Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Toby Sullivan 07/04/2017 12 January 2025 The principle activity of the company during the financial year was the provision of physiotherapy services. 10714901 2024-04-30 10714901 bus:Director1 2024-04-30 10714901 2023-04-30 10714901 core:CurrentFinancialInstruments 2024-04-30 10714901 core:CurrentFinancialInstruments 2023-04-30 10714901 core:Non-currentFinancialInstruments 2024-04-30 10714901 core:Non-currentFinancialInstruments 2023-04-30 10714901 core:ShareCapital 2024-04-30 10714901 core:ShareCapital 2023-04-30 10714901 core:RetainedEarningsAccumulatedLosses 2024-04-30 10714901 core:RetainedEarningsAccumulatedLosses 2023-04-30 10714901 core:Goodwill 2023-04-30 10714901 core:Goodwill 2024-04-30 10714901 core:LandBuildings 2023-04-30 10714901 core:LeaseholdImprovements 2023-04-30 10714901 core:OfficeEquipment 2023-04-30 10714901 core:LandBuildings 2024-04-30 10714901 core:LeaseholdImprovements 2024-04-30 10714901 core:OfficeEquipment 2024-04-30 10714901 core:MoreThanFiveYears 2024-04-30 10714901 core:MoreThanFiveYears 2023-04-30 10714901 2023-05-01 2024-04-30 10714901 bus:FilletedAccounts 2023-05-01 2024-04-30 10714901 bus:SmallEntities 2023-05-01 2024-04-30 10714901 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10714901 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10714901 bus:Director1 2023-05-01 2024-04-30 10714901 core:Goodwill core:TopRangeValue 2023-05-01 2024-04-30 10714901 core:LandBuildings core:TopRangeValue 2023-05-01 2024-04-30 10714901 core:LeaseholdImprovements core:TopRangeValue 2023-05-01 2024-04-30 10714901 core:OfficeEquipment core:TopRangeValue 2023-05-01 2024-04-30 10714901 2022-05-01 2023-04-30 10714901 core:LandBuildings 2023-05-01 2024-04-30 10714901 core:LeaseholdImprovements 2023-05-01 2024-04-30 10714901 core:OfficeEquipment 2023-05-01 2024-04-30 10714901 core:MoreThanFiveYears 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: 10714901 (England and Wales)

TRS PHYSIO LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

TRS PHYSIO LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

TRS PHYSIO LIMITED

BALANCE SHEET

As at 30 April 2024
TRS PHYSIO LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 177,076 195,703
177,076 195,703
Current assets
Debtors 5 7,205 5,178
Cash at bank and in hand 7,308 3,563
14,513 8,741
Creditors: amounts falling due within one year 6 ( 50,072) ( 45,915)
Net current liabilities (35,559) (37,174)
Total assets less current liabilities 141,517 158,529
Creditors: amounts falling due after more than one year 7 ( 44,665) ( 74,880)
Provision for liabilities ( 5,749) ( 7,261)
Net assets 91,103 76,388
Capital and reserves
Called-up share capital 5 5
Profit and loss account 91,098 76,383
Total shareholders' funds 91,103 76,388

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 financial statements of TRS Physio Limited (registered number: 10714901) were approved and authorised for issue by the Director on 12 January 2025. They were signed on its behalf by:

Toby Sullivan
Director
TRS PHYSIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
TRS PHYSIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

TRS Physio Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Flat 77, Archer House, Vicarage Crescent, London, SW11 3LG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director acknowledges the company's net current liability position at the balance sheet date. This position primarily reflects that funds have been loaned to the company in order to purchase equipment required for the trade. The company has continued to trade profitably since the balance sheet date and the director has satisfied himself that the company is a going concern as it has adequate funds available to pay its debts as and when they fall due.

Turnover

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 2 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Leasehold improvements 50 years straight line
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 May 2023 11,000 11,000
At 30 April 2024 11,000 11,000
Accumulated amortisation
At 01 May 2023 11,000 11,000
At 30 April 2024 11,000 11,000
Net book value
At 30 April 2024 0 0
At 30 April 2023 0 0

4. Tangible assets

Land and buildings Leasehold improve-
ments
Office equipment Total
£ £ £ £
Cost
At 01 May 2023 167,543 1,490 49,510 218,543
Additions 0 0 435 435
At 30 April 2024 167,543 1,490 49,945 218,978
Accumulated depreciation
At 01 May 2023 10,053 60 12,727 22,840
Charge for the financial year 3,351 30 15,681 19,062
At 30 April 2024 13,404 90 28,408 41,902
Net book value
At 30 April 2024 154,139 1,400 21,537 177,076
At 30 April 2023 157,490 1,430 36,783 195,703

Included within the net book value of land and buildings above is £154,139 (2022 - £157,490) in respect of long leasehold land and buildings. The long leasehold land and buildings have been pledged as security for the bank borrowing.

5. Debtors

2024 2023
£ £
Trade debtors 6,288 4,779
Other debtors 917 399
7,205 5,178

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 9,982 13,276
Amounts owed to director 994 1,979
Other loans 10,000 10,000
Accruals 2,000 1,881
Corporation tax 16,136 6,459
Other taxation and social security 960 375
Other creditors 10,000 11,945
50,072 45,915

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 44,665 74,880

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans 10,964 26,327

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £4,545. This amount relates to an operating lease entered into in the financial year, being a motor vehicle purchase.