IRIS Accounts Production v24.3.2.46 SC243858 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false 254122 155853 96306 185979 48685 87710 301743 254122 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2438582023-03-31SC2438582024-03-31SC2438582023-04-012024-03-31SC2438582022-03-31SC2438582022-04-012023-03-31SC2438582023-03-31SC243858ns15:Scotland2023-04-012024-03-31SC243858ns14:PoundSterling2023-04-012024-03-31SC243858ns10:Director12023-04-012024-03-31SC243858ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC243858ns10:SmallEntities2023-04-012024-03-31SC243858ns10:AuditExemptWithAccountantsReport2023-04-012024-03-31SC243858ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC243858ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC243858ns10:FullAccounts2023-04-012024-03-31SC24385842ns10:Director22023-03-31SC24385842ns10:Director22022-03-31SC24385842ns10:Director22023-04-012024-03-31SC24385842ns10:Director22022-04-012023-03-31SC24385842ns10:Director22024-03-31SC24385842ns10:Director22023-03-31SC243858ns10:Director22023-04-012024-03-31SC243858ns10:CompanySecretary12023-04-012024-03-31SC243858ns10:RegisteredOffice2023-04-012024-03-31SC243858ns5:CurrentFinancialInstruments2024-03-31SC243858ns5:CurrentFinancialInstruments2023-03-31SC243858ns5:ShareCapital2024-03-31SC243858ns5:ShareCapital2023-03-31SC243858ns5:RetainedEarningsAccumulatedLosses2024-03-31SC243858ns5:RetainedEarningsAccumulatedLosses2023-03-31SC243858ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-04-012024-03-31SC243858ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-012024-03-31SC243858ns5:PlantMachinery2023-04-012024-03-31SC243858ns5:FurnitureFittings2023-04-012024-03-31SC243858ns5:MotorVehicles2023-04-012024-03-31SC243858ns5:LandBuildings2023-03-31SC243858ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-31SC243858ns5:PlantMachinery2023-03-31SC243858ns5:LandBuildings2023-04-012024-03-31SC243858ns5:LandBuildings2024-03-31SC243858ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-31SC243858ns5:PlantMachinery2024-03-31SC243858ns5:LandBuildings2023-03-31SC243858ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-31SC243858ns5:PlantMachinery2023-03-31SC243858ns5:FurnitureFittings2023-03-31SC243858ns5:MotorVehicles2023-03-31SC243858ns5:FurnitureFittings2024-03-31SC243858ns5:MotorVehicles2024-03-31SC243858ns5:FurnitureFittings2023-03-31SC243858ns5:MotorVehicles2023-03-31SC243858ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SC243858ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31SC2438581ns10:Director12023-03-31SC2438581ns10:Director12022-03-31SC2438581ns10:Director12023-04-012024-03-31SC2438581ns10:Director12022-04-012023-03-31SC2438581ns10:Director12024-03-31SC2438581ns10:Director12023-03-31
REGISTERED NUMBER: SC243858 (Scotland)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Highland Chiropractic Clinic Ltd.

Highland Chiropractic Clinic Ltd. (Registered number: SC243858)

Contents of the Financial Statements
for the year ended 31st March 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Highland Chiropractic Clinic Ltd.

Company Information
for the year ended 31st March 2024







Directors: V A Pearce
E F Pearce





Secretary: E F Pearce





Registered office: 8 Abban Street
Inverness
IV3 8HH





Registered number: SC243858 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Highland Chiropractic Clinic Ltd.


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Highland Chiropractic Clinic Ltd. for the year ended 31st March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Highland Chiropractic Clinic Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Highland Chiropractic Clinic Ltd. and state those matters that we have agreed to state to the Board of Directors of Highland Chiropractic Clinic Ltd., as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Highland Chiropractic Clinic Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Highland Chiropractic Clinic Ltd.. You consider that Highland Chiropractic Clinic Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Highland Chiropractic Clinic Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


Date: .............................................

Highland Chiropractic Clinic Ltd. (Registered number: SC243858)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 192,789 75,325

Current assets
Stocks 4,795 4,660
Debtors 5 331,853 336,629
Cash at bank and in hand 150,784 300,490
487,432 641,779
Creditors
Amounts falling due within one year 6 29,048 55,869
Net current assets 458,384 585,910
Total assets less current liabilities 651,173 661,235

Provisions for liabilities 5,171 5,414
Net assets 646,002 655,821

Capital and reserves
Called up share capital 100 100
Retained earnings 645,902 655,721
646,002 655,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

Highland Chiropractic Clinic Ltd. (Registered number: SC243858)

Balance Sheet - continued
31st March 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 20th January 2025 and were signed on its behalf by:





E F Pearce - Director


Highland Chiropractic Clinic Ltd. (Registered number: SC243858)

Notes to the Financial Statements
for the year ended 31st March 2024


1. Statutory information

Highland Chiropractic Clinic Ltd. is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - No depreciation
Long leasehold - 2% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 33% on cost and 15% on reducing balance
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Highland Chiropractic Clinic Ltd. (Registered number: SC243858)

Notes to the Financial Statements - continued
for the year ended 31st March 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.

Fair value
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3. Employees and directors

The average number of employees during the year was 9 (2023 - 8 ) .

4. Tangible fixed assets
Freehold Long Plant and
property leasehold machinery
£    £    £   
Cost
At 1st April 2023 - 68,064 64,275
Additions 121,471 - 2,752
Disposals - - (3,824 )
At 31st March 2024 121,471 68,064 63,203
Depreciation
At 1st April 2023 - 21,236 61,368
Charge for year - 1,361 1,548
Eliminated on disposal - - (3,060 )
At 31st March 2024 - 22,597 59,856
Net book value
At 31st March 2024 121,471 45,467 3,347
At 31st March 2023 - 46,828 2,907

Highland Chiropractic Clinic Ltd. (Registered number: SC243858)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


4. Tangible fixed assets - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1st April 2023 28,912 27,017 188,268
Additions - 7,319 131,542
Disposals (5,012 ) - (8,836 )
At 31st March 2024 23,900 34,336 310,974
Depreciation
At 1st April 2023 24,710 5,629 112,943
Charge for year 1,124 8,584 12,617
Eliminated on disposal (4,315 ) - (7,375 )
At 31st March 2024 21,519 14,213 118,185
Net book value
At 31st March 2024 2,381 20,123 192,789
At 31st March 2023 4,202 21,388 75,325

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 2,015 2,246
Other debtors 329,838 334,383
331,853 336,629

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 10,461 3,723
Taxation and social security 12,240 46,851
Other creditors 6,347 5,295
29,048 55,869

Highland Chiropractic Clinic Ltd. (Registered number: SC243858)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


7. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
E F Pearce and V A Pearce
Balance outstanding at start of year 254,122 155,853
Amounts advanced 96,306 185,979
Amounts repaid (48,685 ) (87,710 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 301,743 254,122

Loans to the directors attract interest at a rate of 3% per annum. They are unsecured and have no fixed terms of repayment.