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REGISTERED NUMBER: 06909153 (England and Wales)















PHYSIOHANDS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






PHYSIOHANDS LIMITED (REGISTERED NUMBER: 06909153)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 8


PHYSIOHANDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mrs P J White
N R White





REGISTERED OFFICE: 30 Tolethorpe Close
Oakham
Rutland
LE15 6GF





REGISTERED NUMBER: 06909153 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT

PHYSIOHANDS LIMITED (REGISTERED NUMBER: 06909153)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 104,773 109,335
Investments 6 6 6
104,779 109,341

CURRENT ASSETS
Inventories 8,752 7,053
Debtors 7 20,118 25,962
Investments 8 130,334 132,245
Cash at bank 119,010 101,025
278,214 266,285
CREDITORS
Amounts falling due within one year 9 97,889 122,564
NET CURRENT ASSETS 180,325 143,721
TOTAL ASSETS LESS CURRENT
LIABILITIES

285,104

253,062

CREDITORS
Amounts falling due after more than
one year

10

-

(17,037

)

PROVISIONS FOR LIABILITIES (6,306 ) (7,341 )
NET ASSETS 278,798 228,684

PHYSIOHANDS LIMITED (REGISTERED NUMBER: 06909153)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 278,698 228,584
SHAREHOLDERS' FUNDS 278,798 228,684

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

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

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 17 November 2023 and were signed on its behalf by:




Mrs P J White - Director



N R White - Director


PHYSIOHANDS LIMITED (REGISTERED NUMBER: 06909153)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Physiohands Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Physiohands Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses' in 2009, 2013 and 2014 has been amortised evenly over estimated useful lives. Goodwill acquired in 2009 has been amortised over five years, and goodwill acquired in 2013 and 2014, over three years.

Website
The Website design costs are written off in equal instalments over 5 years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Nil
Plant and machinery etc - 33% on cost and 15% on reducing balance

Property, plant and equipment are held at cost less depreciation.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

PHYSIOHANDS LIMITED (REGISTERED NUMBER: 06909153)

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

2. ACCOUNTING POLICIES - continued

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 11 (2022 - 11 ) .

PHYSIOHANDS LIMITED (REGISTERED NUMBER: 06909153)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 210,454 808 211,262
AMORTISATION
At 1 June 2022
and 31 May 2023 210,454 808 211,262
NET BOOK VALUE
At 31 May 2023 - - -
At 31 May 2022 - - -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 79,900 127,507 207,407
Additions - 897 897
At 31 May 2023 79,900 128,404 208,304
DEPRECIATION
At 1 June 2022 - 98,072 98,072
Charge for year - 5,459 5,459
At 31 May 2023 - 103,531 103,531
NET BOOK VALUE
At 31 May 2023 79,900 24,873 104,773
At 31 May 2022 79,900 29,435 109,335

PHYSIOHANDS LIMITED (REGISTERED NUMBER: 06909153)

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

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2022
and 31 May 2023 6
NET BOOK VALUE
At 31 May 2023 6
At 31 May 2022 6

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,118 24,825
Other debtors - 933
Prepayments and accrued income - 204
20,118 25,962

8. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 130,334 132,245

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,571 15,796
Taxation 14,432 15,267
Other taxes and social security 1,607 -
Directors' current accounts 50,896 78,521
Accrued expenses 14,383 12,980
97,889 122,564

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years - 17,037

PHYSIOHANDS LIMITED (REGISTERED NUMBER: 06909153)

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

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 16,571 32,833

The bank loan is secured by a fixed and floating charge over the assets of the company.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100