DE Sports Therapy Limited 13211430 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is physical well-being activities Digita Accounts Production Advanced 6.30.9574.0 true true 13211430 2023-05-01 2024-04-30 13211430 2024-04-30 13211430 core:CurrentFinancialInstruments 2024-04-30 13211430 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 13211430 core:Non-currentFinancialInstruments 2024-04-30 13211430 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 13211430 core:Goodwill 2024-04-30 13211430 core:OfficeEquipment 2024-04-30 13211430 bus:SmallEntities 2023-05-01 2024-04-30 13211430 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 13211430 bus:FilletedAccounts 2023-05-01 2024-04-30 13211430 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13211430 bus:RegisteredOffice 2023-05-01 2024-04-30 13211430 bus:Director1 2023-05-01 2024-04-30 13211430 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13211430 core:Goodwill 2023-05-01 2024-04-30 13211430 core:ComputerEquipment 2023-05-01 2024-04-30 13211430 core:OfficeEquipment 2023-05-01 2024-04-30 13211430 countries:EnglandWales 2023-05-01 2024-04-30 13211430 2023-04-30 13211430 core:Goodwill 2023-04-30 13211430 2022-05-01 2023-04-30 13211430 2023-04-30 13211430 core:CurrentFinancialInstruments 2023-04-30 13211430 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 13211430 core:Non-currentFinancialInstruments 2023-04-30 13211430 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 13211430 core:Goodwill 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 13211430

DE Sports Therapy Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

DE Sports Therapy Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

DE Sports Therapy Limited

(Registration number: 13211430)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

11,241

21,616

Tangible assets

5

259

-

 

11,500

21,616

Current assets

 

Debtors

6

1,412

1,164

Cash at bank and in hand

 

9,346

11,034

 

10,758

12,198

Creditors: Amounts falling due within one year

7

(10,517)

(10,722)

Net current assets

 

241

1,476

Total assets less current liabilities

 

11,741

23,092

Creditors: Amounts falling due after more than one year

7

(11,700)

(22,500)

Net assets

 

41

592

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(59)

492

Shareholders' funds

 

41

592

 

DE Sports Therapy Limited

(Registration number: 13211430)
Balance Sheet as at 30 April 2024

For the financial year ending 30 April 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 his 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 10 September 2024
 

.........................................
Mr Daniel Thomas Elsigood
Director

 

DE Sports Therapy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 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:
6 Link Way
Thatcham
Berkshire
RG18 3DY
England

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.

Tax

The tax expense for the period comprises current tax payable.

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.

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

Office Equipment

25% Straight line

 

DE Sports Therapy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Purchase of goodwill

25%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 1).

 

DE Sports Therapy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2023

41,500

41,500

At 30 April 2024

41,500

41,500

Amortisation

At 1 May 2023

19,884

19,884

Amortisation charge

10,375

10,375

At 30 April 2024

30,259

30,259

Carrying amount

At 30 April 2024

11,241

11,241

At 30 April 2023

21,616

21,616

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

345

345

At 30 April 2024

345

345

Depreciation

Charge for the year

86

86

At 30 April 2024

86

86

Carrying amount

At 30 April 2024

259

259

6

Debtors

 

DE Sports Therapy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Current

2024
£

2023
£

Trade debtors

1,012

764

Other debtors

400

400

 

1,412

1,164

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

9,017

9,010

Other creditors

1,500

1,712

10,517

10,722

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

11,700

22,500

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

11,700

22,500

9

Related party transactions

Transactions with the director

The company has a loan with its director. As at 30th April 2024, the balance due to the company was £nil (2023: £212).