IRIS Accounts Production v24.1.0.578 08211608 director 1.10.22 30.9.23 30.9.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082116082022-09-30082116082023-09-30082116082022-10-012023-09-30082116082021-09-30082116082021-10-012022-09-30082116082022-09-3008211608ns15:EnglandWales2022-10-012023-09-3008211608ns14:PoundSterling2022-10-012023-09-3008211608ns10:Director12022-10-012023-09-3008211608ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3008211608ns10:SmallEntities2022-10-012023-09-3008211608ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3008211608ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3008211608ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3008211608ns10:FullAccounts2022-10-012023-09-3008211608ns10:RegisteredOffice2022-10-012023-09-3008211608ns5:CurrentFinancialInstruments2023-09-3008211608ns5:CurrentFinancialInstruments2022-09-3008211608ns5:Non-currentFinancialInstruments2023-09-3008211608ns5:Non-currentFinancialInstruments2022-09-3008211608ns5:ShareCapital2023-09-3008211608ns5:ShareCapital2022-09-3008211608ns5:RetainedEarningsAccumulatedLosses2023-09-3008211608ns5:RetainedEarningsAccumulatedLosses2022-09-3008211608ns5:PlantMachinery2022-10-012023-09-3008211608ns5:FurnitureFittings2022-10-012023-09-3008211608ns5:ComputerEquipment2022-10-012023-09-3008211608ns5:PlantMachinery2022-09-3008211608ns5:FurnitureFittings2022-09-3008211608ns5:ComputerEquipment2022-09-3008211608ns5:PlantMachinery2023-09-3008211608ns5:FurnitureFittings2023-09-3008211608ns5:ComputerEquipment2023-09-3008211608ns5:PlantMachinery2022-09-3008211608ns5:FurnitureFittings2022-09-3008211608ns5:ComputerEquipment2022-09-3008211608ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3008211608ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3008211608ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-09-3008211608ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-09-3008211608ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-09-3008211608ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-09-3008211608ns5:WithinOneYear2023-09-3008211608ns5:WithinOneYear2022-09-3008211608ns5:BetweenOneFiveYears2023-09-3008211608ns5:BetweenOneFiveYears2022-09-3008211608ns5:AllPeriods2023-09-3008211608ns5:AllPeriods2022-09-3008211608ns5:DeferredTaxation2022-09-3008211608ns5:DeferredTaxation2022-10-012023-09-3008211608ns5:DeferredTaxation2023-09-30
REGISTERED NUMBER: 08211608 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

MASON FAMILY CHIROPRACTIC LTD

MASON FAMILY CHIROPRACTIC LTD (REGISTERED NUMBER: 08211608)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MASON FAMILY CHIROPRACTIC LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: M J P Mason





REGISTERED OFFICE: Franciscan House
51 Princes Street
Ipswich
IP1 1UR





REGISTERED NUMBER: 08211608 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

MASON FAMILY CHIROPRACTIC LTD (REGISTERED NUMBER: 08211608)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,276 6,927

CURRENT ASSETS
Stocks 5 1,024 -
Debtors 6 2,636 4,042
Cash at bank 57,095 72,398
60,755 76,440
CREDITORS
Amounts falling due within one year 7 7,417 9,109
NET CURRENT ASSETS 53,338 67,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,614

74,258

CREDITORS
Amounts falling due after more than one
year

8

(6,445

)

(8,912

)

PROVISIONS FOR LIABILITIES 10 (1,002 ) (1,316 )
NET ASSETS 51,167 64,030

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 51,067 63,930
SHAREHOLDERS' FUNDS 51,167 64,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2024 and were signed by:





M J P Mason - Director


MASON FAMILY CHIROPRACTIC LTD (REGISTERED NUMBER: 08211608)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Mason Family Chiropractic Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents income from chiropractic services and is recognised once work is complete.

Revenue from the sale of goods is recognised when the significant risks and rewards and ownership of the goods have been passed to the buyer (usually on dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transactions will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the sale of services is recognised by reference to the stage of completion and when the costs incurred and costs to complete can be estimated reliably. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25% on reducing balance
Furniture,fittings & equipment - 25% on reducing balance
Computer equipment - Over 3 years

Government grants
Grants are accounted for under the accruals method. Grants of a revenue nature are recognised in "other income" within the profit or loss in the same period as the related expenditure.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MASON FAMILY CHIROPRACTIC LTD (REGISTERED NUMBER: 08211608)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant & Furniture,fittings Computer
machinery & equipment equipment Totals
£    £    £    £   
COST
At 1 October 2022 1,628 8,375 2,412 12,415
Additions - 207 197 404
At 30 September 2023 1,628 8,582 2,609 12,819
DEPRECIATION
At 1 October 2022 1,438 2,093 1,957 5,488
Charge for year 48 1,623 384 2,055
At 30 September 2023 1,486 3,716 2,341 7,543
NET BOOK VALUE
At 30 September 2023 142 4,866 268 5,276
At 30 September 2022 190 6,282 455 6,927

5. STOCKS
2023 2022
£    £   
Stocks 1,024 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,346 2,073
Other debtors 1,290 1,290
Prepayments - 679
2,636 4,042

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,467 2,407
Tax 3,749 4,198
Other creditors - 373
Directors' current accounts - 992
Accrued expenses 1,201 1,139
7,417 9,109

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 2,530 2,467
Bank loans - 2-5 years 3,915 6,445
6,445 8,912

MASON FAMILY CHIROPRACTIC LTD (REGISTERED NUMBER: 08211608)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 7,860 5,161
Between one and five years 5,240 -
13,100 5,161

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,002 1,316

Deferred
tax
£   
Balance at 1 October 2022 1,316
Provided during year (314 )
Balance at 30 September 2023 1,002