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Company Registration No. 09317346 (England and Wales)
Summerseat Physiotherapy Clinic Limited Unaudited accounts for the year ended 31 March 2023
Summerseat Physiotherapy Clinic Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
66,408 
69,556 
Investments
50,000 
- 
116,408 
69,556 
Current assets
Debtors
393,080 
68,856 
Cash at bank and in hand
69,450 
334,556 
462,530 
403,412 
Creditors: amounts falling due within one year
(127,081)
(80,484)
Net current assets
335,449 
322,928 
Total assets less current liabilities
451,857 
392,484 
Provisions for liabilities
Deferred tax
(16,237)
- 
Net assets
435,620 
392,484 
Capital and reserves
Called up share capital
103 
103 
Profit and loss account
435,517 
392,381 
Shareholders' funds
435,620 
392,484 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 January 2024 and were signed on its behalf by
A Pimm Director Company Registration No. 09317346
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Summerseat Physiotherapy Clinic Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Summerseat Physiotherapy Clinic Limited is a private company, limited by shares, registered in England and Wales, registration number 09317346. The registered office is 14 Robin Road, Summerseat, Bury, BL9 5QP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on a going concern basis which assumes the company will continue in operational existence for the foreseeable future.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised when the services have been provided.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Deferred taxation
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 accounts. 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Summerseat Physiotherapy Clinic Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
124,675 
26,500 
16,891 
168,066 
Additions
10,760 
- 
3,334 
14,094 
At 31 March 2023
135,435 
26,500 
20,225 
182,160 
Depreciation
At 1 April 2022
71,900 
16,252 
10,358 
98,510 
Charge for the year
12,707 
2,562 
1,973 
17,242 
At 31 March 2023
84,607 
18,814 
12,331 
115,752 
Net book value
At 31 March 2023
50,828 
7,686 
7,894 
66,408 
At 31 March 2022
52,775 
10,248 
6,533 
69,556 
5
Investments
Other investments 
£ 
Valuation at 1 April 2022
- 
Additions
50,000 
Valuation at 31 March 2023
50,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
75,305 
68,856 
Accrued income and prepayments
1,954 
- 
Other debtors
79,693 
- 
156,952 
68,856 
Amounts falling due after more than one year
Other debtors
236,128 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
675 
130 
Taxes and social security
122,927 
32,166 
Other creditors
- 
45,713 
Accruals
3,479 
2,475 
127,081 
80,484 
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Summerseat Physiotherapy Clinic Limited Notes to the Accounts for the year ended 31 March 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
(45,974)
295,571 
13,469 
236,128 
(45,974)
295,571 
13,469 
236,128 
During the year a director received an interest free loan of £282,103. The amount outstanding at the year end, which is repayable on demand and classified within debtors, was £236,128 (2022:£(45,974).
9
Average number of employees
During the year the average number of employees was 10 (2022: 12).
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