Registered number
05374221
Kingston Physio Limited
Unaudited Filleted Accounts
31 March 2024
Kingston Physio Limited
Registered number: 05374221
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,500 3,000
Tangible assets 4 38,738 46,250
40,238 49,250
Current assets
Debtors 5 19,190 10,725
Cash at bank and in hand 21,554 46,998
40,744 57,723
Creditors: amounts falling due within one year 6 (46,816) (30,783)
Net current (liabilities)/assets (6,072) 26,940
Total assets less current liabilities 34,166 76,190
Creditors: amounts falling due after more than one year 7 (11,666) (21,667)
Provisions for liabilities (9,684) -
Net assets 12,816 54,523
Capital and reserves
Called up share capital 100 100
Profit and loss account 12,716 54,423
Shareholders' funds 12,816 54,523
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Basak
Director
Approved by the board on 8 January 2025
Kingston Physio Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings 20 years
Plant and machinery 4 - 10 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 30,000
At 31 March 2024 30,000
Amortisation
At 1 April 2023 27,000
Provided during the year 1,500
At 31 March 2024 28,500
Net book value
At 31 March 2024 1,500
At 31 March 2023 3,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 12,671 60,584 73,255
Additions - 442 442
At 31 March 2024 12,671 61,026 73,697
Depreciation
At 1 April 2023 1,521 25,484 27,005
Charge for the year 634 7,320 7,954
At 31 March 2024 2,155 32,804 34,959
Net book value
At 31 March 2024 10,516 28,222 38,738
At 31 March 2023 11,150 35,100 46,250
5 Debtors 2024 2023
£ £
Other debtors 19,190 10,725
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Corporation tax 30,718 18,634
Other taxes and social security costs 2,287 149
Other creditors 3,811 2,000
46,816 30,783
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,666 21,667
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 17,856 31,248
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
M Basak
Interest free (48) 140,883 (132,370) 8,465
(48) 140,883 (132,370) 8,465
10 Other information
Kingston Physio Limited is a private company limited by shares and incorporated in England. Its registered office is:
100 Manor Lane
Sunbury-on-Thames
Middlesex
TW16 6JB
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