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Registered number: 12206072
Essex Podiatry Ltd
Financial Statements
For The Year Ended 30 September 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12206072
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 21,937 900
Tangible Assets 5 11,170 4,113
33,107 5,013
CURRENT ASSETS
Debtors 6 12,953 13,764
Cash at bank and in hand 6,412 2,007
19,365 15,771
Creditors: Amounts Falling Due Within One Year 7 (35,291 ) (13,104 )
NET CURRENT ASSETS (LIABILITIES) (15,926 ) 2,667
TOTAL ASSETS LESS CURRENT LIABILITIES 17,181 7,680
Creditors: Amounts Falling Due After More Than One Year 8 (17,120 ) (13,669 )
NET ASSETS/(LIABILITIES) 61 (5,989 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 60 (5,990 )
SHAREHOLDERS' FUNDS 61 (5,989)
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Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Reid
Director
26 July 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Essex Podiatry Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12206072 . The registered office is Damer House, Meadow Way, Wickford, Essex, SS12 9HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added taxes, and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Computer Equipment 25% Reducing balance
2.5. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 4 (2022: 4)
4 4
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4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2022 3,600
Additions 24,375
As at 30 September 2023 27,975
Amortisation
As at 1 October 2022 2,700
Provided during the period 3,338
As at 30 September 2023 6,038
Net Book Value
As at 30 September 2023 21,937
As at 1 October 2022 900
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 October 2022 9,091 494 9,585
Additions 10,780 - 10,780
As at 30 September 2023 19,871 494 20,365
Depreciation
As at 1 October 2022 5,256 216 5,472
Provided during the period 3,654 69 3,723
As at 30 September 2023 8,910 285 9,195
Net Book Value
As at 30 September 2023 10,961 209 11,170
As at 1 October 2022 3,835 278 4,113
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 12,953 13,764
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,962 -
Bank loans and overdrafts 5,272 5,275
Other loans 4,504 -
Other creditors 17,194 2,581
Taxation and social security 6,359 5,248
35,291 13,104
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 11,436 13,669
Other loans 5,684 -
17,120 13,669
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2022 Amounts advanced Amounts repaid Amounts written off As at 30 September 2023
£ £ £ £ £
Mr David Reid 10,715 - 810 - 9,905
The above loan is unsecured, interest free and repayable on demand.
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