REGISTERED NUMBER: 09485550 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Equine Veterinary & Reproduction Ltd

Page

Company Information

1

Report of the Director

2

Statement of Income and Retained Earnings

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

Miss J E Harbison

SECRETARY:

D J Owen

REGISTERED OFFICE:

The Old House

Main Street

Maids Moreton

Buckingham

Buckinghamshire

MK18 1QU

REGISTERED NUMBER:

09485550 (England and Wales)

ACCOUNTANTS:

Facts and Figures

P O Box 583

Maids Moreton

Buckingham

Buckinghamshire

MK18 1TQ

The director presents her report with the financial statements of the company for the year ended 31 January 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of Equine Veterinary Services

DIRECTOR

Miss J E Harbison held office during the whole of the period from 1 February 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Miss J E Harbison - Director

27 August 2025

TURNOVER

461,454

394,821

Cost of sales

(122,767

)

(97,059

)

GROSS PROFIT

338,687

297,762

Distribution costs

(14,303

)

(16,116

)

Administrative expenses

(196,071

)

(178,707

)

OPERATING PROFIT

4

128,313

102,939

Interest receivable and similar income

1,636

808

129,949

103,747

Interest payable and similar expenses

(2,226

)

(2,219

)

PROFIT BEFORE TAXATION

127,723

101,528

Tax on profit

(28,905

)

(28,383

)

PROFIT FOR THE FINANCIAL YEAR

98,818

73,145

Retained earnings at beginning of year

192,992

175,247

Dividends

(58,500

)

(55,400

)

RETAINED EARNINGS AT END OF YEAR

233,310

192,992

FIXED ASSETS

Intangible assets

9

30,750

33,750

Tangible assets

10

77,113

90,176

107,863

123,926

CURRENT ASSETS

Stocks

22,830

24,299

Debtors

11

92,381

81,875

Cash at bank

131,725

77,270

246,936

183,444

CREDITORS

Amounts falling due within one year

12

(85,246

)

(63,426

)

NET CURRENT ASSETS

161,690

120,018

TOTAL ASSETS LESS CURRENT LIABILITIES

269,553

243,944

CREDITORS

Amounts falling due after more than one year

13

(35,043

)

(49,752

)

NET ASSETS

234,510

194,192

CAPITAL AND RESERVES

Called up share capital

1,200

1,200

Retained earnings

233,310

192,992

234,510

194,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 27 August 2025 and were signed by:

Miss J E Harbison - Director

1.	STATUTORY INFORMATION

Equine Veterinary & Reproduction 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 2015, is being amortised evenly over its estimated useful life of twenty 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.

Fixtures & Fittings - 15% of Written Down Value

Plant & Equipment - 15% of Written Down Value

Computer Equipment - 33.3% of Cost

Motor Vehicles - 25% of Written Down Value

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.

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 3 (2024 - 3 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.1.25

31.1.24

£

£

Depreciation - owned assets

14,303

16,116

Goodwill amortisation

3,000

3,000

5.

TAXATION

Tax Charged in the Profit and Loss Account

2025 2024

£ £

CURRENT TAXATION

UK Corporation Tax 31,948 21,602

DEFERRED TAXATION

Arising from Origination and reversal of timing differences (3,043) 6,781

Tax Expense in the Profit and Loss Account 28,905 28,283

====== ======

6.	DEFERRED TAX

2025

Difference between accumulated depreciation and amortisation and capital allowances - £18,261 liability

2024

Difference between accumulated depreciation and amortisation and capital allowances - £21,602 liability

7.	SHARE CAPITAL

Allotted, called up and fully paid shares

2025 2024

No. £ No. £

Ordinary A Shares of £1 each 1,200 1,200 1,200 1,200

===== ===== ===== =====

8.	RELATED PARTY TRANSACTIONS

DIRECTORS LOAN - JENNIFER HARBISON

At 31st January 2025 the Company owed Miss Harbison £1,356 (2024: £1,044)

9.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

60,000

AMORTISATION

At 1 February 2024

26,250

Charge for year

3,000

At 31 January 2025

29,250

NET BOOK VALUE

At 31 January 2025

30,750

At 31 January 2024

33,750

10.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

143,638

Additions

1,240

At 31 January 2025

144,878

DEPRECIATION

At 1 February 2024

53,462

Charge for year

14,303

At 31 January 2025

67,765

NET BOOK VALUE

At 31 January 2025

77,113

At 31 January 2024

90,176

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

Fixtures & Fittings - 15% of Written Down Value

Plant & Equipment - 15% of Written Down Value

Computer Equipment - 33.3% of Cost

Motor Vehicles - 25% of Written Down Value

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

81,316

69,383

Other debtors

11,065

12,492

92,381

81,875

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

815

997

Trade creditors

22,710

16,739

Taxation and social security

52,259

38,164

Other creditors

9,462

7,526

85,246

63,426

13.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Taxation and social security

18,261

21,303

Other creditors

16,782

28,449

35,043

49,752