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Company Registration No. 13058187 (England and Wales)
The Vale Clinic Your Foot Health Matters Limited Unaudited accounts for the year ended 31 December 2023
The Vale Clinic Your Foot Health Matters Limited Unaudited accounts Contents
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The Vale Clinic Your Foot Health Matters Limited Company Information for the year ended 31 December 2023
Director
Aderonke Tinker
Company Number
13058187 (England and Wales)
Registered Office
Barnfield C/O Hive Accounting Penshurst Road Speldhurst Kent TN3 0PH England
Accountants
Hive Accounting Barnfield Penshurst Road Speldhurst Kent TN3 0PH
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The Vale Clinic Your Foot Health Matters Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
260,808 
64,778 
Current assets
Inventories
7,900 
1,000 
Debtors
41,476 
12,135 
Cash at bank and in hand
3,515 
40,513 
52,891 
53,648 
Creditors: amounts falling due within one year
(107,024)
(54,188)
Net current liabilities
(54,133)
(540)
Total assets less current liabilities
206,675 
64,238 
Creditors: amounts falling due after more than one year
(172,522)
(26,833)
Provisions for liabilities
Deferred tax
(33,320)
(12,308)
Net assets
833 
25,097 
Capital and reserves
Called up share capital
198 
198 
Profit and loss account
635 
24,899 
Shareholders' funds
833 
25,097 
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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 September 2024 and were signed on its behalf by
Aderonke Tinker Director Company Registration No. 13058187
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The Vale Clinic Your Foot Health Matters Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
The Vale Clinic Your Foot Health Matters Limited is a private company, limited by shares, registered in England and Wales, registration number 13058187. The registered office is Barnfield C/O Hive Accounting, Penshurst Road, Speldhurst, Kent, TN3 0PH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance or 25% straight line
Computer equipment
25% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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The Vale Clinic Your Foot Health Matters Limited Notes to the Accounts for the year ended 31 December 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
23,504 
75,502 
1,220 
100,226 
Additions
16,526 
216,938 
- 
233,464 
At 31 December 2023
40,030 
292,440 
1,220 
333,690 
Depreciation
At 1 January 2023
2,371 
33,008 
69 
35,448 
Charge for the year
7,328 
29,818 
288 
37,434 
At 31 December 2023
9,699 
62,826 
357 
72,882 
Net book value
At 31 December 2023
30,331 
229,614 
863 
260,808 
At 31 December 2022
21,133 
42,494 
1,151 
64,778 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Fixtures & fittings
85,438 
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,316 
2,301 
Accrued income and prepayments
8,811 
5,260 
Other debtors
31,349 
4,574 
41,476 
12,135 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
23,669 
- 
Trade creditors
27,017 
12,552 
Taxes and social security
2,660 
24,302 
Other creditors
53,678 
17,281 
Loans from directors
- 
53 
107,024 
54,188 
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The Vale Clinic Your Foot Health Matters Limited Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
58,498 
- 
Other creditors
114,024 
26,833 
172,522 
26,833 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan - 2023
- 
9,569 
- 
9,569 
- 
9,569 
- 
9,569 
During the year, the company made an interest-free loan of £9,569 (2022: £nil) to the director, Mrs A Tinker. The amount outstanding at the balance sheet date was £9,569 (2022: £nil). The loan is included in other debtors and was repaid within 9 months of the year end.
9
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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