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Registered number: 11915808
Monkman Physiotherapy Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 11915808
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,209 32,385
33,209 32,385
CURRENT ASSETS
Debtors 5 7,389 11,559
Cash at bank and in hand 8,019 12,791
15,408 24,350
Creditors: Amounts Falling Due Within One Year 6 (16,074 ) (15,780 )
NET CURRENT ASSETS (LIABILITIES) (666 ) 8,570
TOTAL ASSETS LESS CURRENT LIABILITIES 32,543 40,955
Creditors: Amounts Falling Due After More Than One Year 7 (13,993 ) (19,537 )
NET ASSETS 18,550 21,418
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 18,450 21,318
SHAREHOLDERS' FUNDS 18,550 21,418
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Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
Mr Thomas Monkman
Director
22/08/2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Monkman Physiotherapy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11915808 . The registered office is Unit 4 Monkman Physiotherapy, Albion Works, Keighley Road, Bingley, BD16 2RD.
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. 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.
2.3. 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:
Leasehold 10% Straight Line
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 8,786 - 35,781 10,094
Additions - 9,998 - -
As at 31 March 2024 8,786 9,998 35,781 10,094
Depreciation
As at 1 April 2023 2,675 - 13,934 5,805
Provided during the period 879 1,694 5,462 1,073
As at 31 March 2024 3,554 1,694 19,396 6,878
Net Book Value
As at 31 March 2024 5,232 8,304 16,385 3,216
As at 1 April 2023 6,111 - 21,847 4,289
Computer Equipment Total
£ £
Cost
As at 1 April 2023 1,098 55,759
Additions - 9,998
As at 31 March 2024 1,098 65,757
Depreciation
As at 1 April 2023 960 23,374
Provided during the period 66 9,174
As at 31 March 2024 1,026 32,548
Net Book Value
As at 31 March 2024 72 33,209
As at 1 April 2023 138 32,385
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,930 8,559
Director's loan account 2,459 3,000
7,389 11,559
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,339 2,339
Bank loans and overdrafts 3,204 3,000
Corporation tax 6,757 8,699
Other taxes and social security 576 556
Other creditors 2,958 -
Accruals and deferred income 240 462
Director's loan account - 724
16,074 15,780
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,697 13,037
Bank loans 3,296 6,500
13,993 19,537
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,339 2,339
Later than one year and not later than five years 10,697 13,037
13,036 15,376
13,036 15,376
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Thomas Monkman (2,275 ) 54,679 54,496 - (2,458 )
The above loan is unsecured, interest free and repayable on demand.
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