Company No: 06665083 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	M V Buchanan
	P W J N Buchanan
	Dr S S Snader

SECRETARY

P W J N Buchanan

REGISTERED OFFICE	120 Wood Lane
	Timperley
	Altrincham
	WA15 7PJ
	United Kingdom

COMPANY NUMBER

06665083 (England and Wales)

ACCOUNTANT	S&W Partners (Manchester) Limited
	Pall Mall
	1 Pollen Square
	59 King Street
	Manchester
	M2 4PD

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	28,030		38,102
		28,030		38,102
Current assets
Stocks		71,640		74,687
Debtors	4	85,982		118,424
Cash at bank and in hand		508,598		359,240
		666,220		552,351
Creditors: amounts falling due within one year	5	( 296,618)		( 278,844)
Net current assets		369,602		273,507
Total assets less current liabilities		397,632		311,609
Provision for liabilities	6	( 7,008)		( 9,525)
Net assets		390,624		302,084
Capital and reserves
Called-up share capital	7	1,000		1,000
Profit and loss account		389,624		301,084
Total shareholders' funds		390,624		302,084

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

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Buchananvets Ltd (registered number: 06665083) were approved and authorised for issue by the Board of Directors on 21 October 2026. They were signed on its behalf by:

P W J N Buchanan Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Buchananvets Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 120 Wood Lane, Timperley, Altrincham, WA15 7PJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Buchananvets Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

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. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	5 years straight line
Plant and machinery etc.	25 % reducing balance

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Profit and Loss Account in administrative expenses.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	20		21

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 June 2025	46,092		179,631		225,723
At 31 May 2026	46,092		179,631		225,723
Accumulated depreciation
At 01 June 2025	24,939		162,682		187,621
Charge for the financial year	5,834		4,238		10,072
At 31 May 2026	30,773		166,920		197,693
Net book value
At 31 May 2026	15,319		12,711		28,030
At 31 May 2025	21,153		16,949		38,102

4. Debtors

	2026		2025
	£		£
Trade debtors	50,485		83,685
Other debtors	35,497		34,739
	85,982		118,424

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	58,298		59,956
Taxation and social security	231,511		210,818
Other creditors	6,809		8,070
	296,618		278,844

6. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 9,525)		( 6,914)
Credited/(charged) to the Profit and Loss Account	2,517		( 2,611)
At the end of financial year	( 7,008)		( 9,525)

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
250 A Ordinary shares of £ 0.50 each	125		125
250 B Ordinary shares of £ 0.50 each	125		125
500 C Ordinary shares of £ 0.50 each	250		250
1,000 D Ordinary shares of £ 0.50 each	500		500
	1,000		1,000