2022-11-012023-10-312023-10-31false05598544AERON VETS LTD2024-03-11iso4217:GBPxbrli:pure055985442022-11-01055985442023-10-31055985442022-11-012023-10-31055985442021-11-01055985442022-10-31055985442021-11-012022-10-3105598544bus:SmallEntities2022-11-012023-10-3105598544bus:AuditExempt-NoAccountantsReport2022-11-012023-10-3105598544bus:FullAccounts2022-11-012023-10-3105598544bus:PrivateLimitedCompanyLtd2022-11-012023-10-3105598544core:WithinOneYear2023-10-3105598544core:AfterOneYear2023-10-3105598544core:WithinOneYear2022-10-3105598544core:AfterOneYear2022-10-3105598544core:ShareCapital2023-10-3105598544core:SharePremium2023-10-3105598544core:RevaluationReserve2023-10-3105598544core:OtherReservesSubtotal2023-10-3105598544core:RetainedEarningsAccumulatedLosses2023-10-3105598544core:ShareCapital2022-10-3105598544core:SharePremium2022-10-3105598544core:RevaluationReserve2022-10-3105598544core:OtherReservesSubtotal2022-10-3105598544core:RetainedEarningsAccumulatedLosses2022-10-3105598544core:LandBuildings2023-10-3105598544core:PlantMachinery2023-10-3105598544core:Vehicles2023-10-3105598544core:FurnitureFittings2023-10-3105598544core:OfficeEquipment2023-10-3105598544core:NetGoodwill2023-10-3105598544core:IntangibleAssetsOtherThanGoodwill2023-10-3105598544core:ListedExchangeTraded2023-10-3105598544core:UnlistedNon-exchangeTraded2023-10-3105598544core:LandBuildings2022-10-3105598544core:PlantMachinery2022-10-3105598544core:Vehicles2022-10-3105598544core:FurnitureFittings2022-10-3105598544core:OfficeEquipment2022-10-3105598544core:NetGoodwill2022-10-3105598544core:IntangibleAssetsOtherThanGoodwill2022-10-3105598544core:ListedExchangeTraded2022-10-3105598544core:UnlistedNon-exchangeTraded2022-10-3105598544core:LandBuildings2022-11-012023-10-3105598544core:PlantMachinery2022-11-012023-10-3105598544core:Vehicles2022-11-012023-10-3105598544core:FurnitureFittings2022-11-012023-10-3105598544core:OfficeEquipment2022-11-012023-10-3105598544core:NetGoodwill2022-11-012023-10-3105598544core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3105598544core:ListedExchangeTraded2022-11-012023-10-3105598544core:UnlistedNon-exchangeTraded2022-11-012023-10-3105598544core:MoreThanFiveYears2022-11-012023-10-3105598544core:Non-currentFinancialInstruments2023-10-3105598544core:Non-currentFinancialInstruments2022-10-3105598544dpl:CostSales2022-11-012023-10-3105598544dpl:DistributionCosts2022-11-012023-10-3105598544core:LandBuildings2022-11-012023-10-3105598544core:PlantMachinery2022-11-012023-10-3105598544core:Vehicles2022-11-012023-10-3105598544core:FurnitureFittings2022-11-012023-10-3105598544core:OfficeEquipment2022-11-012023-10-3105598544dpl:AdministrativeExpenses2022-11-012023-10-3105598544core:NetGoodwill2022-11-012023-10-3105598544core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3105598544dpl:GroupUndertakings2022-11-012023-10-3105598544dpl:ParticipatingInterests2022-11-012023-10-3105598544dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-3105598544core:ListedExchangeTraded2022-11-012023-10-3105598544dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-3105598544core:UnlistedNon-exchangeTraded2022-11-012023-10-3105598544dpl:CostSales2021-11-012022-10-3105598544dpl:DistributionCosts2021-11-012022-10-3105598544core:LandBuildings2021-11-012022-10-3105598544core:PlantMachinery2021-11-012022-10-3105598544core:Vehicles2021-11-012022-10-3105598544core:FurnitureFittings2021-11-012022-10-3105598544core:OfficeEquipment2021-11-012022-10-3105598544dpl:AdministrativeExpenses2021-11-012022-10-3105598544core:NetGoodwill2021-11-012022-10-3105598544core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-3105598544dpl:GroupUndertakings2021-11-012022-10-3105598544dpl:ParticipatingInterests2021-11-012022-10-3105598544dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-012022-10-3105598544core:ListedExchangeTraded2021-11-012022-10-3105598544dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-012022-10-3105598544core:UnlistedNon-exchangeTraded2021-11-012022-10-3105598544core:NetGoodwill2023-10-3105598544core:IntangibleAssetsOtherThanGoodwill2023-10-3105598544core:LandBuildings2023-10-3105598544core:PlantMachinery2023-10-3105598544core:Vehicles2023-10-3105598544core:FurnitureFittings2023-10-3105598544core:OfficeEquipment2023-10-3105598544core:AfterOneYear2023-10-3105598544core:WithinOneYear2023-10-3105598544core:ListedExchangeTraded2023-10-3105598544core:UnlistedNon-exchangeTraded2023-10-3105598544core:ShareCapital2023-10-3105598544core:SharePremium2023-10-3105598544core:RevaluationReserve2023-10-3105598544core:OtherReservesSubtotal2023-10-3105598544core:RetainedEarningsAccumulatedLosses2023-10-3105598544core:NetGoodwill2022-10-3105598544core:IntangibleAssetsOtherThanGoodwill2022-10-3105598544core:LandBuildings2022-10-3105598544core:PlantMachinery2022-10-3105598544core:Vehicles2022-10-3105598544core:FurnitureFittings2022-10-3105598544core:OfficeEquipment2022-10-3105598544core:AfterOneYear2022-10-3105598544core:WithinOneYear2022-10-3105598544core:ListedExchange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AERON VETS LTD

Registered Number
05598544
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

AERON VETS LTD
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

MEDLAND, Colette Tabitha
WILLIAMS, Eifion

Company Secretary

WILLIAMS, Eifion

Registered Address

The Old Convent, Llanbadarn Road
Aberystwyth
Dyfed
SY23 1WX

Place of Business

Aeron Vets Ltd

Cillau Aeron

Lampeter

SA48 8DE


Registered Number

05598544 (England and Wales)
AERON VETS LTD
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets321,00031,500
Tangible assets4156,822159,634
177,822191,134
Current assets
Stocks552,00052,800
Debtors224,572227,783
Cash at bank and on hand118,389136,133
394,961416,716
Creditors amounts falling due within one year6(173,218)(200,033)
Net current assets (liabilities)221,743216,683
Total assets less current liabilities399,565407,817
Creditors amounts falling due after one year7(20,041)(30,746)
Net assets379,524377,071
Capital and reserves
Called up share capital2020
Profit and loss account379,504377,051
Shareholders' funds379,524377,071
The financial statements were approved and authorised for issue by the Board of Directors on 11 March 2024, and are signed on its behalf by:
WILLIAMS, Eifion
Director
Registered Company No. 05598544
AERON VETS LTD
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives of 20 years. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year1212
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 November 22210,000210,000
At 31 October 23210,000210,000
Amortisation and impairment
At 01 November 22178,500178,500
Charge for year10,50010,500
At 31 October 23189,000189,000
Net book value
At 31 October 2321,00021,000
At 31 October 2231,50031,500
4.Tangible fixed assets

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 01 November 22130,120135,010265,130
Additions-3,5393,539
At 31 October 23130,120138,549268,669
Depreciation and impairment
At 01 November 22-105,496105,496
Charge for year-6,3516,351
At 31 October 23-111,847111,847
Net book value
At 31 October 23130,12026,702156,822
At 31 October 22130,12029,514159,634
5.Stocks

2023

2022

££
Raw materials and consumables52,00052,800
Total52,00052,800
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables54,96663,937
Bank borrowings and overdrafts9,9849,264
Taxation and social security84,18869,344
Other creditors20,82954,539
Accrued liabilities and deferred income3,2512,949
Total173,218200,033
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts20,04130,746
Total20,04130,746
8.Related party transactions
As at the balance sheet date the company owed its directors £19,995 (2022: £54,539). No interest is charged and the amount is repayable in full on demand.