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Registration number: 07052796

Cheshire Sports Therapy Limited

Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Cheshire Sports Therapy Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Cheshire Sports Therapy Limited

(Registration number: 07052796)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

1,724

2,495

Current assets

 

Stocks

252

419

Debtors

6

1,991

1,209

Cash at bank and in hand

 

84,048

111,768

 

86,291

113,396

Creditors: Amounts falling due within one year

7

(56,340)

(83,453)

Net current assets

 

29,951

29,943

Total assets less current liabilities

 

31,675

32,438

Provisions for liabilities

(320)

(521)

Net assets

 

31,355

31,917

Capital and reserves

 

Called up share capital

10

10

Retained earnings

31,345

31,907

Shareholders' funds

 

31,355

31,917

For the financial year ending 28 February 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Cheshire Sports Therapy Limited

(Registration number: 07052796)
Balance Sheet as at 28 February 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 27 November 2023
 

Mrs M Foster

Director

 

Cheshire Sports Therapy Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 Alexandra Business Park
Gresty Lane
Shavington
Crewe
CW2 5DD

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Cheshire Sports Therapy Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Improvements to property

straight line over 3 years

Fixtures, fittings and computer equipment

20% reducing balance / straight line over 3 years

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Stocks

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Cheshire Sports Therapy Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 March 2022

10,000

10,000

At 28 February 2023

10,000

10,000

Amortisation

At 1 March 2022

10,000

10,000

At 28 February 2023

10,000

10,000

Carrying amount

At 28 February 2023

-

-

5

Tangible assets

Improvements to property
£

Fixtures, fittings and computer equipment
£

Total
£

Cost or valuation

At 1 March 2022

4,533

9,428

13,961

Additions

-

484

484

At 28 February 2023

4,533

9,912

14,445

Depreciation

At 1 March 2022

4,533

6,933

11,466

Charge for the year

-

1,255

1,255

At 28 February 2023

4,533

8,188

12,721

Carrying amount

At 28 February 2023

-

1,724

1,724

At 28 February 2022

-

2,495

2,495

 

Cheshire Sports Therapy Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

6

Debtors

Current

2023
£

2022
£

Trade debtors

1,113

596

Other debtors

878

613

 

1,991

1,209

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Other creditors

56,184

83,453

Taxation and social security

 

156

-

 

56,340

83,453