Company registration number 09066267 (England and Wales)
SP Davies Physiotherapy Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 June 2024
PAGES FOR FILING WITH REGISTRAR
SP Davies Physiotherapy Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
SP Davies Physiotherapy Limited
Statement Of Financial Position
as at 30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,172
1,710
Current assets
Debtors
1,584
3,254
Cash at bank and in hand
5,046
4,652
6,630
7,906
Creditors: amounts falling due within one year
(7,222)
(7,208)
Net current (liabilities)/assets
(592)
698
Total assets less current liabilities
580
2,408
Provisions for liabilities
4
(60)
(126)
Net assets
520
2,282
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
518
2,280
Total equity
520
2,282
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
SP Davies Physiotherapy Limited
Statement Of Financial Position (continued)
as at 30 June 2024
- 2 -
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 16 October 2024 and are signed on its behalf by:
S Davies
Director
Company Registration No. 09066267
SP Davies Physiotherapy Limited
Notes to the financial statements
for the year ended 30 June 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration received for services provided in the normal course of business. Turnover is recognised on supply of services.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Land & Buildings Leasehold
10% Straight Line
Plant and machinery
15% Reducing Balance
Computer equipment
33% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
SP Davies Physiotherapy Limited
Notes to the financial statements (continued)
for the year ended 30 June 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
3
Tangible fixed assets
Land & Buildings Leasehold
Plant and machinery
Computer equipment
Total
£
£
£
£
Cost
At 1 July 2023 and 30 June 2024
5,124
785
1,507
7,416
Depreciation and impairment
At 1 July 2023
3,584
615
1,507
5,706
Depreciation charged in the year
513
25
538
At 30 June 2024
4,097
640
1,507
6,244
Carrying amount
At 30 June 2024
1,027
145
1,172
At 30 June 2023
1,540
170
1,710
4
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
60
126
5
Company information
SP Davies Physiotherapy Limited is a private company limited by shares incorporated in England and Wales. The registered office is 8 Terry Road, Low Moor, Bradford, West Yorkshire, BD12 0LL.