REGISTERED NUMBER: NI067357 (Northern Ireland)

Unaudited Financial Statements

for the Year Ended

31 December 2025

for

Flynn Veterinary Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Flynn

C Flynn

SECRETARY:

D Flynn

REGISTERED OFFICE:

5 Danesfort Park Central

Belfast

BT9 7RE

REGISTERED NUMBER:

NI067357 (Northern Ireland)

ACCOUNTANTS:

M.B.McGrady & Co

Chartered Accountants

Rathmore House

52 St Patricks Avenue

Downpatrick

Co. Down

BT30 6DS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

915,479

936,487

915,479

936,487

CURRENT ASSETS

Stocks

66,500

51,465

Debtors

6

75,414

201,122

Cash at bank and in hand

493,695

132,484

635,609

385,071

CREDITORS

Amounts falling due within one year

7

343,025

369,222

NET CURRENT ASSETS

292,584

15,849

TOTAL ASSETS LESS CURRENT LIABILITIES

1,208,063

952,336

CREDITORS

Amounts falling due after more than one year

8

-

(6,413

)

PROVISIONS FOR LIABILITIES

(41,303

)

(46,386

)

NET ASSETS

1,166,760

899,537

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

1,166,750

899,527

1,166,760

899,537

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 7 May 2026 and were signed on its behalf by:

D Flynn - Director

C Flynn - Director

1.	STATUTORY INFORMATION

Flynn Veterinary Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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.

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 0, is being amortised evenly over its estimated useful life of nil 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.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 38 (2024 - 31 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

39,297

AMORTISATION

At 1 January 2025

and 31 December 2025

39,297

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

837,427

514,558

1,351,985

Additions

1,393

16,236

17,629

At 31 December 2025

838,820

530,794

1,369,614

DEPRECIATION

At 1 January 2025

88,206

327,292

415,498

Charge for year

1,758

36,879

38,637

At 31 December 2025

89,964

364,171

454,135

NET BOOK VALUE

At 31 December 2025

748,856

166,623

915,479

At 31 December 2024

749,221

187,266

936,487

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade debtors

67,759

41,710

Other debtors

7,655

159,412

75,414

201,122

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Bank loans and overdrafts

6,157

10,098

Trade creditors

39,863

105,224

Taxation and social security

288,825

210,864

Other creditors

8,180

43,036

343,025

369,222

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/25

31/12/24

£

£

Bank loans

-

6,413