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
The Vale Clinic Your Foot Health Matters Limited
Company Information
for the year ended 31 December 2023
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
The Vale Clinic Your Foot Health Matters Limited
Statement of financial position
as at 31 December 2023
Tangible assets
260,808
64,778
Cash at bank and in hand
3,515
40,513
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)
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
The Vale Clinic Your Foot Health Matters Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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 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.
The Vale Clinic Your Foot Health Matters Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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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
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
At 31 December 2023
30,331
229,614
863
260,808
At 31 December 2022
21,133
42,494
1,151
64,778
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Fixtures & fittings
85,438
-
Amounts falling due within one year
Accrued income and prepayments
8,811
5,260
Other debtors
31,349
4,574
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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
The Vale Clinic Your Foot Health Matters Limited
Notes to the Accounts
for the year ended 31 December 2023
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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
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan - 2023
-
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.
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Average number of employees
During the year the average number of employees was 7 (2022: 7).