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Registration number: 09502720

Prepared for the registrar
Animal Doctors South Wales Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2026

Animal Doctors South Wales Limited

Contents

Company Information | 1
Balance Sheet | 2
Statement of Changes in Equity | 3
Notes to the Unaudited Financial Statements | 4 to 11

Animal Doctors South Wales Limited

Company Information

Director | A B E Rauprich-Kaufhold

Registered office | The Carpenters Arms Veterinary Clinic High Street Clydach SA6 5LN

Accountants | Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX

Animal Doctors South Wales Limited

(Registration number: 09502720)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 5 | 47,841 | 54,288
Current assets |  |  |
Stocks |  | 25,043 | 23,883
Debtors | 6 | 354,795 | 312,218
Cash at bank and in hand |  | 51,008 | 40,295
|  | 430,846 | 376,396
Creditors: Amounts falling due within one year | 7 | (181,608) | (158,522)
Net current assets |  | 249,238 | 217,874
Total assets less current liabilities |  | 297,079 | 272,162
Creditors: Amounts falling due after more than one year | 7 | (11,962) | (19,568)
Deferred tax liabilities | 8 | (5,929) | (7,619)
Net assets |  | 279,188 | 244,975
Capital and reserves |  |  |
Called up share capital | 10 | 100 | 100
Retained earnings |  | 279,088 | 244,875
Shareholders' funds |  | 279,188 | 244,975

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | 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 their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 August 2026

A B E Rauprich-Kaufhold
Director

Animal Doctors South Wales Limited

Statement of Changes in Equity for the Year Ended 31 March 2026

| Share capital £ | Retained earnings £ | Total £
At 1 April 2025 | 100 | 244,875 | 244,975
Profit for the year | - | 94,213 | 94,213
Dividends | - | (60,000) | (60,000)
At 31 March 2026 | 100 | 279,088 | 279,188

| Share capital £ | Retained earnings £ | Total £
At 1 April 2024 | 100 | 207,517 | 207,617
Profit for the year | - | 97,358 | 97,358
Dividends | - | (60,000) | (60,000)
At 31 March 2025 | 100 | 244,875 | 244,975

Animal Doctors South Wales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

| 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:
The Carpenters Arms Veterinary Clinic
High Street
Clydach
SA6 5LN
Wales

| 2 | 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 current forecasts and projections, together with the facilities available to the company, 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.

Animal Doctors South Wales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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

Revenue represents amounts earned from clients for veterinary services and the sale of products. Revenue for the delivery of veterinary services and the sale of products is recognised when the veterinary consultation or procedure is completed and the goods are passed to the client.
The company also operates a Pet Health Plan (“PHP”), where members pay an annual subscription fee on a monthly basis and receive a variety of benefits including consultations and treatments periodically plus discounts on certain products and services whilst they are a member. The monthly subscription receipt is recognised as revenue when it is received by the company from the client.

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:

Asset class | Depreciation method and rate
Plant and machinery | 20% of cost
Fixtures and fittings | 25% of cost
Motor Vehicles | 25% of written down value

Goodwill

Goodwill is amortised over its useful life, which shall not exceed five years if a reliable estimate of the useful life cannot be made.

Intangible assets

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date.

Animal Doctors South Wales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in 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.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Animal Doctors South Wales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.
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.

| 3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was as follows:

| 2026 No. | 2025 No.
Average number of employees | 16 | 16

| 4 | Intangible assets

| Goodwill £ | Total £
Cost
At 1 April 2025 | 50,000 | 50,000
At 31 March 2026 | 50,000 | 50,000
Amortisation
At 1 April 2025 | 50,000 | 50,000
At 31 March 2026 | 50,000 | 50,000
Carrying amount
At 31 March 2026 | - | -

Animal Doctors South Wales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

| 5 | Tangible assets

| Leasehold land and buildings £ | Furniture, fittings and equipment £ | Plant and equipment £ | Total £
Cost
At 1 April 2025 | 22,042 | 56,061 | 120,494 | 198,597
Additions | - | - | 3,430 | 3,430
At 31 March 2026 | 22,042 | 56,061 | 123,924 | 202,027
Depreciation
At 1 April 2025 | - | 43,286 | 101,022 | 144,308
Charge for the year | - | 4,144 | 5,734 | 9,878
At 31 March 2026 | - | 47,430 | 106,756 | 154,186
Carrying amount
At 31 March 2026 | 22,042 | 8,631 | 17,168 | 47,841
At 31 March 2025 | 22,042 | 12,775 | 19,471 | 54,288

Animal Doctors South Wales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

| 6 | Debtors

| 2026 £ | 2025 £
Trade debtors | 25,116 | 21,414
Receivables from related parties | 273,973 | 215,627
Prepayments | 3,182 | 2,403
Other debtors | 52,524 | 72,774
| 354,795 | 312,218

| 7 | Creditors

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 9 | 24,607 | 26,029
Trade creditors |  | 62,051 | 13,026
Taxation and social security |  | 83,983 | 110,339
Accruals and deferred income |  | 9,495 | 9,025
Other creditors |  | 1,472 | 103
|  | 181,608 | 158,522

| 8 | Deferred tax

Deferred tax assets and liabilities

2026 | Liability £
Differences between accumulated depreciation and amortisation and capital allowances | 6,087
Short term timing differences | (158)
| 5,929

2025 | Liability £
Differences between accumulated depreciation and amortisation and capital allowances | 7,619
| 7,619

Animal Doctors South Wales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

| 9 | Loans and borrowings

Current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | 6,667 | 11,153
Bank overdrafts | 15,848 | 12,784
Hire purchases | 2,092 | 2,092
| 24,607 | 26,029

Non-current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | - | 5,514
Hire purchases | 11,962 | 14,054
| 11,962 | 19,568

| 10 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

| 11 | Financial commitments

The total of future minimum lease payments is as follows:

| 2026 £ | 2025 £
Not later than one year | - | 14,550

The amount of non-cancellable operating lease payments recognised as an expense during the year was £40,200 (2025 £40,200).

Animal Doctors South Wales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

| 12 | Related party transactions

Summary of transactions with key management

Key management personnel are considered to be the directors of the company.

At the year end the directors owed the company £273,973 (2025: £215,627). This is shown in amounts owed by related parties. There are no fixed repayment terms and and no interest is charged.

Transactions with the director

2026 | At 1 April 2025 £ | Advances to director £ | Repayments by director £ | At 31 March 2026 £
A B E Rauprich-Kaufhold
Director's Loan Account | 110,013 | 87,813 | (39,291) | 158,535

2025 | At 1 April 2024 £ | Advances to director £ | Repayments by director £ | At 31 March 2025 £
A B E Rauprich-Kaufhold
Director's Loan Account | 78,483 | 70,938 | (39,408) | 110,013