Chiropractic Care Ltd 03533381 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of a chiropractic clinic. Digita Accounts Production Advanced 6.30.9574.0 true true 03533381 2023-04-01 2024-03-31 03533381 2024-03-31 03533381 bus:Director2 1 2024-03-31 03533381 core:CurrentFinancialInstruments 2024-03-31 03533381 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03533381 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 03533381 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 03533381 core:MotorVehicles 2024-03-31 03533381 core:PlantMachinery 2024-03-31 03533381 bus:SmallEntities 2023-04-01 2024-03-31 03533381 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03533381 bus:FilletedAccounts 2023-04-01 2024-03-31 03533381 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03533381 bus:RegisteredOffice 2023-04-01 2024-03-31 03533381 bus:Director2 2023-04-01 2024-03-31 03533381 bus:Director2 1 2023-04-01 2024-03-31 03533381 bus:Director4 2023-04-01 2024-03-31 03533381 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03533381 core:LandBuildings 2023-04-01 2024-03-31 03533381 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03533381 core:MotorVehicles 2023-04-01 2024-03-31 03533381 core:PlantMachinery 2023-04-01 2024-03-31 03533381 countries:EnglandWales 2023-04-01 2024-03-31 03533381 2023-03-31 03533381 bus:Director2 1 2023-03-31 03533381 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 03533381 core:MotorVehicles 2023-03-31 03533381 core:PlantMachinery 2023-03-31 03533381 2022-04-01 2023-03-31 03533381 2023-03-31 03533381 bus:Director2 1 2023-03-31 03533381 core:CurrentFinancialInstruments 2023-03-31 03533381 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 03533381 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 03533381 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 03533381 core:MotorVehicles 2023-03-31 03533381 core:PlantMachinery 2023-03-31 03533381 bus:Director2 1 2022-04-01 2023-03-31 03533381 bus:Director2 1 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 03533381

Chiropractic Care Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Chiropractic Care Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

Chiropractic Care Ltd

(Registration number: 03533381)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

210,726

225,632

Current assets

 

Stocks

5

-

320

Debtors

6

1,073

1,570

Investments

7

-

45,305

Cash at bank and in hand

 

21,578

32,188

 

22,651

79,383

Creditors: Amounts falling due within one year

8

(91,345)

(59,916)

Net current (liabilities)/assets

 

(68,694)

19,467

Total assets less current liabilities

 

142,032

245,099

Creditors: Amounts falling due after more than one year

8

-

(82,412)

Provisions for liabilities

-

(1,791)

Net assets

 

142,032

160,896

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

141,932

160,796

Shareholders' funds

 

142,032

160,896

 

Chiropractic Care Ltd

(Registration number: 03533381)
Statement of Financial Position as at 31 March 2024 (continued)

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 27 December 2024 and signed on its behalf by:
 


Miss A E Stenning
Director

 

Chiropractic Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Timberly
South Street
Axminster
Devon
EX13 5AD

Principal activity

The principal activity of the company is that of a chiropractic clinic.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

Chiropractic Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Chiropractic Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

Straight line over 50 years

Plant and machinery

10% reducing balance

Motor vehicles

25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Chiropractic Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 2).

 

Chiropractic Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

265,042

10,170

8,634

283,846

Disposals

-

(10,170)

(8,634)

(18,804)

At 31 March 2024

265,042

-

-

265,042

Depreciation

At 1 April 2023

48,837

4,386

4,991

58,214

Charge for the year

5,479

-

-

5,479

Eliminated on disposal

-

(4,386)

(4,991)

(9,377)

At 31 March 2024

54,316

-

-

54,316

Carrying amount

At 31 March 2024

210,726

-

-

210,726

At 31 March 2023

216,205

5,784

3,643

225,632

5

Stocks

2024
£

2023
£

Finished goods and goods for resale

-

320

 

Chiropractic Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

6

Debtors

2024
£

2023
£

Other debtors

208

908

Prepayments

865

662

1,073

1,570

7

Current asset investments

2024
£

2023
£

Other investments

-

45,305

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

-

13,023

Trade creditors

 

720

2,807

Taxation and social security

 

2,463

7,729

Accruals and deferred income

 

3,580

3,894

Other creditors

 

84,582

32,463

 

91,345

59,916

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

-

82,412

9

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

 

Chiropractic Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

10

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Dr R N Stenning

(32,462)

(38,119)

(14,000)

(84,581)

         
       

 

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Dr R N Stenning

12,791

14,647

(59,900)

(32,462)