Registered number
09737878
Achieve Physiotherapy Ltd
Unaudited Filleted Accounts
31 August 2023
Achieve Physiotherapy Ltd
Registered number: 09737878
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 79,012 18,218
Current assets
Debtors 4 145,241 77,432
Cash at bank and in hand 213,375 232,028
358,616 309,460
Creditors: amounts falling due within one year 5 (63,570) (68,441)
Net current assets 295,046 241,019
Total assets less current liabilities 374,058 259,237
Creditors: amounts falling due after more than one year 6 (45,102) (14,167)
Net assets 328,956 245,070
Capital and reserves
Called up share capital 100 100
Profit and loss account 328,856 244,970
Shareholder's funds 328,956 245,070
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Rickie Lee Lovell
Director
Approved by the board on 17 April 2024
Achieve Physiotherapy Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 21,428
Additions 71,089
At 31 August 2023 92,517
Depreciation
At 1 September 2022 3,210
Charge for the year 10,295
At 31 August 2023 13,505
Net book value
At 31 August 2023 79,012
At 31 August 2022 18,218
4 Debtors 2023 2022
£ £
Amounts owed by related party 140,700 76,690
Other debtors 4,541 742
145,241 77,432
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,324 5,324
Obligations under finance lease and hire purchase contracts 9,584 -
Trade creditors 13,237 233
Taxation and social security costs 5,222 28,180
Other creditors 30,203 34,704
63,570 68,441
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 9,230 14,167
Obligations under finance lease and hire purchase contracts 35,872 -
45,102 14,167
7 Related party transactions
As at 31 August 2023, Achieve Physiotherapy Ltd was owed £140,700 from Achieve Functional Fitness Ltd, a company in which Mr Rickie Lee Lovell is a director.
8 Other information
Achieve Physiotherapy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
21-22 Wenlock Road
London
England
N1 7GU
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