21 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 423,000 423,000 xbrli:pure xbrli:shares iso4217:GBP 05701677 2022-07-01 2023-06-30 05701677 2023-06-30 05701677 2022-06-30 05701677 2021-07-01 2022-06-30 05701677 2022-06-30 05701677 2021-06-30 05701677 bus:Director2 2022-07-01 2023-06-30 05701677 core:WithinOneYear 2023-06-30 05701677 core:WithinOneYear 2022-06-30 05701677 core:NetGoodwill 2023-06-30 05701677 core:FurnitureFittings 2022-06-30 05701677 core:FurnitureFittings 2023-06-30 05701677 core:MotorVehicles 2023-06-30 05701677 core:FurnitureFittings 2022-07-01 2023-06-30 05701677 core:MotorVehicles 2022-07-01 2023-06-30 05701677 core:ShareCapital 2023-06-30 05701677 core:ShareCapital 2022-06-30 05701677 core:RetainedEarningsAccumulatedLosses 2023-06-30 05701677 core:RetainedEarningsAccumulatedLosses 2022-06-30 05701677 core:FurnitureFittings 2022-06-30 05701677 bus:SmallEntities 2022-07-01 2023-06-30 05701677 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 05701677 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 05701677 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 05701677 bus:FullAccounts 2022-07-01 2023-06-30 05701677 core:NetGoodwill 2022-07-01 2023-06-30
COMPANY REGISTRATION NUMBER: 05701677
Osteo-Clinic (UK) Limited
Filleted Unaudited Financial Statements
30 June 2023
Osteo-Clinic (UK) Limited
Financial Statements
Year ended 30 June 2023
Contents
Page
Balance sheet
1
Notes to the financial statements
3
Osteo-Clinic (UK) Limited
Balance Sheet
30 June 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
6
152,631
112,381
Current assets
Stocks
1,478
2,240
Debtors
7
33,160
34,845
Cash at bank and in hand
337,684
285,283
---------
---------
372,322
322,368
Creditors: amounts falling due within one year
8
189,466
183,922
---------
---------
Net current assets
182,856
138,446
---------
---------
Total assets less current liabilities
335,487
250,827
---------
---------
Net assets
335,487
250,827
---------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
334,487
249,827
---------
---------
Shareholders funds
335,487
250,827
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Osteo-Clinic (UK) Limited
Balance Sheet (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 5 February 2024 , and are signed on behalf of the board by:
Mr P Visaria
Director
Company registration number: 05701677
Osteo-Clinic (UK) Limited
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 88 Great Northern Road, Dunstable, Bedfordshire, LU5 4BT, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings & equipments
-
25% reducing balance
Motor vehicles
-
20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 21 (2022: 20 ).
5. Intangible assets
Goodwill
£
Cost
At 1 July 2022 and 30 June 2023
423,000
---------
Amortisation
At 1 July 2022 and 30 June 2023
423,000
---------
Carrying amount
At 30 June 2023
---------
At 30 June 2022
---------
6. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 July 2022
281,457
281,457
Additions
16,993
74,134
91,127
---------
--------
---------
At 30 June 2023
298,450
74,134
372,584
---------
--------
---------
Depreciation
At 1 July 2022
169,076
169,076
Charge for the year
32,343
18,534
50,877
---------
--------
---------
At 30 June 2023
201,419
18,534
219,953
---------
--------
---------
Carrying amount
At 30 June 2023
97,031
55,600
152,631
---------
--------
---------
At 30 June 2022
112,381
112,381
---------
--------
---------
7. Debtors
2023
2022
£
£
Trade debtors
6,170
13,152
Other debtors
26,990
21,693
--------
--------
33,160
34,845
--------
--------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
39,275
32,860
Accruals and deferred income
87,818
86,117
Corporation tax
19,947
10,288
Social security and other taxes
3,929
8,085
Barclaycard
497
Other creditors
38,000
46,572
---------
---------
189,466
183,922
---------
---------