POOLE BAY PODIATRY LTD

Company Registration Number:
11727288 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

POOLE BAY PODIATRY LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

POOLE BAY PODIATRY LTD

Company Information

for the Period Ended 31 December 2023




Director: Mr M R Woolley
Mrs L A Woolley
Registered office: 188
Howeth Road
Bournemouth
Dorset
GBR
BH10 5NX
Company Registration Number: 11727288 (England and Wales)

POOLE BAY PODIATRY LTD

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 0 0
Tangible assets: 5 11,440 15,253
Total fixed assets: 11,440 15,253
Current assets
Stocks: 2,853 3,020
Debtors: 6 1,061 1,263
Cash at bank and in hand: 116,338 96,399
Total current assets: 120,252 100,682
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 29,530 ) ( 25,690 )
Net current assets (liabilities): 90,722 74,992
Total assets less current liabilities: 102,162 90,245
Provision for liabilities: ( 2,320 ) ( 3,687 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 99,842 86,558

The notes form part of these financial statements

POOLE BAY PODIATRY LTD

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 99,742 86,458
Shareholders funds: 99,842 86,558

For the year ending 31 December 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 23 September 2024
And Signed On Behalf Of The Board By:

Name: Mr M R Woolley
Status: Director

The notes form part of these financial statements

POOLE BAY PODIATRY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

    The company recognises revenue when:
    The amount of revenue can be reliably measured;
    it is probable that future economic benefits will flow to the entity;
    and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent impairment losses.
    The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.


    Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

    Asset class Depreciation method/rate
    Plant , machinery and other tangible assets 25% reducing balance

    Intangible fixed assets amortisation policy

    Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

    Asset class Amortisation method/rate
    Goodwill 3 years

    Valuation information and policy

    Stocks

    Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location
    and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

POOLE BAY PODIATRY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

    [Basis of preparation]
    These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
    [Tax]
    The tax expense for the period comprises current and deferred tax. Tax is recognised on profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also
    recognised directly in other comprehensive income.
    The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements at the balance sheet date. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
    [Financial instruments-classification]
    The company holds the following basic financial instruments: Short term trade and other debtors and creditors; Cash/bank balances.
    [Financial Instruments -recognition and measurement]
    The company has chosen to apply the recognition and measurement principles in FRS 102.
    Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and de-recognised when in the case of assets, the contractual rights to cash flows from assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.
    Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of cash or other consideration expected to be paid or received, after taking
    account of impairment adjustments.




POOLE BAY PODIATRY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

POOLE BAY PODIATRY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Intangible assets

Goodwill Total
Cost £ £
At 01 January 2023 20,000 20,000
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 December 2023 20,000 20,000
Amortisation
Amortisation at 01 January 2023 20,000 20,000
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 December 2023 20,000 20,000
Net book value
Net book value at 31 December 2023 0 0
Net book value at 31 December 2022 0 0

POOLE BAY PODIATRY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Tangible assets

Plant & machinery Total
Cost £ £
At 01 January 2023 36,813 36,813
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 December 2023 36,813 36,813
Depreciation
At 01 January 2023 21,560 21,560
Charge for year 3,813 3,813
On disposals - -
Other adjustments - -
At 31 December 2023 25,373 25,373
Net book value
At 31 December 2023 11,440 11,440
At 31 December 2022 15,253 15,253

POOLE BAY PODIATRY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Debtors


2023
£

2022
£
Trade debtors 574 891
Prepayments and accrued income 487 372
Total 1,061 1,263

POOLE BAY PODIATRY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 56 0
Taxation and social security 14,067 13,197
Accruals and deferred income 0 204
Other creditors 15,407 12,289
Total 29,530 25,690