Farm Veterinary Solutions Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 15442422

		31 December 2024
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		135,203

			135,203
CURRENT ASSETS
Stocks	5	168,323
Debtors	6	1,106,115
Cash at bank and in hand		432,838

		1,707,276
Creditors: Amounts Falling Due Within One Year	7	(835,127 )

NET CURRENT ASSETS (LIABILITIES)			872,149

TOTAL ASSETS LESS CURRENT LIABILITIES			1,007,352

PROVISIONS FOR LIABILITIES
Deferred Taxation			(33,801 )

NET ASSETS			973,551

CAPITAL AND RESERVES
Called up share capital	8		666,610
Profit and Loss Account			306,941

SHAREHOLDERS' FUNDS			973,551

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Farm Veterinary Solutions Limited

Balance Sheet (continued)

As At 31 December 2024

For the period 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 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael Hugh Thorne

Director

30 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Farm Veterinary Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15442422 . The registered office is 1-3 Kings Road, Melton Mowbray, Leicestershire, LE13 1QF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2. Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	5 years straight line
Fixtures & Fittings	5 years straight line
Computer Equipment	3 years straight line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price including transaction costs.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.

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Farm Veterinary Solutions Limited

Notes to the Financial Statements (continued)

For the Period 25 January 2024 to 31 December 2024

2.7. Taxation

Tax is recognised in profit or loss except that a charge is attributable to an item of income and expense recognised as other comphrehensive income or to an item recognised directly in equity is also recognised in other comphrehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 21

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 25 January 2024	-	-	-	-
Additions	116,628	23,475	4,459	144,562
Disposals	(274 )	-	-	(274 )

As at 31 December 2024	116,354	23,475	4,459	144,288

Depreciation
As at 25 January 2024	-	-	-	-
Provided during the period	6,113	2,361	622	9,096
Disposals	(11 )	-	-	(11 )

As at 31 December 2024	6,102	2,361	622	9,085

Net Book Value
As at 31 December 2024	110,252	21,114	3,837	135,203

As at 25 January 2024	-	-	-	-

5. Stocks

	31 December 2024
	£
Stock	168,323

6. Debtors

	31 December 2024
	£
Due within one year
Prepayments and accrued income	99,618
Other debtors	456,167
Net wages	330
Amounts owed by group undertakings	550,000

	1,106,115

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Farm Veterinary Solutions Limited

Notes to the Financial Statements (continued)

For the Period 25 January 2024 to 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	31 December 2024
	£
Trade creditors	195,725
Corporation tax	87,819
Other taxes and social security	27,560
VAT	313,784
Other creditors	6,364
Accruals and deferred income	39,645
Directors' loan accounts	107
Amounts owed to group undertakings	164,123

	835,127

8. Share Capital

	31 December 2024
Allotted, called up and fully paid	£
666,610 Ordinary Shares of £ 1.00 each	666,610


Shares issued during the period:	£
666,610 Ordinary Shares of £ 1.00 each	666,610

On incorportion, 25 January 2024, 1 Ordinary share of £1.00 was allotted and fully paid at a price of £1.00 per share.

On 19 September 2024, 666,609 Ordinary shares of £1.00 each were allotted and fully paid at a price of £1.00 per share.

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