Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.12023-08-01falseThe principal activity of the company is that of physiotherapy.1truetruefalse 11350969 2023-08-01 2024-07-31 11350969 2022-08-01 2023-07-31 11350969 2024-07-31 11350969 2023-07-31 11350969 c:Director1 2023-08-01 2024-07-31 11350969 d:OfficeEquipment 2023-08-01 2024-07-31 11350969 d:OfficeEquipment 2024-07-31 11350969 d:OfficeEquipment 2023-07-31 11350969 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 11350969 d:ComputerEquipment 2023-08-01 2024-07-31 11350969 d:ComputerEquipment 2024-07-31 11350969 d:ComputerEquipment 2023-07-31 11350969 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 11350969 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 11350969 d:CurrentFinancialInstruments 2024-07-31 11350969 d:CurrentFinancialInstruments 2023-07-31 11350969 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 11350969 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 11350969 d:ShareCapital 2024-07-31 11350969 d:ShareCapital 2023-07-31 11350969 d:RetainedEarningsAccumulatedLosses 2024-07-31 11350969 d:RetainedEarningsAccumulatedLosses 2023-07-31 11350969 c:FRS102 2023-08-01 2024-07-31 11350969 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 11350969 c:FullAccounts 2023-08-01 2024-07-31 11350969 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11350969 2 2023-08-01 2024-07-31 11350969 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 11350969










SACARELLO PHYSIO LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
SACARELLO PHYSIO LTD
REGISTERED NUMBER: 11350969

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
240
412

  
240
412

Current assets
  

Debtors: amounts falling due within one year
 5 
38,192
57,514

Cash at bank and in hand
 6 
179,738
119,255

  
217,930
176,769

Creditors: amounts falling due within one year
 7 
(30,718)
(27,400)

Net current assets
  
 
 
187,212
 
 
149,369

  

Net assets
  
187,452
149,781


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
187,451
149,780

  
187,452
149,781


Page 1

 
SACARELLO PHYSIO LTD
REGISTERED NUMBER: 11350969
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 January 2025.




L. O. Sacarello
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SACARELLO PHYSIO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Sacarello Physio Limited is a private company limited by share capital, incorporated in England & Wales, registration number 11350969. The address of the registered office is 14th Floor 33 Cavendish Square, London, United Kingdom, W1G 0PW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


Page 3

 
SACARELLO PHYSIO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Physio equipment
-
20%
Computer equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Page 4

 
SACARELLO PHYSIO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)


Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
SACARELLO PHYSIO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Physio equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 August 2023
569
299
868



At 31 July 2024

569
299
868



Depreciation


At 1 August 2023
216
240
456


Charge for the year on owned assets
113
59
172



At 31 July 2024

329
299
628



Net book value



At 31 July 2024
240
-
240



At 31 July 2023
353
59
412


5.


Debtors

2024
2023
£
£


Other debtors
32,692
52,514

Prepayments and accrued income
5,500
5,000

38,192
57,514



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
179,738
119,255


Page 6

 
SACARELLO PHYSIO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
2,700

Corporation tax
26,418
22,000

Accruals and deferred income
4,300
2,700

30,718
27,400



8.


Related party transactions

Included in other debtors is an amount of £21,827 (2023: £33,827) due from the director.

 
Page 7