Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 07878211 Mrs Rachael Lowe Mr Antony Lowe the Directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07878211 2023-05-31 07878211 2024-05-31 07878211 2023-06-01 2024-05-31 07878211 frs-core:Non-currentFinancialInstruments 2024-05-31 07878211 frs-core:ComputerEquipment 2023-06-01 2024-05-31 07878211 frs-core:FurnitureFittings 2023-06-01 2024-05-31 07878211 frs-core:MotorVehicles 2023-06-01 2024-05-31 07878211 frs-core:PlantMachinery 2023-06-01 2024-05-31 07878211 frs-core:ShareCapital 2024-05-31 07878211 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 07878211 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07878211 frs-bus:AbridgedAccounts 2023-06-01 2024-05-31 07878211 frs-bus:SmallEntities 2023-06-01 2024-05-31 07878211 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07878211 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07878211 1 2023-06-01 2024-05-31 07878211 frs-bus:Director1 2023-06-01 2024-05-31 07878211 frs-bus:Director2 2023-06-01 2024-05-31 07878211 frs-countries:EnglandWales 2023-06-01 2024-05-31 07878211 2022-05-31 07878211 2023-05-31 07878211 2022-06-01 2023-05-31 07878211 frs-core:Non-currentFinancialInstruments 2023-05-31 07878211 frs-core:ShareCapital 2023-05-31 07878211 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 07878211
Physiopedia Plus Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 07878211
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,425 32,138
21,425 32,138
CURRENT ASSETS
Debtors 5 138,235 161,534
Cash at bank and in hand 276,560 509,340
414,795 670,874
Creditors: Amounts Falling Due Within One Year (192,419 ) (519,672 )
NET CURRENT ASSETS (LIABILITIES) 222,376 151,202
TOTAL ASSETS LESS CURRENT LIABILITIES 243,801 183,340
NET ASSETS 243,801 183,340
CAPITAL AND RESERVES
Called up share capital 6 106 106
Profit and Loss Account 243,695 183,234
SHAREHOLDERS' FUNDS 243,801 183,340
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 May 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Rachael Lowe
Director
14/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Physiopedia Plus Ltd Registered number 07878211 is a limited by shares company incorporated in England & Wales. The Registered Office is 10 Queen Street Place, London, EC4R 1BE.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Individual annual membership fees are recognised over the period to which they relate according to the type of service provided.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Total
£
Cost
As at 1 June 2023 62,703
As at 31 May 2024 62,703
Depreciation
As at 1 June 2023 30,565
Provided during the period 10,713
As at 31 May 2024 41,278
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 May 2024 21,425
As at 1 June 2023 32,138
5. Debtors
2024 2023
£ £
Due after more than one year
Other debtors 23,236 -
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 106 106
7. Related Party Transactions
8. Ultimate Controlling Party
The company's ultimate controlling parties are the Directors by virtue of their ownership of 100% of the issued share capital in the company.
Page 4