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REGISTERED NUMBER: 13854707 (England and Wales)











Unaudited Financial Statements

for the Period 18 January 2022 to 31 March 2023

for

Allesley Practice Limited

Allesley Practice Limited (Registered number: 13854707)






Contents of the Financial Statements
for the Period 18 January 2022 to 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Allesley Practice Limited

Company Information
for the Period 18 January 2022 to 31 March 2023







DIRECTOR: A D Price





REGISTERED OFFICE: Leofric House
18B Binley Road
Coventry
West Midlands
CV3 1JN





REGISTERED NUMBER: 13854707 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Allesley Practice Limited (Registered number: 13854707)

Statement of Financial Position
31 March 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 524,570
Tangible assets 5 183,821
708,391

CURRENT ASSETS
Debtors 6 57,321
Cash at bank and in hand 27,274
84,595
CREDITORS
Amounts falling due within one year 7 124,662
NET CURRENT LIABILITIES (40,067 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

668,324

CREDITORS
Amounts falling due after more than one year 8 (628,153 )

PROVISIONS FOR LIABILITIES (42,214 )
NET LIABILITIES (2,043 )

CAPITAL AND RESERVES
Called up share capital 10 1,600
Retained earnings (3,643 )
SHAREHOLDERS' FUNDS (2,043 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Allesley Practice Limited (Registered number: 13854707)

Statement of Financial Position - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2023 and were signed by:





A D Price - Director


Allesley Practice Limited (Registered number: 13854707)

Notes to the Financial Statements
for the Period 18 January 2022 to 31 March 2023

1. STATUTORY INFORMATION

Allesley Practice Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Allesley Practice Limited (Registered number: 13854707)

Notes to the Financial Statements - continued
for the Period 18 January 2022 to 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 524,570
At 31 March 2023 524,570
NET BOOK VALUE
At 31 March 2023 524,570

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
Additions 14,424 54,124 20,338
At 31 March 2023 14,424 54,124 20,338
DEPRECIATION
Charge for period - - -
At 31 March 2023 - - -
NET BOOK VALUE
At 31 March 2023 14,424 54,124 20,338

Allesley Practice Limited (Registered number: 13854707)

Notes to the Financial Statements - continued
for the Period 18 January 2022 to 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
Additions 91,823 4,068 184,777
At 31 March 2023 91,823 4,068 184,777
DEPRECIATION
Charge for period 956 - 956
At 31 March 2023 956 - 956
NET BOOK VALUE
At 31 March 2023 90,867 4,068 183,821

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 33,404 90,753 124,157
At 31 March 2023 33,404 90,753 124,157
DEPRECIATION
Charge for period - 956 956
At 31 March 2023 - 956 956
NET BOOK VALUE
At 31 March 2023 33,404 89,797 123,201

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 28,003
Amounts owed by group undertakings 1,335
Other debtors 1,796
Directors' current accounts 22,054
Prepayments 4,133
57,321

Allesley Practice Limited (Registered number: 13854707)

Notes to the Financial Statements - continued
for the Period 18 January 2022 to 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts (see note 9) 32,607
Other loans (see note 9) 24,000
Hire purchase contracts 27,212
Trade creditors 23,991
Pension Creditor 2,227
Accrued expenses 14,625
124,662

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans (see note 9) 323,794
Other loans (see note 9) 214,609
Hire purchase contracts 89,750
628,153

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 214,521
Other loans more 5yrs instal 118,609
333,130

9. LOANS

An analysis of the maturity of loans is given below:

£   
Amounts falling due within one year or on demand:
Bank loans 32,607
Other loans 24,000
56,607

Amounts falling due between one and two years:
Bank loans - 1-2 years 32,607
Other loans - 1-2 years 24,000
56,607

Allesley Practice Limited (Registered number: 13854707)

Notes to the Financial Statements - continued
for the Period 18 January 2022 to 31 March 2023

9. LOANS - continued
£   
Amounts falling due between two and five years:
Bank loans - 2-5 years 76,666
Other loans - 2-5 years 72,000
148,666

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 214,521
Other loans more 5yrs instal 118,609
333,130

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary 1 1,600

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2023:

£   
A D Price
Balance outstanding at start of period -
Amounts advanced 29,730
Amounts repaid (7,676 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 22,054

Interest is charged at the commercial rate on the above loan and has been fully repaid following the balance sheet date.

12. RELATED PARTY DISCLOSURES

During the period, the company acquired the business and corresponding assets and liabilities in relation to the sole proprietorship previously operated by the director and trading as Allesley Practice.This was done in two tranches.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Alex Price by way of his majority shareholding in the parent company AP Practice Limited.