Company Registration No. 08140864 (England and Wales)
Revolution Sports Therapy Limited
Unaudited accounts
for the year ended 31 March 2023
Revolution Sports Therapy Limited
Unaudited accounts
Contents
Revolution Sports Therapy Limited
Company Information
for the year ended 31 March 2023
Company Number
08140864 (England and Wales)
Registered Office
Unit 11 Glenmore Centre
Downsview Road Grove Business Park
Wantage
Oxfordshire
OX12 9GN
Accountants
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
Revolution Sports Therapy Limited
Accountants' report
Accountants' report to the director of Revolution Sports Therapy Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Revolution Sports Therapy Limited for the year ended
31 March 2023 as set out on pages
5 -
8 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 Revolution Sports Therapy Limited, as a body, in accordance with the terms of our engagement letter dated 3 January 2019. Our work has been undertaken solely to prepare for your approval the accounts of Revolution Sports Therapy Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Revolution Sports Therapy Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Revolution Sports Therapy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Revolution Sports Therapy Limited. You consider that Revolution Sports Therapy Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Revolution Sports Therapy Limited. 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.
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
25 October 2023
Revolution Sports Therapy Limited
Statement of financial position
as at 31 March 2023
Tangible assets
35,963
43,425
Cash at bank and in hand
1,807
5,192
Creditors: amounts falling due within one year
(38,565)
(6,441)
Net current (liabilities)/assets
(1,710)
11,962
Total assets less current liabilities
39,516
55,387
Creditors: amounts falling due after more than one year
(40,423)
(46,357)
Net (liabilities)/assets
(907)
9,030
Called up share capital
1
1
Profit and loss account
(908)
9,029
Shareholders' funds
(907)
9,030
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 27 October 2023 and were signed on its behalf by
Adam Dobson
Director
Company Registration No. 08140864
Revolution Sports Therapy Limited
Notes to the Accounts
for the year ended 31 March 2023
Revolution Sports Therapy Limited is a private company, limited by shares, registered in England and Wales, registration number 08140864. The registered office is Unit 11 Glenmore Centre, Downsview Road Grove Business Park, Wantage, Oxfordshire, OX12 9GN.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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% reducing balance
Motor vehicles
25 % reduciing balance
Fixtures & fittings
25% reducing balance
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Revolution Sports Therapy Limited
Notes to the Accounts
for the year ended 31 March 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
8,985
34,170
2,193
4,749
50,097
Additions
3,087
-
-
1,233
4,320
At 31 March 2023
12,072
34,170
2,193
5,982
54,417
At 1 April 2022
3,067
-
1,344
2,261
6,672
Charge for the year
2,251
8,542
213
776
11,782
At 31 March 2023
5,318
8,542
1,557
3,037
18,454
At 31 March 2023
6,754
25,628
636
2,945
35,963
At 31 March 2022
5,918
34,170
849
2,488
43,425
5
Investments
Other investments
Valuation at 1 April 2022
-
Valuation at 31 March 2023
5,263
Amounts falling due within one year
Accrued income and prepayments
-
1,080
Revolution Sports Therapy Limited
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
30,315
-
Trade creditors
6,476
6,434
Taxes and social security
453
7
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
28,005
31,482
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).