REGISTERED NUMBER: 05270776 (England and Wales)

Vets2Home Limited

Unaudited Financial Statements for the Year Ended 31 October 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr S Gregersen

REGISTERED OFFICE:

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

REGISTERED NUMBER:

05270776 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Tangible assets

4

370,915

363,806

CURRENT ASSETS

Debtors

5

117,845

7,554

Cash at bank and in hand

112,837

96,790

230,682

104,344

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6

201,053

202,250

NET CURRENT ASSETS/(LIABILITIES)

29,629

(97,906

)

TOTAL ASSETS LESS CURRENT LIABILITIES

400,544

265,900

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

7

(8,977

)

(18,977

)

PROVISIONS FOR LIABILITIES

(12,989

)

-

NET ASSETS

378,578

246,923

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

378,478

246,823

SHAREHOLDERS' FUNDS

378,578

246,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 October 2025 and were signed by:

Dr S Gregersen - Director

1.	STATUTORY INFORMATION

Vets2Home Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of VAT, returns, rebates and discounts.

The company recognises revenue when the amount can be reliably measured, it is probable that future economic benefits will flow to the company and specific criteria have been met for each of the company's activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Office equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Office

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2023

303,000

21,444

57,112

43,862

425,418

Additions

-

-

24,086

-

24,086

At 31 October 2024

303,000

21,444

81,198

43,862

449,504

DEPRECIATION

At 1 November 2023

-

17,147

28,060

16,405

61,612

Charge for year

-

860

10,627

5,490

16,977

At 31 October 2024

-

18,007

38,687

21,895

78,589

NET BOOK VALUE

At 31 October 2024

303,000

3,437

42,511

21,967

370,915

At 31 October 2023

303,000

4,297

29,052

27,457

363,806

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

3,003

7,554

Other debtors

114,842

-

117,845

7,554

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,007

Taxation and social security

185,607

88,695

Other creditors

5,446

103,548

201,053

202,250

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

8,977

18,977

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances and credits to the director totalling £197,070 (2023 - £83,758) and received repayments totalling £13,406 (2023 - £89,904). At the balance sheet date, the director owed the company £85,863 (2023 - the company owed the director £98,330).

Interest has been charged on the overdrawn balance at the beneficial loan rate and totalled £530 (2023 - £nil). This loan is unsecured and repayable on demand.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £9,900 (2023 - £32,250) were paid to the director .