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
Tangible assets
66,408
69,556
Cash at bank and in hand
69,450
334,556
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
Net assets
435,620
392,484
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
Summerseat Physiotherapy Clinic Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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.
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
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
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
-
Valuation at 31 March 2023
50,000
Amounts falling due within one year
Trade debtors
75,305
68,856
Accrued income and prepayments
1,954
-
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
122,927
32,166
Summerseat Physiotherapy Clinic Limited
Notes to the Accounts
for the year ended 31 March 2023
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).