4 false false false false false false false false false true false false false false false false No description of principal activity 2022-10-01 Sage Accounts Production Advanced 2021 - FRS102_2021 85,000 85,000 45,207 31,159 2,106 33,265 11,942 14,048 xbrli:pure xbrli:shares iso4217:GBP 05359494 2022-10-01 2023-09-30 05359494 2023-09-30 05359494 2022-09-30 05359494 2021-10-01 2022-09-30 05359494 2022-09-30 05359494 core:NetGoodwill 2022-10-01 2023-09-30 05359494 core:FurnitureFittings 2022-10-01 2023-09-30 05359494 bus:Director1 2022-10-01 2023-09-30 05359494 core:WithinOneYear 2023-09-30 05359494 core:WithinOneYear 2022-09-30 05359494 core:NetGoodwill 2023-09-30 05359494 core:FurnitureFittings 2022-09-30 05359494 core:FurnitureFittings 2023-09-30 05359494 core:AfterOneYear 2023-09-30 05359494 core:AfterOneYear 2022-09-30 05359494 core:ShareCapital 2023-09-30 05359494 core:ShareCapital 2022-09-30 05359494 core:RetainedEarningsAccumulatedLosses 2023-09-30 05359494 core:RetainedEarningsAccumulatedLosses 2022-09-30 05359494 core:FurnitureFittings 2022-09-30 05359494 bus:Director1 2022-09-30 05359494 bus:Director1 2023-09-30 05359494 bus:Director1 2021-09-30 05359494 bus:Director1 2022-09-30 05359494 bus:Director1 2021-10-01 2022-09-30 05359494 bus:SmallEntities 2022-10-01 2023-09-30 05359494 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 05359494 bus:FullAccounts 2022-10-01 2023-09-30 05359494 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 05359494 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30
COMPANY REGISTRATION NUMBER: 05359494
Hale Physical Therapy Clinic Limited
Filleted Unaudited Financial Statements
30 September 2023
Hale Physical Therapy Clinic Limited
Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
6
11,942
14,048
Current assets
Debtors
7
14,174
11,982
Cash at bank and in hand
52,358
31,437
--------
--------
66,532
43,419
Creditors: amounts falling due within one year
8
31,208
22,667
--------
--------
Net current assets
35,324
20,752
--------
--------
Total assets less current liabilities
47,266
34,800
Creditors: amounts falling due after more than one year
9
2,728
10,111
--------
--------
Net assets
44,538
24,689
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
44,536
24,687
--------
--------
Shareholders funds
44,538
24,689
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Hale Physical Therapy Clinic Limited
Statement of Financial Position (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 14 November 2023 , and are signed on behalf of the board by:
E O'Reilly
Director
Company registration number: 05359494
Hale Physical Therapy Clinic Limited
Notes to the Financial Statements
Year ended 30 September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sycamore House, Sutton Quays Business Park, Sutton Weaver, Runcorn, Cheshire, WA7 3EH, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & fittings
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 6 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2022 and 30 September 2023
85,000
--------
Amortisation
At 1 October 2022 and 30 September 2023
85,000
--------
Carrying amount
At 30 September 2023
--------
At 30 September 2022
--------
6. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 October 2022 and 30 September 2023
45,207
45,207
--------
--------
Depreciation
At 1 October 2022
31,159
31,159
Charge for the year
2,106
2,106
--------
--------
At 30 September 2023
33,265
33,265
--------
--------
Carrying amount
At 30 September 2023
11,942
11,942
--------
--------
At 30 September 2022
14,048
14,048
--------
--------
7. Debtors
2023
2022
£
£
Trade debtors
7,609
800
Prepayments and accrued income
4,690
4,962
Director's loan account
1,875
6,220
--------
--------
14,174
11,982
--------
--------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
1,186
2,889
Trade creditors
1,202
3,800
Accruals and deferred income
9,854
5,851
Corporation tax
18,222
7,554
Social security and other taxes
1,522
Other creditors
744
1,051
--------
--------
31,208
22,667
--------
--------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
2,728
10,111
-------
--------
10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
E O'Reilly
6,220
( 4,345)
1,875
-------
-------
-------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
E O'Reilly
( 390)
6,610
6,220
----
-------
-------