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Company Registration No. 06149308 (England and Wales)
Fay Pedler Clinic Limited Unaudited accounts for the year ended 31 March 2024
Fay Pedler Clinic Limited Unaudited accounts Contents
Page
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Fay Pedler Clinic Limited Company Information for the year ended 31 March 2024
Directors
Mr A S Jack Mr R D Mckee Mr D M B Townsend
Company Number
06149308 (England and Wales)
Registered Office
5 Whiteford Road Mannamead Plymouth Devon PL3 5LU
Accountants
PBS Accounting Limited 11 Long Meadow Close Plympton Plymouth Devon PL7 4JG
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Fay Pedler Clinic Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,120 
8,362 
Current assets
Inventories
500 
500 
Debtors
33,155 
40,204 
Cash at bank and in hand
10,358 
16,060 
44,013 
56,764 
Creditors: amounts falling due within one year
(21,480)
(25,238)
Net current assets
22,533 
31,526 
Total assets less current liabilities
29,653 
39,888 
Provisions for liabilities
Deferred tax
(1,353)
(1,589)
Net assets
28,300 
38,299 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
28,200 
38,199 
Shareholders' funds
28,300 
38,299 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by
Mr A S Jack Director Company Registration No. 06149308
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Fay Pedler Clinic Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Fay Pedler Clinic Limited is a private company, limited by shares, registered in England and Wales, registration number 06149308. The registered office is 5 Whiteford Road, Mannamead, Plymouth, Devon, PL3 5LU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is provided on all intangible assets at rates to write off the cost or valuation over its expected useful life as follows: Goodwill - 5 years straight line
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
33% reducing balance
Computer equipment
33% reducing balance
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Fay Pedler Clinic Limited Notes to the Accounts for the year ended 31 March 2024
Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
343,258 
At 31 March 2024
343,258 
Amortisation
At 1 April 2023
343,258 
At 31 March 2024
343,258 
Net book value
At 31 March 2024
- 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
24,067 
2,736 
4,678 
31,481 
Additions
- 
- 
540 
540 
At 31 March 2024
24,067 
2,736 
5,218 
32,021 
Depreciation
At 1 April 2023
18,619 
2,333 
2,167 
23,119 
Charge for the year
1,089 
133 
560 
1,782 
At 31 March 2024
19,708 
2,466 
2,727 
24,901 
Net book value
At 31 March 2024
4,359 
270 
2,491 
7,120 
At 31 March 2023
5,448 
403 
2,511 
8,362 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
19,627 
27,976 
Amounts due from group undertakings etc.
7,886 
7,886 
Accrued income and prepayments
2,426 
1,565 
Other debtors
3,216 
2,777 
33,155 
40,204 
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Fay Pedler Clinic Limited Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,186 
2,418 
Taxes and social security
(1,414)
2,980 
Proposed dividends
2,942 
5,882 
Other creditors
598 
671 
Loans from directors
16,788 
11,907 
Accruals
1,380 
1,380 
21,480 
25,238 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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