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Company Registration No. 06734607 (England and Wales)
Ocean Physio And Rehab Ltd Unaudited accounts for the year ended 31 March 2023
Ocean Physio And Rehab Ltd Unaudited accounts Contents
Page
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Ocean Physio And Rehab Ltd Company Information for the year ended 31 March 2023
Directors
Mr A Larmour Mr D MacLellan
Company Number
06734607 (England and Wales)
Registered Office
Ocean Physio & Rehab Unit 1-2 Woodbury Business Park, Woodbury Exeter Devon EX5 1AY England
Accountants
Brambillow Accounting Ltd Brookhouse Cranoe Road Welham Leicestershire LE16 7UH
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Ocean Physio And Rehab Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,234 
5,718 
Current assets
Inventories
500 
500 
Debtors
6,547 
17,447 
Cash at bank and in hand
154,755 
146,222 
161,802 
164,169 
Creditors: amounts falling due within one year
(86,650)
(97,953)
Net current assets
75,152 
66,216 
Total assets less current liabilities
80,386 
71,934 
Provisions for liabilities
Deferred tax
(994)
(1,086)
Net assets
79,392 
70,848 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
79,092 
70,548 
Shareholders' funds
79,392 
70,848 
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 directors acknowledge their 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 of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by
Mr A Larmour Director Company Registration No. 06734607
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Ocean Physio And Rehab Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Ocean Physio And Rehab Ltd is a private company, limited by shares, registered in England and Wales, registration number 06734607. The registered office is Ocean Physio & Rehab, Unit 1-2, Woodbury Business Park, Woodbury, Exeter, Devon, EX5 1AY, England.
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.
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:
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Fixed and floating charges
There is a fixed and floating charge with National Westminster Bank plc dated 17 December 2013 over all the property and undertakings of the company.
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Ocean Physio And Rehab Ltd Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2022
120,000 
6,741 
126,741 
At 31 March 2023
120,000 
6,741 
126,741 
Amortisation
At 1 April 2022
120,000 
6,741 
126,741 
At 31 March 2023
120,000 
6,741 
126,741 
Net book value
At 31 March 2023
- 
- 
- 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
26,783 
19,365 
46,148 
Additions
669 
1,330 
1,999 
At 31 March 2023
27,452 
20,695 
48,147 
Depreciation
At 1 April 2022
24,454 
15,976 
40,430 
Charge for the year
749 
1,734 
2,483 
At 31 March 2023
25,203 
17,710 
42,913 
Net book value
At 31 March 2023
2,249 
2,985 
5,234 
At 31 March 2022
2,329 
3,389 
5,718 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,547 
8,801 
Other debtors
- 
8,646 
6,547 
17,447 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
22,771 
28,067 
Taxes and social security
30,958 
37,032 
Other creditors
273 
11,297 
Loans from directors
22,181 
21,557 
Accruals
1,100 
- 
Deferred income
9,367 
- 
86,650 
97,953 
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Ocean Physio And Rehab Ltd Notes to the Accounts for the year ended 31 March 2023
8
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
30,337 
30,337 
Later than one year and not later than five years
10,112 
37,922 
40,449 
68,259 
9
Transactions with related parties
Included within creditors is an amount of £22,181 (2022: £21,557) which is owed to the Directors by the Company. Interest is not payable on this amount and there is no fixed date for repayment.
10
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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