Vectis Equine Vets Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 5

Vectis Equine Vets Limited

(Registration number: 8083805)
Abridged Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	74,789	86,244
Current assets
Stocks		17,651	16,056
Debtors		57,730	38,753
Cash at bank and in hand		86,285	86,024
		161,666	140,833
Creditors: Amounts falling due within one year		(167,752)	(155,088)
Net current liabilities		(6,086)	(14,255)
Total assets less current liabilities		68,703	71,989
Creditors: Amounts falling due after more than one year		(422)	(2,755)
Provisions for liabilities		(14,793)	(15,190)
Net assets		53,488	54,044
Capital and reserves
Called up share capital		100	100
Profit and loss account		53,388	53,944
Total equity		53,488	54,044

Vectis Equine Vets Limited

(Registration number: 8083805)
Abridged Balance Sheet as at 31 July 2025

For the financial year ending 31 July 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 director acknowledges her 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 director on 25 April 2026
 

K Vincett

Director

Vectis Equine Vets Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 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:
Systems House
St Cross Lane
Newport
Isle of Wight
PO30 5BZ

These financial statements were authorised for issue by the director on 25 April 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 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.

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
Motor vehicles	25% reducing balance
Fixtures and equipment	15% reducing balance

Vectis Equine Vets Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2024 - 6).

4	Intangible assets

	Total £
Cost or valuation
At 1 August 2024	1
At 31 July 2025	1
Amortisation
Amortisation charge	1
At 31 July 2025	1
Carrying amount
At 31 July 2025	-

Vectis Equine Vets Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

5	Tangible assets

	Total £
Cost or valuation
At 1 August 2024	228,568
Additions	21,588
Disposals	(23,929)
At 31 July 2025	226,227
Depreciation
At 1 August 2024	142,324
Charge for the year	15,754
Eliminated on disposal	(6,640)
At 31 July 2025	151,438
Carrying amount
At 31 July 2025	74,789
At 31 July 2024	86,244

6	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £12,426 (2024 - £Nil).