Nehal Physio Ltd
Registered number: 07198234
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 41,728 65,051
Cash at bank and in hand 15,051 95
56,779 65,146
Creditors: amounts falling due within one year 4 (27,065) (41,892)
Net current assets 29,714 23,254
Total assets less current liabilities 29,714 23,254
Creditors: amounts falling due after more than one year 5 (14,367) (19,745)
Net assets 15,347 3,509
Capital and reserves
Called up share capital 1 1
Profit and loss account 15,346 3,508
Shareholder's funds 15,347 3,509
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nehal Patel
Director
Approved by the board on 25 September 2024
Nehal Physio Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Section 455 Tax Debtor 15,956 15,956
Other debtors 25,772 49,095
41,728 65,051
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,878 18,658
Accrued charges 1,400 1,400
Other taxes and social security costs 20,787 5,878
Section 455 Tax Creditor - 15,956
27,065 41,892
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,367 16,494
Obligations under finance lease and hire purchase contracts - 3,251
14,367 19,745
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Nehal Patel
Director's loan 49,095 (23,323) 25,772
49,095 - (23,323) 25,772
7 Controlling party
The director, Nehal Patel, held a 100% beneficial interest in the share capital of the company.
8 Other information
Nehal Physio Ltd is a private company limited by shares and incorporated in England. Its registered office is:
21 Hollies Court
Basingstoke
RG24 9RJ
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