REGISTERED NUMBER: 06658096 (England and Wales)

VETZ LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Balance Sheet

1

Notes to the Financial Statements

2

to

5

FIXED ASSETS

Tangible assets

4

-

30

CURRENT ASSETS

Debtors

5

11,632

21,841

Cash at bank

167,972

162,998

179,604

184,839

CREDITORS

Amounts falling due within one year

6

25,942

42,364

NET CURRENT ASSETS

153,662

142,475

TOTAL ASSETS LESS CURRENT LIABILITIES

153,662

142,505

PROVISIONS FOR LIABILITIES

-

8

NET ASSETS

153,662

142,497

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

153,661

142,496

SHAREHOLDERS' FUNDS

153,662

142,497

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th May 2025 and were signed by:

I Fraedrich - Director

1.	STATUTORY INFORMATION

Vetz Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06658096

Registered office:

3365 Century Way

Thorpe Park

Leeds

West Yorkshire

LS15 8ZB

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

Preparation of consolidated financial statements

This information is included in the consolidated financial statements of the ultimate parent company, Mars Inc.which are publicly available and can be obtained from the U.S. Securities and Exchange Commission or from the Mars Inc. registered office 6885 Elm Street, McLean, Virginia, 22101.

Turnover and other income

Turnover represents the total invoice value, excluding value added tax, of net sales made during the period.

The company supplies hardware and software licences, along with software support packages. Customers are normally invoiced shortly after orders have been received and income arising from such sales in full from the date of the relevant invoice/credit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery etc - 33% on cost

Financial instruments

The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

and 31st December 2024

969

DEPRECIATION

At 1st January 2024

939

Charge for year

30

At 31st December 2024

969

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

30

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

11,397

16,559

Amounts owed by group undertakings

-

5,212

Other debtors

235

70

11,632

21,841

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

232

275

Amounts owed to group undertakings

4,236

856

Taxation and social security

9,693

33,220

Other creditors

11,781

8,013

25,942

42,364

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary shares

£1

1

1

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Darwin (Senior Statutory Auditor)

for and on behalf of Thomas Coombs Limited

9.	RELATED PARTY DISCLOSURES

During the year the company purchased goods and services from the parent company, Veterinärmedizinisches Dienstleistungszentrum GmbH of £128,604 (2023: £158,494).

The amount owed to the parent company (loan and current accounts) was £4,236 (at prevailing exchange rates) as at 31st December 2024 (2023: £856).

During 2024 staff costs of £4,958 (2023: £57,228) were recharged to a fellow group undertaking. The amount owed to the company as at 31st December 2024 was £nil (2023: £5,212).

10.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Veterinarmedizinisches Dienstleistungszentrum GmbH incorporated in Germany.

The smallest group to consolidate the company financial statements is Heska GmbH and the largest group to consolidate the company financial statements is Mars Incorporated. Copies of the Heska GmbH and Mars Incorporated financial statements are publicly available and can be obtained from U.S. Securities and Exchange Commission or from the Mars Incorporated registered office 6885 Elm Street, McLean, Virginia, 22101.

With effect from 13th June 2023 the company's ultimate parent was Mars Incorporated, a company incorporated in the United States.