DIETZ REHAB LIMITED

Company Registration Number:
13146557 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

DIETZ REHAB LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Additional notes
Balance sheet notes

DIETZ REHAB LIMITED

Balance sheet

As at 31 December 2022

Notes 2022 11 months to 31 December 2021


£

£
Fixed assets
Tangible assets: 3 12,926 0
Total fixed assets: 12,926 0
Current assets
Debtors: 4 221,541 91,873
Cash at bank and in hand: 86,961 121,135
Total current assets: 308,502 213,008
Creditors: amounts falling due within one year: 5 ( 224,547 ) ( 180,318 )
Net current assets (liabilities): 83,955 32,690
Total assets less current liabilities: 96,881 32,690
Total net assets (liabilities): 96,881 32,690
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 96,879 32,688
Total Shareholders' funds: 96,881 32,690

The notes form part of these financial statements

DIETZ REHAB LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 September 2023
and signed on behalf of the board by:

Name: MR DARREN JAMES LEGG
Status: Director

The notes form part of these financial statements

DIETZ REHAB LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    TurnoverTurnover 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 goodsTurnover 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 servicesTurnover 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.

    Tangible fixed assets depreciation policy

    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% Straight LineComputer Equipment 33% Straight Line

    Valuation information and policy

    Stocks and Work in ProgressStocks 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

    Other accounting policies

    Foreign CurrenciesMonetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.TaxationIncome tax expense represents the sum of the tax currently payable and deferred tax.The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.Current or deferred tax far the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.Pension costsThe company operates a defined contribution scheme for the benefit of its employees. The assets of the scheme are held separately from the company in independently administered funds. Pension payments are recognised as an expense in profit and loss in the period in which they fall due.

DIETZ REHAB LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 11 months to 31 December 2021
    Average number of employees during the period 3 1

DIETZ REHAB LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 0 0
Additions 16,765 16,765
Disposals ( 2,847 ) ( 2,847 )
Revaluations
Transfers
At 31 December 2022 13,918 13,918
Depreciation
At 1 January 2022 0 0
Charge for year 992 992
On disposals
Other adjustments
At 31 December 2022 992 992
Net book value
At 31 December 2022 12,926 12,926
At 31 December 2021 0 0

DIETZ REHAB LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 11 months to 31 December 2021
£ £
Trade debtors 205,358 86,493
Prepayments and accrued income 1,000 0
Other debtors 15,183 5,380
Total 221,541 91,873
Debtors due after more than one year: 0 0

DIETZ REHAB LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

2022 11 months to 31 December 2021
£ £
Trade creditors 143,458 133,658
Taxation and social security 60,580 38,992
Accruals and deferred income 3,692 0
Other creditors 16,817 7,668
Total 224,547 180,318