Registered number
08496978
Living Centre Clinic Limited
Report and Accounts
30 April 2023
Living Centre Clinic Limited
Registered number: 08496978
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 90,142 99,467
Tangible assets 4 9,327 10,091
99,469 109,558
Current assets
Debtors 5 2,630 1,850
Cash at bank and in hand 149,785 84,537
152,415 86,387
Creditors: amounts falling due within one year 6 (50,788) (21,488)
Net current assets 101,627 64,899
Total assets less current liabilities 201,096 174,457
Creditors: amounts falling due after more than one year 7 (26,083) (30,502)
Net assets 175,013 143,955
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 174,013 142,955
Shareholder's funds 175,013 143,955
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 his 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.
Mr Vispi M Jamooji
Director
Approved by the board on 31 July 2023
Living Centre Clinic Limited
Notes to the Accounts
for the year ended 30 April 2023
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Amortisation:Goodwill- 5% Straight line
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:
Plant machinery & Fittings 20 % on WDV
Bi Cycle 25% Straight line
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2022 186,500
At 30 April 2023 186,500
Amortisation
At 1 May 2022 87,033
Provided during the year 9,325
At 30 April 2023 96,358
Net book value
At 30 April 2023 90,142
At 30 April 2022 99,467
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles(Bi cycle) Total
£ £ £
Cost
At 1 May 2022 30,202 2,196 32,398
Additions 1,567 - 1,567
At 30 April 2023 31,769 2,196 33,965
Depreciation
At 1 May 2022 20,111 2,196 22,307
Charge for the year 2,331 - 2,331
At 30 April 2023 22,442 2,196 24,638
Net book value
At 30 April 2023 9,327 - 9,327
At 30 April 2022 10,091 - 10,091
5 Debtors 2023 2022
£ £
Trade debtors 1,950 1,850
Other debtors 680 -
2,630 1,850
6 Creditors: amounts falling due within one year 2023 2022
£ £
Director's account 28,063 7,857
Bank loans and overdrafts 5,424 5,424
Trade creditors - 517
Sub Contractor - 3,977
Corporation tax 15,087 2,595
Other taxes and social security costs 795 710
Other creditors 1,419 408
50,788 21,488
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 26,083 30,502
8 Contingent liabilities
The director confirms that there were no contingent liabilities which should be disclosed at 30 April 2023.
9 Related party transactions & transactions with the director
The Goodwill of £186,500 (2022 £186,500) arose as a result of the director incorporating his sole trader business at the market value.

The director account balance at the year end was £28,063CR (2022 £7,857CR) This account has always remained in credit.

The property lease is in director's personal name and the rent is recharged to the company.
10 Controlling party
The director owns 100 percent of the issued share capital and therefore controls the company.
11 Going Concern
The director has reviewed a period of 12 months from approval of these accounts financial statements and concluded the company is able to meet all its liabilities as they fall due. As a result it is appropriate to prepare the accounts on a going concern basis
12 Other information
Living Centre Clinic Limited is a private company limited by shares and incorporated in England. Its registered office is:
32 Durham Road
Raynes Park
London
SW20 0TW
Living Centre Clinic Limited 08496978 false 2022-05-01 2023-04-30 2023-04-30 VT Final Accounts April 2022 Mr Vispi M Jamooji No description of principal activity 08496978 2021-05-01 2022-04-30 08496978 core:WithinOneYear 2022-04-30 08496978 core:AfterOneYear 2022-04-30 08496978 core:ShareCapital 2022-04-30 08496978 core:RetainedEarningsAccumulatedLosses 2022-04-30 08496978 2022-05-01 2023-04-30 08496978 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 08496978 bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 08496978 bus:Director40 2022-05-01 2023-04-30 08496978 1 2022-05-01 2023-04-30 08496978 2 2022-05-01 2023-04-30 08496978 core:Goodwill 2022-05-01 2023-04-30 08496978 core:PlantMachinery 2022-05-01 2023-04-30 08496978 core:Vehicles 2022-05-01 2023-04-30 08496978 countries:England 2022-05-01 2023-04-30 08496978 bus:FRS102 2022-05-01 2023-04-30 08496978 bus:FullAccounts 2022-05-01 2023-04-30 08496978 2023-04-30 08496978 core:WithinOneYear 2023-04-30 08496978 core:AfterOneYear 2023-04-30 08496978 core:ShareCapital 2023-04-30 08496978 core:RetainedEarningsAccumulatedLosses 2023-04-30 08496978 core:Goodwill 2023-04-30 08496978 core:PlantMachinery 2023-04-30 08496978 core:Vehicles 2023-04-30 08496978 2022-04-30 08496978 core:Goodwill 2022-04-30 08496978 core:PlantMachinery 2022-04-30 08496978 core:Vehicles 2022-04-30 iso4217:GBP xbrli:pure