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REGISTERED NUMBER: 09695254 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

FISHGUARD CHIROPRACTIC CLINIC LIMITED

FISHGUARD CHIROPRACTIC CLINIC LIMITED (REGISTERED NUMBER: 09695254)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FISHGUARD CHIROPRACTIC CLINIC LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mrs B Ouseley
Mr S G Ouseley





SECRETARY:





REGISTERED OFFICE: Wintern House
High Street
Fishguard
Pembrokeshire
SA65 9AT





REGISTERED NUMBER: 09695254 (England and Wales)





ACCOUNTANTS: L M Griffiths & Co Limited
Chartered Certified Accountants
1&2 Merlins Court
Winch Lane
Haverfordwest
Pembrokeshire
SA61 1SB

FISHGUARD CHIROPRACTIC CLINIC LIMITED (REGISTERED NUMBER: 09695254)

STATEMENT OF FINANCIAL POSITION
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 30,000 45,000
Property, plant and equipment 6 15,855 17,443
45,855 62,443

CURRENT ASSETS
Stocks 1,620 2,272
Debtors 7 64,000 58,805
Cash at bank and in hand 55,693 59,425
121,313 120,502
CREDITORS
Amounts falling due within one year 8 57,077 39,121
NET CURRENT ASSETS 64,236 81,381
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,091

143,824

CREDITORS
Amounts falling due after more than one
year

9

10,832

19,749
NET ASSETS 99,259 124,075

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 99,159 123,975
SHAREHOLDERS' FUNDS 99,259 124,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FISHGUARD CHIROPRACTIC CLINIC LIMITED (REGISTERED NUMBER: 09695254)

STATEMENT OF FINANCIAL POSITION - continued
31 March 2024


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 Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:





Mrs B Ouseley - Director


FISHGUARD CHIROPRACTIC CLINIC LIMITED (REGISTERED NUMBER: 09695254)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Fishguard Chiropractic Clinic Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The directors are not aware of any material uncertainties in making their assessment of going concern. As a result they have adopted the going concern basis of accounting.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Computer equipment - 20% on cost

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 statement of financial position date.


FISHGUARD CHIROPRACTIC CLINIC LIMITED (REGISTERED NUMBER: 09695254)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Income recognition
The company's turnover represents the provision of chiropractic services. The company recognises revenue as soon as the patients service has been provided and a sales invoice provided to the patient.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 150,000
AMORTISATION
At 1 April 2023 105,000
Charge for year 15,000
At 31 March 2024 120,000
NET BOOK VALUE
At 31 March 2024 30,000
At 31 March 2023 45,000

FISHGUARD CHIROPRACTIC CLINIC LIMITED (REGISTERED NUMBER: 09695254)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 27,468 11,077 11,639 50,184
Additions 1,995 618 764 3,377
At 31 March 2024 29,463 11,695 12,403 53,561
DEPRECIATION
At 1 April 2023 18,889 6,094 7,758 32,741
Charge for year 2,115 1,120 1,730 4,965
At 31 March 2024 21,004 7,214 9,488 37,706
NET BOOK VALUE
At 31 March 2024 8,459 4,481 2,915 15,855
At 31 March 2023 8,579 4,983 3,881 17,443

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 64,000 58,805

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,759 8,600
Taxation and social security 31,190 16,513
Other creditors 17,128 14,008
57,077 39,121

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,832 19,749

FISHGUARD CHIROPRACTIC CLINIC LIMITED (REGISTERED NUMBER: 09695254)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs B Ouseley and Mr S G Ouseley
Balance outstanding at start of year 50,605 31,749
Amounts advanced (50,624 ) 106,265
Amounts repaid - (87,409 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (19 ) 50,605