Registration number: 09510310

RC Equine Veterinary Consultancy Ltd

Contents

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

RC Equine Veterinary Consultancy Ltd

(Registration number: 09510310)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	58,298	86,845
Current assets
Stocks	6	23,290	22,840
Debtors	7	72,104	90,325
Cash at bank and in hand		537,153	645,788
		632,547	758,953
Creditors: Amounts falling due within one year	8	(329,976)	(334,322)
Net current assets		302,571	424,631
Total assets less current liabilities		360,869	511,476
Provisions for liabilities		-	(3,384)
Net assets		360,869	508,092
Capital and reserves
Called up share capital		100	100
Retained earnings		360,769	507,992
Shareholders' funds		360,869	508,092

RC Equine Veterinary Consultancy Ltd

(Registration number: 09510310)
Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	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 director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 October 2026
 

......................................... Mr R N P Cnockaert Director

RC Equine Veterinary Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of veterinary consultancy services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current corporation 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 in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

RC Equine Veterinary Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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
Plant and machinery	20% and 33% pa on cost
Fixtures, fittings and equipment	20% and 33% pa on cost
Motor vehicles	25% pa on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for veterinary consultancy services performed in the ordinary course of business.

Stocks

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

RC Equine Veterinary Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

3

Taxation

	2026		2025
	£		£
Corporation tax	134,320		146,862
Deferred tax	(3,384)		(7,666)
	130,936		139,196

4	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2025 - 5).

5	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	107,119	138,590	78,640	324,349
Additions	1,458	3,076	-	4,534
Disposals	(1,583)	-	-	(1,583)
At 31 March 2026	106,994	141,666	78,640	327,300
Depreciation
At 1 April 2025	96,842	121,003	19,660	237,505
Charge for the year	6,451	5,597	19,660	31,708
Eliminated on disposal	(211)	-	-	(211)
At 31 March 2026	103,082	126,600	39,320	269,002
Carrying amount
At 31 March 2026	3,912	15,066	39,320	58,298
At 31 March 2025	10,278	17,587	58,980	86,845

RC Equine Veterinary Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6

Stocks

	2026 £	2025 £
Veterinary supplies on hand	23,290	22,840

7

Debtors

Current	2026 £	2025 £
Trade debtors	67,350	86,822
Prepayments	4,754	3,503
	72,104	90,325

8

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	17,570	9,206
Taxation and social security	173,702	184,575
Other creditors	138,704	140,541
	329,976	334,322