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REGISTERED NUMBER: 09624312 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

NK Sports Podiatry Limited

NK Sports Podiatry Limited (Registered number: 09624312)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NK Sports Podiatry Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: N Knight
J F Small





REGISTERED OFFICE: Pepper Mill Barn
Old Salisbury Lane
Romsey
Hampshire
SO51 0GD





REGISTERED NUMBER: 09624312 (England and Wales)





ACCOUNTANTS: Roches
Chartered Accountants
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH

NK Sports Podiatry Limited (Registered number: 09624312)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 169 191
Tangible assets 5 35,466 37,427
35,635 37,618

CURRENT ASSETS
Debtors 6 18,187 16,316
Cash at bank 19,722 30,350
37,909 46,666
CREDITORS
Amounts falling due within one year 7 36,470 63,329
NET CURRENT ASSETS/(LIABILITIES) 1,439 (16,663 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,074

20,955

CREDITORS
Amounts falling due after more than one
year

8

26,038

29,519
NET ASSETS/(LIABILITIES) 11,036 (8,564 )

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 39,980 39,980
Retained earnings (29,044 ) (48,644 )
SHAREHOLDERS' FUNDS 11,036 (8,564 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

NK Sports Podiatry Limited (Registered number: 09624312)

Balance Sheet - continued
30 June 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 10 October 2024 and were signed on its behalf by:





N Knight - Director


NK Sports Podiatry Limited (Registered number: 09624312)

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

1. STATUTORY INFORMATION

NK Sports Podiatry 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

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.


NK Sports Podiatry Limited (Registered number: 09624312)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Government grants
Government grants are recognised using the accrual model. Those relating to revenue expenditure are recognised in income on a systematic basis over the periods in which the entity recognizes the related cost for which the grant is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 220
AMORTISATION
At 1 July 2023 29
Charge for year 22
At 30 June 2024 51
NET BOOK VALUE
At 30 June 2024 169
At 30 June 2023 191

NK Sports Podiatry Limited (Registered number: 09624312)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 3,582 85,873 89,455
Additions - 18,431 18,431
Disposals - (1,281 ) (1,281 )
At 30 June 2024 3,582 103,023 106,605
DEPRECIATION
At 1 July 2023 2,866 49,162 52,028
Charge for year 716 19,420 20,136
Eliminated on disposal - (1,025 ) (1,025 )
At 30 June 2024 3,582 67,557 71,139
NET BOOK VALUE
At 30 June 2024 - 35,466 35,466
At 30 June 2023 716 36,711 37,427

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 3,840
At 30 June 2024 3,840
DEPRECIATION
Charge for year 841
At 30 June 2024 841
NET BOOK VALUE
At 30 June 2024 2,999

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 7,597 5,968
Other debtors 10,590 10,348
18,187 16,316

NK Sports Podiatry Limited (Registered number: 09624312)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 4,778 4,778
Hire purchase contracts (see note 9) 586 -
Trade creditors 14,313 14,660
Taxation and social security 2,266 1,605
Other creditors 14,527 42,286
36,470 63,329

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 23,491 28,268
Hire purchase contracts (see note 9) 2,547 -
Other creditors - 1,251
26,038 29,519

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,380 9,157

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.6.24 30.6.23
£    £   
Net obligations repayable:
Within one year 586 -
Between one and five years 2,547 -
3,133 -

Non-cancellable operating leases
30.6.24 30.6.23
£    £   
Within one year 26,000 26,000
Between one and five years 32,500 58,500
58,500 84,500

10. GOING CONCERN

As at the year end, the directors recognise the financial position of the company is one of net liabilities, however, they consider that the company will trade out of this position with their continued support.