REGISTERED NUMBER: 08160110 (England and Wales)

FISHGUARD VETERINARY SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

100,000

133,333

Tangible assets

5

179,122

186,715

279,122

320,048

CURRENT ASSETS

Stocks

24,313

26,724

Debtors

87,942

87,371

Cash at bank and in hand

354,538

348,171

466,793

462,266

CREDITORS

Amounts falling due within one year

300,629

296,557

NET CURRENT ASSETS

166,164

165,709

TOTAL ASSETS LESS CURRENT LIABILITIES

445,286

485,757

CREDITORS

Amounts falling due after more than one year

6

186,436

205,597

NET ASSETS

258,850

280,160

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

258,750

280,060

SHAREHOLDERS' FUNDS

258,850

280,160

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

Mr A D Clemence - Director

1.	STATUTORY INFORMATION

Fishguard Veterinary Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08160110

Registered office:

Trem y Mor

Fishguard

Pembrokeshire

SA65 9DW

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.

The accounts have been prepared on a going concern basis as in the directors opinion the company has sufficient funds and future income to continue into the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

20% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

500,000

AMORTISATION

At 1 April 2024

366,667

Amortisation for year

33,333

At 31 March 2025

400,000

NET BOOK VALUE

At 31 March 2025

100,000

At 31 March 2024

133,333

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

385,030

Additions

38,143

Disposals

(14,200

)

At 31 March 2025

408,973

DEPRECIATION

At 1 April 2024

198,315

Charge for year

38,041

Eliminated on disposal

(6,505

)

At 31 March 2025

229,851

NET BOOK VALUE

At 31 March 2025

179,122

At 31 March 2024

186,715

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans more 5 yr by instal

113,184

135,730

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

204,749

223,064

The bank loan is secured on specific personal assets of the directors.

8.	ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is Mr A Clemence & Mrs B Clemence by virtue of their shareholding.