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Registration number: 13685077

Wight Vets Ltd
Annual Report and Unaudited Filleted Abridged Financial Statements
for the Year Ended 30 April 2025

Wight Vets Ltd

Contents

Abridged Balance Sheet | 1 to 2
Notes to the Unaudited Abridged Financial Statements | 3 to 4

Wight Vets Ltd

(Registration number: 13685077)
Abridged Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 58,702 | 78,721
Current assets |  |  |
Stocks |  | 20,011 | 12,078
Debtors |  | 118,312 | 63,475
Cash at bank and in hand |  | 148,062 | 142,944
|  | 286,385 | 218,497
Creditors: Amounts falling due within one year |  | (201,885) | (197,362)
Net current assets |  | 84,500 | 21,135
Total assets less current liabilities |  | 143,202 | 99,856
Creditors: Amounts falling due after more than one year |  | (55,000) | (55,000)
Provisions for liabilities |  | (12,540) | (15,430)
Net assets |  | 75,662 | 29,426
Capital and reserves |  |  |
Called up share capital |  | 200 | 200
Profit and loss account |  | 75,462 | 29,226
Total equity |  | 75,662 | 29,426

Wight Vets Ltd

(Registration number: 13685077)
Abridged Balance Sheet as at 30 April 2025

For the financial year ending 30 April 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 18 January 2026 and signed on its behalf by:

J D Knight

Director

E E Knight

Director

Wight Vets Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
15 Chapel Street
Newport
Isle of Wight
PO30 1PY

These financial statements were authorised for issue by the Board on 18 January 2026.

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.

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
Long leasehold land and buildings | 6.67% Straight line
Plant and machinery | 25% Reducing balance
Motor vehicles | 25% Reducing balance
Office equipment | 25% Reducing balance

Wight Vets Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2024 - 9).

4 | Tangible assets

| Total £
Cost or valuation
At 1 May 2024 | 125,155
Additions | 8,076
Disposals | (12,500)
At 30 April 2025 | 120,731
Depreciation
At 1 May 2024 | 46,434
Charge for the year | 15,595
At 30 April 2025 | 62,029
Carrying amount
At 30 April 2025 | 58,702
At 30 April 2024 | 78,721