Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 02345074 Mrs Jeanette Hamilton Jones Mr Philip James Mrs Euryl James Mr Steven Burton Mr Leigh Stevens Mr David Denton Mrs Katherine Denton Mrs Christine Jones Mr Peter Lock Mr Philip Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02345074 2023-03-31 02345074 2024-03-31 02345074 2023-04-01 2024-03-31 02345074 frs-core:CurrentFinancialInstruments 2024-03-31 02345074 frs-core:Non-currentFinancialInstruments 2024-03-31 02345074 frs-core:FurnitureFittings 2024-03-31 02345074 frs-core:FurnitureFittings 2023-04-01 2024-03-31 02345074 frs-core:FurnitureFittings 2023-03-31 02345074 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 02345074 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 02345074 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 02345074 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02345074 frs-core:PlantMachinery 2023-04-01 2024-03-31 02345074 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02345074 frs-bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 02345074 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 02345074 frs-bus:SmallEntities 2023-04-01 2024-03-31 02345074 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02345074 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02345074 frs-bus:Director1 2023-04-01 2024-03-31 02345074 frs-bus:Director2 2023-04-01 2024-03-31 02345074 frs-bus:Director3 2023-04-01 2024-03-31 02345074 frs-bus:Director4 2023-04-01 2024-03-31 02345074 frs-bus:Director5 2023-04-01 2024-03-31 02345074 frs-bus:Director6 2023-04-01 2024-03-31 02345074 frs-bus:Director7 2023-04-01 2024-03-31 02345074 frs-bus:Director8 2023-04-01 2024-03-31 02345074 frs-bus:Director9 2023-04-01 2024-03-31 02345074 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 02345074 frs-countries:EnglandWales 2023-04-01 2024-03-31 02345074 2022-03-31 02345074 2023-03-31 02345074 2022-04-01 2023-03-31 02345074 frs-core:CurrentFinancialInstruments 2023-03-31 02345074 frs-core:Non-currentFinancialInstruments 2023-03-31 02345074 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 02345074
The South Wales Multiple Sclerosis Therapy Centre Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
First 4 Enterprise Ltd T/A Business Sense
M.I.C.B Pm.Dip
The Business Centre 1 Peniel Green Road
Llansamlet
Swansea
SA7 9AP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02345074
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 171,273 172,047
171,273 172,047
CURRENT ASSETS
Cash at bank and in hand 64,926 70,717
64,926 70,717
Creditors: Amounts Falling Due Within One Year 5 (464 ) (652 )
NET CURRENT ASSETS (LIABILITIES) 64,462 70,065
TOTAL ASSETS LESS CURRENT LIABILITIES 235,735 242,112
Creditors: Amounts Falling Due After More Than One Year 6 (11,020 ) (22,958 )
NET ASSETS 224,715 219,154
Income and Expenditure Account 224,715 219,154
MEMBERS' FUNDS 224,715 219,154
Page 1
Page 2
For the year ending 31 March 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr Philip James
Director
14/06/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The South Wales Multiple Sclerosis Therapy Centre Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 02345074 . The registered office is Swansea Oxygen Clinic , St Marys Court, Swansea, SA1 7DA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 33
Leasehold 33
Plant & Machinery 25
Fixtures & Fittings 25
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 206,718 50,624 257,342
As at 31 March 2024 206,718 50,624 257,342
Depreciation
As at 1 April 2023 37,767 47,528 85,295
Provided during the period - 774 774
As at 31 March 2024 37,767 48,302 86,069
Net Book Value
As at 31 March 2024 168,951 2,322 171,273
As at 1 April 2023 168,951 3,096 172,047
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Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) (1 )
Other taxes and social security 151 151
Accruals and deferred income 314 502
464 652
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 11,020 22,958
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 4