Registered number
07380396
Physiolink Clinics Ltd
Filleted Accounts
31 March 2023
Physiolink Clinics Ltd
Registered number: 07380396
Balance Sheet
as at 31 March 2023
Notes 2023
£
Current assets
Debtors 3 12,000
Cash at bank and in hand 13,450
25,450
Creditors: amounts falling due within one year 4 (17,038)
Net current assets 8,412
Total assets less current liabilities 8,412
Creditors: amounts falling due after more than one year 5 (6,488)
Net assets 1,924
Capital and reserves
Called up share capital 1
Profit and loss account 1,923
Shareholder's funds 1,924
The directors are 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 directors acknowledge their 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.
Raja Challuri
Director
Approved by the board on 15 September 2023
Physiolink Clinics Ltd
Notes to the Accounts
for the period from 1 August 2022 to 31 March 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 received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
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. 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023
Number
Average number of persons employed by the company 5
3 Debtors 2023
£
Trade debtors 12,000
4 Creditors: amounts falling due within one year 2023
£
Trade creditors 531
Taxation and social security costs 3,918
Other creditors 12,589
17,038
5 Creditors: amounts falling due after one year 2023
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest 6,488
6 Controlling party
The company's 100% share capital were bought by Ravenscroft Healthcare Ltd on 31st July 2022. Sachin Parab and Raja Challuri are the directors of the company and Ravenscroft Healthcare Ltd is the ultimate controlling party.
7 Other information
Physiolink Clinics Ltd is a private company limited by shares and incorporated in England. Its registered office is:
266 High Road
Harrow
Middlesex
HA3 7BB
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