REGISTERED NUMBER: 08902578 (England and Wales)

Financial Statements

for the Year Ended 31st March 2026

for

Lanes Vets Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A K Bookless

Mr D J Callery

Dr L K Cottier

Dr J E Horsfield

Miss K E Lowick

Dr K M Selby

Mrs A J Wilkinson

REGISTERED OFFICE:

Green Lane Veterinary Centre

Leachfield Industrial Estate

Green Lane West

Cabus Garstang

Lancashire

PR3 1PR

REGISTERED NUMBER:

08902578 (England and Wales)

ACCOUNTANTS:

Towers + Gornall Ltd

Chartered Certified Accountants

River View

96 High Street

Garstang

Preston

Lancashire

PR3 1WZ

FIXED ASSETS

Intangible assets

4

471,885

589,324

Property, plant and equipment

5

2,060,181

2,058,762

2,532,066

2,648,086

CURRENT ASSETS

Inventories

238,244

267,339

Debtors

6

783,627

644,509

Cash at bank and in hand

175,845

49,765

1,197,716

961,613

CREDITORS

Amounts falling due within one year

7

1,723,632

1,281,667

NET CURRENT LIABILITIES

(525,916

)

(320,054

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,006,150

2,328,032

CREDITORS

Amounts falling due after more than one year

8

(1,323,702

)

(1,416,225

)

PROVISIONS FOR LIABILITIES

(162,997

)

(157,647

)

NET ASSETS

519,451

754,160

CAPITAL AND RESERVES

Called up share capital

5,011

5,011

Capital redemption reserve

339

339

Retained earnings

514,101

748,810

SHAREHOLDERS' FUNDS

519,451

754,160

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 14th October 2026 and were signed on its behalf by:

Mrs A K Bookless - Director

Mr D J Callery - Director

Dr L K Cottier - Director

Dr J E Horsfield - Director

Miss K E Lowick - Director

Dr K M Selby - Director

Mrs A J Wilkinson - Director

1.	STATUTORY INFORMATION

Lanes Vets Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Short leasehold

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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 110 (2025 - 99 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2025

and 31st March 2026

1,174,386

AMORTISATION

At 1st April 2025

585,062

Charge for year

117,439

At 31st March 2026

702,501

NET BOOK VALUE

At 31st March 2026

471,885

At 31st March 2025

589,324

5.	PROPERTY, PLANT AND EQUIPMENT

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

COST

At 1st April 2025

1,501,006

125,604

784,993

Additions

846

2,560

83,549

Disposals

-

-

(1,172

)

At 31st March 2026

1,501,852

128,164

867,370

DEPRECIATION

At 1st April 2025

30,652

17,815

365,830

Charge for year

20,037

12,786

71,104

Eliminated on disposal

-

-

(827

)

At 31st March 2026

50,689

30,601

436,107

NET BOOK VALUE

At 31st March 2026

1,451,163

97,563

431,263

At 31st March 2025

1,470,354

107,789

419,163

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2025

54,676

37,994

105,043

2,609,316

Additions

6,481

-

33,981

127,417

Disposals

-

-

(23,150

)

(24,322

)

At 31st March 2026

61,157

37,994

115,874

2,712,411

DEPRECIATION

At 1st April 2025

24,232

26,163

85,862

550,554

Charge for year

3,202

2,964

12,748

122,841

Eliminated on disposal

-

-

(20,338

)

(21,165

)

At 31st March 2026

27,434

29,127

78,272

652,230

NET BOOK VALUE

At 31st March 2026

33,723

8,867

37,602

2,060,181

At 31st March 2025

30,444

11,831

19,181

2,058,762

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

667,633

556,158

Amounts owed by associates

-

25,510

Other debtors

115,994

62,841

783,627

644,509

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

86,200

79,200

Hire purchase contracts

7,830

9,128

Trade creditors

455,966

372,731

Amounts owed to associates

285,741

-

Taxation and social security

584,291

360,871

Other creditors

303,604

459,737

1,723,632

1,281,667

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

1,313,964

1,413,100

Hire purchase contracts

9,738

1,680

Other creditors

-

1,445

1,323,702

1,416,225

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

917,364

1,045,800

9.	RELATED PARTY DISCLOSURES

As at the year-end, the Company owed the Directors £143,158 in total (2025: £192,105). There are no fixed repayment terms. Interest is paid at 3.5% based on the closing balance at the year end.