Wyvern Supplies Limited 08048090 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the supply of drugs, consumables and overheads and the provision of staff. Digita Accounts Production Advanced 6.30.9574.0 true true 08048090 2024-04-01 2025-03-31 08048090 2025-03-31 08048090 bus:OrdinaryShareClass1 2025-03-31 08048090 bus:OrdinaryShareClass2 2025-03-31 08048090 core:RetainedEarningsAccumulatedLosses 2025-03-31 08048090 core:ShareCapital 2025-03-31 08048090 core:CurrentFinancialInstruments 2025-03-31 08048090 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 08048090 bus:SmallEntities 2024-04-01 2025-03-31 08048090 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08048090 bus:FilletedAccounts 2024-04-01 2025-03-31 08048090 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08048090 bus:RegisteredOffice 2024-04-01 2025-03-31 08048090 bus:Director7 2024-04-01 2025-03-31 08048090 bus:Director9 2024-04-01 2025-03-31 08048090 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 08048090 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 08048090 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08048090 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-04-01 2025-03-31 08048090 countries:EnglandWales 2024-04-01 2025-03-31 08048090 2023-10-13 2024-03-31 08048090 2024-03-31 08048090 bus:OrdinaryShareClass1 2024-03-31 08048090 bus:OrdinaryShareClass2 2024-03-31 08048090 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08048090

Prepared for the registrar
Wyvern Supplies Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2025

Wyvern Supplies Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Wyvern Supplies Limited

Company Information

Directors | C J Mangham J S Ryder

Registered office | Unit B5 Southgate Commerce Park Frome BA11 2RY

Accountants | Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX

Wyvern Supplies Limited

(Registration number: 08048090)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Debtors | 4 | 124,631 | 88,776
Cash at bank and in hand |  | 66,014 | 139,236
|  | 190,645 | 228,012
Creditors: Amounts falling due within one year | 5 | (167,355) | (105,663)
Net assets |  | 23,290 | 122,349
Capital and reserves |  |  |
Called up share capital | 6 | 2,000 | 2,000
Profit and loss account |  | 21,290 | 120,349
Shareholders' funds |  | 23,290 | 122,349

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 August 2025 and signed on its behalf by:

C J Mangham
Director

J S Ryder
Director

Wyvern Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

| 1 | General information

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

The address of its registered office is:
Unit B5 Southgate
Commerce Park
Frome
BA11 2RY

| 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 except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's current forecasts and projections, together with the facilities available to the company, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Wyvern Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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 sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge 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 in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

Wyvern Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.
A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

| 3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was as follows:

| Year ended 31 March 2025 No. | 13 October 2023 to 31 March 2024 No.
Average number of employees | 19 | 15

| 4 | Debtors

| 2025 £ | 2024 £
Trade debtors | 73,574 | 78,139
Prepayments | 18,786 | 10,637
Other debtors | 32,271 | -
| 124,631 | 88,776

Wyvern Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

| 5 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 17,739 | 9,274
Taxation and social security | 17,032 | 77,784
Accruals and deferred income | 9,902 | 16,642
Other creditors | 122,682 | 1,963
| 167,355 | 105,663

| 6 | Share capital

Allotted, called up and fully paid shares

| 31 March 2025 | 31 March 2024
| No. | £ | No. | £
Ordinary A shares of £1 each | 1,000 | 1,000 | 1,000 | 1,000
Ordinary B shares of £1 each | 1,000 | 1,000 | 1,000 | 1,000
| 2,000 | 2,000 | 2,000 | 2,000

The different classes of shares referred to above carry separate rights to dividends but in all other significant respects, rank pari passu.

| 7 | Related party transactions

Summary of transactions with related parties

At the year end the company owed £120,350 (2024: £nil) to Wyvern Farm Vets, a partnership in which the directors are partners. There are no fixed terms for repayment and no interest has been charged