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REGISTERED NUMBER: 07074215 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

BRIAN FINLAY PHYSIO WORKS LIMITED

BRIAN FINLAY PHYSIO WORKS LIMITED (REGISTERED NUMBER: 07074215)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRIAN FINLAY PHYSIO WORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: Mr B Finlay
Mrs H Finlay





REGISTERED OFFICE: 40 Moorcroft Road
Allerton
Liverpool
Merseyside
L18 9UQ





REGISTERED NUMBER: 07074215 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

BRIAN FINLAY PHYSIO WORKS LIMITED (REGISTERED NUMBER: 07074215)

BALANCE SHEET
30TH NOVEMBER 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,291 1,432

CURRENT ASSETS
Debtors 5 23,998 45,087
Cash at bank 48,066 44,930
72,064 90,017
CREDITORS
Amounts falling due within one year 6 (62,316 ) (74,308 )
NET CURRENT ASSETS 9,748 15,709
TOTAL ASSETS LESS CURRENT LIABILITIES 11,039 17,141

CREDITORS
Amounts falling due after more than
one year

7

(10,000

)

(16,000

)

PROVISIONS FOR LIABILITIES 8 (323 ) (272 )
NET ASSETS 716 869

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 10 516 669
SHAREHOLDERS' FUNDS 716 869

BRIAN FINLAY PHYSIO WORKS LIMITED (REGISTERED NUMBER: 07074215)

BALANCE SHEET - continued
30TH NOVEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th August 2024 and were signed on its behalf by:





Mr B Finlay - Director


BRIAN FINLAY PHYSIO WORKS LIMITED (REGISTERED NUMBER: 07074215)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023


1. STATUTORY INFORMATION

Brian Finlay Physio Works 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

BRIAN FINLAY PHYSIO WORKS LIMITED (REGISTERED NUMBER: 07074215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

Basic financial assets:
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities:
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


BRIAN FINLAY PHYSIO WORKS LIMITED (REGISTERED NUMBER: 07074215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st December 2022 1,165 8,189 9,354
Additions - 636 636
At 30th November 2023 1,165 8,825 9,990
DEPRECIATION
At 1st December 2022 603 7,319 7,922
Charge for year 141 636 777
At 30th November 2023 744 7,955 8,699
NET BOOK VALUE
At 30th November 2023 421 870 1,291
At 30th November 2022 562 870 1,432

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 23,693 44,957
Other debtors 305 130
23,998 45,087

BRIAN FINLAY PHYSIO WORKS LIMITED (REGISTERED NUMBER: 07074215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 826 -
Taxation and social security 12,207 14,423
Other creditors 43,283 53,885
62,316 74,308

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 10,000 16,000

8. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 323 272

Deferred
tax
£   
Balance at 1st December 2022 272
Charge to Statement of Income and Retained Earnings
during year

51
Balance at 30th November 2023 323

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
88 Ordinary A £1 88 88
88 Ordinary B £1 88 88
8 Ordinary C £1 8 8
8 Ordinary D £1 8 8
8 Ordinary E £1 8 8
200 200

BRIAN FINLAY PHYSIO WORKS LIMITED (REGISTERED NUMBER: 07074215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


10. RESERVES
Retained
earnings
£   

At 1st December 2022 669
Profit for the year 48,847
Dividends (49,000 )
At 30th November 2023 516

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The maximum balance the Directors Loan Account was overdrawn by during the year was £6,119. No interest has been charged on the overdrawn amount. Amounts are repayable on demand.