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Registration number: 10241530

Prepared for the registrar
Aylesbury Vets Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2025

Aylesbury Vets Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Aylesbury Vets Ltd

Company Information

Directors | S O Whipman E F Dale

Registered office | Unit D Walton Court Walton Court Centre Hannon Road Aylesbury HP21 8TJ

Accountants | Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX

Aylesbury Vets Ltd

(Registration number: 10241530)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 32,968 | 46,178
Current assets |  |  |
Stocks |  | 14,184 | 14,777
Debtors | 5 | 100,240 | 118,880
Cash at bank and in hand |  | 55,950 | 120,944
|  | 170,374 | 254,601
Creditors: Amounts falling due within one year | 6 | (149,966) | (179,676)
Net current assets |  | 20,408 | 74,925
Total assets less current liabilities |  | 53,376 | 121,103
Deferred tax liabilities | 7 | (2,623) | (435)
Net assets |  | 50,753 | 120,668
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | 50,751 | 120,666
Shareholders' funds |  | 50,753 | 120,668

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 March 2026 and signed on its behalf by:

S O Whipman
Director

E F Dale
Director

Aylesbury Vets Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

| 1 | General information

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

The address of its registered office is:
Unit D Walton Court
Walton Court Centre
Hannon Road
Aylesbury
HP21 8TJ
England

| 2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been 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 financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

Revenue represents amounts earned from clients for veterinary services and the sale of products. Revenue for the delivery of veterinary services and the sale of products is recognised when the veterinary consultation or procedure is completed and the goods are passed to the client.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Aylesbury Vets Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

The current income 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 income 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 income 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.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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
Land and buildings | 10% on cost
Plant and machinery | 25% reducing balance
Office equipment | 33.33% on cost
Fixtures and fittings | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Aylesbury Vets Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.
A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

| 3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 13).

Aylesbury Vets Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

| 4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost
At 1 July 2024 | 109,984 | 77,762 | 187,746
Additions | - | 975 | 975
At 30 June 2025 | 109,984 | 78,737 | 188,721
Depreciation
At 1 July 2024 | 76,826 | 64,742 | 141,568
Charge for the year | 10,999 | 3,186 | 14,185
At 30 June 2025 | 87,825 | 67,928 | 155,753
Carrying amount
At 30 June 2025 | 22,159 | 10,809 | 32,968
At 30 June 2024 | 33,158 | 13,020 | 46,178

Included within land and buildings above is £22,159 (2024: £33,158) in respect of long leasehold land and buildings.

| 5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 2,343 | 9,153
Prepayments | 4,897 | 16,727
Other debtors | 93,000 | 93,000
| 100,240 | 118,880

| 6 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 37,774 | 22,321
Taxation and social security | 80,085 | 95,934
Accruals and deferred income | 10,643 | 12,686
Other creditors | 21,464 | 48,735
| 149,966 | 179,676

Aylesbury Vets Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

| 7 | Deferred tax

Deferred tax assets and liabilities

2025 | Liability £
Difference between accumulated depreciation and capital allowances | 2,623
| 2,623

2024 | Liability £
Difference between accumulated depreciation and capital allowances | 435
| 435

| 8 | Related party transactions

Transactions with directors

Included in other creditors is £20,839 owed to the directors of the company (2024: £48,095). Interest is charged and there are no fixed terms for the repayment of this loan.

Summary of transactions with all entities with joint control or significant interest

At the balance sheet date, £93,000 was owed from Elf Lettings Ltd, a company in which the directors are directors and shareholders. This is included within other debtors.