Registration number: 13778325

Marches Farm Vets Ltd

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 6

Marches Farm Vets Ltd

(Registration number: 13778325)
Abridged Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	33,308	38,859
Tangible assets	5	33,753	23,642
Other financial assets	6	10,000	5,000
		77,061	67,501
Current assets
Stocks	7	56,230	43,025
Debtors		124,334	127,964
Cash at bank and in hand		35,785	68,809
		216,349	239,798
Creditors: Amounts falling due within one year	8	(107,464)	(141,781)
Net current assets		108,885	98,017
Total assets less current liabilities		185,946	165,518
Creditors: Amounts falling due after more than one year	9	(67,252)	(42,399)
Provisions for liabilities		(7,420)	(5,637)
Net assets		111,274	117,482
Capital and reserves
Called up share capital		100	100
Profit and loss account		111,174	117,382
Total equity		111,274	117,482

Marches Farm Vets Ltd

(Registration number: 13778325)
Abridged Balance Sheet as at 31 December 2025

For the financial year ending 31 December 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 2 September 2026 and signed on its behalf by:
 

Mrs L G Morgan

Director

Miss E Postlethwaite

Director

Mr R Taylor

Director

Marches Farm Vets Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 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 4
Burnside Court
Brunel Road
Leominster
HR6 9UF

These financial statements were authorised for issue by the Board on 2 September 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.

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.

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
Fixtures and fittings	15% reducing balance
Plant and machinery	25% reducing balance
Computers	33% straight line

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:

Marches Farm Vets Ltd

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

Asset class	Amortisation method and rate
Goodwill	10% straight line

Investments

Investments in equity shares where the fair value can be measured reliably are intially measured at fair value with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 8).

4	Intangible assets

	Total £
Cost or valuation
At 1 January 2025	55,515
At 31 December 2025	55,515
Amortisation
At 1 January 2025	16,656
Amortisation charge	5,551
At 31 December 2025	22,207
Carrying amount
At 31 December 2025	33,308
At 31 December 2024	38,859

Marches Farm Vets Ltd

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

5	Tangible assets

	Total £
Cost or valuation
At 1 January 2025	39,601
Additions	19,294
At 31 December 2025	58,895
Depreciation
At 1 January 2025	15,959
Charge for the year	9,183
At 31 December 2025	25,142
Carrying amount
At 31 December 2025	33,753
At 31 December 2024	23,642

Included within the net book value of land and buildings above is £394 (2024 - £Nil) in respect of freehold land and buildings.
 

6	Other financial assets (current and non-current)

	Total £
Non-current financial assets
Cost or valuation
At 1 January 2025	5,000
Additions	5,000
At 31 December 2025	10,000
Carrying amount
At 31 December 2025	10,000

Marches Farm Vets Ltd

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

7

Stocks

	2025 £	2024 £
Stock	56,230	43,025

8	Creditors: amounts falling due within one year

	2025 £	2024 £
Current loans and borrowings
Bank borrowings	8,500	29,400

9	Creditors: amounts falling due after more than one year

	2025 £	2024 £
Non-current loans and borrowings
Bank borrowings	67,252	42,399

10	Related party transactions

Advances to directors

Mr R Taylor During the period Mr R Taylor went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £471 (2024 - £1,337). At the year end the amount outstanding from Mr R Taylor was £471 (2024 - £904).