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Company Registration No. 06878507 (England and Wales)
Wells Chiropractic & Osteopathy Centre Limited Unaudited accounts for the year ended 30 April 2023
Wells Chiropractic & Osteopathy Centre Limited Unaudited accounts Contents
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Wells Chiropractic & Osteopathy Centre Limited Company Information for the year ended 30 April 2023
Directors
Gemma Palmer Benjamin Palmer
Company Number
06878507 (England and Wales)
Registered Office
Wells Chiropractic & Osteopathy Centre Rosebank Priory Health Park, Glastonbury Road Wells Somerset BA5 1XJ England
Accountants
Wheatley Tax 8 Calluna Close Wick-st-Lawrence Weston-super-Mare Somerset BS22 9TS
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Wells Chiropractic & Osteopathy Centre Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,646 
13,561 
Current assets
Debtors
43,510 
6,061 
Cash at bank and in hand
13,678 
57,765 
57,188 
63,826 
Creditors: amounts falling due within one year
(34,589)
(33,626)
Net current assets
22,599 
30,200 
Total assets less current liabilities
34,245 
43,761 
Creditors: amounts falling due after more than one year
(31,567)
(41,294)
Provisions for liabilities
Deferred tax
(1,321)
(1,456)
Net assets
1,357 
1,011 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,257 
911 
Shareholders' funds
1,357 
1,011 
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by
Benjamin Palmer Director Company Registration No. 06878507
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Wells Chiropractic & Osteopathy Centre Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Wells Chiropractic & Osteopathy Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 06878507. The registered office is Wells Chiropractic & Osteopathy Centre, Rosebank, Priory Health Park, Glastonbury Road, Wells, Somerset, BA5 1XJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Turnover
Turnover represents net invoiced sales of services.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, and the development of a website in 2013 has been amortised evenly over it's estimated useful life of three years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
33% on cost
Taxation
Taxation for the year comprises of current and deferred tax. Tax is recognised in the Icnome Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Wells Chiropractic & Osteopathy Centre Limited Notes to the Accounts for the year ended 30 April 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2022
10,873 
At 30 April 2023
10,873 
Amortisation
At 1 May 2022
10,873 
At 30 April 2023
10,873 
Net book value
At 30 April 2023
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2022
5,900 
30,599 
24,946 
61,445 
At 30 April 2023
5,900 
30,599 
24,946 
61,445 
Depreciation
At 1 May 2022
- 
27,628 
20,256 
47,884 
Charge for the year
- 
743 
1,172 
1,915 
At 30 April 2023
- 
28,371 
21,428 
49,799 
Net book value
At 30 April 2023
5,900 
2,228 
3,518 
11,646 
At 30 April 2022
5,900 
2,971 
4,690 
13,561 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
4,294 
3,497 
Other debtors
39,216 
2,564 
43,510 
6,061 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
13,156 
3,413 
Taxes and social security
21,433 
30,213 
34,589 
33,626 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
31,567 
41,294 
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Wells Chiropractic & Osteopathy Centre Limited Notes to the Accounts for the year ended 30 April 2023
9
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
1,321 
1,456 
2023 
2022 
£ 
£ 
Provision at start of year
1,456 
- 
(Credited)/charged to the profit and loss account
(135)
1,456 
Provision at end of year
1,321 
1,456 
10
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
80 Share capital 1 of £1 each
80 
80 
20 Share capital 2 of £1 each
20 
20 
100 
100 
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr & Mrs B Palmer
2,564 
139,844 
103,192 
39,216 
2,564 
139,844 
103,192 
39,216 
The loan was repaid within 9 months of the year end. Interest was charged on the amount outstanding.
12
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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