Equilibrium Chiropractic Limited 06564207 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is a chiropractors Digita Accounts Production Advanced 6.30.9574.0 true true 06564207 2023-04-01 2024-03-31 06564207 2024-03-31 06564207 bus:OrdinaryShareClass1 2024-03-31 06564207 core:CurrentFinancialInstruments 2024-03-31 06564207 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06564207 core:Goodwill 2024-03-31 06564207 core:FurnitureFittings 2024-03-31 06564207 core:MotorVehicles 2024-03-31 06564207 core:OfficeEquipment 2024-03-31 06564207 core:PlantMachinery 2024-03-31 06564207 bus:SmallEntities 2023-04-01 2024-03-31 06564207 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06564207 bus:FilletedAccounts 2023-04-01 2024-03-31 06564207 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06564207 bus:RegisteredOffice 2023-04-01 2024-03-31 06564207 bus:CompanySecretary1 2023-04-01 2024-03-31 06564207 bus:Director1 2023-04-01 2024-03-31 06564207 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 06564207 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06564207 core:Goodwill 2023-04-01 2024-03-31 06564207 core:ComputerEquipment 2023-04-01 2024-03-31 06564207 core:FurnitureFittings 2023-04-01 2024-03-31 06564207 core:MotorVehicles 2023-04-01 2024-03-31 06564207 core:OfficeEquipment 2023-04-01 2024-03-31 06564207 core:PlantMachinery 2023-04-01 2024-03-31 06564207 countries:AllCountries 2023-04-01 2024-03-31 06564207 2023-03-31 06564207 core:Goodwill 2023-03-31 06564207 core:FurnitureFittings 2023-03-31 06564207 core:MotorVehicles 2023-03-31 06564207 core:OfficeEquipment 2023-03-31 06564207 core:PlantMachinery 2023-03-31 06564207 2022-04-01 2023-03-31 06564207 2023-03-31 06564207 bus:OrdinaryShareClass1 2023-03-31 06564207 core:CurrentFinancialInstruments 2023-03-31 06564207 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06564207 core:FurnitureFittings 2023-03-31 06564207 core:MotorVehicles 2023-03-31 06564207 core:OfficeEquipment 2023-03-31 06564207 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06564207

Equilibrium Chiropractic Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Equilibrium Chiropractic Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Equilibrium Chiropractic Limited

Company Information

Director

A Hindley

Company secretary

K M W West

Registered office

98 Station Street
Burton-on-Trent
Derbyshire
DE14 1BT

Accountants

Wychbury Greaves
Station House
Station Road
Rugeley
Staffordshire
WS15 3HA

 

Equilibrium Chiropractic Limited

(Registration number: 06564207)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

25,835

33,862

Current assets

 

Stocks

555

555

Debtors

1,045

1,770

Cash at bank and in hand

 

41,678

46,427

 

43,278

48,752

Creditors: Amounts falling due within one year

(12,830)

(40,349)

Net current assets

 

30,448

8,403

Total assets less current liabilities

 

56,283

42,265

Provisions for liabilities

(4,909)

(6,434)

Net assets

 

51,374

35,831

Capital and reserves

 

Called up share capital

6

1

1

Share premium reserve

3,622

3,622

Retained earnings

47,751

32,208

Shareholders' funds

 

51,374

35,831

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 July 2024
 

 

Equilibrium Chiropractic Limited

(Registration number: 06564207)
Balance Sheet as at 31 March 2024

.........................................
A Hindley
Director

 

Equilibrium Chiropractic Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
98 Station Street
Burton-on-Trent
Derbyshire
DE14 1BT

These financial statements were authorised for issue by the director on 15 July 2024.

2

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

Equilibrium Chiropractic Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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

Plant and machinery

25% on reducing balance

Fixtures and fittings

25% on reducing balance

Motor Vehicles

25% on reducing balance

Computer costs

25% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Equilibrium Chiropractic Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 3).

 

Equilibrium Chiropractic Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

64,000

64,000

At 31 March 2024

64,000

64,000

Amortisation

At 1 April 2023

64,000

64,000

At 31 March 2024

64,000

64,000

Carrying amount

At 31 March 2024

-

-

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 April 2023

11,868

26,138

2,512

23,139

Additions

-

-

536

-

At 31 March 2024

11,868

26,138

3,048

23,139

Depreciation

At 1 April 2023

10,994

17,257

1,544

-

Charge for the year

221

2,225

332

5,785

At 31 March 2024

11,215

19,482

1,876

5,785

Carrying amount

At 31 March 2024

653

6,656

1,172

17,354

At 31 March 2023

874

8,881

968

23,139

 

Equilibrium Chiropractic Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Total
£

Cost or valuation

At 1 April 2023

63,657

Additions

536

At 31 March 2024

64,193

Depreciation

At 1 April 2023

29,795

Charge for the year

8,563

At 31 March 2024

38,358

Carrying amount

At 31 March 2024

25,835

At 31 March 2023

33,862

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

1

1

1

1

       

7

Dividends

2024

2023

£

£

Interim dividend of £Nil (2023 - £2,600.00) per ordinary share

-

26,000