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Registration number: 07264065

Ash Physiotherapy & Sports Injury Clinic Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

(filleted for filing purposes)

 

Ash Physiotherapy & Sports Injury Clinic Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Ash Physiotherapy & Sports Injury Clinic Ltd

Company Information

Directors

Ms Louise Cousins

Mr Nigel Thomas Cousins

Company secretary

Mr Nigel Thomas Cousins

Registered office

3 Chequer Lane
Ash
Canterbury
Kent
CT3 2ET

 

Ash Physiotherapy & Sports Injury Clinic Ltd

(Registration number: 07264065)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

9,788

19,592

Tangible assets

5

2,126

2,431

 

11,914

22,023

Current assets

 

Debtors

6

13,144

21,645

Cash at bank and in hand

 

115,770

98,451

 

128,914

120,096

Creditors: Amounts falling due within one year

7

(48,927)

(28,432)

Net current assets

 

79,987

91,664

Total assets less current liabilities

 

91,901

113,687

Provisions for liabilities

(515)

(608)

Net assets

 

91,386

113,079

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

91,385

113,078

Shareholders' funds

 

91,386

113,079

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 October 2024 and signed on its behalf by:
 

 

Ash Physiotherapy & Sports Injury Clinic Ltd

(Registration number: 07264065)
Balance Sheet as at 31 May 2024

.........................................
Ms Louise Cousins
Director

 

Ash Physiotherapy & Sports Injury Clinic Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 Chequer Lane
Ash
Canterbury
Kent
CT3 2ET
England

These financial statements were authorised for issue by the Board on 11 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Ash Physiotherapy & Sports Injury Clinic Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

3 years straight line

Plant and machinery

5 years straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

 

Ash Physiotherapy & Sports Injury Clinic Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

Narrative Column

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 June 2023

98,000

98,000

At 31 May 2024

98,000

98,000

Amortisation

At 1 June 2023

78,408

78,408

Amortisation charge

9,804

9,804

At 31 May 2024

88,212

88,212

Carrying amount

At 31 May 2024

9,788

9,788

At 31 May 2023

19,592

19,592

 

Ash Physiotherapy & Sports Injury Clinic Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

5,347

5,347

Additions

930

930

At 31 May 2024

6,277

6,277

Depreciation

At 1 June 2023

2,916

2,916

Charge for the year

1,235

1,235

At 31 May 2024

4,151

4,151

Carrying amount

At 31 May 2024

2,126

2,126

At 31 May 2023

2,431

2,431

 

Ash Physiotherapy & Sports Injury Clinic Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

11,222

20,926

Prepayments

1,922

719

 

13,144

21,645

7

Creditors

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

6,393

8,232

Other related parties

32,941

11,988

Taxation and social security

 

461

232

Other creditors

 

9,132

7,980

 

48,927

28,432

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1