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Registration number: 08913266

Visiting Vet Specialists Ltd

Annual Report and Unaudited Financial Statements

For The Year Ended 28 February 2025

 

Visiting Vet Specialists Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Visiting Vet Specialists Ltd

(Registration number: 08913266)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

           

Fixed assets

   

 

Tangible assets

4

 

61,380

 

15,715

Current assets

   

 

Debtors

5

749,227

 

736,896

 

Cash at bank and in hand

 

182,412

 

257,117

 

 

931,639

 

994,013

 

Creditors: Amounts falling due within one year

6

(74,159)

 

(123,212)

 

Net current assets

   

857,480

 

870,801

Total assets less current liabilities

   

918,860

 

886,516

Provisions for liabilities

 

(15,319)

 

(3,758)

Net assets

   

903,541

 

882,758

Capital and reserves

   

 

Called up share capital

1

 

1

 

Profit and loss account

903,540

 

882,757

 

Total equity

   

903,541

 

882,758

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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 director acknowledges her 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 August 2025
 

.........................................
Miss C. Sturgeon
Director

 

Visiting Vet Specialists Ltd

Notes to the Unaudited Financial Statements For The Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 11, Fusion Court
Aberford Road
Garforth
Leeds
LS25 2GH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company.

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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Visiting Vet Specialists Ltd

Notes to the Unaudited Financial Statements For The Year Ended 28 February 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Fixtures and fittings

15% straight line

Computer equipment

25% straight line

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

 

Visiting Vet Specialists Ltd

Notes to the Unaudited Financial Statements For The Year Ended 28 February 2025

4

Tangible assets

Computer and office equipment
£

Motor vehicles
 £

Plant and equipment
£

Total
£

Cost or valuation

At 1 March 2024

4,499

-

30,706

35,205

Additions

-

65,000

-

65,000

At 28 February 2025

4,499

65,000

30,706

100,205

Depreciation

At 1 March 2024

4,085

-

15,405

19,490

Charge for the year

212

16,250

2,873

19,335

At 28 February 2025

4,297

16,250

18,278

38,825

Carrying amount

At 28 February 2025

202

48,750

12,428

61,380

At 29 February 2024

414

-

15,301

15,715

5

Debtors

2025
£

2024
£

Trade debtors

43,000

31,036

Amounts owed by related parties

705,000

705,000

Prepayments

1,227

860

 

749,227

736,896

6

Creditors

2025
£

2024
£

Due within one year

Taxation and social security

29,072

61,223

Other creditors

45,087

61,989

74,159

123,212