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Company Registration No. 06878507 (England and Wales)
Wells Chiropractic & Osteopathy Centre Limited Unaudited accounts for the year ended 30 April 2024
Wells Chiropractic & Osteopathy Centre Limited Unaudited accounts Contents
Page
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Wells Chiropractic & Osteopathy Centre Limited Company Information for the year ended 30 April 2024
Directors
Gemma Palmer Benjamin Palmer
Company Number
06878507 (England and Wales)
Registered Office
Wells Chiropractic & Osteopathy Centre Rosebank Priory Health Park, Glastonbury Road Wells Somerset BA5 1XJ England
Accountants
Wheatley Tax 8 Calluna Close Wick-st-Lawrence Weston-super-Mare Somerset BS22 9TS
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Wells Chiropractic & Osteopathy Centre Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,660 
11,646 
Current assets
Debtors
3,765 
43,510 
Cash at bank and in hand
78,234 
13,678 
81,999 
57,188 
Creditors: amounts falling due within one year
(52,742)
(34,589)
Net current assets
29,257 
22,599 
Total assets less current liabilities
39,917 
34,245 
Creditors: amounts falling due after more than one year
(21,594)
(31,567)
Provisions for liabilities
Deferred tax
(1,161)
(1,321)
Net assets
17,162 
1,357 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
17,062 
1,257 
Shareholders' funds
17,162 
1,357 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by
Benjamin Palmer Director Company Registration No. 06878507
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Wells Chiropractic & Osteopathy Centre Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Wells Chiropractic & Osteopathy Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 06878507. The registered office is Wells Chiropractic & Osteopathy Centre, Rosebank, Priory Health Park, Glastonbury Road, Wells, Somerset, BA5 1XJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Turnover
Turnover represents net invoiced sales of services.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, and the development of a website in 2013 has been amortised evenly over it's estimated useful life of three years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
33% on cost
Taxation
Taxation for the year comprises of current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Wells Chiropractic & Osteopathy Centre Limited Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
10,873 
At 30 April 2024
10,873 
Amortisation
At 1 May 2023
10,873 
At 30 April 2024
10,873 
Net book value
At 30 April 2024
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
5,900 
30,599 
24,946 
61,445 
Additions
- 
600 
- 
600 
At 30 April 2024
5,900 
31,199 
24,946 
62,045 
Depreciation
At 1 May 2023
- 
28,371 
21,428 
49,799 
Charge for the year
- 
707 
879 
1,586 
At 30 April 2024
- 
29,078 
22,307 
51,385 
Net book value
At 30 April 2024
5,900 
2,121 
2,639 
10,660 
At 30 April 2023
5,900 
2,228 
3,518 
11,646 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
3,765 
4,294 
Other debtors
- 
39,216 
3,765 
43,510 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
7,681 
13,156 
Taxes and social security
44,117 
21,433 
Other creditors
458 
- 
Loans from directors
486 
- 
52,742 
34,589 
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Wells Chiropractic & Osteopathy Centre Limited Notes to the Accounts for the year ended 30 April 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,594 
31,567 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
80 Share capital 1 of £1 each
80 
80 
20 Share capital 2 of £1 each
20 
20 
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Benjamin Palmer
Mr & Mrs B Palmer
39,216 
- 
39,216 
- 
39,216 
- 
39,216 
- 
11
Average number of employees
During the year the average number of employees was 8 (2023: 9).
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