| Award Veterinary Sciences Ltd |
| Registered number: |
09096746 |
| Balance Sheet |
| as at 30 June 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
49,022 |
|
|
5,716 |
|
| Current assets |
| Debtors |
4 |
|
18,940 |
|
|
- |
| Cash at bank and in hand |
|
|
174,854 |
|
|
13,095 |
|
|
|
193,794 |
|
|
13,095 |
|
| Creditors: amounts falling due within one year |
5 |
|
(94,077) |
|
|
(15,886) |
|
| Net current assets/(liabilities) |
|
|
|
99,717 |
|
|
(2,791) |
|
| Total assets less current liabilities |
|
|
|
148,739 |
|
|
2,925 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(18,634) |
|
|
- |
|
| Provisions for liabilities |
|
|
|
- |
|
|
(2,212) |
|
|
| Net assets |
|
|
|
130,105 |
|
|
713 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
130,103 |
|
|
711 |
|
| Shareholders' funds |
|
|
|
130,105 |
|
|
713 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Dr A C Ward |
| Director |
| Approved by the board on 7 July 2026 |
|
| Award Veterinary Sciences Ltd |
| Notes to the Accounts |
| for the year ended 30 June 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of veterinary services. Turnover from the rendering of services is recognised in the financial statements in the period the services are provided. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
4 years straight line |
|
Computer equipment |
4 years straight line |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is not recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments as this is considered immaterial to the true and fair view of the financial statements. |
|
|
Leased assets |
|
Leases are classified as finance leases where substantially all the risks and rewards of ownership are transferred to the Company. All other leases are classified as operating leases.
Assets held under finance leases are recognised as tangible fixed assets and corresponding liabilities at the inception of the lease at the lower of fair value and the present value of the minimum lease payments. Lease payments are apportioned between finance charges and the reduction of the outstanding liability using the effective interest method, so as to produce a constant rate of interest on the remaining balance. Finance charges are recognised in profit or loss over the lease term.
Assets held under finance leases are depreciated in accordance with the Company’s depreciation policy for similar owned assets. Where there is no reasonable certainty that ownership will transfer at the end of the lease term, the asset is depreciated over the shorter of the lease term and its useful economic life.
Operating lease rentals are charged to profit or loss on a straight-line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
10 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 July 2025 |
19,425 |
|
19,175 |
|
38,600 |
|
Additions |
49,405 |
|
13,905 |
|
63,310 |
|
At 30 June 2026 |
68,830 |
|
33,080 |
|
101,910 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2025 |
18,812 |
|
14,072 |
|
32,884 |
|
Charge for the year |
12,964 |
|
7,040 |
|
20,004 |
|
At 30 June 2026 |
31,776 |
|
21,112 |
|
52,888 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2026 |
37,054 |
|
11,968 |
|
49,022 |
|
At 30 June 2025 |
613 |
|
5,103 |
|
5,716 |
|
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade debtors |
16,462 |
|
- |
|
Other debtors |
2,478 |
|
- |
|
|
|
|
|
|
18,940 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans and overdrafts |
368 |
|
4,666 |
|
Obligations under finance lease and hire purchase contracts |
6,099 |
|
- |
|
Trade creditors |
30,875 |
|
- |
|
Taxation and social security costs |
56,735 |
|
8,210 |
|
Other creditors |
- |
|
3,010 |
|
|
|
|
|
|
94,077 |
|
15,886 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Other creditors |
18,634 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Award Veterinary Sciences Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
3 Monks Hill |
|
Westbourne |
|
Emsworth |
|
Hampshire |
|
P010 8SX |