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REGISTERED NUMBER: 08501793 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

The Spine Guy Limited

The Spine Guy Limited (Registered number: 08501793)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Spine Guy Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs L M Ben Mayor
J D Ben Mayor





REGISTERED OFFICE: Richmond House
Lawnswood Business Park
Redvers CLose
Leeds
LS16 6QY





REGISTERED NUMBER: 08501793 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

The Spine Guy Limited (Registered number: 08501793)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,049 12,034

CURRENT ASSETS
Debtors 5 23,000 29,610
Cash at bank 72,142 23,722
95,142 53,332
CREDITORS
Amounts falling due within one year 6 92,069 46,015
NET CURRENT ASSETS 3,073 7,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,122

19,351

CREDITORS
Amounts falling due after more than one year 7 (7,875 ) (14,875 )

PROVISIONS FOR LIABILITIES (2,262 ) (3,009 )
NET ASSETS 1,985 1,467

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,885 1,367
1,985 1,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The Spine Guy Limited (Registered number: 08501793)

Balance Sheet - continued
30 April 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





J D Ben Mayor - Director


The Spine Guy Limited (Registered number: 08501793)

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

1. STATUTORY INFORMATION

The Spine Guy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover for in person chiropractic services is recognised in line with provision of the chiropractic sessions to clients.

Turnover for online chiropractic services is recognised at the point the customer receives access to the content.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - straight line over the life of the asset
Fixtures and fittings - 25% on reducing balance
Computer equipment - straight line over the life of the asset

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

The Spine Guy Limited (Registered number: 08501793)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 6,715 10,613 2,768 20,096
DEPRECIATION
At 1 May 2023 3,572 3,148 1,342 8,062
Charge for year 806 1,866 313 2,985
At 30 April 2024 4,378 5,014 1,655 11,047
NET BOOK VALUE
At 30 April 2024 2,337 5,599 1,113 9,049
At 30 April 2023 3,143 7,465 1,426 12,034

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 23,000 29,610

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 7,000 7,000
Taxation and social security 32,738 18,108
Other creditors 52,331 20,907
92,069 46,015

The Spine Guy Limited (Registered number: 08501793)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 7,875 14,875

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 24,000 24,000
Between one and five years 10,000 34,000
34,000 58,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
J D Ben Mayor and Mrs L M Ben Mayor
Balance outstanding at start of year 22,409 56,504
Amounts advanced 35,666 22,409
Amounts repaid (42,061 ) (56,504 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,014 22,409

Interest is being charged at the official rate.