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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
Page
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Revolution Sports Therapy Limited Company Information for the year ended 31 March 2023
Director
Adam Dobson
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
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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
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Revolution Sports Therapy Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,963 
43,425 
Investments
5,263 
- 
41,226 
43,425 
Current assets
Inventories
3,000 
3,000 
Debtors
32,048 
10,211 
Cash at bank and in hand
1,807 
5,192 
36,855 
18,403 
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 
Capital and reserves
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
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Revolution Sports Therapy Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Financial instruments
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.
Pension costs
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.
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Revolution Sports Therapy Limited Notes to the Accounts for the year ended 31 March 2023
Leased assets
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
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 
Depreciation
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 
Net book value
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
- 
Additions
5,263 
Valuation at 31 March 2023
5,263 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,986 
Trade debtors
7,787 
7,145 
Accrued income and prepayments
- 
1,080 
Other debtors
24,261 
- 
32,048 
10,211 
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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 
- 
VAT
1,121 
- 
Trade creditors
6,476 
6,434 
Taxes and social security
453 
7 
Other creditors
200 
- 
38,565 
6,441 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,418 
14,875 
Obligations under finance leases and hire purchase contracts
28,005 
31,482 
40,423 
46,357 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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