Silverfin false false 30/04/2024 01/05/2023 30/04/2024 A J Mayo 20/04/2019 27 January 2025 The principal activity of the Company during the year was that of podiatry services. 11955660 2024-04-30 11955660 bus:Director1 2024-04-30 11955660 2023-04-30 11955660 core:CurrentFinancialInstruments 2024-04-30 11955660 core:CurrentFinancialInstruments 2023-04-30 11955660 core:Non-currentFinancialInstruments 2024-04-30 11955660 core:Non-currentFinancialInstruments 2023-04-30 11955660 core:ShareCapital 2024-04-30 11955660 core:ShareCapital 2023-04-30 11955660 core:RetainedEarningsAccumulatedLosses 2024-04-30 11955660 core:RetainedEarningsAccumulatedLosses 2023-04-30 11955660 core:FurnitureFittings 2023-04-30 11955660 core:ComputerEquipment 2023-04-30 11955660 core:FurnitureFittings 2024-04-30 11955660 core:ComputerEquipment 2024-04-30 11955660 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-04-30 11955660 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-04-30 11955660 2023-05-01 2024-04-30 11955660 bus:FilletedAccounts 2023-05-01 2024-04-30 11955660 bus:SmallEntities 2023-05-01 2024-04-30 11955660 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11955660 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11955660 bus:Director1 2023-05-01 2024-04-30 11955660 core:FurnitureFittings 2023-05-01 2024-04-30 11955660 core:ComputerEquipment 2023-05-01 2024-04-30 11955660 2022-05-01 2023-04-30 11955660 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: 11955660 (England and Wales)

CLITHEROE FOOT CLINIC LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH THE REGISTRAR

CLITHEROE FOOT CLINIC LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024

Contents

CLITHEROE FOOT CLINIC LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
CLITHEROE FOOT CLINIC LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
DIRECTOR A J Mayo
REGISTERED OFFICE C/O Pm+M First Floor
Sandringham House
Hollins Brook Park
Pilsworth Road
Bury
BL9 8RN
United Kingdom
COMPANY NUMBER 11955660 (England and Wales)
CHARTERED ACCOUNTANTS PM+M Solutions for Business LLP
First Floor
Sandringham House
Hollins Brook Park
Pilsworth Road
Bury
BL9 8RN
CLITHEROE FOOT CLINIC LIMITED

BALANCE SHEET

AS AT 30 APRIL 2024
CLITHEROE FOOT CLINIC LIMITED

BALANCE SHEET (continued)

AS AT 30 APRIL 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 0 10,976
0 10,976
Current assets
Stocks 0 12,500
Debtors 5 14,812 22,698
Cash at bank and in hand 485 6,747
15,297 41,945
Creditors: amounts falling due within one year 6 ( 5,007) ( 36,064)
Net current assets 10,290 5,881
Total assets less current liabilities 10,290 16,857
Creditors: amounts falling due after more than one year 7 ( 9,957) ( 14,479)
Provision for liabilities 0 ( 2,045)
Net assets 333 333
Capital and reserves
Called-up share capital 1 1
Profit and loss account 332 332
Total shareholder's funds 333 333

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.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Clitheroe Foot Clinic Limited (registered number: 11955660) were approved and authorised for issue by the Director on 27 January 2025. They were signed on its behalf by:

A J Mayo
Director
CLITHEROE FOOT CLINIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
CLITHEROE FOOT CLINIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Clitheroe Foot Clinic Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Pm+M First Floor, Sandringham House, , Hollins Brook Park, Pilsworth Road, Bury, BL9 8RN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources and support from other related entities to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 20 % reducing balance
Computer equipment 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

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

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 2

4. Tangible assets

Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 01 May 2023 20,050 2,020 22,070
Disposals ( 20,050) ( 2,020) ( 22,070)
At 30 April 2024 0 0 0
Accumulated depreciation
At 01 May 2023 9,990 1,104 11,094
Disposals ( 9,990) ( 1,104) ( 11,094)
At 30 April 2024 0 0 0
Net book value
At 30 April 2024 0 0 0
At 30 April 2023 10,060 916 10,976

During the year, assets were transferred at net book value to a company under common control

5. Debtors

2024 2023
£ £
Amounts owed by related parties 14,812 22,698

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 5,007 5,324
Trade creditors 0 160
Amounts owed to related parties 0 29,702
Accruals 0 876
Taxation and social security 0 2
5,007 36,064

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 9,957 14,479

There are no amounts included above in respect of which any security has been given by the small entity.

8. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 10,000 22,000

9. Related Party Transactions

Included in amounts due to related parties (debtor) is £14,812 due from Feet Covered Limited. A company under common control.