Tyndale Vets Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 7

Tyndale Vets Limited

(Registration number: 07471219)
Abridged Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	800	-
Tangible assets	5	742,551	741,353
Investments	6	100	100
Other financial assets	7	10,017	10,017
		753,468	751,470
Current assets
Stocks	8	63,094	60,668
Debtors		586,052	668,565
Cash at bank and in hand		407,444	266,318
		1,056,590	995,551
Creditors: Amounts falling due within one year	9	(727,540)	(911,312)
Net current assets		329,050	84,239
Total assets less current liabilities		1,082,518	835,709
Creditors: Amounts falling due after more than one year	10	(521,949)	(587,695)
Provisions for liabilities		(40,226)	(38,808)
Net assets		520,343	209,206
Capital and reserves
Called up share capital		150	150
Capital redemption reserve		150	150
Profit and loss account		520,043	208,906
Total equity		520,343	209,206

Tyndale Vets Limited

(Registration number: 07471219)
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 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 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 Board on 30 September 2025 and signed on its behalf by:
 

Mr D Preece

Director

Tyndale Vets Limited

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:
Lower Wick
Dursley
Gloucestershire
GL11 6DD

These financial statements were authorised for issue by the Board on 30 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.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

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
Land and buildings	2% straight line
Fixtures and fittings	25% straight line
Motor vehicles	25% straight line
Plant and machinery	25% straight line
Computer equipment	33% reducing balance

Tyndale Vets Limited

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

Investment property

Investment property is carried at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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:

Asset class	Amortisation method and rate
Goodwill	Written off over 5 years

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

Stocks

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

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 37 (2023 - 32).

4	Intangible assets

	Total £
Cost or valuation
At 1 January 2024	783,000
Additions acquired separately	1,000
At 31 December 2024	784,000
Amortisation
At 1 January 2024	783,000
Amortisation charge	200
At 31 December 2024	783,200
Carrying amount
At 31 December 2024	800

Tyndale Vets Limited

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	1,157,920
Additions	63,933
At 31 December 2024	1,221,853
Depreciation
At 1 January 2024	416,567
Charge for the year	62,735
At 31 December 2024	479,302
Carrying amount
At 31 December 2024	742,551
At 31 December 2023	741,353

Included within the net book value of land and buildings above is £648,786 (2023 - £660,196) in respect of freehold land and buildings.
 

Investment properties

2024 £

There has been no valuation of investment property by an independent valuer.

6	Investments

	Total £
Cost or valuation
At 1 January 2024	100
Provision
Carrying amount
At 31 December 2024	100
At 31 December 2023	100