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Registrar

Registration number: 05787489

Lane Physiotherapy Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Lane Physiotherapy Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Lane Physiotherapy Limited

Company Information

Directors

R L Alliston

W Alliston

Company secretary

B E Day

Registered office

3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

Bankers

Santander
Bridle Road
Bootle
Merseyside
L30 4GB

Accountants

Lambert Chapman LLP
Chartered Accountants3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Lane Physiotherapy Limited

(Registration number: 05787489)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

437,299

451,872

Current assets

 

Stocks

6

1,500

1,500

Debtors

7

127,218

80,811

Cash at bank and in hand

 

119,291

114,281

 

248,009

196,592

Creditors: Amounts falling due within one year

8

(91,181)

(43,238)

Net current assets

 

156,828

153,354

Total assets less current liabilities

 

594,127

605,226

Provisions for liabilities

(6,996)

(7,298)

Net assets

 

587,131

597,928

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

587,031

597,828

Shareholders' funds

 

587,131

597,928

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.

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 and 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 Board on 22 January 2025 and signed on its behalf by:
 

R L Alliston
Director

 

Lane Physiotherapy Limited

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 & Wales.

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB, England.

These financial statements were authorised for issue by the Board on 22 January 2025.

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.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of physiotherapy services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

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.

Other grants

Grants are recognised when the company has an entitlement to the funds and conditions linked to the grants have been met.

Tax

Current Tax is recognised in the profit and loss account, 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 income tax is recognised on material temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 

Lane Physiotherapy Limited

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

Tangible assets

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

Depreciation

Depreciation is charged so as to write off the cost or valuation 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

25% Reducing balance method

Fixtures and fittings

25% Reducing balance method & 15% Straight line method

Office equipment

25% Straight line method

Land and Buildings

2% & 10% Straight line method

Leasehold improvements

10% Straight line method

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

All Goodwill has been fully amortised in the financial statements.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

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

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

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.

 

Lane Physiotherapy Limited

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

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.

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.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2023 - 14).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2023

58,000

58,000

At 30 April 2024

58,000

58,000

Amortisation

At 1 May 2023

58,000

58,000

At 30 April 2024

58,000

58,000

Carrying amount

At 30 April 2024

-

-

 

Lane Physiotherapy Limited

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

5

Tangible assets

Land and buildings
£

Fixtures and fittings
 £

Office equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

531,525

40,120

63,714

13,408

648,767

Additions

-

5,070

1,503

3,006

9,579

Disposals

-

(7,574)

-

(1,050)

(8,624)

At 30 April 2024

531,525

37,616

65,217

15,364

649,722

Depreciation

At 1 May 2023

108,845

25,933

50,974

11,143

196,895

Charge for the year

13,365

2,973

6,805

937

24,080

Eliminated on disposal

-

(7,513)

-

(1,039)

(8,552)

At 30 April 2024

122,210

21,393

57,779

11,041

212,423

Carrying amount

At 30 April 2024

409,315

16,223

7,438

4,323

437,299

At 30 April 2023

422,680

14,187

12,740

2,265

451,872

Included within the net book value of land and buildings above is £405,010 (2023 - £416,652) in respect of freehold land and buildings and £4,306 (2023 - £6,029) in respect of short leasehold land and buildings.
 

 

Lane Physiotherapy Limited

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

6

Stocks

2024
£

2023
£

Consumables

1,500

1,500

7

Debtors

Note

2024
£

2023
£

Trade debtors

 

40,093

32,396

Directors loan account

11

66,577

38,776

Prepayments

 

9,189

4,505

Other debtors

 

11,359

5,134

 

127,218

80,811

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

12,962

3,526

Accruals and deferred income

43,317

7,263

Other creditors

34,902

32,449

91,181

43,238

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £4,107 (2023 - £9,583).

 

Lane Physiotherapy Limited

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

11

Related party transactions

Transactions with directors

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

Directors loan transactions

38,776

126,682

(98,881)

66,577

 

2023

At 1 May 2022
£

Advances to director
£

Repayments by director
£

At 30 April 2023
£

Directors loan transactions

13,236

165,767

(140,227)

38,776