Registration number:
Prepared for the registrar
for the
Period from 3 October 2024 to 31 October 2025
My Vet 24-7 #3 Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
My Vet 24-7 #3 Limited
Company Information
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Director |
Mrs A Doherty |
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Company secretary |
Mr D Doherty |
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Registered office |
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Accountants |
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My Vet 24-7 #3 Limited
(Registration number: 15995012)
Balance Sheet as at 31 October 2025
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Note |
2025 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current assets |
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Total assets less current liabilities |
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Deferred tax liabilities |
(3,908) |
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Net assets |
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Capital and reserves |
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Called up share capital |
12 |
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Retained earnings |
333,172 |
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Shareholders' funds |
333,184 |
For the financial period ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
Company secretary
Director
My Vet 24-7 #3 Limited
Notes to the Unaudited Financial Statements for the Period from 3 October 2024 to 31 October 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
Unit 2
Kingsway Business Centre
Wilton
Salisbury
SP2 0AH
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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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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. |
My Vet 24-7 #3 Limited
Notes to the Unaudited Financial Statements for the Period from 3 October 2024 to 31 October 2025
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
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
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.
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:
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Asset class |
Depreciation method and rate |
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Plant and machinery |
25% written down 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.
My Vet 24-7 #3 Limited
Notes to the Unaudited Financial Statements for the Period from 3 October 2024 to 31 October 2025
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.
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.
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.
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
Recognition and measurement
Impairment
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.
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Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
My Vet 24-7 #3 Limited
Notes to the Unaudited Financial Statements for the Period from 3 October 2024 to 31 October 2025
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Tangible assets |
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Plant & machinery |
Total |
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Cost |
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Additions |
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At 31 October 2025 |
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Depreciation |
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Charge for the |
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At 31 October 2025 |
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Carrying amount |
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At 31 October 2025 |
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Debtors |
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2025 |
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Trade debtors |
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Prepayments |
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Other debtors |
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Creditors |
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2025 |
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Due within one year |
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Trade creditors |
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Amounts due to related parties |
103,847 |
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Taxation and social security |
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Accruals and deferred income |
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My Vet 24-7 #3 Limited
Notes to the Unaudited Financial Statements for the Period from 3 October 2024 to 31 October 2025
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Deferred tax |
Deferred tax assets and liabilities
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2025 |
Liability |
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Difference between accumulated depreciation and amortisation and capital allowances |
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Share capital |
Allotted, called up and fully paid shares
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31 October 2025 |
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No. |
£ |
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Ordinary A of £1 each |
3 |
3 |
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Ordinary B of £1 each |
3 |
3 |
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Ordinary C of £1 each |
6 |
6 |
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12 |
12 |
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The different classes of shares referred to above carry separate rights to dividends but, in all other significant respects rank pari passu.
New shares allotted
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During the period |
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During the period |
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During the period |
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Related party transactions |
Summary of transactions with subsidiaries
During the period, My Vet 24-7 Limited charged My Vet #3 Limited £306,761 for the supply of the company's staff and purchases.
As at 31 October 2025, My Vet 24-7 #3 Limited owed My Vet 24-7 Limited £103,847. This amount is included in other creditors. There are no fixed repayment terms and no interest is charged. All transactions were on an arms length basis.