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Registration number: 13033111

The Self Care Clinic Co Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

































 

 

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Company Information

Director

Miss Nikki Chrysanthou

Registered office

Seaton House
Main Road
EXMINSTER
Devon
EX6 8DB

Accountants

Mr Dennis King
22 Rosemary Avenue
NEWTON ABBOT
Devon
TQ12 1NT

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
The Self Care Clinic Co Ltd
for the Year Ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Self Care Clinic Co Ltd for the year ended 30 April 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

Although not a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), wherever possible we have carried out this engagement in accordance with its ethical and other professional requirements.

This report is made solely to the Board of Directors of The Self Care Clinic Co Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Self Care Clinic Co Ltd and state those matters that we have agreed to state to the Board of Directors of The Self Care Clinic Co Ltd, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Self Care Clinic Co Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Self Care Clinic Co Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Self Care Clinic Co Ltd. You consider that The Self Care Clinic Co Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Self Care Clinic Co Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Mr Dennis King
22 Rosemary Avenue
NEWTON ABBOT
Devon
TQ12 1NT

26 November 2024

 

(Registration number: 13033111)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

30,909

40,895

Current assets

 

Stocks

5

900

1,200

Cash at bank and in hand

 

4

186

 

904

1,386

Creditors: Amounts falling due within one year

6

(15,659)

(18,043)

Net current liabilities

 

(14,755)

(16,657)

Total assets less current liabilities

 

16,154

24,238

Creditors: Amounts falling due after more than one year

6

(21,045)

(40,489)

Net liabilities

 

(4,891)

(16,251)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(4,892)

(16,252)

Shareholders' deficit

 

(4,891)

(16,251)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 November 2024
 

.........................................
Miss Nikki Chrysanthou
Director

 

Notes to the Unaudited Financial Statements for the Year Ended 30 April 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:
Seaton House
Main Road
EXMINSTER
Devon
EX6 8DB
United Kingdom

These financial statements were authorised for issue by the director on 26 November 2024.

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.

Going concern

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

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 sales/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.

Tangible assets

Tangible assets are stated in the balance sheet 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.

 

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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

Plant and machinery

18% of written down value

Furniture and fixtures

18% of written down value

Short leasehold property improvements

20% on straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 profit and loss account 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 2).

4

Tangible assets

Short leasehold property improvements
£

Furniture and fixtures
 £

Equipment
£

Total
£

Cost or valuation

At 1 May 2023

28,546

10,437

23,566

62,549

At 30 April 2024

28,546

10,437

23,566

62,549

Depreciation

At 1 May 2023

11,418

2,656

7,580

21,654

Charge for the year

5,709

1,400

2,877

9,986

At 30 April 2024

17,127

4,056

10,457

31,640

Carrying amount

At 30 April 2024

11,419

6,381

13,109

30,909

At 30 April 2023

17,128

7,781

15,986

40,895

Included within the net book value of land and buildings above is £11,419 (2023 - £17,128) in respect of short leasehold land and buildings.
 

 

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Stocks

2024
£

2023
£

Other inventories

900

1,200

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

13,876

17,376

Other creditors

 

1,783

667

 

15,659

18,043

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

21,045

40,489

Creditors include interest free private loans of £21,045 (2023 - £40,489) repayable after more than one year.

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary GBP1 of £1 each

1

1

1

1

       
 

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

21,045

40,489

Current loans and borrowings

2024
£

2023
£

Other borrowings

13,876

17,376

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

7,186

7,907

Later than one year and not later than five years

11,377

20,427

18,563

28,334

The amount of non-cancellable operating lease payments recognised as an expense during the year was £7,228 (2023 - £7,810).