Registered number
05951511
OFFICE PODIATRIST.COM LTD
Unaudited Filleted Accounts
28 February 2023
TEMPLETONS (UK) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
OFFICE PODIATRIST.COM LTD
Registered number: 05951511
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 771,272 773,056
Current assets
Cash at bank and in hand 5,702 5,149
Creditors: amounts falling due within one year 5 (346,310) (336,212)
Net current liabilities (340,608) (331,063)
Total assets less current liabilities 430,664 441,993
Creditors: amounts falling due after more than one year 6 (110,564) (128,942)
Provisions for liabilities (47,500) (47,500)
Net assets 272,600 265,551
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 266,979 266,979
Profit and loss account 5,521 (1,528)
Shareholder's funds 272,600 265,551
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N K Zaman
Director
Approved by the board on 28 November 2023
OFFICE PODIATRIST.COM LTD
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration receivable and net of discounts. Turnover includes revenue earned from the rendering of services. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% Written down value
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2022 3,366
At 28 February 2023 3,366
Amortisation
At 1 March 2022 3,366
At 28 February 2023 3,366
Net book value
At 28 February 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2022 761,163 48,572 809,735
At 28 February 2023 761,163 48,572 809,735
Depreciation
At 1 March 2022 - 36,679 36,679
Charge for the year - 1,784 1,784
At 28 February 2023 - 38,463 38,463
Net book value
At 28 February 2023 761,163 10,109 771,272
At 28 February 2022 761,163 11,893 773,056
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 19,894
Taxation and social security costs 6,216 4,821
Other creditors 340,094 311,497
346,310 336,212
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 110,564 128,942
The loans are secured by debentures over the land and building owned by the company.
7 Revaluation reserve 2023 2022
£ £
At 1 March 2022 266,979 266,979
At 28 February 2023 266,979 266,979
The director is not aware of any material change in value since the date of valuation.
8 Ultimate controlling party
The Company was under the control of Ms Nagina Zaman as the director and the shareholder.
9 Other information
OFFICE PODIATRIST.COM LTD is a private company limited by shares and incorporated in England. Its registered office is:
309 Hoe Street
Walthamstow
London
E17 9BG
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