Happy Pets Veterinary Practice Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 07129886

		2026		2025 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		86,941		110,677

			86,941		110,677
CURRENT ASSETS
Stocks	5	23,240		14,201
Debtors	6	9,722		11,474
Cash at bank and in hand		8,862		5,083

		41,824		30,758
Creditors: Amounts Falling Due Within One Year	7	(386,307 )		(364,394 )

NET CURRENT ASSETS (LIABILITIES)			(344,483 )		(333,636 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(257,542 )		(222,959 )

NET LIABILITIES			(257,542 )		(222,959 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Income Statement			(257,642 )		(223,059 )

SHAREHOLDERS' FUNDS			(257,542)		(222,959)

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Happy Pets Veterinary Practice Limited

Statement of Financial Position (continued)

As At 31 January 2026

For the year ending 31 January 2026 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr J C Hewitt

Director

21 August 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Happy Pets Veterinary Practice Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07129886 . The registered office is 4 Fenice Court Phoenix Business Park, Eaton Socon, United Kingdom, PE19 8EP.

The presentation currency of the financial statements is in Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The accounts have been prepared on the going concern basis on the assumption that the support of the company's parent company, Teleos Systems Limited, will continue. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of any borrowing facility.

2.3. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% on reducing balance
Fixtures & Fittings	20% on reducing balance
Computer Equipment	33% on cost

Improvements on property In line with remaining lease

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Happy Pets Veterinary Practice Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

2.8. Consolidation

The company and its subsidiaries comprise a small group. The company has therefore taken advantage of the exemption provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2025: 8)

4. Tangible Assets

	Land & Property
	Improvements	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	39,692	49,549	82,518	3,664	175,423

As at 31 January 2026	39,692	49,549	82,518	3,664	175,423

Depreciation
As at 1 February 2025	7,939	34,088	19,059	3,660	64,746
Provided during the period	7,938	3,097	12,701	-	23,736

As at 31 January 2026	15,877	37,185	31,760	3,660	88,482

...CONTINUED

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Happy Pets Veterinary Practice Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

Net Book Value
As at 31 January 2026	23,815	12,364	50,758	4	86,941

As at 1 February 2025	31,753	15,461	63,459	4	110,677

5. Stocks

	2026	2025 as restated
	£	£
Materials	23,240	14,201

6. Debtors

	2026	2025 as restated
	£	£
Due within one year
Trade debtors	8,068	9,218
Prepayments and accrued income	1,654	1,910
Other debtors	-	346

	9,722	11,474

7. Creditors: Amounts Falling Due Within One Year

	2026	2025 as restated
	£	£
Trade creditors	13,736	44,012
Other taxes and social security	4,284	6,428
VAT	4,741	2,153
Other creditors	651	-
Accruals and deferred income	3,265	3,437
Amounts owed to related parties	359,630	308,364

	386,307	364,394

8. Share Capital

	2026	2025 as restated
	£	£
Allotted, Called up and fully paid	100	100

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Happy Pets Veterinary Practice Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025 as restated
	£	£
Not later than one year	20,040	20,040
Later than one year and not later than five years	60,120	80,160

	80,160	100,200

The rent is reviewed every two years.

10. Related Party Transactions

Teleos Systems Ltd

Parent company

At the year end, the company owed Teleos Systems Limited, £359,630 (2025 - £308,364) which is shown within note 7 of the accounts and is repayable on demand.

11. Ultimate Controlling Party

Mr J Hewitt and Mr E Robertson have ultimate control by way of their shareholding in Teleos Systems Limited .

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