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REGISTERED NUMBER: 08019167 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st May 2024

for

Physio Formula Limited

Previously known as
Bridgehouse Clinic Ltd

Physio Formula Limited (Registered number: 08019167)
previously known as Bridgehouse Clinic Ltd






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Physio Formula Limited
previously known as Bridgehouse Clinic Ltd

Company Information
for the Year Ended 31st May 2024







DIRECTOR: Mrs A Bowler





REGISTERED OFFICE: 46 Hoyle House Fold
Linthwaite
Huddersfield
West Yorkshire
HD7 5NG





REGISTERED NUMBER: 08019167 (England and Wales)

Physio Formula Limited (Registered number: 08019167)
previously known as Bridgehouse Clinic Ltd

Balance Sheet
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,882 2,214
1,882 2,214

CURRENT ASSETS
Debtors 6 2,826 4,660
Cash at bank and in hand 150,688 201,309
153,514 205,969
CREDITORS
Amounts falling due within one year 7 35,189 112,869
NET CURRENT ASSETS 118,325 93,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,207

95,314

PROVISIONS FOR LIABILITIES 433 422
NET ASSETS 119,774 94,892

Physio Formula Limited (Registered number: 08019167)
previously known as Bridgehouse Clinic Ltd

Balance Sheet - continued
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 119,773 94,891
SHAREHOLDERS' FUNDS 119,774 94,892

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

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

The director acknowledges her 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 1st August 2024 and were signed by:





Mrs A Bowler - Director


Physio Formula Limited (Registered number: 08019167)
previously known as Bridgehouse Clinic Ltd

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Physio Formula 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.

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 invoiced sales of services and goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been fully amortised.

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.
Fixtures and fittings - 15% on Reducing Balance

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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.

Physio Formula Limited (Registered number: 08019167)
previously known as Bridgehouse Clinic Ltd

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2023
and 31st May 2024 156,327
AMORTISATION
At 1st June 2023
and 31st May 2024 156,327
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023
and 31st May 2024 10,785
DEPRECIATION
At 1st June 2023 8,571
Charge for year 332
At 31st May 2024 8,903
NET BOOK VALUE
At 31st May 2024 1,882
At 31st May 2023 2,214

Physio Formula Limited (Registered number: 08019167)
previously known as Bridgehouse Clinic Ltd

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 2,391 3,675
Other debtors 435 985
2,826 4,660

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 14,613 10,011
Other creditors 20,576 102,858
35,189 112,869

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.24 31.5.23
£    £   
Within one year - 19,223

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary £1 1 1

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs A Bowler.