REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 September 2021 |
for |
London Road Chiropody Clinic Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 September 2021 |
for |
London Road Chiropody Clinic Limited |
London Road Chiropody Clinic Limited (Registered number: 04695196) |
Contents of the Financial Statements |
for the Year Ended 30 September 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
London Road Chiropody Clinic Limited |
Company Information |
for the Year Ended 30 September 2021 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Sterling House |
7 Ashford Road |
Maidstone |
Kent |
ME14 5BJ |
London Road Chiropody Clinic Limited (Registered number: 04695196) |
Balance Sheet |
30 September 2021 |
2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
London Road Chiropody Clinic Limited (Registered number: 04695196) |
Balance Sheet - continued |
30 September 2021 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
London Road Chiropody Clinic Limited (Registered number: 04695196) |
Notes to the Financial Statements |
for the Year Ended 30 September 2021 |
1. | STATUTORY INFORMATION |
London Road Chiropody Clinic Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Income recognition |
Turnover represents the fair value of consideration received or receivable derived from the rendering of services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice. |
Tangible fixed assets |
Plant and machinery etc | - |
Government grants |
The director has adopted the accrual model for government grants awarded in respect of the Coronavirus Job Retention Scheme (CJRS) covering ongoing employment related costs, and the Small Business Support (SBS) grant scheme received in respect of immediate financial support for the business. The directors have classified these grants as revenue-based and present them as other income. |
The CJRS grants are recognised in the period in which their respective costs relate. The SBS grant is recognised in the period received. |
Financial instruments |
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. |
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss. |
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. |
London Road Chiropody Clinic Limited (Registered number: 04695196) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2021 |
2. | ACCOUNTING POLICIES - continued |
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. |
Hire purchase and leasing commitments |
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 year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 October 2020 |
Additions |
At 30 September 2021 |
DEPRECIATION |
At 1 October 2020 |
Charge for year |
At 30 September 2021 |
NET BOOK VALUE |
At 30 September 2021 |
At 30 September 2020 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Other debtors |
London Road Chiropody Clinic Limited (Registered number: 04695196) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2021 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2021 | 2020 |
£ | £ |
Other creditors |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2021 | 2020 |
£ | £ |
Within one year |
Between one and five years |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2021 | 2020 |
£ | £ |
Bank loan | - | 24,361 |
Bounce back loan | 50,405 | 50,000 |
National Westminster Bank PLC holds a fixed and floating charge over the undertaking and all property and assets, present and future, including goodwill, uncalled capital, fixtures, plant and machinery until such a time that the debenture is satisfied. |
The Bounce back loan was advanced to the company under the Coranavirus Support Scheme and is secured by the Government and is repayable in 60 instalments commencing twelve months after the date the loan was advanced. |
10. | PROVISIONS FOR LIABILITIES |
2021 | 2020 |
£ | £ |
Deferred tax | 4,436 | 2,425 |
London Road Chiropody Clinic Limited (Registered number: 04695196) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2021 |
10. | PROVISIONS FOR LIABILITIES - continued |
Deferred |
tax |
£ |
Balance at 1 October 2020 |
Charge for year | 2,011 |
Balance at 30 September 2021 |
11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 30 September 2021 and 30 September 2020: |
2021 | 2020 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
The above stated loan advanced to the director includes interest charged at the rate of 2.25%. |
12. | RELATED PARTY DISCLOSURES |
During the accounting period the intercompany loan totalling £43,770 owed by Just The Retreat Ltd (07437600), a company owned and controlled by Mrs H J Lenehan, the director's spouse, was written off. |
13. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
14. | AFTER BALANCE SHEET EVENTS |
Between the Balance Sheet date and the date the Directors Report was approved, Just The Retreat Ltd (07437600), a company owned and controlled by Mrs H Lenehan, the director's spouse, appointed a liquidator. There are insufficient reserves and cashflows within Just The Retreat Ltd to settle the intercompany loan totalling £43,770 and no provision has been made to settle this debt in any report received from the liquidator to date, therefore this loan is deemed to be irrecoverable and has been written off. |
Following the write off of the above stated intercompany loan, dividends voted in the year have been cancelled. |