Company registration number 07206035 (England and Wales)
SHOULDERDOCTOR LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
SHOULDERDOCTOR LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SHOULDERDOCTOR LTD (REGISTERED NUMBER: 07206035)
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
24,030
38,943
Current assets
Debtors
4
803,711
785,571
Cash at bank and in hand
186,419
267,603
990,130
1,053,174
Creditors: amounts falling due within one year
5
(126,747)
(95,035)
Net current assets
863,383
958,139
Total assets less current liabilities
887,413
997,082
Provisions for liabilities
(4,563)
(8,199)
Net assets
882,850
988,883
Capital and reserves
Called up share capital
101
100
Profit and loss reserves
882,749
988,783
Total equity
882,850
988,883
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 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 members have 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 25 October 2024 and are signed on its behalf by:
Mrs A Kochhar
Director
SHOULDERDOCTOR LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Shoulderdoctor Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.
1.1
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 £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business and a profit share receivable.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings Freehold
33% on straight line
Plant and machinery
25% on straight line
Fixtures, fittings & equipment
25% on straight line
Computer equipment
25% on straight line
Motor vehicles
25% on 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.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
SHOULDERDOCTOR LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
4
4
3
Tangible fixed assets
Land and buildings Freehold
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2023
37,500
7,067
2,500
5,783
60,095
112,945
Additions
2,340
2,340
Disposals
(2,635)
(2,635)
At 31 March 2024
37,500
7,067
2,500
5,488
60,095
112,650
Depreciation and impairment
At 1 April 2023
37,500
6,773
156
3,281
26,292
74,002
Depreciation charged in the year
294
625
1,120
15,024
17,063
Eliminated in respect of disposals
(2,445)
(2,445)
At 31 March 2024
37,500
7,067
781
1,956
41,316
88,620
Carrying amount
At 31 March 2024
1,719
3,532
18,779
24,030
At 31 March 2023
294
2,344
2,502
33,803
38,943
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
24,750
30,225
Other debtors
778,961
755,346
803,711
785,571
SHOULDERDOCTOR LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
114,467
91,163
Other creditors
12,280
3,872
126,747
95,035