Teme Vets Ltd 13743613 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the provision of veterinary services. Digita Accounts Production Advanced 6.30.9574.0 true true 13743613 2024-04-01 2025-03-31 13743613 2025-03-31 13743613 core:RetainedEarningsAccumulatedLosses 2025-03-31 13743613 core:ShareCapital 2025-03-31 13743613 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 13743613 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 13743613 bus:SmallEntities 2024-04-01 2025-03-31 13743613 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 13743613 bus:FullAccounts 2024-04-01 2025-03-31 13743613 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13743613 bus:RegisteredOffice 2024-04-01 2025-03-31 13743613 bus:Director1 2024-04-01 2025-03-31 13743613 bus:Director2 2024-04-01 2025-03-31 13743613 bus:Director3 2024-04-01 2025-03-31 13743613 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13743613 core:Goodwill 2024-04-01 2025-03-31 13743613 core:MotorVehicles 2024-04-01 2025-03-31 13743613 core:OfficeEquipment 2024-04-01 2025-03-31 13743613 core:PlantMachinery 2024-04-01 2025-03-31 13743613 countries:England 2024-04-01 2025-03-31 13743613 2024-03-31 13743613 2023-04-01 2024-03-31 13743613 2024-03-31 13743613 core:RetainedEarningsAccumulatedLosses 2024-03-31 13743613 core:ShareCapital 2024-03-31 13743613 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13743613 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 13743613

Teme Vets Ltd
Annual Report and Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 March 2025

Teme Vets Ltd

Contents

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

Teme Vets Ltd

(Registration number: 13743613)
Abridged Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 553,240 | 585,782
Tangible assets | 5 | 42,477 | 17,474
|  | 595,717 | 603,256
Current assets |  |  |
Stocks |  | 54,017 | 54,951
Debtors |  | 101,502 | 119,586
Cash at bank and in hand |  | 166,736 | 111,423
|  | 322,255 | 285,960
Creditors: Amounts falling due within one year | 6 | (380,897) | (313,667)
Net current liabilities |  | (58,642) | (27,707)
Total assets less current liabilities |  | 537,075 | 575,549
Creditors: Amounts falling due after more than one year | 7 | (525,205) | (571,148)
Provisions for liabilities |  | (10,220) | (3,836)
Net assets |  | 1,650 | 565
Capital and reserves |  |  |
Called up share capital |  | 300 | 300
Profit and loss account |  | 1,350 | 265
Total equity |  | 1,650 | 565

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.

| 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.

Teme Vets Ltd

(Registration number: 13743613)
Abridged Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 5 September 2025 and signed on its behalf by:

L M Williams

Director

J L Parton

Director

R A Beaumont-Moore

Director

Teme Vets Ltd

Notes to the Unaudited Abridged 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.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the Board 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.

Going concern

The financial statements have been prepared on a going concern basis.

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
Motor vehicles | 100% straight line
Plant and machinery | 25% reducing balance
Office equipment | 33% straight line

Teme Vets Ltd

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

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 | 5% 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 directors) during the year, was 30 (2024 - 29).

4 | Intangible assets

| Total £
Cost or valuation
At 1 April 2024 | 650,871
At 31 March 2025 | 650,871
Amortisation
At 1 April 2024 | 65,087
Amortisation charge | 32,544
At 31 March 2025 | 97,631
Carrying amount
At 31 March 2025 | 553,240
At 31 March 2024 | 585,782

5 | Tangible assets

| Total £
Cost or valuation
At 1 April 2024 | 52,087
Additions | 31,901
At 31 March 2025 | 83,988
Depreciation
At 1 April 2024 | 34,612
Charge for the year | 6,899
At 31 March 2025 | 41,511
Carrying amount
At 31 March 2025 | 42,477
At 31 March 2024 | 17,474

Teme Vets Ltd

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

6 | Creditors: amounts falling due within one year

Creditors include bank loans which are secured of £44,400.

7 | Creditors: amounts falling due after more than one year

Creditors include bank loans which are secured of £525,205

Creditors include bank loans repayable by instalments of £347,605 due after more than five years.