Registration number: 07464478

WTVETS LTD

trading as Watkins & Tasker Vets

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 6

WTVETS LTD

trading as Watkins & Tasker Vets

(Registration number: 07464478)
Abridged Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	97,225	116,669
Tangible assets	5	623,380	741,647
Other financial assets	6	30,000	-
		750,605	858,316
Current assets
Stocks		85,927	106,188
Debtors		218,283	207,135
Cash at bank and in hand		372,525	359,856
		676,735	673,179
Creditors: Amounts falling due within one year	7	(579,193)	(529,428)
Net current assets		97,542	143,751
Total assets less current liabilities		848,147	1,002,067
Creditors: Amounts falling due after more than one year	8	(366,692)	(510,662)
Provisions for liabilities		(56,442)	(78,208)
Net assets		425,013	413,197
Capital and reserves
Called up share capital		100	100
Profit and loss account		424,913	413,097
Total equity		425,013	413,197

WTVETS LTD

trading as Watkins & Tasker Vets

(Registration number: 07464478)
Abridged Balance Sheet as at 31 December 2025

For the financial year ending 31 December 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 his 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
 

Mr S Tasker

Director

WTVETS LTD

trading as Watkins & Tasker Vets

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 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:
57 High Street
Yatton
North Somerset
BS49 4EQ

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 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
Leasehold property	Over the life of the lease
Equipment, fixtures and fittings	25% straight line basis

WTVETS LTD

trading as Watkins & Tasker Vets

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

Office equipment	33% straight line basis
Plant and machinery	25% straight line basis
Motor vehicles	25% reducing balance

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	5% straight line basis

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

Stocks

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

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 57 (2024 - 60).

4	Intangible assets

	Total £
Cost or valuation
At 1 January 2025	388,885
At 31 December 2025	388,885
Amortisation
At 1 January 2025	272,216
Amortisation charge	19,444
At 31 December 2025	291,660
Carrying amount
At 31 December 2025	97,225
At 31 December 2024	116,669

WTVETS LTD

trading as Watkins & Tasker Vets

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

5	Tangible assets

	Total £
Cost or valuation
At 1 January 2025	1,776,939
Additions	65,039
Disposals	(59,812)
At 31 December 2025	1,782,166
Depreciation
At 1 January 2025	1,035,292
Charge for the year	158,139
Eliminated on disposal	(34,645)
At 31 December 2025	1,158,786
Carrying amount
At 31 December 2025	623,380
At 31 December 2024	741,647

6	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
Additions	30,000	30,000
At 31 December 2025	30,000	30,000
Carrying amount
At 31 December 2025	30,000	30,000

7	Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £60,700 (2024 - £66,600).

WTVETS LTD

trading as Watkins & Tasker Vets

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

8	Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £366,692 (2024 - £510,662).

Creditors include bank loans repayable by instalments of £123,891 (2024 - £244,263) due after more than five years.

9	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 £1,873 (2024 - £3,917).