Thornton Wright Veterinary Services Limited

Contents

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

Thornton Wright Veterinary Services Limited

(Registration number: 15193039)
Abridged Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	34,930	39,540
Tangible assets	5	89,479	97,352
		124,409	136,892
Current assets
Stocks	6	17,332	28,082
Debtors		117,110	55,814
Cash at bank and in hand		30,984	55,312
		165,426	139,208
Creditors: Amounts falling due within one year	7	(212,180)	(164,230)
Net current liabilities		(46,754)	(25,022)
Total assets less current liabilities		77,655	111,870
Creditors: Amounts falling due after more than one year	8	(63,945)	(81,845)
Provisions for liabilities		(13,852)	(17,598)
Net (liabilities)/assets		(142)	12,427
Capital and reserves
Called up share capital		100	100
Profit and loss account		(242)	12,327
Total equity		(142)	12,427

Thornton Wright Veterinary Services Limited

(Registration number: 15193039)
Abridged 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.

	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 23 September 2026 and signed on its behalf by:
 

Dr R J H Wright

Director

Dr H L Wright

Director

Thornton Wright Veterinary Services Limited

Notes to the Unaudited Abridged 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:
Fairfield Stud
Gainsborough Road
Willoughton
Lincolnshire
DN21 5RX

These financial statements were authorised for issue by the Board on 23 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.

Disclosure of long or short period

The previous years accounts are prepared for a period of 18 months and are therefore not comparable to the current years accounts.

Going concern

Of the liabilties outstanding at 31 March 2026, an amount is owed to the directors. The directors have confirmed that they will not seek repayment of this amount until the company has sufficient funds to do so. Therefore the company will have sufficient funding to enable it to continue trading for at least one year from the date of approval of these accounts.

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 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.

Thornton Wright Veterinary Services Limited

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

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 income 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
Leasehold Improvements	10% straight line
Plant and machinery	25% reducing balance
Fixture and fittings	10% reducing balance
Motor vehicles	25% reducing balance
Computer equipment	25% reducing balance

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

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:

Asset class	Amortisation method and rate
Goodwill	10% straight line
Website costs	20% straight line

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.

Thornton Wright Veterinary Services Limited

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

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2025 - 5).

4	Intangible assets

	Total £
Cost or valuation
At 1 April 2025	44,300
At 31 March 2026	44,300
Amortisation
At 1 April 2025	4,760
Amortisation charge	4,610
At 31 March 2026	9,370
Carrying amount
At 31 March 2026	34,930
At 31 March 2025	39,540

5	Tangible assets

	Total £
Cost or valuation
At 1 April 2025	125,331
Additions	29,467
Disposals	(23,258)
At 31 March 2026	131,540
Depreciation
At 1 April 2025	27,979
Charge for the year	21,714
Eliminated on disposal	(7,632)
At 31 March 2026	42,061
Carrying amount
At 31 March 2026	89,479
At 31 March 2025	97,352

Included within the net book value of land and buildings above is £32,424 (2025 - £16,769) in respect of long leasehold land and buildings.
 

Thornton Wright Veterinary Services Limited

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

6

Stocks

	2026 £	2025 £
Stock	17,332	28,082

7	Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £17,900 (2025 - £17,857).

8	Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £63,945 (2025 - £81,845).

9	Related party transactions

Summary of transactions with parent

Within other debtors there is a balance outstanding from Rowan Wright Ltd for £47,156 (2025 - £12,093 owed to Rowan Wright Ltd), which is the parent company of Thornton Wright Veterinary Services Limited.