West Bank, Scarborough, North Yorkshire, YO12 4DX.
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. 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.
2.3. 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 5 years.
2.4. 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:
Plant & Machinery 15% reducing balance
Computer Equipment 33% straight line
2.5. Leasing and Hire Purchase Contracts
Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year: £43,261
Between one and five years: £134,778
In more than five years: £884
Total: £178,923
2.6. 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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2.7. 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.
2.8. Pensions
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. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2025: 15)
19 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2025 120,000
As at 30 April 2026 120,000
Amortisation
As at 1 May 2025 120,000
As at 30 April 2026 120,000
Net Book Value
As at 30 April 2026 -
As at 1 May 2025 -
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5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 May 2025 144,891 11,216 156,107
Additions 4,510 125 4,635
Disposals (39,977 ) (2,584 ) (42,561 )
As at 30 April 2026 109,424 8,757 118,181
Depreciation
As at 1 May 2025 57,484 8,836 66,320
Provided during the period 12,559 1,773 14,332
Disposals (31,810 ) (2,584 ) (34,394 )
As at 30 April 2026 38,233 8,025 46,258
Net Book Value
As at 30 April 2026 71,191 732 71,923
As at 1 May 2025 87,407 2,380 89,787
6. Investments
Unlisted
£
Cost or Valuation
As at 1 May 2025 145,938
Additions 143,313
Disposals (51,314 )
As at 30 April 2026 237,937
Provision
As at 1 May 2025 -
As at 30 April 2026 -
Net Book Value
As at 30 April 2026 237,937
As at 1 May 2025 145,938
The investments held is that of gold coins. These are legal tender and are therefore being held at cost less impairment
7. Stocks
2026 2025
£ £
Stock 19,515 16,247
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8. Debtors
2026 2025
£ £
Due within one year
Trade debtors 12,344 7,651
Other debtors 19,770 14,504
32,114 22,155
9. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 7,213 21,507
Other creditors 87,368 61,169
Taxation and social security 123,460 34,423
218,041 117,099
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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