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REGISTERED NUMBER: 11412328 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30th June 2023

for

Physiobuddie Limited

Physiobuddie Limited (Registered number: 11412328)






Contents of the Financial Statements
for the year ended 30th June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Physiobuddie Limited

Company Information
for the year ended 30th June 2023







DIRECTORS: M D Booth
A M Chester
B Draper



REGISTERED OFFICE: Shed A
K3 Business Park
Clough Road
Hull
East Yorkshire
HU5 1SN



REGISTERED NUMBER: 11412328 (England and Wales)



ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: Barclays Bank PLC
1-5 King Edward Street
Hull
East Yorkshire
HU1 3SS

Physiobuddie Limited (Registered number: 11412328)

Abridged Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 137,855 113,930
Tangible assets 5 30,611 35,875
168,466 149,805

CURRENT ASSETS
Debtors 9,700 7,108
Cash at bank 122,802 3,842
132,502 10,950
CREDITORS
Amounts falling due within one year 7,329 26,716
NET CURRENT ASSETS/(LIABILITIES) 125,173 (15,766 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,639

134,039

CREDITORS
Amounts falling due after more than one year 179,484 163,459
NET ASSETS/(LIABILITIES) 114,155 (29,420 )

CAPITAL AND RESERVES
Called up share capital 6 125 101
Share premium 249,975 -
Retained earnings (135,945 ) (29,521 )
SHAREHOLDERS' FUNDS 114,155 (29,420 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Physiobuddie Limited (Registered number: 11412328)

Abridged Balance Sheet - continued
30th June 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 24th October 2023 and were signed on its behalf by:




M D Booth - Director



A M Chester - Director


Physiobuddie Limited (Registered number: 11412328)

Notes to the Financial Statements
for the year ended 30th June 2023

1. STATUTORY INFORMATION

Physiobuddie 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.

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.

Development costs are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

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 year was 1 (2022 - 2 ) .

Physiobuddie Limited (Registered number: 11412328)

Notes to the Financial Statements - continued
for the year ended 30th June 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st July 2022 121,505
Additions 30,000
At 30th June 2023 151,505
AMORTISATION
At 1st July 2022 7,575
Amortisation for year 6,075
At 30th June 2023 13,650
NET BOOK VALUE

At 30th June 2023 137,855
At 30th June 2022 113,930

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st July 2022 41,000
Additions 1,017
At 30th June 2023 42,017
DEPRECIATION
At 1st July 2022 5,125
Charge for year 6,281
At 30th June 2023 11,406
NET BOOK VALUE
At 30th June 2023 30,611
At 30th June 2022 35,875

Physiobuddie Limited (Registered number: 11412328)

Notes to the Financial Statements - continued
for the year ended 30th June 2023

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4,500 A Ordinary 1p 45 43
4,500 B Ordinary 1p 45 43
1,000 C Ordinary 1p 10 10
NIL D Ordinary 1p - 5
2,500 E Ordinary 1p 25 -
125 101

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
2,500 E Ordinary 1p 25 -

The following shares were issued during the year for cash at par :

2,500 E Ordinary shares of 1p

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Physiobuddie Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Physiobuddie Limited for the year ended 30th June 2023 which comprise the Statement of Comprehensive Income, Abridged Balance Sheet, Statement of Changes in Equity 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Physiobuddie Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Physiobuddie Limited and state those matters that we have agreed to state to the Board of Directors of Physiobuddie Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Physiobuddie Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Physiobuddie 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 loss of Physiobuddie Limited. You consider that Physiobuddie 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 Physiobuddie 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.






Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


24th October 2023