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Rugby Osteopathic Centre Limited
Financial Statements
For The Year Ended 31 December 2023
Financial Statements
Contents
Page
Accountants' Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Rugby Osteopathic Centre Limited For The Year Ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rugby Osteopathic Centre Limited For The Year Ended 31 December 2023 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Rugby Osteopathic Centre Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Rugby Osteopathic Centre Limited and state those matters that we have agreed to state to the directors of Rugby Osteopathic Centre Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rugby Osteopathic Centre Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Rugby Osteopathic Centre Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Rugby Osteopathic Centre Limited . You consider that Rugby Osteopathic Centre Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Rugby Osteopathic Centre Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
20 August 2024
Cooper Adams Ltd
Chartered Accountants
12 Payton Street
Stratford upon Avon
Warwickshire
CV37 6UA
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Statement of Financial Position
Registered number: 05624195
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 3 8,000 12,000
Tangible assets 4 4,653 3,260
12,653 15,260
CURRENT ASSETS
Stocks 573 531
Debtors 9,249 53,650
Cash at bank and in hand 74,226 35,255
84,048 89,436
Creditors: Amounts Falling Due Within One Year (28,390 ) (26,056 )
NET CURRENT ASSETS (LIABILITIES) 55,658 63,380
TOTAL ASSETS LESS CURRENT LIABILITIES 68,311 78,640
NET ASSETS 68,311 78,640
CAPITAL AND RESERVES
Called up share capital 5 2 2
Income Statement 68,309 78,638
SHAREHOLDERS' FUNDS 68,311 78,640
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 William Lawton
Director
20 August 2024
The notes on pages 4 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.
1.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 20 years.
1.4. 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
Motor vehicles 20% reducing balance
Fixtures & fittings 25% reducing balance
Computer equipment 33% reducing balance
1.5. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the income statement because of items of income or expense that are taxable or deductible in other years 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 7 (2022: 7)
7 7
3. Intangible assets
Goodwill
£
Cost
As at 1 January 2023 80,000
As at 31 December 2023 80,000
Amortisation
As at 1 January 2023 68,000
Provided during the period 4,000
As at 31 December 2023 72,000
...CONTINUED
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Net Book Value
As at 31 December 2023 8,000
As at 1 January 2023 12,000
4. Tangible assets
Plant & machinery Fixtures & fittings Computer equipment Total
£ £ £ £
Cost
As at 1 January 2023 2,768 2,184 - 4,952
Additions 1,560 631 329 2,520
As at 31 December 2023 4,328 2,815 329 7,472
Depreciation
As at 1 January 2023 885 807 - 1,692
Provided during the period 516 502 109 1,127
As at 31 December 2023 1,401 1,309 109 2,819
Net Book Value
As at 31 December 2023 2,927 1,506 220 4,653
As at 1 January 2023 1,883 1,377 - 3,260
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
6. General Information
Rugby Osteopathic Centre Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05624195 . The registered office is 12 Payton Street, Stratford upon Avon, Warwickshire, CV37 6UA.
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