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REGISTERED NUMBER: 12213208 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

MATT SHEPHERD PHYSIOTHERAPY LIMITED

MATT SHEPHERD PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 12213208)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Report of the Director 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Statement of Changes in Equity 7

Notes to the Financial Statements 8


MATT SHEPHERD PHYSIOTHERAPY LIMITED

Company Information
for the year ended 31 March 2024







DIRECTOR: M Shepherd





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 12213208 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

MATT SHEPHERD PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 12213208)

Report of the Director
for the year ended 31 March 2024

The director presents his report with the financial statements of the company for the year ended 31 March 2024.

DIRECTOR
M Shepherd held office during the whole of the period from 1 April 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M Shepherd - Director


1 August 2024

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Matt Shepherd Physiotherapy Limited


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Matt Shepherd Physiotherapy Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Matt Shepherd Physiotherapy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Matt Shepherd Physiotherapy Limited. You consider that Matt Shepherd 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 financial statements of Matt Shepherd 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 financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


2 August 2024

MATT SHEPHERD PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 12213208)

Income Statement
for the year ended 31 March 2024

2024 2023
Notes £    £   

TURNOVER 63,945 56,341

Administrative expenses 43,881 3,629
OPERATING PROFIT 20,064 52,712

Interest receivable and similar income 293 -
PROFIT BEFORE TAXATION 20,357 52,712

Tax on profit 4 4,140 10,075
PROFIT FOR THE FINANCIAL YEAR 16,217 42,637

MATT SHEPHERD PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 12213208)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,203 1,604

CURRENT ASSETS
Debtors 6 19,820 40,876
Cash at bank 36,022 39,772
55,842 80,648
CREDITORS
Amounts falling due within one year 7 39,570 44,918
NET CURRENT ASSETS 16,272 35,730
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,475

37,334

PROVISIONS FOR LIABILITIES 8 229 305
NET ASSETS 17,246 37,029

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 17,245 37,028
SHAREHOLDERS' FUNDS 17,246 37,029

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 director acknowledges his 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.

MATT SHEPHERD PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 12213208)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 1 August 2024 and were signed by:





M Shepherd - Director


MATT SHEPHERD PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 12213208)

Statement of Changes in Equity
for the year ended 31 March 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2022 1 30,391 30,392

Changes in equity
Dividends - (36,000 ) (36,000 )
Total comprehensive income - 42,637 42,637
Balance at 31 March 2023 1 37,028 37,029

Changes in equity
Dividends - (36,000 ) (36,000 )
Total comprehensive income - 16,217 16,217
Balance at 31 March 2024 1 17,245 17,246

MATT SHEPHERD PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 12213208)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Matt Shepherd Physiotherapy 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.

Critical estimates and judgements
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Turnover
Turnover represents net sales of services, excluding value added tax. Turnover is recognised when the service is rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office Equipment - 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


MATT SHEPHERD PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 12213208)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Hire purchase and leasing agreements
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 4,216 9,977

Deferred tax (76 ) 98
Tax on profit 4,140 10,075

MATT SHEPHERD PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 12213208)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Office
Equipment
£   
COST
At 1 April 2023
and 31 March 2024 2,724
DEPRECIATION
At 1 April 2023 1,120
Charge for year 401
At 31 March 2024 1,521
NET BOOK VALUE
At 31 March 2024 1,203
At 31 March 2023 1,604

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 19,820 40,876

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1
Taxation and social security 4,216 9,977
Other creditors 35,354 34,940
39,570 44,918

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 229 305

Deferred
tax
£   
Balance at 1 April 2023 305
Accelerated capital allowances (76 )
Balance at 31 March 2024 229

MATT SHEPHERD PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 12213208)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A £1 1 1