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REGISTERED NUMBER: 10368325 (England and Wales)












FOOT & ANKLE SPECIALIST LIMITED

Unaudited Financial Statements

for the Period 1 October 2022 to 31 March 2024






FOOT & ANKLE SPECIALIST LIMITED (REGISTERED NUMBER: 10368325)






Contents of the Financial Statements
for the Period 1 October 2022 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOOT & ANKLE SPECIALIST LIMITED

Company Information
for the Period 1 October 2022 to 31 March 2024







DIRECTORS: Mrs K Clark
C I M Clark





REGISTERED OFFICE: 13 Vansittart Estate
Windsor
Berkshire
SL4 1SE





REGISTERED NUMBER: 10368325 (England and Wales)





ACCOUNTANTS: Cottrill Mason Ltd
13 Vansittart Estate
Windsor
Berkshire
SL4 1SE

FOOT & ANKLE SPECIALIST LIMITED (REGISTERED NUMBER: 10368325)

Balance Sheet
31 March 2024

31.3.24 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,959 28,735

CURRENT ASSETS
Debtors 5 72,630 49,481
Cash at bank and in hand 98,832 79,254
171,462 128,735
CREDITORS
Amounts falling due within one year 6 98,234 64,166
NET CURRENT ASSETS 73,228 64,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,187

93,304

CREDITORS
Amounts falling due after more than one year 7 (12,970 ) (39,884 )

PROVISIONS FOR LIABILITIES (5,460 ) (5,460 )
NET ASSETS 71,757 47,960

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 71,655 47,858
71,757 47,960

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

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

The directors acknowledge their 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.

FOOT & ANKLE SPECIALIST LIMITED (REGISTERED NUMBER: 10368325)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





C I M Clark - Director


FOOT & ANKLE SPECIALIST LIMITED (REGISTERED NUMBER: 10368325)

Notes to the Financial Statements
for the Period 1 October 2022 to 31 March 2024

1. STATUTORY INFORMATION

Foot & Ankle Specialist Limited 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 20% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 3 ) .

FOOT & ANKLE SPECIALIST LIMITED (REGISTERED NUMBER: 10368325)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 470 57,490 12,095 70,055
Additions - - 760 760
At 31 March 2024 470 57,490 12,855 70,815
DEPRECIATION
At 1 October 2022 410 33,236 7,674 41,320
Charge for period 60 10,611 1,865 12,536
At 31 March 2024 470 43,847 9,539 53,856
NET BOOK VALUE
At 31 March 2024 - 13,643 3,316 16,959
At 30 September 2022 60 24,254 4,421 28,735

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2022
and 31 March 2024 65,379
DEPRECIATION
At 1 October 2022 31,905
Charge for period 6,063
At 31 March 2024 37,968
NET BOOK VALUE
At 31 March 2024 27,411
At 30 September 2022 33,474

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.9.22
£    £   
Trade debtors 60,918 38,901
Amounts owed by associates 391 -
Other debtors 11,321 10,580
72,630 49,481

FOOT & ANKLE SPECIALIST LIMITED (REGISTERED NUMBER: 10368325)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.9.22
£    £   
Bank loans and overdrafts 11,232 11,232
Hire purchase contracts 4,231 8,744
Trade creditors 4,707 -
Amounts owed to group undertakings - 1,754
Amounts owed to associates 1,425 -
Taxation and social security 66,644 33,955
Other creditors 9,995 8,481
98,234 64,166

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 30.9.22
£    £   
Bank loans 12,970 29,817
Hire purchase contracts - 10,067
12,970 39,884

8. RELATED PARTY DISCLOSURES

At the balance sheet date the directors loan account was in Credit by £754 [2022: £304]. The terms of the loan were that it was both interest free and repayable on demand.

At the balance sheet date the company owed 1,025 [2022: £1,754] to Windsor Foot & Ankle Clinic Ltd a company in which Mr C I M Clark holds 50% of the issued share capital.

9. ULTIMATE CONTROLLING PARTY

The controlling party is C I M Clark.