Vet Dynamics (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09026388 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

VET DYNAMICS (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs V L Robinson

Mr A P Robinson

REGISTERED OFFICE:

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

REGISTERED NUMBER:

09026388 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

27,644

25,836

Investments

6

25,000

Investment property

7

40,000

92,644

90,836

CURRENT ASSETS

Debtors

8

942,821

881,717

Cash at bank

136,779

53,063

1,079,600

934,780

CREDITORS

Amounts falling due within one year

9

792,797

596,193

NET CURRENT ASSETS

286,803

338,587

TOTAL ASSETS LESS CURRENT
LIABILITIES

379,447

429,423

CREDITORS

Amounts falling due after more than one year

10

-

(23,071

)

PROVISIONS FOR LIABILITIES

(2,198

)

(1,463

)

NET ASSETS

377,249

404,889

CAPITAL AND RESERVES

Called up share capital

11

101

Retained earnings

377,148

404,788

SHAREHOLDERS' FUNDS

377,249

404,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by:

Mrs V L Robinson - Director

1.	STATUTORY INFORMATION

Vet Dynamics (UK) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 2014, is being amortised evenly over its estimated useful life of ten 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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

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

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

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 14 (2023 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 January 2024

and 31 December 2024

750,000

1,817

751,817

AMORTISATION

At 1 January 2024

and 31 December 2024

750,000

1,817

751,817

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

63,431

Additions

6,013

At 31 December 2024

69,444

DEPRECIATION

At 1 January 2024

37,595

Charge for year

4,205

At 31 December 2024

41,800

NET BOOK VALUE

At 31 December 2024

27,644

At 31 December 2023

25,836

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

25,000

NET BOOK VALUE

At 31 December 2024

25,000

At 31 December 2023

25,000

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

40,000

NET BOOK VALUE

At 31 December 2024

40,000

At 31 December 2023

40,000

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

166,084

64,874

Amounts owed by group undertakings

113,205

116,391

Other debtors

663,532

700,452

942,821

881,717

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

26,458

50,000

Trade creditors

263,442

16,452

Amounts owed to group undertakings

386,000

391,160

Taxation and social security

101,961

45,184

Other creditors

14,936

93,397

792,797

596,193

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Bank loans

-

23,071

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

5,000

A Ordinary

1p

50

5,000

B Ordinary

1p

50

1

C Ordinary

1p

-

1

D Redeemable

£1

1

101

12.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £106,477 (2023: £110,971) by Robgow Ltd. The companies are related parties by virtue of the fact that they are under common control.

At the balance sheet date the company owed £6,728 (2023: £5,420) by Carpe Datum Ltd and £386,000 (2023: £391,160) to Becketts Brokers Ltd. The companies are related parties by virtue of the fact that they are under common control.