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Registration number: 07518226

Bowden Physiotherapy Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Bowden Physiotherapy Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Bowden Physiotherapy Limited

Company Information

Director

Ms Nicola S Bowden

Registered office

6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Bowden Physiotherapy Limited
for the Year Ended 29 February 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bowden Physiotherapy Limited for the year ended 29 February 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Bowden Physiotherapy Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Bowden Physiotherapy Limited and state those matters that we have agreed to state to the Board of Directors of Bowden Physiotherapy Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bowden Physiotherapy Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bowden Physiotherapy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bowden Physiotherapy Limited. You consider that Bowden Physiotherapy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Bowden Physiotherapy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

25 July 2024

 

Bowden Physiotherapy Limited

(Registration number: 07518226)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

284,745

287,486

Current assets

 

Debtors

5

81,703

75,233

Cash at bank and in hand

 

72,214

39,078

 

153,917

114,311

Creditors: Amounts falling due within one year

6

(53,455)

(37,850)

Net current assets

 

100,462

76,461

Total assets less current liabilities

 

385,207

363,947

Creditors: Amounts falling due after more than one year

6

(176,823)

(196,470)

Provisions for liabilities

(5,124)

(3,172)

Net assets

 

203,260

164,305

Capital and reserves

 

Called up share capital

200

200

Retained earnings

203,060

164,105

Shareholders' funds

 

203,260

164,305

 

Bowden Physiotherapy Limited

(Registration number: 07518226)
Balance Sheet as at 29 February 2024

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 25 July 2024
 

.........................................

Ms Nicola S Bowden

Director

 

Bowden Physiotherapy Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received for the provision of physiotherapy services in the ordinary course of the company’s trading activities. Turnover is shown net of value added tax, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Bowden Physiotherapy Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

2% straight line

Fixtures fittings and equipment

20% reducing balance

Computer equipment

33% straight line

Motor vehicles

25% reducing balance

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2023 - 7).

 

Bowden Physiotherapy Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2023

318,691

72,037

14,000

404,728

Additions

-

9,265

-

9,265

At 29 February 2024

318,691

81,302

14,000

413,993

Depreciation

At 1 March 2023

50,753

61,020

5,469

117,242

Charge for the year

6,373

3,500

2,133

12,006

At 29 February 2024

57,126

64,520

7,602

129,248

Carrying amount

At 29 February 2024

261,565

16,782

6,398

284,745

At 28 February 2023

267,938

11,017

8,531

287,486

5

Debtors

2024
£

2023
£

Trade debtors

17,058

12,037

Prepayments

809

800

Other debtors

63,836

62,396

81,703

75,233

 

Bowden Physiotherapy Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

24,066

19,118

Taxation and social security

 

1,802

1,177

Accruals and deferred income

 

4,703

4,817

Other creditors

 

22,884

12,738

 

53,455

37,850

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

147,573

166,470

Deferred income

 

29,250

30,000

 

176,823

196,470

7

Related party transactions

During the year the director received advances totalling £41,014 from the company. Repayments were made by the director of £40,500. At the year end the outstanding was £2,910 (2023: £2,396). No interest was charged on the outstanding balance. All loans to the directors are repayable on demand.