Registered number
07302498
The Bosham Clinic Limited
Filleted Accounts
31 July 2024
The Bosham Clinic Limited
Registered number: 07302498
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 264,000 308,000
Tangible assets 4 127,951 147,290
Investments 5 4,903 4,903
396,854 460,193
Current assets
Stocks 5,400 5,400
Debtors 6 406,463 340,908
Cash at bank and in hand 309,115 200,353
720,978 546,661
Creditors: amounts falling due within one year 7 (199,365) (146,839)
Net current assets 521,613 399,822
Total assets less current liabilities 918,467 860,015
Creditors: amounts falling due after more than one year 8 (32,111) (54,285)
Provisions for liabilities (31,600) (27,626)
Net assets 854,756 778,104
Capital and reserves
Called up share capital 100 100
Profit and loss account 854,656 778,004
Shareholders' funds 854,756 778,104
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J.P. Verster
Director
Approved by the board on 18 December 2024
The Bosham Clinic Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 25% on reducing value
Motor vehicles 25% on reducing value
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 13 13
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 880,000
At 31 July 2024 880,000
Amortisation
At 1 August 2023 572,000
Provided during the year 44,000
At 31 July 2024 616,000
Net book value
At 31 July 2024 264,000
At 31 July 2023 308,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Equipment Motor vehicles Total
£ £ £
Cost
At 1 August 2023 345,885 66,180 412,065
Additions 23,311 - 23,311
At 31 July 2024 369,196 66,180 435,376
Depreciation
At 1 August 2023 248,230 16,545 264,775
Charge for the year 30,241 12,409 42,650
At 31 July 2024 278,471 28,954 307,425
Net book value
At 31 July 2024 90,725 37,226 127,951
At 31 July 2023 97,655 49,635 147,290
5 Investments
Other
investments
£
Cost
At 1 August 2023 4,903
At 31 July 2024 4,903
6 Debtors 2024 2023
£ £
Other debtors 406,463 340,908
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 14,645 22,848
Obligations under finance lease and hire purchase contracts 13,191 13,191
Trade creditors 64,522 73,330
Taxation and social security costs 90,652 27,242
Other creditors 16,355 10,228
199,365 146,839
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,859 28,853
Obligations under finance lease and hire purchase contracts 16,252 25,432
32,111 54,285
9 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 4,001 15,377
A charge in favour of Natwest Bank plc is registered over the property and undertaking of the company.
10 Controlling party
The company is controlled by the director.
11 Other information
The Bosham Clinic Limited is a private company limited by shares and incorporated in England. Its registered office is:
Main Road
Fishbourne
Chichester
PO18 8AN
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