Kinetic Physiotherapy Ltd SC724002 false 2022-02-01 2023-04-30 2023-04-30 The principal activity of the company is has been providing specialist physiotherapy health care Digita Accounts Production Advanced 6.30.9574.0 true SC724002 2022-02-01 2023-04-30 SC724002 2023-04-30 SC724002 bus:OrdinaryShareClass1 2023-04-30 SC724002 core:CurrentFinancialInstruments 2023-04-30 SC724002 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 SC724002 core:FurnitureFittingsToolsEquipment 2023-04-30 SC724002 bus:SmallEntities 2022-02-01 2023-04-30 SC724002 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-04-30 SC724002 bus:FullAccounts 2022-02-01 2023-04-30 SC724002 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-04-30 SC724002 bus:RegisteredOffice 2022-02-01 2023-04-30 SC724002 bus:Director1 2022-02-01 2023-04-30 SC724002 bus:Director2 2022-02-01 2023-04-30 SC724002 bus:OrdinaryShareClass1 2022-02-01 2023-04-30 SC724002 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-04-30 SC724002 bus:Agent1 2022-02-01 2023-04-30 SC724002 core:FurnitureFittingsToolsEquipment 2022-02-01 2023-04-30 SC724002 countries:Scotland 2022-02-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC724002

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Kinetic Physiotherapy Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 February 2022 to 30 April 2023

 

Kinetic Physiotherapy Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4 to 7

 

Kinetic Physiotherapy Ltd

Company Information

Directors

Peter Howard Mitchell

Neil James Robert Aitken

Registered office

71 Craigleith Hill Crescent
Edinburgh
EH4 2JS

Bankers

Royal Bank of Scotland plc
2 Bernard Street
Edinburgh
EH6 6PU

Accountants

Roderick Gunkel & Associates Ltd
Chartered Accountants
Orchardlea
Callander
FK17 8BG

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Kinetic Physiotherapy Ltd
for the Period Ended 30 April 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kinetic Physiotherapy Ltd for the period ended 30 April 2023 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.
 

This report is made solely to the Board of Directors of Kinetic Physiotherapy Ltd , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Kinetic Physiotherapy Ltd and state those matters that we have agreed to state to the Board of Directors of Kinetic Physiotherapy Ltd, as a body, in this report.

This is in accordance with the requirements of such bodies as the ACCA, ICAS and ICAEW, to the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kinetic Physiotherapy Ltd and its Board of Directors as a body for our work or for this report.
 

It is your duty to ensure that Kinetic Physiotherapy Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Kinetic Physiotherapy Ltd. You consider that Kinetic Physiotherapy Ltd is exempt from the statutory audit requirement for the period.
 

We have not been instructed to carry out an audit or a review of the accounts of Kinetic Physiotherapy Ltd. 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 accounts.

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....................................................................

Roderick Gunkel & Associates Ltd
Chartered Accountants
Orchardlea
Callander
FK17 8BG


 

26 October 2023

 

Kinetic Physiotherapy Ltd

(Registration number: SC724002)
Balance Sheet as at 30 April 2023

Note

2023
£

Fixed assets

 

Tangible assets

5

17,477

Current assets

 

Cash at bank and in hand

 

9,103

Creditors: Amounts falling due within one year

6

(19,759)

Net current liabilities

 

(10,656)

Total assets less current liabilities

 

6,821

Provisions for liabilities

(1,766)

Net assets

 

5,055

Capital and reserves

 

Called up share capital

7

100

Retained earnings

4,955

Shareholders' funds

 

5,055

For the financial period ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 October 2023 and signed on its behalf by:
 

.........................................
Peter Howard Mitchell
Director

.........................................
Neil James Robert Aitken
Director

 

Kinetic Physiotherapy Ltd

Notes to the Financial Statements for the Period from 1 February 2022 to 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
71 Craigleith Hill Crescent
Edinburgh
EH4 2JS

These financial statements were authorised for issue by the Board on 26 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Kinetic Physiotherapy Ltd

Notes to the Financial Statements for the Period from 1 February 2022 to 30 April 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings, equipment

20-50% p.a reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Kinetic Physiotherapy Ltd

Notes to the Financial Statements for the Period from 1 February 2022 to 30 April 2023

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

Depreciation expense

5,050

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

22,527

22,527

At 30 April 2023

22,527

22,527

Depreciation

Charge for the period

5,050

5,050

At 30 April 2023

5,050

5,050

Carrying amount

At 30 April 2023

17,477

17,477

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Loans and borrowings

8

8,675

Other creditors

 

11,084

 

19,759

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary shares of £1 each

100

100

     
 

Kinetic Physiotherapy Ltd

Notes to the Financial Statements for the Period from 1 February 2022 to 30 April 2023

8

Loans and borrowings

2023
£

Current loans and borrowings

Director current account

8,675