Registered number
06796589
Family Wellness Centres Ltd
Filleted Accounts
30 April 2023
Family Wellness Centres Ltd
Registered number: 06796589
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 13,077 15,105
Current assets
Debtors 5 14,010 2,297
Cash at bank and in hand 79,115 60,843
93,125 63,140
Creditors: amounts falling due within one year 6 (59,867) (20,068)
Net current assets 33,258 43,072
Total assets less current liabilities 46,335 58,177
Creditors: amounts falling due after more than one year 7 (42,764) (55,374)
Provisions for liabilities (2,485) (2,870)
Net assets/(liabilities) 1,086 (67)
Capital and reserves
Called up share capital 4 4
Profit and loss account 1,082 (71)
Shareholder's funds 1,086 (67)
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.
J Ryle
Director
Approved by the board on 27 September 2023
Family Wellness Centres Ltd
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. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 at the following rates:
Fixtures and fittings 15% reducing balance
IT Equipment 30% reducing balance
Debtors
Short term debtors are measured at transaction price (which is the invoice price).
Creditors
Short term creditors are measured at transaction price (which is 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. 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. 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. 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 3 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2022 151,205
At 30 April 2023 151,205
Amortisation
At 1 May 2022 151,205
At 30 April 2023 151,205
Net book value
At 30 April 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2022 46,040
Additions 565
At 30 April 2023 46,605
Depreciation
At 1 May 2022 30,935
Charge for the year 2,593
At 30 April 2023 33,528
Net book value
At 30 April 2023 13,077
At 30 April 2022 15,105
5 Debtors 2023 2022
£ £
Other debtors 14,010 2,297
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 20,660 20,660
Trade creditors 14,987 22,970
Taxation and social security costs 23,554 14,756
Other creditors 666 (38,318)
59,867 20,068
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 42,764 55,374
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
J Ryle
Directors loan account (38,318) (10,556) 49,540 666
(38,318) (10,556) 49,540 666
9 Controlling party
The company is controlled by its director.
10 Other information
Family Wellness Centres Ltd is a private company limited by shares and incorporated in England. Its registered office is:
15 Princes Road
Brunton Park
Gosforth
Newcastle Upon Tyne
NE3 5TT
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