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Company Registration No. 6716626 (England and Wales)
FREEDOM CLINICS LTD Unaudited accounts for the year ended 31 December 2022
FREEDOM CLINICS LTD Unaudited accounts Contents
Page
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FREEDOM CLINICS LTD Company Information for the year ended 31 December 2022
Directors
Jason Patel Reesha Sangani
Company Number
6716626 (England and Wales)
Registered Office
34 NORTH COLONNADE CANARY WHARF LONDON E14 5HX
Accountants
Trimantic Accountants 1 Victor House Barnet Road London Colney AL2 1BJ
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FREEDOM CLINICS LTD Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,592 
33,378 
Current assets
Inventories
4,300 
4,300 
Debtors
198,580 
111,915 
Cash at bank and in hand
31,089 
56,481 
233,969 
172,696 
Creditors: amounts falling due within one year
(201,717)
(160,724)
Net current assets
32,252 
11,972 
Total assets less current liabilities
34,844 
45,350 
Creditors: amounts falling due after more than one year
(91,936)
(302,209)
Net liabilities
(57,092)
(256,859)
Capital and reserves
Called up share capital
26 
26 
Profit and loss account
(57,118)
(256,885)
Shareholders' funds
(57,092)
(256,859)
For the year ending 31 December 2022 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by
Jason Patel Director Company Registration No. 6716626
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FREEDOM CLINICS LTD Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
FREEDOM CLINICS LTD is a private company, limited by shares, registered in England and Wales, registration number 6716626. The registered office is 34 NORTH COLONNADE, CANARY WHARF, LONDON, E14 5HX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover arises through one class of business, which is that of providing chiropractor, physiotherapy and osteopathic services and the sale of related products and represents amounts invoiced by the company in respect of sales completed during the period exclusive of VAT.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line - 10 years
Plant & machinery
Straight line - 3 years
Fixtures & fittings
Straight line - 4 years
Computer equipment
Straight line - 3 years
Stocks
Stocks represent chiropractor, physiotherapy and osteopathic products available for resale and are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Pension costs
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Government grants
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
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FREEDOM CLINICS LTD Notes to the Accounts for the year ended 31 December 2022
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2022
15,019 
164,103 
718 
179,840 
Additions
- 
7,200 
- 
7,200 
At 31 December 2022
15,019 
171,303 
718 
187,040 
Depreciation
At 1 January 2022
12,735 
133,200 
527 
146,462 
Charge for the year
2,284 
35,511 
191 
37,986 
At 31 December 2022
15,019 
168,711 
718 
184,448 
Net book value
At 31 December 2022
- 
2,592 
- 
2,592 
At 31 December 2021
2,284 
30,903 
191 
33,378 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
171,516 
85,744 
Accrued income and prepayments
4,140 
4,140 
Other debtors
22,924 
22,031 
198,580 
111,915 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
29,499 
29,499 
VAT
3,429 
1,169 
Trade creditors
35,463 
19,663 
Taxes and social security
60,197 
29,720 
Other creditors
59,077 
64,246 
Accruals
14,052 
16,427 
201,717 
160,724 
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FREEDOM CLINICS LTD Notes to the Accounts for the year ended 31 December 2022
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
25,053 
45,455 
Other creditors
66,883 
256,754 
91,936 
302,209 
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
2,600 Ordinary shares of £0.01 each
26 
26 
9
Operating lease commitments
2022 
2021 
£ 
£ 
At 31 December 2022 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
95,000 
95,000 
Later than one year and not later than five years
380,000 
285,000 
Later than five years
182,083 
277,083 
657,083 
657,083 
10
Transactions with related parties
The company owes £66,882 (2021: £256,754) in respect of loans payable to Jason Patel, a director of the company.
11
Controlling party
Jason Patel
12
Average number of employees
During the year the average number of employees was 8 (2021: 9).
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