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REGISTERED NUMBER: 11758042 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

RINGWOOD PHYSIOTHERAPY LIMITED

RINGWOOD PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 11758042)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RINGWOOD PHYSIOTHERAPY LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: Mrs F A Allen





SECRETARY:





REGISTERED OFFICE: 36A Station Road
New Milton
Hampshire
BH25 6JX





REGISTERED NUMBER: 11758042 (England and Wales)





ACCOUNTANTS: David Shores & Co Ltd
36a Station Road
New Milton
Hampshire
BH25 6JX

RINGWOOD PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 11758042)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,120
Tangible assets 5 2,271 3,301
2,271 5,421

CURRENT ASSETS
Debtors 6 3,736 5,834
Cash at bank 30 1,329
3,766 7,163
CREDITORS
Amounts falling due within one year 7 11,828 14,101
NET CURRENT LIABILITIES (8,062 ) (6,938 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,791

)

(1,517

)

PROVISIONS FOR LIABILITIES - 628
NET LIABILITIES (5,791 ) (2,145 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (5,801 ) (2,155 )
SHAREHOLDERS' FUNDS (5,791 ) (2,145 )

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

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

RINGWOOD PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 11758042)

BALANCE SHEET - continued
31 January 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 November 2024 and were signed by:





Mrs F A Allen - Director


RINGWOOD PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 11758042)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Ringwood Physiotherapy Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five 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 etc - 33% on cost and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

RINGWOOD PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 11758042)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities and include trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets are measured at cost and 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 income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Employment benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities and include trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Provisions

Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

RINGWOOD PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 11758042)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 10,600
AMORTISATION
At 1 February 2023 8,480
Charge for year 2,120
At 31 January 2024 10,600
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 2,120

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 9,274
DEPRECIATION
At 1 February 2023 5,973
Charge for year 1,030
At 31 January 2024 7,003
NET BOOK VALUE
At 31 January 2024 2,271
At 31 January 2023 3,301

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,736 5,834

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,069 12,944
Taxation and social security 309 309
Other creditors 450 848
11,828 14,101

RINGWOOD PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 11758042)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director received a loan from the company. The amount outstanding at the balance sheet date was £3,735. Interest is charged at 3.5% per annum. The loan was repaid after the financial year end.