Registration number: SC702039

MacLellan Vets Ltd

Contents

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

MacLellan Vets Ltd

(Registration number: SC702039)
Abridged Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	181,848	193,214
Tangible assets	5	373,994	321,664
		555,842	514,878
Current assets
Stocks	6	10,627	9,438
Debtors		5,724	2,000
Cash at bank and in hand		-	20,777
		16,351	32,215
Creditors: Amounts falling due within one year	7	(232,064)	(185,011)
Net current liabilities		(215,713)	(152,796)
Total assets less current liabilities		340,129	362,082
Creditors: Amounts falling due after more than one year	8	(335,622)	(356,844)
Provisions for liabilities		(3,658)	(4,768)
Net assets		849	470
Capital and reserves
Called up share capital		200	200
Profit and loss account		649	270
Total equity		849	470

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.

MacLellan Vets Ltd

(Registration number: SC702039)
Abridged Balance Sheet as at 31 March 2026

Approved and authorised by the Board on 24 September 2026 and signed on its behalf by:
 

Mr A P MacLellan-Stephenson

Director

Mrs K MacLellan-Stephenson

Director

MacLellan Vets Ltd

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 Scotland.

The address of its registered office is:
MacLellan Vets Eastgate
Millburn Road
Inverness
IV2 3PY

These financial statements were authorised for issue by the Board on 24 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 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.

MacLellan Vets Ltd

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

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
Land and buildings	2% straight line
Plant and machinery	25% reducing balance
Office equipment	33% straight line
Fixtures and fittings	20% reducing balance

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	5% straight line

Stocks

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

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2025 - 7).

MacLellan Vets Ltd

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

4	Intangible assets

	Total £
Cost or valuation
At 1 April 2025	227,312
At 31 March 2026	227,312
Amortisation
At 1 April 2025	34,098
Amortisation charge	11,366
At 31 March 2026	45,464
Carrying amount
At 31 March 2026	181,848
At 31 March 2025	193,214

5	Tangible assets

	Total £
Cost or valuation
At 1 April 2025	356,814
Additions	64,433
At 31 March 2026	421,247
Depreciation
At 1 April 2025	35,150
Charge for the year	12,103
At 31 March 2026	47,253
Carrying amount
At 31 March 2026	373,994
At 31 March 2025	321,664

6

Stocks

	2026 £	2025 £
Stock	10,627	9,438

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 £42,664 (2025: £17,400).

MacLellan Vets Ltd

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

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 £336,394 (2025: £356,844).