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Registered number: 05498740
Longlevens Chiropractic & Sports Injury Clinic Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05498740
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,336 2,643
1,336 2,643
CURRENT ASSETS
Stocks 6 1,600 1,600
Debtors 7 14,651 2
Cash at bank and in hand 111,221 85,554
127,472 87,156
Creditors: Amounts Falling Due Within One Year 8 (37,328 ) (21,889 )
NET CURRENT ASSETS (LIABILITIES) 90,144 65,267
TOTAL ASSETS LESS CURRENT LIABILITIES 91,480 67,910
Creditors: Amounts Falling Due After More Than One Year 9 (8,522 ) (9,172 )
NET ASSETS 82,958 58,738
CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Profit and Loss Account 81,956 57,736
SHAREHOLDERS' FUNDS 82,958 58,738
Page 1
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mr Simon Rose
Director
20 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Longlevens Chiropractic & Sports Injury Clinic Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05498740 . The registered office is 14 Cheltenham Road, Gloucester, GL2 0LS.
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 is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. 
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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 years 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.
...CONTINUED
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2.6. Taxation - continued
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 assets reflect 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 7)
6 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 10,000
As at 31 March 2024 10,000
Amortisation
As at 1 April 2023 10,000
As at 31 March 2024 10,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 52,982 9,196 6,488 68,666
As at 31 March 2024 52,982 9,196 6,488 68,666
...CONTINUED
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Depreciation
As at 1 April 2023 51,576 9,196 5,251 66,023
Provided during the period 800 - 507 1,307
As at 31 March 2024 52,376 9,196 5,758 67,330
Net Book Value
As at 31 March 2024 606 - 730 1,336
As at 1 April 2023 1,406 - 1,237 2,643
6. Stocks
2024 2023
£ £
Materials 1,600 1,600
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 14,651 2
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,382 2,545
Other creditors 1,645 1,651
Taxation and social security 28,301 17,693
37,328 21,889
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 8,522 9,172
10. Related Party Transactions
During the year, the company rented premises from the Director's parents at a cost of £4,836 (2023: £6,109)
The company also has a loan from the Director's parents which is disclosed as due greather than one year at £8,522 £2023: £9,172)
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