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REGISTERED NUMBER: 10028967 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

VETX INTERNATIONAL LTD

| VETX INTERNATIONAL LTD (REGISTERED NUMBER: 10028967) |

Contents of the Financial Statements

for the year ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| VETX INTERNATIONAL LTD |

Company Information

for the year ended 31 December 2024

| DIRECTOR: | D K Nicol

| REGISTERED OFFICE: | Preston Park House

| South Road

| Brighton

| East Sussex

| BN1 6SB

| BUSINESS ADDRESS: | Ridgeland House

| 165 Dyke Road

| Hove

| East Sussex

| BN3 1TL

| REGISTERED NUMBER: | 10028967 (England and Wales)

| ACCOUNTANTS: | Plus Accounting

| Chartered Accountants

| Preston Park House

| South Road

| Brighton

| East Sussex

| BN1 6SB

| VETX INTERNATIONAL LTD (REGISTERED NUMBER: 10028967) |

Balance Sheet

31 December 2024

2024 | 2023 |

| Notes | £ | £

FIXED ASSETS

Tangible assets | 4 | 10,267 |  | 10,162 |  |

CURRENT ASSETS

Debtors | 5 | 16,814 |  | 20,132 |  |

Cash at bank | 118,206 |  | 174,738 |  |

135,020 |  | 194,870 |  |

CREDITORS

Amounts falling due within one year | 6 | (15,853 | ) | (26,595 | ) |

NET CURRENT ASSETS | 119,167 |  | 168,275 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 129,434 |  | 178,437 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (193,529 | ) | (193,529 | ) |

PROVISIONS FOR LIABILITIES | 8 | (2,541 | ) | (2,261 | ) |

NET LIABILITIES | (66,636 | ) | (17,353 | ) |

CAPITAL AND RESERVES

Called up share capital | 9 | 1 |  | 1 |  |

Retained earnings | (66,637 | ) | (17,354 | ) |

SHAREHOLDERS' FUNDS | (66,636 | ) | (17,353 | ) |

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

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

The director acknowledges his 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.

| VETX INTERNATIONAL LTD (REGISTERED NUMBER: 10028967) |

Balance Sheet - continued

31 December 2024

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 October 2025 and were signed by:

D K Nicol - Director

| VETX INTERNATIONAL LTD (REGISTERED NUMBER: 10028967) |

Notes to the Financial Statements

for the year ended 31 December 2024

1. | STATUTORY INFORMATION

| Vetx International Ltd 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

| Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Revenue from the provision of services is recognised on completion of the services rendered.

| Tangible fixed assets

| Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

| Fixtures and fittings |  | - 25% reducing balance |  |

| Computer equipment |  | - 25% reducing balance |  |

| Financial instruments

| 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 entity after deducting all of its financial liabilities.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

| VETX INTERNATIONAL LTD (REGISTERED NUMBER: 10028967) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

| The contributions are recognised as an expense in the income statement when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

| Impairment

| At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2023 - 6 ) .

4. | TANGIBLE FIXED ASSETS

Fixtures |

and | Computer |

fittings | equipment | Totals |

| £ | £ | £

| COST

| At 1 January 2024 | 9,361 |  | 14,944 |  | 24,305 |  |

| Additions | 3,527 |  | - |  | 3,527 |  |

| At 31 December 2024 | 12,888 |  | 14,944 |  | 27,832 |  |

| DEPRECIATION

| At 1 January 2024 | 5,713 |  | 8,430 |  | 14,143 |  |

| Charge for year | 1,794 |  | 1,628 |  | 3,422 |  |

| At 31 December 2024 | 7,507 |  | 10,058 |  | 17,565 |  |

| NET BOOK VALUE

| At 31 December 2024 | 5,381 |  | 4,886 |  | 10,267 |  |

| At 31 December 2023 | 3,648 |  | 6,514 |  | 10,162 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| £ | £

| Trade debtors | 3,097 |  | 12,833 |  |

| Other debtors | 13,717 |  | 7,299 |  |

16,814 |  | 20,132 |  |

| VETX INTERNATIONAL LTD (REGISTERED NUMBER: 10028967) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| £ | £

| Trade creditors | 351 |  | 85 |  |

| Taxation and social security | 5,587 |  | 11,200 |  |

| Other creditors | 9,915 |  | 15,310 |  |

15,853 |  | 26,595 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

| £ | £

| Other creditors | 193,529 |  | 193,529 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Other loans more 5yrs non-inst | 193,529 |  | 193,529 |  |

8. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

| £ | £

| Deferred tax | 2,541 |  | 2,261 |  |

Deferred tax |

| £

| Balance at 1 January 2024 | 2,261 |  |

| Accelerated capital allowances | 280 |  |

| Balance at 31 December 2024 | 2,541 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

value: |  | £ | £

| 1 | Ordinary | 1 | 1 |  | 1 |  |

10. | RELATED PARTY DISCLOSURES

| D K Nicol is a director and shareholder of Roundwood Vets Limited.

| During the year the company invoiced consultancy services of £40,837 (2023: £39,275) to Roundwood Vets Limited. Roundwood Vets Ltd owed £Nil (2023: £9,523) with respect to these consultancy services at 31 December 2024.

| At 31 December 2024, the company owed £946 (2023: £1,226) to Roundwood Vets Limited in respect of an intercompany loan.

| VETX INTERNATIONAL LTD (REGISTERED NUMBER: 10028967) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

11. | NEGATIVE RETAINED EARNINGS

| Under s830 of the Companies Act 2006 a company is prohibited from making a distribution except out of profits available for this purpose. If at the time of distribution the members know or have reasonable grounds for knowing that a distribution is unlawful they are liable to repay it (or that part of it, as the case may be) to the company in the event of a winding up as stipulated by s847 of the Companies Act 2006.

| At the time the dividend was paid the directors were not aware that there were insufficient profits available for distribution and the directors acknowledge that no further distributions can be made until there are sufficient profits available for that purpose.