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Registration number: 06498670

Farm First Veterinary Services Limited
Annual Report and Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 March 2025

Farm First Veterinary Services Limited

Contents

Abridged Balance Sheet | 1 to 2
Notes to the Unaudited Abridged Financial Statements | 3 to 6

Farm First Veterinary Services Limited

(Registration number: 06498670)
Abridged Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 49,678 | 97,616
Other financial assets | 5 | 10,000 | 10,000
|  | 59,678 | 107,616
Current assets |  |  |
Stocks |  | 57,401 | 40,080
Debtors |  | 397,720 | 409,042
Cash at bank and in hand |  | 119,857 | 71,947
|  | 574,978 | 521,069
Creditors: Amounts falling due within one year | 6 | (338,955) | (288,663)
Net current assets |  | 236,023 | 232,406
Total assets less current liabilities |  | 295,701 | 340,022
Creditors: Amounts falling due after more than one year | 7 | (18,667) | (50,667)
Provisions for liabilities |  | 10,850 | 2,154
Net assets |  | 287,884 | 291,509
Capital and reserves |  |  |
Called up share capital |  | 120 | 120
Profit and loss account |  | 287,764 | 291,389
Total equity |  | 287,884 | 291,509

Farm First Veterinary Services Limited

(Registration number: 06498670)
Abridged Balance Sheet as at 31 March 2025

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.

Approved and authorised by the Board on 7 November 2025 and signed on its behalf by:

Miss J Anscombe

Director

Miss V Fisher

Director

Mrs E E Vaughan

Director

Farm First Veterinary Services Limited

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 and Wales.

The address of its registered office is:
Unit 1 The Bryn Garage
Penpergwm
Abergavenny
Monmouthshire
NP7 9AT
United Kingdom

These financial statements were authorised for issue by the Board on 7 November 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 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.

Farm First Veterinary Services Limited

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

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
Leasehold land and buildings | Over length of lease
Fixtures and fittings | 20% straight line
Motor vehicles | 25% straight line
Plant and machinery | 20% straight line

Goodwill

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

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 complete and 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 22 (2024 - 23).

Farm First Veterinary Services Limited

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

4 | Tangible assets

| Total £
Cost or valuation
At 1 April 2024 | 440,097
Additions | 25,519
Disposals | (13,800)
At 31 March 2025 | 451,816
Depreciation
At 1 April 2024 | 342,482
Charge for the year | 67,776
Eliminated on disposal | (8,120)
At 31 March 2025 | 402,138
Carrying amount
At 31 March 2025 | 49,678
At 31 March 2024 | 97,616

5 | Other financial assets (current and non-current)

| Total £
Non-current financial assets
Cost or valuation
At 1 April 2024 | 10,000
At 31 March 2025 | 10,000
Carrying amount
At 31 March 2025 | 10,000

6 | 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 £32,000 (2024 - £32,000).

7 | 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 £18,667 (2024 - £50,667).

8 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £7,000 (2024 - £20,466).

Farm First Veterinary Services Limited

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

9 | Related party transactions

Advances to directors

Miss J Anscombe During the period Miss J Anscombe went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £1,128 (2024 - £18,736). At the year end the amount outstanding from Miss J Anscombe was £1,078 (2024 - £144). Interest has been charged at the commercial rate.