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REGISTERED NUMBER: 08907398 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2024

for

Sandbach Podiatry Ltd

Sandbach Podiatry Ltd (Registered number: 08907398)






Contents of the Financial Statements
for the year ended 28 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Sandbach Podiatry Ltd

Company Information
for the year ended 28 February 2024







DIRECTOR: Mrs J McGroggan





REGISTERED OFFICE: 12 Welles Street
Sandbach
Cheshire
CW11 1GT





REGISTERED NUMBER: 08907398 (England and Wales)

Sandbach Podiatry Ltd (Registered number: 08907398)

Statement of Financial Position
28 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 30,964 22,225

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 9,150 12,430
Cash at bank 19,877 7,130
30,027 20,560
CREDITORS
Amounts falling due within one year 7 21,684 23,474
NET CURRENT ASSETS/(LIABILITIES) 8,343 (2,914 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,307

19,311

CREDITORS
Amounts falling due after more than one year 8 (21,746 ) (17,925 )

PROVISIONS FOR LIABILITIES 12 (1,660 ) -
NET ASSETS 15,901 1,386

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,801 1,286
SHAREHOLDERS' FUNDS 15,901 1,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Sandbach Podiatry Ltd (Registered number: 08907398)

Statement of Financial Position - continued
28 February 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 November 2024 and were signed by:





Mrs J McGroggan - Director


Sandbach Podiatry Ltd (Registered number: 08907398)

Notes to the Financial Statements
for the year ended 28 February 2024

1. STATUTORY INFORMATION

Sandbach Podiatry Limited ('The Company') is primarily engaged in human health activities.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and registered office is 12 Welles Street, Sandbach, Cheshire, CW11 1GT. The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

Theses financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the companies Act 2006.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director.

On this basis the director considers it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, exclusive of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates so as to write off their cost less residual amounts over their estimated useful economic lives. Assets are also reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the assets carrying amount exceeds its recoverable amount.

Fixtures and fittings- 25% on reducing balance
Computer equipment- 33% on cost

The residual values and useful lives of assets are reviewed and adjusted if appropriate at each statement of financial position date.

Sandbach Podiatry Ltd (Registered number: 08907398)

Notes to the Financial Statements - continued
for the year ended 28 February 2024

3. ACCOUNTING POLICIES - continued

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

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the discounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset maybe impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

Sandbach Podiatry Ltd (Registered number: 08907398)

Notes to the Financial Statements - continued
for the year ended 28 February 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 11 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023 40,158 6,538 46,696
Additions 18,093 2,262 20,355
At 28 February 2024 58,251 8,800 67,051
DEPRECIATION
At 1 March 2023 19,511 4,960 24,471
Charge for year 9,682 1,934 11,616
At 28 February 2024 29,193 6,894 36,087
NET BOOK VALUE
At 28 February 2024 29,058 1,906 30,964
At 28 February 2023 20,647 1,578 22,225

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,603 5,500
Other debtors 3,547 6,930
9,150 12,430

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 2,111 2,444
Hire purchase contracts (see note 10) 3,580 -
Trade creditors 4,789 2,209
Taxation and social security 8,106 944
Other creditors 3,098 17,877
21,684 23,474

Sandbach Podiatry Ltd (Registered number: 08907398)

Notes to the Financial Statements - continued
for the year ended 28 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 15,481 17,925
Hire purchase contracts (see note 10) 6,265 -
21,746 17,925

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,037 8,148

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 2,111 2,444

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,111 2,444

Amounts falling due between two and five years:
Bank loans - 2-5 years 6,333 7,333

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,037 8,148

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 3,580 -
Between one and five years 6,265 -
9,845 -

Sandbach Podiatry Ltd (Registered number: 08907398)

Notes to the Financial Statements - continued
for the year ended 28 February 2024

10. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 14,000 14,000
Between one and five years 56,000 56,000
In more than five years 37,333 51,333
107,333 121,333

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 17,592 20,369
Hire purchase contracts 9,845 -
27,437 20,369

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,660 -

Deferred
tax
£   
Provided during year 1,660
Balance at 28 February 2024 1,660