Registration number: SC795549

TVCU Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 5

TVCU Limited

(Registration number: SC795549)
Abridged Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	636,351	671,704
Tangible assets	5	270,892	271,262
		907,243	942,966
Current assets
Stocks		35,863	27,532
Debtors		37,159	35,442
Cash at bank and in hand		68,968	120,978
		141,990	183,952
Creditors: Amounts falling due within one year	6	(713,744)	(889,053)
Net current liabilities		(571,754)	(705,101)
Total assets less current liabilities		335,489	237,865
Creditors: Amounts falling due after more than one year	7	(70,409)	(80,280)
Provisions for liabilities		(5,114)	(4,692)
Net assets		259,966	152,893
Capital and reserves
Called up share capital		100	100
Profit and loss account		259,866	152,793
Total equity		259,966	152,893

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.

TVCU Limited

(Registration number: SC795549)
Abridged Balance Sheet as at 31 March 2026

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 6 October 2026 and signed on its behalf by:
 

Mrs H W Waddell

Director

Mrs R L Davidson

Director

TVCU 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 Scotland.

The address of its registered office is:
The Veterinary Centre
80 Bellshill Road
Uddingston
South Lanarkshire
G71 7NE

These financial statements were authorised for issue by the Board on 6 October 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.

Going concern

The company's ability to continue trading is reliant on the directors continuing to support the company through their directors' loan accounts. The directors have agreed not to seek repayment of the amounts owed to them within 12 months of the date of the accounts where doing so would affect the company's ability to trade.

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.

TVCU Limited

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
Freehold property	2% straight line
Office equipment	33% straight line
Fixtures and fittings	15% reducing balance
Plant and machinery	25% 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.

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 31 (2025 - 28).

4	Intangible assets

	Total £
Cost or valuation
At 1 April 2025	707,057
At 31 March 2026	707,057
Amortisation
At 1 April 2025	35,353
Amortisation charge	35,353
At 31 March 2026	70,706
Carrying amount
At 31 March 2026	636,351
At 31 March 2025	671,704

TVCU Limited

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

5	Tangible assets

	Total £
Cost or valuation
At 1 April 2025	282,027
Additions	10,287
At 31 March 2026	292,314
Depreciation
At 1 April 2025	10,765
Charge for the year	10,657
At 31 March 2026	21,422
Carrying amount
At 31 March 2026	270,892
At 31 March 2025	271,262

Included within the net book value of land and buildings above is £241,528 (2025 - £238,145) in respect of freehold land and buildings.
 

6	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 £9,790 (2025 - 15,700).

7	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 £70,409 (2025 - 80,279).