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REGISTERED NUMBER: 04695196 (England and Wales)















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: I Lenehan





REGISTERED OFFICE: Sterling House
7 Ashford Road
Maidstone
ME14 5BJ





REGISTERED NUMBER: 04695196 (England and Wales)





ACCOUNTANTS: Berry & Company
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 23,725 13,140

CURRENT ASSETS
Debtors 5 76,952 65,337
Cash at bank and in hand 43,092 77,636
120,044 142,973
CREDITORS
Amounts falling due within one year 6 89,260 64,573
NET CURRENT ASSETS 30,784 78,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,509

91,540

CREDITORS
Amounts falling due after more than one
year

7

(46,106

)

(62,873

)

PROVISIONS FOR LIABILITIES 10 (4,436 ) (2,425 )
NET ASSETS 3,967 26,242

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 3,847 26,122
3,967 26,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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.

London Road Chiropody Clinic Limited (Registered number: 04695196)

Balance Sheet - continued
30 September 2021


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 November 2023 and were signed by:





I Lenehan - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost, 33% on cost, 25% on reducing balance and 15% on reducing balance

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 8 (2020 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2020 82,795
Additions 16,913
At 30 September 2021 99,708
DEPRECIATION
At 1 October 2020 69,655
Charge for year 6,328
At 30 September 2021 75,983
NET BOOK VALUE
At 30 September 2021 23,725
At 30 September 2020 13,140

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 76,952 65,337

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 10,190 3,820
Taxation and social security 69,775 41,741
Other creditors 9,295 19,012
89,260 64,573

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Other creditors 46,106 62,873

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2021 2020
£    £   
Within one year 22,000 22,000
Between one and five years - 22,000
22,000 44,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loan - 24,361
Bounce back loan 50,405 50,000
50,405 74,361

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 2,425
Charge for year 2,011
Balance at 30 September 2021 4,436

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
£    £   
I Lenehan
Balance outstanding at start of year - -
Amounts advanced 128,842 -
Amounts repaid (70,765 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 58,077 -

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 I Lenehan.

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.