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REGISTERED NUMBER: 05661372 (England and Wales)















Kesgrave Chiropractic Clinic Ltd

Unaudited Financial Statements

for the year ended

31 March 2024






Kesgrave Chiropractic Clinic Ltd (Registered number: 05661372)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Chartered Accountants' Report 6

Kesgrave Chiropractic Clinic Ltd

Company Information
for the year ended 31 March 2024







DIRECTORS: R G Martin
Mrs A R Hyde





SECRETARY: Mrs A R Hyde





REGISTERED OFFICE: 8 Hopper Way
Diss Business Park
Diss
Norfolk
IP22 4GT





REGISTERED NUMBER: 05661372 (England and Wales)





ACCOUNTANTS: Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT

Kesgrave Chiropractic Clinic Ltd (Registered number: 05661372)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 10,000 15,000
Tangible assets 5 96,193 113,735
106,193 128,735

CURRENT ASSETS
Stocks 4,300 4,000
Debtors 6 4,444 2,026
Cash at bank 1,588 -
10,332 6,026
CREDITORS
Amounts falling due within one year 7 (99,025 ) (84,198 )
NET CURRENT LIABILITIES (88,693 ) (78,172 )
TOTAL ASSETS LESS CURRENT LIABILITIES 17,500 50,563

CREDITORS
Amounts falling due after more than one year 8 - (22,500 )

PROVISIONS FOR LIABILITIES (15,563 ) (16,059 )
NET ASSETS 1,937 12,004

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,837 11,904
SHAREHOLDERS' FUNDS 1,937 12,004

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





R G Martin - Director


Kesgrave Chiropractic Clinic Ltd (Registered number: 05661372)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Kesgrave Chiropractic Clinic 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its remaining estimated useful life of ten 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.
Improvements to property - 5% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Kesgrave Chiropractic Clinic Ltd (Registered number: 05661372)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023 85,000
Amortisation for year 5,000
At 31 March 2024 90,000
NET BOOK VALUE
At 31 March 2024 10,000
At 31 March 2023 15,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 39,165 61,652 54,080 9,081 163,978
Additions - 615 - 1,874 2,489
At 31 March 2024 39,165 62,267 54,080 10,955 166,467
DEPRECIATION
At 1 April 2023 9,952 36,019 1,352 2,920 50,243
Charge for year 1,959 3,883 13,182 1,007 20,031
At 31 March 2024 11,911 39,902 14,534 3,927 70,274
NET BOOK VALUE
At 31 March 2024 27,254 22,365 39,546 7,028 96,193
At 31 March 2023 29,213 25,633 52,728 6,161 113,735

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,444 2,026

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,833 13,067
Taxation and social security 22,342 16,235
Other creditors 50,850 54,896
99,025 84,198

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 22,500

Kesgrave Chiropractic Clinic Ltd (Registered number: 05661372)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

The company's trading premises is rented from the directors. The rent paid to the directors for the year was £11,287 (2023 £11,287).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kesgrave Chiropractic Clinic Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kesgrave Chiropractic Clinic Ltd for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kesgrave Chiropractic Clinic Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kesgrave Chiropractic Clinic Ltd and state those matters that we have agreed to state to the Board of Directors of Kesgrave Chiropractic Clinic Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kesgrave Chiropractic Clinic Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kesgrave Chiropractic Clinic Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kesgrave Chiropractic Clinic Ltd. You consider that Kesgrave Chiropractic Clinic Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kesgrave Chiropractic Clinic Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT


Date: .............................................