Company Registration No. SC598367 (Scotland)
Strathaven Foot Clinic Limited
Unaudited accounts
for the year ended 31 May 2024
Strathaven Foot Clinic Limited
Statement of financial position
as at 31 May 2024
Intangible assets
8,000
10,000
Tangible assets
24,728
25,350
Cash at bank and in hand
7,326
7,143
Creditors: amounts falling due within one year
(8,962)
(17,064)
Net current liabilities
(1,636)
(9,921)
Total assets less current liabilities
31,092
25,429
Creditors: amounts falling due after more than one year
(17,956)
(5,542)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
12,519
19,246
Shareholders' funds
12,619
19,346
For the year ending 31 May 2024 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 7 October 2024 and were signed on its behalf by
Natalie Hughes
Director
Company Registration No. SC598367
Strathaven Foot Clinic Limited
Notes to the Accounts
for the year ended 31 May 2024
Strathaven Foot Clinic Limited is a private company, limited by shares, registered in Scotland, registration number SC598367. The registered office is 31 Bridge Street, Strathaven, ML10 6AN, Scotland.
2
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.
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.
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 life.
Land & buildings
2% on cost
Fixtures & fittings
25% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Strathaven Foot Clinic Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2023
25,000
9,226
34,226
At 31 May 2024
25,000
10,012
35,012
At 1 June 2023
2,500
6,376
8,876
Charge for the year
500
908
1,408
At 31 May 2024
3,000
7,284
10,284
At 31 May 2024
22,000
2,728
24,728
At 31 May 2023
22,500
2,850
25,350
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,286
4,286
Taxes and social security
4,426
1,719
Loans from directors
250
9,979
7
Creditors: amounts falling due after more than one year
2024
2023
Strathaven Foot Clinic Limited
Notes to the Accounts
for the year ended 31 May 2024
8
Transactions with related parties
During the year management fees totalling £20,000 (2023 - £nil) were paid to Hamilton Foot Clinic Limited, a company with common control. At the year end £16,700 (2023 - £nil) was owed to Hamilton Foot Clinic Limited.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).