Colemans Podiatry Ltd.


FINANCIAL STATEMENTS


for the year ended 30th April 2023



Colemans Podiatry Ltd.

CONTENTS

for the year ended 30th April 2023







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Colemans Podiatry Ltd.

Company No. 07196901

STATEMENT OF FINANCIAL POSITION

as at 30th April 2023

20232022
Note£££
FIXED ASSETS
Intangible assets41700017000
Property, plant and equipment536203868
2062020868
CURRENT ASSETS
Stocks610401075
Debtors72099720617
Cash at bank and in hand2353329821
4557051513
CURRENT LIABILITIES
Creditors: amounts falling due
within one year86467571496
NET CURRENT LIABILITIES(19105)(19983)
TOTAL ASSETS LESS CURRENT LIABILITIES1515885
 
Creditors: amounts falling due
after more than one year--
 
Provisions for liabilities and charges
Deferred taxation677677
 
NET ASSETS838208
 
CAPITAL AND RESERVES
Called up share capital42
Retained earnings834206
SHAREHOLDERS FUNDS838208

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th April 2023 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 30 November 2023


R D Coleman

Director

Company Number 07196901 (England)

Colemans Podiatry Ltd.

NOTES TO THE ACCOUNTS

for the year ended 30th April 2023


1   Statutory information

Colemans Podiatry Ltd. is a private company limited by shares and registered under company number 07196901 in England. Its registered office address is 12, Hatherley Road, Sidcup, Kent, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, 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, machinery and vehicles20-25% reducing balance

Stocks

Stocks are valued at the lower of cost and expected selling price less any costs to sell.

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Taxation

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

3   Employee information

The average number of employees during the accounting period was 2 (2022 - 3).

4   Intangible assets
£
Cost
At 1st May 2022 and
At 30th April 202317000
 
Amortisation
At 1st May 2022 and
At 30th April 2023-
 
Net Book Value
At 30th April 202317000
At 30th April 202217000

Intangible Fixed Assets are being written off in equal annual instalments over each asset's estimated economic life.


5   Property, plant and equipment
 
PlantFixtures
andand
MachineryFittingsTotal
£££
Cost
At 1st May 2022 36281077014398
Additions-882882
At 30th April 202336281165215280
 
Depreciation
At 1st May 2022 3249728110530
Charge for year9510351130
At 30th April 20233344831611660
 
Net Book Value
At 30th April 202328433363620
At 30th April 202237934893868

6   Stocks20232022
££
 
Finished goods and goods for resale10401075
10401075

The difference between purchase price or production cost of stocks and their replacement cost is not material.


7   Debtors20232022
££
 
Other debtors1924718867
Prepayments and accrued income17501750
2099720617

8   Creditors: amounts falling due within one year20232022
££
 
Loans and Overdrafts2015426993
Corporation tax1569316138
Other creditors2239321770
Accruals and deferred income64356595
6467571496

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