Dynamic Chiropractic Ltd 04670239 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Medical Activities Digita Accounts Production Advanced 6.30.9574.0 true 04670239 2022-04-01 2023-03-31 04670239 2023-03-31 04670239 core:RetainedEarningsAccumulatedLosses 2023-03-31 04670239 core:ShareCapital 2023-03-31 04670239 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-03-31 04670239 core:CurrentFinancialInstruments 2023-03-31 04670239 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04670239 core:Non-currentFinancialInstruments 2023-03-31 04670239 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 04670239 core:FurnitureFittingsToolsEquipment 2023-03-31 04670239 core:MotorVehicles 2023-03-31 04670239 core:OtherPropertyPlantEquipment 2023-03-31 04670239 bus:SmallEntities 2022-04-01 2023-03-31 04670239 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04670239 bus:FullAccounts 2022-04-01 2023-03-31 04670239 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04670239 bus:RegisteredOffice 2022-04-01 2023-03-31 04670239 bus:Director1 2022-04-01 2023-03-31 04670239 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04670239 core:FurnitureFittings 2022-04-01 2023-03-31 04670239 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 04670239 core:MotorCars 2022-04-01 2023-03-31 04670239 core:MotorVehicles 2022-04-01 2023-03-31 04670239 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 04670239 countries:EnglandWales 2022-04-01 2023-03-31 04670239 2022-03-31 04670239 core:FurnitureFittingsToolsEquipment 2022-03-31 04670239 core:MotorVehicles 2022-03-31 04670239 core:OtherPropertyPlantEquipment 2022-03-31 04670239 2021-04-01 2022-03-31 04670239 2022-03-31 04670239 core:RetainedEarningsAccumulatedLosses 2022-03-31 04670239 core:ShareCapital 2022-03-31 04670239 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-03-31 04670239 core:CurrentFinancialInstruments 2022-03-31 04670239 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 04670239 core:Non-currentFinancialInstruments 2022-03-31 04670239 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 04670239 core:FurnitureFittingsToolsEquipment 2022-03-31 04670239 core:MotorVehicles 2022-03-31 04670239 core:OtherPropertyPlantEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 04670239

Dynamic Chiropractic Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Dynamic Chiropractic Ltd

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 7

 

Dynamic Chiropractic Ltd

(Registration number: 04670239)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

58,437

73,946

Current assets

 

Stocks

440

520

Debtors

5

23,919

10,807

Cash at bank and in hand

 

19,870

92,448

 

44,229

103,775

Creditors: Amounts falling due within one year

6

(17,873)

(88,001)

Net current assets

 

26,356

15,774

Total assets less current liabilities

 

84,793

89,720

Creditors: Amounts falling due after more than one year

6

(41,888)

-

Provisions for liabilities

(11,103)

(14,050)

Net assets

 

31,802

75,670

Capital and reserves

 

Called up share capital

100

100

Retained earnings

31,702

75,570

Shareholders' funds

 

31,802

75,670

For the financial year ending 31 March 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 year 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.

 

Dynamic Chiropractic Ltd

(Registration number: 04670239)
Balance Sheet as at 31 March 2023

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 and the Director's Report.

Approved and authorised by the Board on 7 November 2023 and signed on its behalf by:
 

.........................................
Mr D O Clark
Director

 

Dynamic Chiropractic Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

1

General information

The address of its registered office is:
Wickentree Cottage
Blakemere Lane
Norley
Cheshire
WA6 6NW

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 in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

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 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.

Government grants

Government Grants are recognised using the accrual model. Grants which relate to revenue shall be recognised in other operating income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

Any amounts outstanding at the year end will be included within other debtors.

Tax

The tax expense for the period comprises current and deferred tax.

 

Dynamic Chiropractic Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Depreciation

Depreciation is charged so as to write off the cost of an asset, less its residual value, over the estimated useful life of that asset, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and computer equipment

25% reducing balance

Motor vehicles

straight line over the remaining term of the finance agreement

Plant and equipment

25% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2022 - 11).

 

Dynamic Chiropractic Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Fixtures, fittings and computer equipment
 £

Motor vehicles
 £

Plant and equipment
£

Total
£

Cost or valuation

At 1 April 2022

39,952

89,386

46,582

175,920

At 31 March 2023

39,952

89,386

46,582

175,920

Depreciation

At 1 April 2022

34,316

31,114

36,544

101,974

Charge for the year

1,409

11,591

2,509

15,509

At 31 March 2023

35,725

42,705

39,053

117,483

Carrying amount

At 31 March 2023

4,227

46,681

7,529

58,437

At 31 March 2022

5,636

58,272

10,038

73,946

 

Dynamic Chiropractic Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

5

Debtors

Current

2023
£

2022
£

Trade debtors

358

1,306

Other debtors

23,561

9,501

 

23,919

10,807

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

5,579

54,551

Taxation and social security

 

705

4,251

Other creditors

 

11,589

29,199

 

17,873

88,001

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

41,888

-

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Hire purchase

5,579

54,551

2023
£

2022
£

Non-current loans and borrowings

Hire purchase

41,888

-

 

Dynamic Chiropractic Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

8

Related party transactions

Other transactions with directors

During the year, advances were made to the directors in the sum of £15,206 and repayments were made in the sum of £3,778. At the year end, the directors owed the company the amount of £19,477 (2022: £8,049) and this amount is included in other debtors. The loan was interest free and repayable on demand.