Acorah Software Products - Accounts Production 15.0.600 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 12988773 Mrs Madeleine Nazareth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12988773 2022-11-30 12988773 2023-11-30 12988773 2022-12-01 2023-11-30 12988773 frs-core:CurrentFinancialInstruments 2023-11-30 12988773 frs-core:ComputerEquipment 2023-11-30 12988773 frs-core:ComputerEquipment 2022-12-01 2023-11-30 12988773 frs-core:ComputerEquipment 2022-11-30 12988773 frs-core:PlantMachinery 2023-11-30 12988773 frs-core:PlantMachinery 2022-12-01 2023-11-30 12988773 frs-core:PlantMachinery 2022-11-30 12988773 frs-core:ShareCapital 2023-11-30 12988773 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 12988773 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12988773 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 12988773 frs-bus:SmallEntities 2022-12-01 2023-11-30 12988773 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12988773 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 12988773 frs-bus:Director1 2022-12-01 2023-11-30 12988773 frs-countries:EnglandWales 2022-12-01 2023-11-30 12988773 2021-11-30 12988773 2022-11-30 12988773 2021-12-01 2022-11-30 12988773 frs-core:CurrentFinancialInstruments 2022-11-30 12988773 frs-core:ShareCapital 2022-11-30 12988773 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 12988773
Iphysio Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Skymark Financial Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12988773
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,700 5,637
4,700 5,637
CURRENT ASSETS
Debtors 5 1 1
Cash at bank and in hand 741 1,388
742 1,389
Creditors: Amounts Falling Due Within One Year 6 (10,484 ) (9,606 )
NET CURRENT ASSETS (LIABILITIES) (9,742 ) (8,217 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,042 ) (2,580 )
NET LIABILITIES (5,042 ) (2,580 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (5,043 ) (2,581 )
SHAREHOLDERS' FUNDS (5,042) (2,580)
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Madeleine Nazareth
Director
29/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Iphysio Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12988773 . The registered office is Naniki, Lane Foot Farm Kirkby Lonsdale Road, Newton, Carnforth, Lancashire, LA6 2NZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
The financial statements have been prepared on a going concern basis even though at the balance sheet date the company had net (liabilities) amounting to (5,042) 2022:(2,580) and incurred a net (loss)/profit after tax of (£2,462) 2022:£238.
The directors have concluded that a material uncertainly exists that cast’s significant doubt
upon the company's ability to continue as a going concern and that, therefore, the company
may be unable to realise its assets and discharge its liabilities in the normal course of
business.
However, the shareholders have expressed their willingness to provide financial support for
the next 12 months as from the date of approval of the financial statements in order for the
company to meet its current liabilities, therefore the directors continue to adopt the going
concern basis of accounting.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing Balance
Computer Equipment 33.33% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 7,119 1,112 8,231
As at 30 November 2023 7,119 1,112 8,231
Depreciation
As at 1 December 2022 1,976 618 2,594
Provided during the period 771 166 937
As at 30 November 2023 2,747 784 3,531
Net Book Value
As at 30 November 2023 4,372 328 4,700
As at 1 December 2022 5,143 494 5,637
5. Debtors
2023 2022
£ £
Due within one year
Called up share capital not paid 1 1
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 900 888
Director's loan account 9,584 8,718
10,484 9,606
7. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 1 1
Amount of Allotted, Called Up Share Capital 1 1
Page 4