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REGISTERED NUMBER: 10042754 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WENDY THE PHYSIO LTD

WENDY THE PHYSIO LTD (REGISTERED NUMBER: 10042754)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WENDY THE PHYSIO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs W A Lobb





REGISTERED OFFICE: Tresithick Vean
St Erme
Truro
Cornwall
TR4 9AU





REGISTERED NUMBER: 10042754 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

WENDY THE PHYSIO LTD (REGISTERED NUMBER: 10042754)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 395 497
Investment property 6 160,000 160,000
160,395 160,497

CURRENT ASSETS
Debtors 7 2,623 2,584
Cash at bank and in hand 40,905 47,040
43,528 49,624
CREDITORS
Amounts falling due within one year 8 14,655 8,948
NET CURRENT ASSETS 28,873 40,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,268

201,173

CREDITORS
Amounts falling due after more than one
year

9

(84,502

)

(84,240

)

PROVISIONS FOR LIABILITIES (7,295 ) (5,582 )
NET ASSETS 97,471 111,351

CAPITAL AND RESERVES
Called up share capital 10 10
Fair value reserve 11 21,660 23,393
Retained earnings 75,801 87,948
97,471 111,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

WENDY THE PHYSIO LTD (REGISTERED NUMBER: 10042754)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2024 and were signed by:





Mrs W A Lobb - Director


WENDY THE PHYSIO LTD (REGISTERED NUMBER: 10042754)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Wendy the Physio Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Revenue is recognised to turnover upon delivery of sessions to customers.

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 etc - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

WENDY THE PHYSIO LTD (REGISTERED NUMBER: 10042754)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 3,040
DEPRECIATION
At 1 April 2023 2,543
Charge for year 102
At 31 March 2024 2,645
NET BOOK VALUE
At 31 March 2024 395
At 31 March 2023 497

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 160,000
NET BOOK VALUE
At 31 March 2024 160,000
At 31 March 2023 160,000

The investment property owned by the company was valued by the Director at 30 November 2022. In the opinion of the Director, this is still reflective of the market value at 31 March 2024.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 28,880
Cost 131,120
160,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,465 2,584
Other debtors 158 -
2,623 2,584

WENDY THE PHYSIO LTD (REGISTERED NUMBER: 10042754)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,033 4,145
Other creditors 11,622 4,803
14,655 8,948

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 84,502 84,240

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 84,502 84,240

11. RESERVES
Fair
value
reserve
£   
At 1 April 2023 23,393
Transfer on revaluation (1,733 )

At 31 March 2024 21,660

12. RELATED PARTY DISCLOSURES

The Director introduced net funds of £5,994 into the Directors current account during the year.

The Director was owed £9,210 by the company at 31 March 2024. (2023: £3,215)