Registered number
04857201
Gosport Chiropractic Clinic Ltd
Filleted Accounts
31 August 2021
Gosport Chiropractic Clinic Ltd
Registered number: 04857201
Balance Sheet
as at 31 August 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 112,417 143,289
Current assets
Stocks 610 545
Debtors 4 4,992 2,965
Cash at bank and in hand 13,815 27,501
19,417 31,011
Creditors: amounts falling due within one year 5 (73,029) (85,650)
Net current liabilities (53,612) (54,639)
Total assets less current liabilities 58,805 88,650
Creditors: amounts falling due after more than one year 6 (61,831) (75,362)
Net (liabilities)/assets (3,026) 13,288
Capital and reserves
Called up share capital 2 2
Profit and loss account (3,028) 13,286
Shareholder's funds (3,026) 13,288
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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 J R Waller
Director
Approved by the board on 31 July 2022
Gosport Chiropractic Clinic Ltd
Notes to the Accounts
for the year ended 31 August 2021
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2020 149,693 141,389 291,082
Additions 7,670 - 7,670
At 31 August 2021 157,363 141,389 298,752
Depreciation
At 1 September 2020 59,361 88,432 147,793
Charge for the year 17,907 20,635 38,542
At 31 August 2021 77,268 109,067 186,335
Net book value
At 31 August 2021 80,095 32,322 112,417
At 31 August 2020 90,332 52,957 143,289
4 Debtors 2021 2020
£ £
Trade debtors 1,457 566
Other debtors 3,535 2,399
4,992 2,965
5 Creditors: amounts falling due within one year 2021 2020
£ £
Bank loans and overdrafts 17,854 11,231
Trade creditors 18,468 16,563
Taxation and social security costs 1,039 84
Other creditors 35,668 57,772
73,029 85,650
6 Creditors: amounts falling due after one year 2021 2020
£ £
Bank loans 61,831 75,362
7 Controlling party
The director is considered to be the ultimate controlling party by virtue of her ability to act inconsort in respect of the financial and operational management of the company.
8 Other information
Gosport Chiropractic Clinic Ltd is a private company limited by shares and incorporated in England. Its registered office is:
52 Holly Grove
Fareham
Hampshire
PO16 7UP
Gosport Chiropractic Clinic Ltd 04857201 false 2020-09-01 2021-08-31 2021-08-31 VT Final Accounts April 2022 Dr J R Waller No description of principal activity 04857201 2019-09-01 2020-08-31 04857201 core:WithinOneYear 2020-08-31 04857201 core:AfterOneYear 2020-08-31 04857201 core:ShareCapital 2020-08-31 04857201 core:RetainedEarningsAccumulatedLosses 2020-08-31 04857201 2020-09-01 2021-08-31 04857201 bus:PrivateLimitedCompanyLtd 2020-09-01 2021-08-31 04857201 bus:AuditExempt-NoAccountantsReport 2020-09-01 2021-08-31 04857201 bus:Director40 2020-09-01 2021-08-31 04857201 1 2020-09-01 2021-08-31 04857201 2 2020-09-01 2021-08-31 04857201 core:LandBuildings 2020-09-01 2021-08-31 04857201 core:PlantMachinery 2020-09-01 2021-08-31 04857201 countries:England 2020-09-01 2021-08-31 04857201 bus:FRS102 2020-09-01 2021-08-31 04857201 bus:FullAccounts 2020-09-01 2021-08-31 04857201 2021-08-31 04857201 core:WithinOneYear 2021-08-31 04857201 core:AfterOneYear 2021-08-31 04857201 core:ShareCapital 2021-08-31 04857201 core:RetainedEarningsAccumulatedLosses 2021-08-31 04857201 core:LandBuildings 2021-08-31 04857201 core:PlantMachinery 2021-08-31 04857201 2020-08-31 04857201 core:LandBuildings 2020-08-31 04857201 core:PlantMachinery 2020-08-31 iso4217:GBP xbrli:pure