Company registration number: 04504253
Unaudited financial statements
for the year ended 31 August 2025
for
Animal Veterinary Services Limited
Pages for filing with the Registrar
Animal Veterinary Services Limited
Chartered Accountants' Report to the Board of Directors for the preparation of the
unaudited financial statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Animal Veterinary Services Limited for the year ended 31 August 2025 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at https://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Animal Veterinary Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Animal Veterinary Services Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Animal Veterinary Services Limited and its Board of Directors, as a body, for our work, or for this report.
It is your duty to ensure that Animal Veterinary Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Animal Veterinary Services Limited. You consider that Animal Veterinary Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Animal Veterinary Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Mitchell Chartered Accountants
Marlborough
Hillcrest
Helston
Cornwall
TR13 8UN
United Kingdom
Date: 8 December 2025
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Company registration number: 04504253
Animal Veterinary Services Limited
Balance sheet
as at 31 August 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 647,591 823,342
Investment property 5 148,500 405,000
796,091 1,228,342
Current assets
Stocks 25,892 24,567
Debtors 131,034 123,982
Cash at bank and in hand 365,281 36,867
522,207 185,416
Creditors: amounts falling due within one
year 		(157,485) (192,137)
Net current assets/(liabilities) 364,722 (6,721)
Total assets less current liabilities 1,160,813 1,221,621
Creditors: Amounts falling due after more
than one year 		- (93,429)
Provisions for liabilities (20,493) (22,150)
NET ASSETS 1,140,320 1,106,042
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,140,220 1,105,942
TOTAL EQUITY 1,140,320 1,106,042
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 August 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04504253
Animal Veterinary Services Limited
Balance sheet - continued
as at 31 August 2025
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 to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 8 December 2025 and signed on its behalf by:
Mr J McCotter, Director Mr P McCotter, Director
8 December 2025 8 December 2025
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Animal Veterinary Services Limited
Notes to the financial statements
for the year ended 31 August 2025
1 Company information
Animal Veterinary Services Limited is a private company registered in England and Wales. Its registered number is 04504253. The company is limited by shares. Its registered office is 18 Fore Street, Copperhouse, Hayle, Cornwall, TR27 4DY.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 2% straight line
Plant and machinery etc.:
Improvements to property - 5% straight line
Plant and machinery - 10% straight line
Fixtures & fittings - 10% straight line
Motor vehicles - 20% straight line
Computer equipment - 20% straight line
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
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Animal Veterinary Services Limited
Notes to the financial statements - continued
for the year ended 31 August 2025
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current and deferred taxation. 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 17 (2024 - 15).
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Animal Veterinary Services Limited
Notes to the financial statements - continued
for the year ended 31 August 2025
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 September 2024 827,969 366,714 1,194,683
Additions - 11,686 11,686
Disposals (182,281) (118) (182,399)
At 31 August 2025 645,688 378,282 1,023,970
Depreciation
At 1 September 2024 131,435 239,906 371,341
Charge for year 8,314 19,793 28,107
Eliminated on disposal (22,973) (96) (23,069)
At 31 August 2025 116,776 259,603 376,379
Net book value
At 31 August 2025 528,912 118,679 647,591
At 31 August 2024 696,534 126,808 823,342
At the year-end the director's re-valued the investment properties. They have downgraded the valuation and both properties are worth less than cost.
5 Investment property
£
Valuation
At 1 September 2024 405,000
Disposals (242,670)
Impairments (13,830)
At 31 August 2025 148,500
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Animal Veterinary Services Limited
Notes to the financial statements - continued
for the year ended 31 August 2025
6 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024.
2025 2024
£ £
Mr PJ and Mrs GM McCotter
Balance outstanding at start of year (6,654) (31,981)
Amounts advanced 13,918 52,367
Amounts repaid (12,842) (27,041)
Balance outstanding at end of year (5,578) (6,654)
No interest is charged on this loan. The loan is repayable on demand. The company pays for personal items for the directors and this is repaid by their dividends and business expenses paid personally.
2025 2024
£ £
Jonathan McCotter
Balance outstanding at start of year (45,879) (31,869)
Amounts advanced 77,011 32,936
Amounts repaid (35,828) (46,946)
Balance outstanding at end of year (4,696) (45,879)
Interest is charged on this loan at the official rate. The loan is repayable on demand. The company pays for personal items for the director and this is repaid by their dividends and business expenses paid personally.
7 Share capital
The company has 100 Ordinary £1 shares that have been allotted, issued and fully paid.
8 Debtors
Debtors consists of trade debtors £49,955 (2024: £31,175), other debtors £15,336 (2024: £11,481) directors' current accounts £10,275 (2024: £53,419) and prepayments £55,468 (2024: £27,907).
9 Creditors
Creditors consist of bank loans and overdrafts £21,947 (2024: £72,854), trade creditors £19,996 (2024: £55,632), other creditors £37,329 (2024: £38,818), accruals £27,176 (2024: £7,884) and taxation and social security £51,037 (2024: £16,949).
10 Secured liabilities
There were no secured liabilities at the 31 August 2025. At the previous year-end £14,438 of hire purchase contracts were secured on the asset purchasing and there was a loan secured on the flat of £66,493, total £80,931.
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