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REGISTERED NUMBER: 07332382 (England and Wales)















ABACUS PHYSIOTHERAPY LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024






ABACUS PHYSIOTHERAPY LTD (REGISTERED NUMBER: 07332382)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


ABACUS PHYSIOTHERAPY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: N J Collins
C A Redding





REGISTERED OFFICE: c/o Louth Physiofirst Centre
Belvoir Way
Fairfield Industrial Estate
Louth
Lincolnshire
LN11 0LQ





REGISTERED NUMBER: 07332382 (England and Wales)

ABACUS PHYSIOTHERAPY LTD (REGISTERED NUMBER: 07332382)

BALANCE SHEET
31ST AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 86,499 86,716
Investments 6 - 1,000
86,499 87,716

CURRENT ASSETS
Stocks 367 440
Debtors 7 4,596 5,539
Cash at bank 49,641 58,237
54,604 64,216
CREDITORS
Amounts falling due within one year 8 47,210 58,619
NET CURRENT ASSETS 7,394 5,597
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,893

93,313

CREDITORS
Amounts falling due after more than one year 9 (6,521 ) (12,460 )

PROVISIONS FOR LIABILITIES (5 ) (46 )
NET ASSETS 87,367 80,807

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 86,367 79,807
SHAREHOLDERS' FUNDS 87,367 80,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ABACUS PHYSIOTHERAPY LTD (REGISTERED NUMBER: 07332382)

BALANCE SHEET - continued
31ST AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th October 2024 and were signed on its behalf by:





C A Redding - Director


ABACUS PHYSIOTHERAPY LTD (REGISTERED NUMBER: 07332382)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024

1. STATUTORY INFORMATION

Abacus Physiotherapy Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of two years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

ABACUS PHYSIOTHERAPY LTD (REGISTERED NUMBER: 07332382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2023
and 31st August 2024 28,529
AMORTISATION
At 1st September 2023
and 31st August 2024 28,529
NET BOOK VALUE
At 31st August 2024 -
At 31st August 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st September 2023
and 31st August 2024 86,472 29,190 1,616 1,087 118,365
DEPRECIATION
At 1st September 2023 - 29,016 1,580 1,053 31,649
Charge for year - 150 33 34 217
At 31st August 2024 - 29,166 1,613 1,087 31,866
NET BOOK VALUE
At 31st August 2024 86,472 24 3 - 86,499
At 31st August 2023 86,472 174 36 34 86,716

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st September 2023 1,000
Disposals (1,000 )
At 31st August 2024 -
NET BOOK VALUE
At 31st August 2024 -
At 31st August 2023 1,000

ABACUS PHYSIOTHERAPY LTD (REGISTERED NUMBER: 07332382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 4,369 5,333
Other debtors 227 206
4,596 5,539

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 6,343 6,343
Taxation and social security 5,775 6,934
Other creditors 35,092 45,342
47,210 58,619

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 6,521 12,460