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REGISTERED NUMBER: 07332382 (England and Wales)















ABACUS PHYSIOTHERAPY LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2023






ABACUS PHYSIOTHERAPY LTD (REGISTERED NUMBER: 07332382)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


ABACUS PHYSIOTHERAPY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTORS: N J Collins
C A Redding





REGISTERED OFFICE: c/o Louth Physiofirst Centre
Belvoir Way
Fairfield Industrial Estate
Louth
Lincolnshire
LN11 0LQ





REGISTERED NUMBER: 07332382 (England and Wales)





ACCOUNTANTS: Weaver Wroot
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ABACUS PHYSIOTHERAPY LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Abacus Physiotherapy Ltd for the year ended 31st August 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Abacus Physiotherapy Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abacus Physiotherapy Ltd and state those matters that we have agreed to state to the Board of Directors of Abacus Physiotherapy Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Abacus Physiotherapy Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Abacus Physiotherapy Ltd. You consider that Abacus Physiotherapy Ltd 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 financial statements of Abacus Physiotherapy Ltd. 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 financial statements.






Weaver Wroot
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB


20th November 2023

ABACUS PHYSIOTHERAPY LTD (REGISTERED NUMBER: 07332382)

BALANCE SHEET
31ST AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 86,716 87,105
Investments 6 1,000 1,000
87,716 88,105

CURRENT ASSETS
Stocks 440 579
Debtors 7 5,539 7,711
Cash at bank 58,237 71,307
64,216 79,597
CREDITORS
Amounts falling due within one year 8 58,619 28,975
NET CURRENT ASSETS 5,597 50,622
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,313

138,727

CREDITORS
Amounts falling due after more than one
year

9

(12,460

)

(19,297

)

PROVISIONS FOR LIABILITIES (46 ) (120 )
NET ASSETS 80,807 119,310

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 79,807 118,310
SHAREHOLDERS' FUNDS 80,807 119,310

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

ABACUS PHYSIOTHERAPY LTD (REGISTERED NUMBER: 07332382)

BALANCE SHEET - continued
31ST AUGUST 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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





C A Redding - Director


ABACUS PHYSIOTHERAPY LTD (REGISTERED NUMBER: 07332382)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

1. STATUTORY INFORMATION

Abacus Physiotherapy Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements 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 2013, is being amortised evenly over its estimated useful life of two years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 20% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

ABACUS PHYSIOTHERAPY LTD (REGISTERED NUMBER: 07332382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2022
and 31st August 2023 28,529
AMORTISATION
At 1st September 2022
and 31st August 2023 28,529
NET BOOK VALUE
At 31st August 2023 -
At 31st August 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st September 2022
and 31st August 2023 86,472 29,190 1,616 1,087 118,365
DEPRECIATION
At 1st September 2022 - 28,793 1,493 974 31,260
Charge for year - 223 87 79 389
At 31st August 2023 - 29,016 1,580 1,053 31,649
NET BOOK VALUE
At 31st August 2023 86,472 174 36 34 86,716
At 31st August 2022 86,472 397 123 113 87,105

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st September 2022
and 31st August 2023 1,000
NET BOOK VALUE
At 31st August 2023 1,000
At 31st August 2022 1,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 5,333 7,546
Other debtors 206 165
5,539 7,711

ABACUS PHYSIOTHERAPY LTD (REGISTERED NUMBER: 07332382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 6,343 5,300
Taxation and social security 6,934 18,096
Other creditors 45,342 5,579
58,619 28,975

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 12,460 19,297