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REGISTERED NUMBER: 07395957 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30th September 2024

for

Teilo Vets Ltd

Teilo Vets Ltd (Registered number: 07395957)






Contents of the Financial Statements
for the year ended 30th September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Teilo Vets Ltd

Company Information
for the year ended 30th September 2024







DIRECTORS: Mrs M A Jones
A E Jones





REGISTERED OFFICE: Beechwood Offices
Talley Road
Llandeilo
Carmarthenshire
SA19 7HR





REGISTERED NUMBER: 07395957 (England and Wales)





ACCOUNTANTS: Ashmole & Co
Chartered Certified Accountants
Castle House
High Street
Ammanford
Carmarthenshire
SA18 2NB

Teilo Vets Ltd (Registered number: 07395957)

Abridged Balance Sheet
30th September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 407,518 396,271
407,518 396,271

CURRENT ASSETS
Stocks 120,000 94,000
Debtors 6 1,010,043 437,025
Cash at bank 395,747 846,825
1,525,790 1,377,850
CREDITORS
Amounts falling due within one year 319,933 256,242
NET CURRENT ASSETS 1,205,857 1,121,608
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,613,375

1,517,879

PROVISIONS FOR LIABILITIES 10,393 6,948
NET ASSETS 1,602,982 1,510,931

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,602,980 1,510,929
1,602,982 1,510,931

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Teilo Vets Ltd (Registered number: 07395957)

Abridged Balance Sheet - continued
30th September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 20th March 2025 and were signed on its behalf by:




Mrs M A Jones - Director



A E Jones - Director


Teilo Vets Ltd (Registered number: 07395957)

Notes to the Financial Statements
for the year ended 30th September 2024

1. STATUTORY INFORMATION

Teilo Vets Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Teilo Vets Ltd (Registered number: 07395957)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st October 2023
and 30th September 2024 220,000
AMORTISATION
At 1st October 2023
and 30th September 2024 220,000
NET BOOK VALUE

At 30th September 2024 -
At 30th September 2023 -

Teilo Vets Ltd (Registered number: 07395957)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st October 2023 514,296
Additions 32,498
At 30th September 2024 546,794
DEPRECIATION
At 1st October 2023 118,025
Charge for year 21,251
At 30th September 2024 139,276
NET BOOK VALUE
At 30th September 2024 407,518
At 30th September 2023 396,271

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 600,023 -

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th September 2024 and 30th September 2023:

30.9.24 30.9.23
£    £   
Mrs M A Jones
Balance outstanding at start of year 30,777 42,630
Amounts advanced 54,378 17,022
Amounts repaid (91,949 ) (28,875 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,794 ) 30,777

Teilo Vets Ltd (Registered number: 07395957)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

A E Jones
Balance outstanding at start of year 30,778 42,631
Amounts advanced 54,378 17,022
Amounts repaid (91,949 ) (28,875 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,793 ) 30,778