Company Registration No. NI664655 (Northern Ireland)
YOUR PHYSIO (N.I) LTD
Unaudited accounts
for the year ended 30 September 2023
YOUR PHYSIO (N.I) LTD
Unaudited accounts
Contents
YOUR PHYSIO (N.I) LTD
Company Information
for the year ended 30 September 2023
Directors
Justine McKendry
Stephen McKendry
Company Number
NI664655 (Northern Ireland)
Registered Office
1 Campsie Business Park
McClean Road, Eglinton
Derry
BT47 3XX
Accountants
Satori Accounting
11 Orchard Business Park
Pennyburn Industrial Estate
Derry
Northern Ireland
BT48 0LU
YOUR PHYSIO (N.I) LTD
Statement of financial position
as at 30 September 2023
Intangible assets
5,815
8,823
Tangible assets
9,434
15,337
Cash at bank and in hand
18,569
15,436
Creditors: amounts falling due within one year
(10,182)
(8,689)
Net current assets
10,282
7,428
Total assets less current liabilities
25,531
31,588
Creditors: amounts falling due after more than one year
(19,429)
(21,828)
Provisions for liabilities
Other provisions
(100)
(200)
Called up share capital
2
2
Profit and loss account
6,000
9,558
Shareholders' funds
6,002
9,560
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by
Justine McKendry
Director
Company Registration No. NI664655
YOUR PHYSIO (N.I) LTD
Notes to the Accounts
for the year ended 30 September 2023
YOUR PHYSIO (N.I) LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI664655. The registered office is 1 Campsie Business Park, McClean Road, Eglinton, Derry, BT47 3XX.
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.
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 by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts are presented in £ sterling.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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. Contributions to the directors' pension are charged to the profit and loss account when paid.
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:
Fixtures & fittings
20% Straight Line
Computer equipment
33% Straight Line
Intangible fixed assets consists of goodwill purchased upon incorporation of the business and website costs. Goodwill and website costs are included at cost less accumulated amortisation. Both are amortised over 5 year useful economic lives.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
YOUR PHYSIO (N.I) LTD
Notes to the Accounts
for the year ended 30 September 2023
4
Intangible fixed assets
Goodwill
Other
Total
At 1 October 2022
10,000
5,040
15,040
At 30 September 2023
10,000
5,040
15,040
At 1 October 2022
5,667
550
6,217
Charge for the year
2,000
1,008
3,008
At 30 September 2023
7,667
1,558
9,225
At 30 September 2023
2,333
3,482
5,815
At 30 September 2022
4,333
4,490
8,823
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2022
17,818
8,060
3,997
29,875
At 30 September 2023
18,636
8,060
3,997
30,693
At 1 October 2022
6,511
5,709
2,318
14,538
Charge for the year
3,676
2,015
1,030
6,721
At 30 September 2023
10,187
7,724
3,348
21,259
At 30 September 2023
8,449
336
649
9,434
At 30 September 2022
11,307
2,351
1,679
15,337
Amounts falling due within one year
Accrued income and prepayments
-
621
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
9,222
6,432
Loans from directors
960
960
YOUR PHYSIO (N.I) LTD
Notes to the Accounts
for the year ended 30 September 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Aggregate of amounts that fall due for payment after five years
-
1,455
The company obtained a bounce back loan. This is repayable over 6 years in total. There is no security held against this loan.
9
Provisions for liabilities
£
The provision for liabilities in the financial statements relates to a capital grant reserve.
10
Average number of employees
During the year the average number of employees was 5 (2022: 6).