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Company Registration No. 09906583 (England and Wales)
The Key Clinic Ltd Unaudited accounts for the period from 1 April 2023 to 30 March 2024
The Key Clinic Ltd Unaudited accounts Contents
Page
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The Key Clinic Ltd Company Information for the period from 1 April 2023 to 30 March 2024
Director
Sarah Louise Warley
Company Number
09906583 (England and Wales)
Registered Office
The Old Rectory Yattendon Thatcham West Berkshire RG18 0UR United Kingdom
Accountants
Dead Simple Accounting Suite 30, 105 London Street Reading Berkshire RG1 4QD
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The Key Clinic Ltd Statement of financial position as at 30 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
47,305 
48,102 
Current assets
Debtors
252,322 
318,413 
Cash at bank and in hand
142,569 
125,304 
394,891 
443,717 
Creditors: amounts falling due within one year
(190,121)
(33,699)
Net current assets
204,770 
410,018 
Total assets less current liabilities
252,075 
458,120 
Provisions for liabilities
Deferred tax
(13,950)
(13,988)
Net assets
238,125 
444,132 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
238,025 
444,032 
Shareholders' funds
238,125 
444,132 
For the period ending 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 July 2024 and were signed on its behalf by
Sarah Louise Warley Director Company Registration No. 09906583
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The Key Clinic Ltd Notes to the Accounts for the period from 1 April 2023 to 30 March 2024
1
Statutory information
The Key Clinic Ltd is a private company, limited by shares, registered in England and Wales, registration number 09906583. The registered office is The Old Rectory, Yattendon, Thatcham, West Berkshire, RG18 0UR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% Straight line
Fixtures & fittings
18% Straight line
Computer equipment
18% Straight line
Directors comment
Over the past five years, the clinic's strategy has been to reinvest any potential net profit into the business to organically fund the tech development required for scalability and global reach. We have focussed, therefore, on operating profit rather than net to ensure the business model is profitable and healthy. During the 23-24 financial year, our revenues grew by 63%, enabling a much larger reinvestment than in previous years, totaling £1,000,000. This was primarily used to fund the development of an entirely new service offering targeting a new B2B market: Bio-individual, preventative health membership. The objective is to create a new market sector, 'Health-as-a-Service.' - a proactive, evidence-based way to optimize health, targeting companies facing the burnout epidemic. However, the complexity of the objective and scale of tech development required had been underestimated, and we decided to halt any further investment from January 2024, as we were reaching a net loss. Therefore, we decided to split apart the new healthcare service into an entirely new, US-based company called BeBright Healthcare, which we plan to launch in the third quarter of 2024. In addition, we are now claiming an R&D rebate to help offset the considerable investment made over the preceding two-year period. (this alone would have put us back into net profit, had we claimed for it earlier in the year). The capital invested in this new company from The Key Clinic's profits should be viewed as 'seed investment' for the new business. We intend to continue improving The Key Clinic's scalability, reach, and efficiency in the next year, returning it to profit by reducing the planned, organic investment in tech development.
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The Key Clinic Ltd Notes to the Accounts for the period from 1 April 2023 to 30 March 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
13,601 
100,414 
31,050 
145,065 
Additions
8,910 
4,562 
17,400 
30,872 
At 30 March 2024
22,511 
104,976 
48,450 
175,937 
Depreciation
At 1 April 2023
5,491 
78,314 
13,158 
96,963 
Charge for the period
4,052 
18,896 
8,721 
31,669 
At 30 March 2024
9,543 
97,210 
21,879 
128,632 
Net book value
At 30 March 2024
12,968 
7,766 
26,571 
47,305 
At 31 March 2023
8,110 
22,100 
17,892 
48,102 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
197,991 
173,965 
Accrued income and prepayments
54,331 
34,500 
Other debtors
- 
109,948 
252,322 
318,413 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,505 
11,094 
Taxes and social security
60,596 
19,681 
Loans from directors
128,020 
2,924 
190,121 
33,699 
7
Average number of employees
During the period the average number of employees was 14 (2023: 14).
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