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Registered number: 09195036
Elixir Chiropractic Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Panthera Limited
Chartered Management Accountants
The Manor
Main Street
Grove
Oxfordshire
OX12 7JJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09195036
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,112 12,119
4,112 12,119
CURRENT ASSETS
Debtors 5 2,970 -
Cash at bank and in hand 4,741 6,844
7,711 6,844
Creditors: Amounts Falling Due Within One Year 6 (9,277 ) (12,321 )
NET CURRENT ASSETS (LIABILITIES) (1,566 ) (5,477 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,546 6,642
Creditors: Amounts Falling Due After More Than One Year 7 (1,583 ) (4,773 )
NET ASSETS 963 1,869
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 962 1,868
SHAREHOLDERS' FUNDS 963 1,869
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Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Emily White
Director
13/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Elixir Chiropractic Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09195036 . The registered office is 54 Broome Manor Lane, Swindon, SN3 1LX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 21,070 - 479 21,549
Additions 5,000 376 - 5,376
Disposals (19,070 ) - - (19,070 )
As at 31 March 2024 7,000 376 479 7,855
Depreciation
As at 1 April 2023 9,151 - 279 9,430
Provided during the period 1,250 94 120 1,464
Disposals (7,151 ) - - (7,151 )
As at 31 March 2024 3,250 94 399 3,743
Net Book Value
As at 31 March 2024 3,750 282 80 4,112
As at 1 April 2023 11,919 - 200 12,119
5. Debtors
2024 2023
£ £
Due within one year
Director's loan account 2,970 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 6,380
Trade creditors 215 87
Bank loans and overdrafts 917 1,917
Other loans 4,000 -
Corporation tax 2,749 1,590
Other taxes and social security 1,396 2,343
Director's loan account - 4
9,277 12,321
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 3,190
Bank loans 1,583 1,583
1,583 4,773
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Page 5
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 6,380
Later than one year and not later than five years - 3,190
- 9,570
- 9,570
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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