Registered number
05021940
Mayfair Physiotherapy Ltd.
Filleted Accounts
31 January 2024
Mayfair Physiotherapy Ltd.
Registered number: 05021940
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,204 9,606
Investments 4 1 1
7,205 9,607
Current assets
Debtors 5 217,645 186,774
Cash at bank and in hand 76,003 88,249
293,648 275,023
Creditors: amounts falling due within one year 6 (108,454) (60,847)
Net current assets 185,194 214,176
Total assets less current liabilities 192,399 223,783
Creditors: amounts falling due after more than one year 7 (143,996) (174,656)
Net assets 48,403 49,127
Capital and reserves
Called up share capital 2 2
Profit and loss account 48,401 49,125
Shareholders' funds 48,403 49,127
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.
Simon Gilchrist
Director
Approved by the board on 29 July 2024
Mayfair Physiotherapy Ltd.
Notes to the Accounts
for the year ended 31 January 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 7
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 12,007
At 31 January 2024 12,007
Depreciation
At 1 February 2023 2,401
Charge for the year 2,402
At 31 January 2024 4,803
Net book value
At 31 January 2024 7,204
At 31 January 2023 9,606
4 Investments
Other
investments
£
Cost
At 1 February 2023 1
At 31 January 2024 1
5 Debtors 2024 2023
£ £
Trade debtors 20,846 35,429
Other debtors 196,799 151,345
217,645 186,774
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,854 3,644
Corporation tax 81,092 39,044
Other taxes and social security costs 1,927 4,423
Other creditors 21,581 13,736
108,454 60,847
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 76,000 100,000
Obligations under finance lease and hire purchase contracts 976 7,636
Other creditors 67,020 67,020
143,996 174,656
The bank loan is secured by a debenture over the fixed and floating assets of the company.
8 Related party transactions
Other debtors at the year end include £144,608 (2023: £99,083) due from SK Health Limited a joint venture company.

Other debtors at the year end include £43,700 (2023: £38,700) due from Biome Medical Ltd a company in which the directors Simon Gilchrist and Dr Acharya have an interest.

Other debtors at the year end include £8,491 (2023: £8,491) due from Mayfair Pilates Ltd a company in which the directors Simon Gilchrist and Dr Acharya have an interest.

Other debtors at the year end include £nil (2023: £5,071) due from director Simon Gilchrist. It is the intention of director to repay this amount within nine months of the year end.

Other debtors at the year end include £nil (2023: £Nil) due from director Dr Acharya Jagrati. It is the intention of director to repay this amount within nine months of the year end.
9 Controlling party
The company is controlled equally by Mr Simon Gilchrist and Dr Jagrati Acharya, and there is no ultimate controlling party.
10 Other information
Mayfair Physiotherapy Ltd. is a private company limited by shares and incorporated in England. Its registered office is:
317 Horn Lane
Acton
London W3 0BU
Mayfair Physiotherapy Ltd. 05021940 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts July 2024 Simon Gilchrist No description of principal activity 05021940 2022-02-01 2023-01-31 05021940 core:WithinOneYear 2023-01-31 05021940 core:AfterOneYear 2023-01-31 05021940 core:ShareCapital 2023-01-31 05021940 core:RetainedEarningsAccumulatedLosses 2023-01-31 05021940 2023-02-01 2024-01-31 05021940 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05021940 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 05021940 bus:Director40 2023-02-01 2024-01-31 05021940 1 2023-02-01 2024-01-31 05021940 2 2023-02-01 2024-01-31 05021940 core:PlantMachinery 2023-02-01 2024-01-31 05021940 countries:England 2023-02-01 2024-01-31 05021940 bus:FRS102 2023-02-01 2024-01-31 05021940 bus:FilletedAccounts 2023-02-01 2024-01-31 05021940 2024-01-31 05021940 core:WithinOneYear 2024-01-31 05021940 core:AfterOneYear 2024-01-31 05021940 core:ShareCapital 2024-01-31 05021940 core:RetainedEarningsAccumulatedLosses 2024-01-31 05021940 core:PlantMachinery 2024-01-31 05021940 2023-01-31 05021940 core:PlantMachinery 2023-01-31 iso4217:GBP xbrli:pure