Silverfin false 30/04/2023 01/05/2022 30/04/2023 A J Mayo 22/03/2021 31 January 2024 The principal activity of the Company during the year was that of podiatry services. 13284677 2023-04-30 13284677 bus:Director1 2023-04-30 13284677 2022-04-30 13284677 core:CurrentFinancialInstruments 2023-04-30 13284677 core:CurrentFinancialInstruments 2022-04-30 13284677 core:ShareCapital 2023-04-30 13284677 core:ShareCapital 2022-04-30 13284677 core:RetainedEarningsAccumulatedLosses 2023-04-30 13284677 core:RetainedEarningsAccumulatedLosses 2022-04-30 13284677 core:FurnitureFittings 2022-04-30 13284677 core:FurnitureFittings 2023-04-30 13284677 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-04-30 13284677 core:RemainingRelatedParties core:CurrentFinancialInstruments 2022-04-30 13284677 2022-05-01 2023-04-30 13284677 bus:FullAccounts 2022-05-01 2023-04-30 13284677 bus:SmallEntities 2022-05-01 2023-04-30 13284677 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 13284677 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 13284677 bus:Director1 2022-05-01 2023-04-30 13284677 core:FurnitureFittings 2022-05-01 2023-04-30 13284677 2021-03-22 2022-04-30 iso4217:GBP xbrli:pure

Company No: 13284677 (England and Wales)

THE FOOT COMPANY CULCHETH LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2023
PAGES FOR FILING WITH THE REGISTRAR

THE FOOT COMPANY CULCHETH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2023

Contents

THE FOOT COMPANY CULCHETH LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2023
THE FOOT COMPANY CULCHETH LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2023
DIRECTOR A J Mayo
REGISTERED OFFICE C/O Pm+M First Floor
Sandringham House
Hollins Brook Park
Pilsworth Road
Bury
BL9 8RN
England
United Kingdom
COMPANY NUMBER 13284677 (England and Wales)
CHARTERED ACCOUNTANTS PM+M Solutions for Business LLP
First Floor
Sandringham House
Hollins Brook Park
Pilsworth Road
Bury
BL9 8RN
THE FOOT COMPANY CULCHETH LIMITED

BALANCE SHEET

AS AT 30 APRIL 2023
THE FOOT COMPANY CULCHETH LIMITED

BALANCE SHEET (continued)

AS AT 30 APRIL 2023
Note 30.04.2023 30.04.2022
£ £
Fixed assets
Tangible assets 3 7,807 1,766
7,807 1,766
Current assets
Debtors 4 3,120 0
Cash at bank and in hand 4,568 4,800
7,688 4,800
Creditors: amounts falling due within one year 5 ( 18,402) ( 6,269)
Net current liabilities (10,714) (1,469)
Total assets less current liabilities (2,907) 297
Provision for liabilities ( 268) 0
Net (liabilities)/assets ( 3,175) 297
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 3,176 ) 296
Total shareholder's (deficit)/funds ( 3,175) 297

For the financial year ending 30 April 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 financial statements of The Foot Company Culcheth Limited (registered number: 13284677) were approved and authorised for issue by the Director on 31 January 2024. They were signed on its behalf by:

A J Mayo
Director
THE FOOT COMPANY CULCHETH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2023
THE FOOT COMPANY CULCHETH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

The Foot Company Culcheth Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Pm+M First Floor, Sandringham House, , Hollins Brook Park, Pilsworth Road, Bury, BL9 8RN, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The financial statements for the previous period are presented for a period longer than one year, due to being the company's first reporting period. As such, the financial statements (including the related notes) may not be entirely comparable.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Year ended
30.04.2023
Period from
22.03.2021 to
30.04.2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 3

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 May 2022 2,207 2,207
Additions 7,993 7,993
At 30 April 2023 10,200 10,200
Accumulated depreciation
At 01 May 2022 441 441
Charge for the financial year 1,952 1,952
At 30 April 2023 2,393 2,393
Net book value
At 30 April 2023 7,807 7,807
At 30 April 2022 1,766 1,766

4. Debtors

30.04.2023 30.04.2022
£ £
Amounts owed by related parties 3,120 0

5. Creditors: amounts falling due within one year

30.04.2023 30.04.2022
£ £
Amounts owed to related parties 17,128 1,213
Amounts owed to director 0 4,306
Accruals 1,274 750
18,402 6,269

6. Related Party Transactions

Included in amounts due to related parties (debtors) is £120 due from AJM Podiatry Limited. A company under common control.

Included in amounts due to related parties (debtors) is £1,500 due from Bury Foot Clinic Limited. A company under common control.

Included in amounts due to related parties (debtors) is £1,500 due from The Foot Company Holmfirth Limited. A company under common control.

Included in amounts due from related parties (creditors) is £13,095 due to Feet Covered Limited. A company under common control.

Included in amounts due from related parties (creditors) is £1,033 due to Clitheroe Foot Clinic Limited. A company under common control.