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COMPANY REGISTRATION NUMBER: 08270891

Activ Physiotherapy Limited

Filleted Unaudited Financial Statements

31 March 2023

Activ Physiotherapy Limited

Financial Statements

Year ended 31 March 2023

Contents | Pages

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2 to 3

Notes to the financial statements | 4 to 7

Activ Physiotherapy Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Activ Physiotherapy Limited

Year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Activ Physiotherapy Limited for the year ended 31 March 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Activ Physiotherapy Limited, as a body, in accordance with the terms of our engagement letter dated 27 April 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Activ Physiotherapy Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Activ Physiotherapy Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Activ Physiotherapy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Activ Physiotherapy Limited. You consider that Activ Physiotherapy Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Activ Physiotherapy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HEBBLETHWAITES Chartered Accountants
2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ
4 October 2023

Activ Physiotherapy Limited

Statement of Financial Position

31 March 2023

| 2023 | 2022
Note | £ | £

Fixed assets

Intangible assets | 5 | 3,499 | –
Tangible assets | 6 | 2,129 | 2,231
| ------- | -------
| 5,628 | 2,231

Current assets

Debtors | 7 | 8,492 | 8,036
Cash at bank and in hand | 82,292 | 21,222
| -------- | --------
| 90,784 | 29,258

Creditors: amounts falling due within one year | 8 | 33,267 | 16,003
| -------- | --------
Net current assets | 57,517 | 13,255
| -------- | --------
Total assets less current liabilities | 63,145 | 15,486

Creditors: amounts falling due after more than one year | 9 | 36,566 | –
| -------- | --------
Net assets | 26,579 | 15,486
| -------- | --------

Activ Physiotherapy Limited

Statement of Financial Position (continued)

31 March 2023

| 2023 | 2022
Note | £ | £

Capital and reserves

Called up share capital | 6 | 6
Profit and loss account | 26,573 | 15,480
| -------- | --------
Shareholders funds | 26,579 | 15,486
| -------- | --------

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 statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 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 were approved by the board of directors and authorised for issue on 4 October 2023 , and are signed on behalf of the board by:

Mr A Okwera
Director

Company registration number: 08270891

Activ Physiotherapy Limited

Notes to the Financial Statements

Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The business address of the company is 88 Baslow Road, Sheffield, S17 4DQ, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. 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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue is recognised when the services have been provided to the buyer, usually at the point of treatment; the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | 20% straight line
| Website development | - | 33% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:

| Equipment | - | 33% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2022: 4 ).
5. Intangible assets

| Goodwill | Website costs | Total
| £ | £ | £
Cost |  |  |
At 1 April 2022 | 33,000 | – | 33,000
Additions | – | 4,722 | 4,722
| -------- | ------- | --------
At 31 March 2023 | 33,000 | 4,722 | 37,722
| -------- | ------- | --------
Amortisation |  |  |
At 1 April 2022 | 33,000 | – | 33,000
Charge for the year | – | 1,223 | 1,223
| -------- | ------- | --------
At 31 March 2023 | 33,000 | 1,223 | 34,223
| -------- | ------- | --------
Carrying amount |  |  |
At 31 March 2023 | – | 3,499 | 3,499
| -------- | ------- | --------
At 31 March 2022 | – | – | –
| -------- | ------- | --------

6. Tangible assets

| Equipment | Total
| £ | £
Cost |  |
At 1 April 2022 | 27,545 | 27,545
Additions | 941 | 941
| -------- | --------
At 31 March 2023 | 28,486 | 28,486
| -------- | --------
Depreciation |  |
At 1 April 2022 | 25,314 | 25,314
Charge for the year | 1,043 | 1,043
| -------- | --------
At 31 March 2023 | 26,357 | 26,357
| -------- | --------
Carrying amount |  |
At 31 March 2023 | 2,129 | 2,129
| -------- | --------
At 31 March 2022 | 2,231 | 2,231
| -------- | --------

7. Debtors

| 2023 | 2022
| £ | £
Trade debtors | 7,671 | 7,200
Other debtors | 821 | 836
| ------- | -------
| 8,492 | 8,036
| ------- | -------

8. Creditors: amounts falling due within one year

| 2023 | 2022
| £ | £
Bank loans and overdrafts | 969 | –
Trade creditors | 240 | –
Corporation tax | 4,638 | 10,614
Social security and other taxes | 1,485 | 1,238
Other loans | 3,176 | –
Other creditors | 22,759 | 4,151
| -------- | --------
| 33,267 | 16,003
| -------- | --------

9. Creditors: amounts falling due after more than one year

| 2023 | 2022
| £ | £
Other loans | 36,566 | –
| -------- | ----

Included within creditors: amounts falling due after more than one year is an amount of £22,151 (2022: £Nil) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.