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REGISTERED NUMBER: 05665157










Peter Bennett Physiotherapy Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2023






Peter Bennett Physiotherapy Ltd (Registered number: 05665157)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Peter Bennett Physiotherapy Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr P Bennett
Mr P Bennett





SECRETARY: Mrs S A Bennett





REGISTERED OFFICE: 7 Marple Hall Drive
Marple
Stockport
SK6 6JN





REGISTERED NUMBER: 05665157





ACCOUNTANTS: SKS Shacter Cohen & Bor Ltd
Chartered Accountants
31 Sackville Street
Manchester
M1 3LZ

Peter Bennett Physiotherapy Ltd (Registered number: 05665157)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 3,507 4,008
Tangible assets 6 3,477 4,252
6,984 8,260

CURRENT ASSETS
Debtors 5,568 6,714
Cash at bank 11,530 8,155
17,098 14,869
CREDITORS
Amounts falling due within one year (15,745 ) (13,578 )
NET CURRENT ASSETS 1,353 1,291
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,337

9,551

CREDITORS
Amounts falling due after more than one year (7,619 ) (11,003 )
NET ASSETS/(LIABILITIES) 718 (1,452 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 618 (1,552 )
SHAREHOLDERS' FUNDS 718 (1,452 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Peter Bennett Physiotherapy Ltd (Registered number: 05665157)

Abridged Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Profit and Loss Account and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





Mr P Bennett - Director


Peter Bennett Physiotherapy Ltd (Registered number: 05665157)

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

1. GENERAL INFORMATION

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

The address of its registered office is:
7 Marple Hall Drive
Marple
Stockport
Cheshire
SK6 6JN

These financial statements were authorised for issue by the director 20 November 2023.

2. STATEMENT OF COMPLIANCE

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section IA 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).

3. ACCOUNTING POLICIES

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.

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

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 current 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.
The current income 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.

Tangible assets
Tangible assets arc 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.




Peter Bennett Physiotherapy Ltd (Registered number: 05665157)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
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
Plant and machinery 15% reducing balance
Fixtures and fittings 25%reducing balance
Equipment 25%reducing balance

AMORTISATION
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class Amortisation method and rate
Goodwill 5% straight line

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 arc subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors
Trade creditors arc 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 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 tine 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.

Peter Bennett Physiotherapy Ltd (Registered number: 05665157)

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

Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 10,020
AMORTISATION
At 1 April 2022 6,012
Amortisation for year 501
At 31 March 2023 6,513
NET BOOK VALUE

At 31 March 2023 3,507
At 31 March 2022 4,008

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 28,428
DEPRECIATION
At 1 April 2022 24,176
Charge for year 775
At 31 March 2023 24,951
NET BOOK VALUE
At 31 March 2023 3,477
At 31 March 2022 4,252

Peter Bennett Physiotherapy Ltd (Registered number: 05665157)

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

7. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loan less than 1 year 3,384 3,301

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,619 11,003

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary share 1 100 100

9. DIVIDENDS

2023 2022
£ £
Interim Dividend of £180 (2022-£180) per each Ordinary Share 18,000 18,000