REGISTERED NUMBER: 10536188 (England and Wales)

NEW FOREST EQUINE VETS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST JANUARY 2024 TO 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Dr Verena Caroline Jolly

REGISTERED OFFICE:

38 Rumbridge Street

Totton

Southampton

SO40 9DS

REGISTERED NUMBER:

10536188 (England and Wales)

ACCOUNTANTS:

Underwood Barron LLP

Monks Brook House

13 - 17 Hursley Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2FW

FIXED ASSETS

Tangible assets

4

42,398

38,910

CURRENT ASSETS

Stocks

3,096

8,296

Debtors

5

22,155

97,747

Cash at bank

99,063

101,041

124,314

207,084

CREDITORS

Amounts falling due within one year

6

77,301

98,359

NET CURRENT ASSETS

47,013

108,725

TOTAL ASSETS LESS CURRENT LIABILITIES

89,411

147,635

PROVISIONS FOR LIABILITIES

8,157

9,728

NET ASSETS

81,254

137,907

CAPITAL AND RESERVES

Called up share capital

60

120

Capital redemption reserve

60

-

Retained earnings

81,134

137,787

81,254

137,907

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th December 2025 and were signed by:

Dr Verena Caroline Jolly - Director

1.	STATUTORY INFORMATION

New Forest Equine Vets 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.

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 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.

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance basis

Computer/Office equipment

33% straight line basis

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 period 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st January 2024

63,895

2,279

66,174

Additions

24,453

332

24,785

Disposals

(7,835

)

(1,355

)

(9,190

)

At 31st March 2025

80,513

1,256

81,769

DEPRECIATION

At 1st January 2024

25,226

2,038

27,264

Charge for period

17,812

352

18,164

Eliminated on disposal

(4,702

)

(1,355

)

(6,057

)

At 31st March 2025

38,336

1,035

39,371

NET BOOK VALUE

At 31st March 2025

42,177

221

42,398

At 31st December 2023

38,669

241

38,910

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.23

£

£

Trade debtors

16,115

46,644

Other debtors

6,040

51,103

22,155

97,747

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.23

£

£

Trade creditors

32,211

17,539

Taxation and social security

26,102

63,410

Other creditors

18,988

17,410

77,301

98,359

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31st March 2025 and the year ended 31st December 2023:

31.3.25

31.12.23

£

£

Dr Verena Caroline Jolly

Balance outstanding at start of period

2,201

(4,036

)

Amounts advanced

28,841

17,098

Amounts repaid

(31,101

)

(10,861

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(59

)

2,201

Dr Beth Eleanor Robinson

Balance outstanding at start of period

39,238

(13,702

)

Amounts advanced

6,931

55,413

Amounts repaid

(46,169

)

(2,473

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

39,238

Directors' loan accounts were interest free and repayable upon demand.