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Company No: 04680196 (England and Wales)

HAMWORTHY OSTEOPATHIC CLINIC LTD

Unaudited Financial Statements
For the financial year ended 31 July 2023
Pages for filing with the registrar

HAMWORTHY OSTEOPATHIC CLINIC LTD

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

HAMWORTHY OSTEOPATHIC CLINIC LTD

BALANCE SHEET

As at 31 July 2023
HAMWORTHY OSTEOPATHIC CLINIC LTD

BALANCE SHEET (continued)

As at 31 July 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 1,246 276
1,246 276
Current assets
Cash at bank and in hand 44,618 41,623
44,618 41,623
Creditors: amounts falling due within one year 5 ( 28,445) ( 30,541)
Net current assets 16,173 11,082
Total assets less current liabilities 17,419 11,358
Creditors: amounts falling due after more than one year 6 ( 4,000) ( 4,000)
Net assets 13,419 7,358
Capital and reserves
Called-up share capital 1 1
Profit and loss account 13,418 7,357
Total shareholder's funds 13,419 7,358

For the financial year ending 31 July 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 Hamworthy Osteopathic Clinic Ltd (registered number: 04680196) were approved and authorised for issue by the Director on 23 January 2024. They were signed on its behalf by:

G D Ball
Director
HAMWORTHY OSTEOPATHIC CLINIC LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
HAMWORTHY OSTEOPATHIC CLINIC LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 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 year, unless otherwise stated.

General information and basis of accounting

Hamworthy Osteopathic Clinic Ltd (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 104 Clarendon Road, Broadstone, England, BH18 9HY.

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 £.

Turnover

Turnover is stated gross of VAT and net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
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 15 % reducing balance
Office equipment 3 years straight line

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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 August 2022 30,000 30,000
At 31 July 2023 30,000 30,000
Accumulated amortisation
At 01 August 2022 30,000 30,000
At 31 July 2023 30,000 30,000
Net book value
At 31 July 2023 0 0
At 31 July 2022 0 0

4. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 August 2022 3,643 2,017 5,660
Additions 619 600 1,219
At 31 July 2023 4,262 2,617 6,879
Accumulated depreciation
At 01 August 2022 3,367 2,017 5,384
Charge for the financial year 116 133 249
At 31 July 2023 3,483 2,150 5,633
Net book value
At 31 July 2023 779 467 1,246
At 31 July 2022 276 0 276

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to director 19,578 23,951
Accruals 2,100 2,001
Taxation and social security 6,767 4,589
28,445 30,541

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other creditors 4,000 4,000

There are no amounts included above in respect of which any security has been given by the small entity.