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REGISTERED NUMBER: 06016523 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th June 2024

for

Life Chiropractic Clinics Limited

Life Chiropractic Clinics Limited (Registered number: 06016523)






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Life Chiropractic Clinics Limited

Company Information
for the Year Ended 30th June 2024







DIRECTORS: R Refael
E L Refael
M J Reilly





REGISTERED OFFICE: 9 High Road
Rayleigh
Essex
SS6 7SA





REGISTERED NUMBER: 06016523 (England and Wales)





ACCOUNTANTS: Beam & Co Accountancy Limited
1579 London Road
Leigh on Sea
Essex
SS9 2SG

Life Chiropractic Clinics Limited (Registered number: 06016523)

Balance Sheet
30th June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 420,412 612,048
Tangible assets 5 10,712 30,273
Investments 6 535,527 535,527
966,651 1,177,848

CURRENT ASSETS
Debtors 7 399,958 249,109
Cash at bank and in hand 112,424 131,104
512,382 380,213
CREDITORS
Amounts falling due within one year 8 147,000 133,849
NET CURRENT ASSETS 365,382 246,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,332,033

1,424,212

PROVISIONS FOR LIABILITIES 10,646 38,193
NET ASSETS 1,321,387 1,386,019

CAPITAL AND RESERVES
Called up share capital 10 535,529 535,529
Retained earnings 785,858 850,490
SHAREHOLDERS' FUNDS 1,321,387 1,386,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th September 2024 and were signed on its behalf by:





R Refael - Director


Life Chiropractic Clinics Limited (Registered number: 06016523)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

Life Chiropractic Clinics 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 50% on written down value, 40% on written down value and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

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 year was 23 (2023 - 24 ) .

Life Chiropractic Clinics Limited (Registered number: 06016523)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st July 2023
and 30th June 2024 1,000,000 386,771 1,386,771
AMORTISATION
At 1st July 2023 525,000 249,723 774,723
Charge for year 100,000 91,636 191,636
At 30th June 2024 625,000 341,359 966,359
NET BOOK VALUE
At 30th June 2024 375,000 45,412 420,412
At 30th June 2023 475,000 137,048 612,048

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st July 2023
and 30th June 2024 6,220 165,912 172,132
DEPRECIATION
At 1st July 2023 6,220 135,639 141,859
Charge for year - 19,561 19,561
At 30th June 2024 6,220 155,200 161,420
NET BOOK VALUE
At 30th June 2024 - 10,712 10,712
At 30th June 2023 - 30,273 30,273

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st July 2023
and 30th June 2024 535,527
NET BOOK VALUE
At 30th June 2024 535,527
At 30th June 2023 535,527

Life Chiropractic Clinics Limited (Registered number: 06016523)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

7. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Trade debtors 7,260 7,543
Other debtors 6,667 6,667
13,927 14,210

Amounts falling due after more than one year:
Amounts owed by group undertakings 386,031 234,899

Aggregate amounts 399,958 249,109

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 38,337 36,457
Taxation and social security 85,680 75,446
Other creditors 22,983 21,946
147,000 133,849

9. SECURED DEBTS

The company's bankers have a fixed and floating charge over the company's property and assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
535,529 Ordinary £1 535,529 535,529

11. RELATED PARTY DISCLOSURES

The company has a wholly owned subsidiary Life Property Services Limited. During the year the company rented clinic space from Life Chiropractic Clinics Limited for £24,000 (2023: £24,000).

At the year end an inter company loan balance of £386,031 (2023: £234,899) was due from Life Property Services Limited. The loan is repayable on demand and no interest is charged.