Registration number: 10354388

Equus Vets Ltd

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 5

Equus Vets Ltd

(Registration number: 10354388)
Abridged Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	29,362	58,183
Tangible assets	5	54,883	181,473
		84,245	239,656
Current assets
Stocks	6	27,570	35,172
Debtors		80,783	124,120
Cash at bank and in hand		158,464	224,169
		266,817	383,461
Creditors: Amounts falling due within one year	7	(96,411)	(152,113)
Net current assets		170,406	231,348
Total assets less current liabilities		254,651	471,004
Creditors: Amounts falling due after more than one year	8	(86,166)	(100,463)
Provisions for liabilities		(13,721)	(41,765)
Net assets		154,764	328,776
Capital and reserves
Called up share capital		250	500
Profit and loss account		154,514	328,276
Total equity		154,764	328,776

Equus Vets Ltd

(Registration number: 10354388)
Abridged Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 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 of its accounts for the year in question in accordance with section 476; and
	The director acknowledges his 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 and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 5 September 2025
 

Mr H N Webb

Director

Equus Vets Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

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:
64 Fore Street
North Tawton
Devon
EX20 2DT

These financial statements were authorised for issue by the director on 5 September 2025.

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position 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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance
Office equipment	15% reducing balance

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Equus Vets Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Asset class	Amortisation method and rate
Goodwill	10% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2023 - 10).

4	Intangible assets

	Total £
Cost or valuation
At 1 January 2024	162,370
Disposals	(48,711)
At 31 December 2024	113,659
Amortisation
At 1 January 2024	104,187
Amortisation charge	11,366
Amortisation eliminated on disposals	(31,256)
At 31 December 2024	84,297
Carrying amount
At 31 December 2024	29,362
At 31 December 2023	58,183

Equus Vets Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

5	Tangible assets

	Total £
Cost or valuation
At 1 January 2024	351,334
Additions	16,980
Disposals	(233,127)
At 31 December 2024	135,187
Depreciation
At 1 January 2024	169,861
Charge for the year	13,584
Eliminated on disposal	(103,141)
At 31 December 2024	80,304
Carrying amount
At 31 December 2024	54,883
At 31 December 2023	181,473

6

Stocks

	2024 £	2023 £
Stock	27,570	35,172

7	Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £13,479 (2023 - £12,661).

8	Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £86,167 (2023 - £100,463).

Creditors include bank loans repayable by instalments of £32,252 (2023 - £49,819) due after more than five years.