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REGISTERED NUMBER: 09085639 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE TINNITUS CLINIC LIMITED

THE TINNITUS CLINIC LIMITED (REGISTERED NUMBER: 09085639)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


THE TINNITUS CLINIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S Banks
J Swinhoe





SECRETARY: J Swinhoe





REGISTERED OFFICE: Bentinck House
3-8 Bolsover Street
London
W1W 6AB





REGISTERED NUMBER: 09085639 (England and Wales)





ACCOUNTANTS: Mattocks Grindley
18 Mulberry Avenue
Turnstone Park
Widnes
Cheshire
WA8 0WN

THE TINNITUS CLINIC LIMITED (REGISTERED NUMBER: 09085639)

ABRIDGED BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 379

CURRENT ASSETS
Stocks 8,500 10,500
Debtors 51,512 70,156
Cash at bank - 17
60,012 80,673
CREDITORS
Amounts falling due within one year 88,189 122,091
NET CURRENT LIABILITIES (28,177 ) (41,418 )
TOTAL ASSETS LESS CURRENT LIABILITIES (28,177 ) (41,039 )

CREDITORS
Amounts falling due after more than one
year

345,507

345,507
NET LIABILITIES (373,684 ) (386,546 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (373,686 ) (386,548 )
SHAREHOLDERS' FUNDS (373,684 ) (386,546 )

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

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

THE TINNITUS CLINIC LIMITED (REGISTERED NUMBER: 09085639)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 October 2024 and were signed on its behalf by:




J Swinhoe - Director



S Banks - Director


THE TINNITUS CLINIC LIMITED (REGISTERED NUMBER: 09085639)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

The Tinnitus Clinic 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 represents invoiced sales of goods and services during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
With the economic climate continuing to be challenging the directors were pleased to be able to return to a slight profit, despite it being a tough year for sales. Tightly controlling costs and maintaining gross margins enabled us to trade successfully, and we are well positioned should there be an upturn. We continue to enjoy the support of our long term investor and have retained key staff, giving us confidence in our business model going forward.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

THE TINNITUS CLINIC LIMITED (REGISTERED NUMBER: 09085639)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 44,067
DEPRECIATION
At 1 April 2023 43,688
Charge for year 379
At 31 March 2024 44,067
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 379

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 26,900 26,900
Between one and five years 38,108 65,008
65,008 91,908