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Registered number: 04623145
Loughborough Osteopathic Clinic Limited
Financial Statements
For The Year Ended 30 March 2024
Cound & Co LLP
Chartered Accountants
1 Princes Court Royal Way
Loughborough
LE11 5XR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04623145
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 18,616 16,395
18,616 16,395
CURRENT ASSETS
Debtors 6 27,205 35,626
Cash at bank and in hand 13,857 18,611
41,062 54,237
Creditors: Amounts Falling Due Within One Year 7 (30,569 ) (34,955 )
NET CURRENT ASSETS (LIABILITIES) 10,493 19,282
TOTAL ASSETS LESS CURRENT LIABILITIES 29,109 35,677
Creditors: Amounts Falling Due After More Than One Year 8 (9,548 ) (19,440 )
NET ASSETS 19,561 16,237
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 19,461 16,137
SHAREHOLDERS' FUNDS 19,561 16,237
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For the year ending 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J D Butler
Director
29th January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Loughborough Osteopathic Clinic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04623145 . The registered office is 1 Princes Court, Royal Way, Loughborough, LE11 5XR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It has been amortised over its estimated economic life.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 15% of net book value
Plant & Machinery 25 % Reducing Balance
2.5. Taxation
Taxation expense represents the sum of the tax currently payable and deferred tax.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered a net liability may crystallise.

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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 31 March 2023 25,000
As at 30 March 2024 25,000
Amortisation
As at 31 March 2023 25,000
As at 30 March 2024 25,000
Net Book Value
As at 30 March 2024 -
As at 31 March 2023 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 31 March 2023 24,129 10,440 34,569
Additions 3,562 958 4,520
As at 30 March 2024 27,691 11,398 39,089
Depreciation
As at 31 March 2023 8,387 9,787 18,174
Provided during the period 1,896 403 2,299
As at 30 March 2024 10,283 10,190 20,473
Net Book Value
As at 30 March 2024 17,408 1,208 18,616
As at 31 March 2023 15,742 653 16,395
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 535 420
Prepayments and accrued income 605 183
Other debtors 3,750 3,750
S455 Tax repayable 6,597 10,259
Director's loan account 15,718 21,014
27,205 35,626
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 5,000 -
Corporation tax 11,000 16,720
Other taxes and social security 103 86
Other creditors 900 900
Accruals and deferred income 11,056 15,139
Amounts owed to other participating interests 2,510 2,110
30,569 34,955
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,548 19,440
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 31 March 2023 Amounts advanced Amounts repaid Amounts written off As at 30 March 2024
£ £ £ £ £
Mr James Butler 21,014 - 5,296 - 15,718
The above loan is unsecured, interest has been charged on the outstanding balance at 2.25% per annum. The loan is repayable on demand.
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