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2021-07-01
Sage Accounts Production 2020 Update 1 - FRS102_2019
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Company registration number:
07154941
Spinal Care Clinics Limited
Unaudited filleted financial statements
30 June 2022
Spinal Care Clinics Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Spinal Care Clinics Limited
Directors and other information
|
|
|
|
Directors |
Mrs Lill Raphael |
|
|
Mr Ronen Raphael |
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|
|
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|
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|
Company number |
07154941 |
|
|
|
|
|
|
|
Registered office |
195 St Marys Lane |
|
|
Upminster |
|
|
Essex |
|
|
RM14 3BU |
|
|
|
|
|
|
|
Accountants |
Hunter & Co Ltd |
|
|
195 St Marys Lane |
|
|
Upminster |
|
|
Essex |
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|
RM14 3BU |
|
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|
Spinal Care Clinics Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Spinal Care Clinics Limited
Year ended 30 June 2022
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 June 2022 which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
....................................................
Hunter & Co Ltd
Chartered Certified Accountants
195 St Marys Lane
Upminster
Essex
RM14 3BU
18 August 2022
................................................
Date
Spinal Care Clinics Limited
Statement of financial position
30 June 2022
|
|
|
2022 |
|
|
|
2021 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
4 |
- |
|
|
|
- |
|
|
Tangible assets |
|
5 |
899,809 |
|
|
|
880,053 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
899,809 |
|
|
|
880,053 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
7,559 |
|
|
|
6,094 |
|
|
Debtors |
|
6 |
30,046 |
|
|
|
20,107 |
|
|
Cash at bank and in hand |
|
|
419,797 |
|
|
|
364,339 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
457,402 |
|
|
|
390,540 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
213,103) |
|
|
|
(
192,104) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
244,299 |
|
|
|
198,436 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
1,144,108 |
|
|
|
1,078,489 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
8 |
|
|
(
355,579) |
|
|
|
(
385,727) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
3,028) |
|
|
|
(
1,045) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
785,501 |
|
|
|
691,717 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
4 |
|
|
|
4 |
Revaluation reserve |
|
|
|
|
20,000 |
|
|
|
- |
Profit and loss account |
|
|
|
|
765,497 |
|
|
|
691,713 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
785,501 |
|
|
|
691,717 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
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|
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|
For the year ending 30 June 2022 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 year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
18 August 2022
, and are signed on behalf of the board by:
.................................................
.................................................
Mrs Lill Raphael
Mr Ronen Raphael
Director
Director
.................................................
Date
Company registration number:
07154941
Spinal Care Clinics Limited
Notes to the financial statements
Year ended 30 June 2022
1.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery |
- |
25 % |
straight line |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks arevalued at the lower of cost and net realiseable value, after making due allowances for obsolete and slow moving items.
Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
2.
Operating profit
Operating profit is stated after charging/(crediting):
|
|
|
|
2022 |
2021 |
|
|
|
|
£ |
£ |
|
Depreciation of tangible assets |
|
|
11,254 |
10,526 |
|
(Gain)/loss on disposal of tangible assets |
|
|
73 |
- |
|
Operating lease rentals |
|
|
2,564 |
742 |
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
3.
Employee numbers
The average number of persons employed by the company during the year amounted to
20
(2021:
15
).
4.
Intangible assets
|
|
Goodwill |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 July 2021 and 30 June 2022 |
216,156 |
216,156 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 July 2021 and 30 June 2022 |
216,156 |
216,156 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 30 June 2022 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 30 June 2021 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
5.
Tangible assets
|
|
Freehold property |
Plant and machinery |
Total |
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 July 2021 |
863,873 |
130,724 |
994,597 |
|
|
|
|
|
Additions |
20,000 |
11,083 |
31,083 |
|
|
|
|
|
Disposals |
- |
(
11,834) |
(
11,834) |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 30 June 2022 |
883,873 |
129,973 |
1,013,846 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 July 2021 |
- |
114,544 |
114,544 |
|
|
|
|
|
Charge for the year |
- |
11,254 |
11,254 |
|
|
|
|
|
Disposals |
- |
(
11,761) |
(
11,761) |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 30 June 2022 |
- |
114,037 |
114,037 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 30 June 2022 |
883,873 |
15,936 |
899,809 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 30 June 2021 |
863,873 |
16,180 |
880,053 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Trade debtors |
|
- |
12,500 |
|
Other debtors |
|
30,046 |
7,607 |
|
|
|
_______ |
_______ |
|
|
|
30,046 |
20,107 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
45,720 |
45,720 |
|
Trade creditors |
|
67,818 |
64,213 |
|
Corporation tax |
|
93,907 |
75,871 |
|
Social security and other taxes |
|
909 |
1,452 |
|
Other creditors |
|
4,749 |
4,848 |
|
|
|
_______ |
_______ |
|
|
|
213,103 |
192,104 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due after more than one year
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
355,579 |
385,727 |
|
|
|
_______ |
_______ |
|
|
|
|
|