Registered number
04471193
SPA Osteopathic Clinic Limited
Filleted Accounts
31 March 2024
SPA Osteopathic Clinic Limited
Registered number: 04471193
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 365 487
Current assets
Debtors 4 - 1,200
Cash at bank and in hand 6,570 3,707
6,570 4,907
Creditors: amounts falling due within one year 5 (4,397) (5,197)
Net current assets/(liabilities) 2,173 (290)
Net assets 2,538 197
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 1,538 (803)
Shareholders' funds 2,538 197
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 members have 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 and delivered 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.
Mrs Janice Moss
Director
Approved by the board on 23 August 2024
SPA Osteopathic Clinic Limited
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 (as applied to small entities by section 1A of the standard).
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Surgery improvements 10% straight line
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 10,355 4,618 14,973
At 31 March 2024 10,355 4,618 14,973
Depreciation
At 1 April 2023 10,355 4,131 14,486
Charge for the year - 122 122
At 31 March 2024 10,355 4,253 14,608
Net book value
At 31 March 2024 - 365 365
At 31 March 2023 - 487 487
4 Debtors 2024 2023
£ £
Other debtors - 1,200
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 2,454 2,998
Other taxes and social security 400 433
Director's account 42 266
Other creditors 1,501 1,500
4,397 5,197
6 Dividends 2024 2023
£ £
Dividends for which the company became liable during the year:
Dividends paid 12,500 16,000
7 Other information
SPA Osteopathic Clinic Limited is a private company limited by shares and incorporated in England. Its registered office is:
Laxmi House
2-B Draycott Avenue
Kenton Harrow
Middlesex
HA3 0BU
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