Registered number
05963133
EPPING PHYSIOTHERAPY CLINIC LIMITED
Filleted Accounts
31 March 2024
EPPING PHYSIOTHERAPY CLINIC LIMITED
Registered number: 05963133
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 23,250 31,000
Tangible assets 4 2 2
23,252 31,002
Current assets
Stocks 733 747
Debtors 5 24,422 20,100
Cash at bank and in hand 38,046 43,098
63,201 63,945
Creditors: amounts falling due within one year 6 (20,824) (30,493)
Net current assets 42,377 33,452
Net assets 65,629 64,454
Capital and reserves
Called up share capital 2 2
Profit and loss account 65,627 64,452
Shareholders' funds 65,629 64,454
The directors are 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 directors acknowledge their 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.
P Cairns
Director
Approved by the board on 24 October 2024
EPPING PHYSIOTHERAPY 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Fixtures and fittings 25% reducing balance
Computer equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
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 7 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 155,000
At 31 March 2024 155,000
Amortisation
At 1 April 2023 124,000
Provided during the year 7,750
At 31 March 2024 131,750
Net book value
At 31 March 2024 23,250
At 31 March 2023 31,000
Goodwill is being written off in equal annual instalments over its estimated economic life.
4 Tangible fixed assets
Fixtures and Fittings Computer equipment Total
£ £ £
Cost
At 1 April 2023 19,729 6,734 26,463
At 31 March 2024 19,729 6,734 26,463
Depreciation
At 1 April 2023 19,728 6,733 26,461
At 31 March 2024 19,728 6,733 26,461
Net book value
At 31 March 2024 1 1 2
At 31 March 2023 1 1 2
5 Debtors 2024 2023
£ £
Trade debtors 20,207 20,100
Other debtors 4,215 -
24,422 20,100
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 18,802 15,682
Other creditors 2,022 14,811
20,824 30,493
7 Other information
EPPING PHYSIOTHERAPY CLINIC LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
EPPING PHYSIOTHERAPY CLINIC LIMITED 05963133 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 P Cairns No description of principal activity 05963133 2022-04-01 2023-03-31 05963133 core:WithinOneYear 2023-03-31 05963133 core:ShareCapital 2023-03-31 05963133 core:RetainedEarningsAccumulatedLosses 2023-03-31 05963133 2023-04-01 2024-03-31 05963133 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05963133 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05963133 bus:Director40 2023-04-01 2024-03-31 05963133 1 2023-04-01 2024-03-31 05963133 2 2023-04-01 2024-03-31 05963133 core:Goodwill 2023-04-01 2024-03-31 05963133 countries:England 2023-04-01 2024-03-31 05963133 bus:FRS102 2023-04-01 2024-03-31 05963133 bus:FilletedAccounts 2023-04-01 2024-03-31 05963133 2024-03-31 05963133 core:WithinOneYear 2024-03-31 05963133 core:ShareCapital 2024-03-31 05963133 core:RetainedEarningsAccumulatedLosses 2024-03-31 05963133 core:Goodwill 2024-03-31 05963133 core:LandBuildings 2024-03-31 05963133 core:PlantMachinery 2024-03-31 05963133 2023-03-31 05963133 core:Goodwill 2023-03-31 05963133 core:LandBuildings 2023-03-31 05963133 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure