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REGISTERED NUMBER: 04266853 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

PHYSIO IMPULSE LTD.

PHYSIO IMPULSE LTD. (REGISTERED NUMBER: 04266853)






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


PHYSIO IMPULSE LTD.

Company Information
for the year ended 31 March 2024







DIRECTOR: S Galise





SECRETARY: J Galise





REGISTERED OFFICE: 12 Cedric Road
Weston
Bath
BA1 3PA





REGISTERED NUMBER: 04266853 (England and Wales)





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

PHYSIO IMPULSE LTD. (REGISTERED NUMBER: 04266853)

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
S Galise 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:





J Galise - Secretary


1 August 2024

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Physio Impulse Ltd.


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Physio Impulse Ltd. 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 Physio Impulse Ltd. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Physio Impulse Ltd. and state those matters that we have agreed to state to the director of Physio Impulse Ltd. 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 Physio Impulse Ltd. and its director for our work or for this report.

It is your duty to ensure that Physio Impulse Ltd. 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 Physio Impulse Ltd.. You consider that Physio Impulse Ltd. 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 Physio Impulse Ltd.. 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


7 August 2024

PHYSIO IMPULSE LTD. (REGISTERED NUMBER: 04266853)

Income Statement
for the year ended 31 March 2024

Period
1.9.22
Year Ended to
31.3.24 31.3.23
Notes £    £   

TURNOVER 182,598 88,158

Cost of sales 15,950 6,651
GROSS PROFIT 166,648 81,507

Administrative expenses 65,775 33,515
OPERATING PROFIT 100,873 47,992

Interest receivable and similar income 174 -
PROFIT BEFORE TAXATION 101,047 47,992

Tax on profit 4 23,728 9,282
PROFIT FOR THE FINANCIAL YEAR 77,319 38,710

PHYSIO IMPULSE LTD. (REGISTERED NUMBER: 04266853)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,925 2,967

CURRENT ASSETS
Debtors 6 99,326 32,876
Cash at bank 31,281 123,473
130,607 156,349
CREDITORS
Amounts falling due within one year 7 25,900 49,920
NET CURRENT ASSETS 104,707 106,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,632

109,396

PROVISIONS FOR LIABILITIES 8 481 564
NET ASSETS 106,151 108,832

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 106,051 108,732
SHAREHOLDERS' FUNDS 106,151 108,832

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.

PHYSIO IMPULSE LTD. (REGISTERED NUMBER: 04266853)

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:





S Galise - Director


PHYSIO IMPULSE LTD. (REGISTERED NUMBER: 04266853)

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

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 September 2022 100 70,022 70,122

Changes in equity
Total comprehensive income - 38,710 38,710
Balance at 31 March 2023 100 108,732 108,832

Changes in equity
Dividends - (80,000 ) (80,000 )
Total comprehensive income - 77,319 77,319
Balance at 31 March 2024 100 106,051 106,151

PHYSIO IMPULSE LTD. (REGISTERED NUMBER: 04266853)

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

1. STATUTORY INFORMATION

Physio Impulse Ltd. 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 accounting 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

PHYSIO IMPULSE LTD. (REGISTERED NUMBER: 04266853)

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

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
Period
1.9.22
Year Ended to
31.3.24 31.3.23
£    £   
Current tax:
UK corporation tax 23,811 9,378

Deferred tax (83 ) (96 )
Tax on profit 23,728 9,282

PHYSIO IMPULSE LTD. (REGISTERED NUMBER: 04266853)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 10,026 7,592 17,618
Disposals (9,567 ) (2,899 ) (12,466 )
At 31 March 2024 459 4,693 5,152
DEPRECIATION
At 1 April 2023 9,661 4,990 14,651
Charge for year 41 601 642
Eliminated on disposal (9,366 ) (2,700 ) (12,066 )
At 31 March 2024 336 2,891 3,227
NET BOOK VALUE
At 31 March 2024 123 1,802 1,925
At 31 March 2023 365 2,602 2,967

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60 -
Other debtors 99,266 32,876
99,326 32,876

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 23,811 26,210
Other creditors 2,089 23,710
25,900 49,920

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 481 564

PHYSIO IMPULSE LTD. (REGISTERED NUMBER: 04266853)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 564
Accelerated capital allowances (8 )
Balance at 31 March 2024 556

** BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT SCREEN OF 556
DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB 481

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

Both A and B shares rank pari passu.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the directors owed the company £87,446. During the year £198,891 was advanced and £89,722 was repaid. The loan was cleared shortly after the year end.