Registration number:
CEC Physio And Racing Limited
for the Period from 1 August 2022 to 30 November 2023
CEC Physio And Racing Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
CEC Physio And Racing Limited
(Registration number: 13533628)
Balance Sheet as at 30 November 2023
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2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current (liabilities)/assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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For the financial period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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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.
CEC Physio And Racing Limited
(Registration number: 13533628)
Balance Sheet as at 30 November 2023
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 and Directors' Report has been taken.
Approved and authorised by the
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CEC Physio And Racing Limited
Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 30 November 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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.
Disclosure of long or short period
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
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.
CEC Physio And Racing Limited
Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 30 November 2023
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.
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 |
Property |
not depreciated |
Furniture, fittings and equipment |
25% reducing balance |
Plant and machinery |
25% reducing balance |
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
CEC Physio And Racing Limited
Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 30 November 2023
Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Other tangible assets |
Total |
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Cost or valuation |
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At 1 August 2022 |
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Additions |
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At 30 November 2023 |
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Depreciation |
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At 1 August 2022 |
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Charge for the period |
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At 30 November 2023 |
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Carrying amount |
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At 30 November 2023 |
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At 31 July 2022 |
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Included within the net book value of land and buildings above is £89,758 (2022 - £Nil) in respect of freehold land and buildings.
Debtors |
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2022 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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CEC Physio And Racing Limited
Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 30 November 2023
Creditors |
Creditors: amounts falling due within one year
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2023 |
2022 |
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Due within one year |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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