Company Registration No. 10855802 (England and Wales)
Island Vetcare Ltd
Unaudited accounts
for the year ended 31 July 2025
Island Vetcare Ltd
Unaudited accounts
Contents
Island Vetcare Ltd
Company Information
for the year ended 31 July 2025
Directors
Mr Ian Nicholson
Mr Matthew Twitchett
Company Number
10855802 (England and Wales)
Registered Office
Brading Road
Ryde
Isle of Wight
PO33 1QG
Accountants
Babcock Tax & Accountancy Services Ltd
The Florins, 8 Lulworth Close
Hayling Island
Hampshire
PO11 0NY
Island Vetcare Ltd
Statement of financial position
as at 31 July 2025
Tangible assets
249,226
331,155
Inventories
109,302
92,939
Cash at bank and in hand
1,240,668
800,458
Creditors: amounts falling due within one year
(401,772)
(320,539)
Net current assets
1,017,613
636,952
Total assets less current liabilities
1,266,839
968,107
Creditors: amounts falling due after more than one year
(56,597)
(76,757)
Provisions for liabilities
Deferred tax
(26,172)
(38,877)
Net assets
1,184,070
852,473
Called up share capital
100
100
Profit and loss account
1,183,970
852,373
Shareholders' funds
1,184,070
852,473
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by
Mr Ian Nicholson
Director
Company Registration No. 10855802
Island Vetcare Ltd
Notes to the Accounts
for the year ended 31 July 2025
Island Vetcare Ltd is a private company, limited by shares, registered in England and Wales, registration number 10855802. The registered office is Brading Road, Ryde, Isle of Wight, PO33 1QG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Improvements to property - in accordance with the property
Plant & Machinery - 10% on reducing balance
Fixtures & Fittings - 10% on reducing balance
Computer Equipment - 33% on cost
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2024
272,827
267,456
17,269
23,429
580,981
Additions
6,873
4,706
-
3,015
14,594
Disposals
-
(69,355)
-
-
(69,355)
At 31 July 2025
279,700
202,807
17,269
26,444
526,220
At 1 August 2024
140,942
86,419
6,647
15,818
249,826
Charge for the year
27,283
13,203
1,062
5,970
47,518
On disposals
-
(20,350)
-
-
(20,350)
At 31 July 2025
168,225
79,272
7,709
21,788
276,994
At 31 July 2025
111,475
123,535
9,560
4,656
249,226
At 31 July 2024
131,885
181,037
10,622
7,611
331,155
Island Vetcare Ltd
Notes to the Accounts
for the year ended 31 July 2025
Amounts falling due within one year
Trade debtors
32,943
36,695
Accrued income and prepayments
10,276
10,803
Other debtors
26,196
16,596
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
20,265
20,265
Trade creditors
102,145
73,944
Taxes and social security
223,929
176,262
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 37 (2024: 37).