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REGISTERED NUMBER: 05253575 (England and Wales)















Unaudited Financial Statements

For The Period 1 April 2023 to 22 March 2024

for

The Sports Injury & Wellness Centres Ltd

The Sports Injury & Wellness Centres Ltd (Registered number: 05253575)






Contents of the Financial Statements
For The Period 1 April 2023 to 22 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Sports Injury & Wellness Centres Ltd

Company Information
For The Period 1 April 2023 to 22 March 2024







DIRECTOR: L M Rowland





REGISTERED OFFICE: Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE





REGISTERED NUMBER: 05253575 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

The Sports Injury & Wellness Centres Ltd (Registered number: 05253575)

Balance Sheet
22 March 2024

22.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,081 8,905
9,081 8,905

CURRENT ASSETS
Stocks 100 100
Debtors 6 - 247
Cash at bank 6,889 11,844
6,989 12,191
CREDITORS
Amounts falling due within one year 7 73,502 51,729
NET CURRENT LIABILITIES (66,513 ) (39,538 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(57,432

)

(30,633

)

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 (57,433 ) (30,634 )
SHAREHOLDERS' FUNDS (57,432 ) (30,633 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 22 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 22 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 March 2025 and were signed by:




L M Rowland - Director


The Sports Injury & Wellness Centres Ltd (Registered number: 05253575)

Notes to the Financial Statements
For The Period 1 April 2023 to 22 March 2024

1. STATUTORY INFORMATION

The Sports Injury & Wellness Centres Ltd 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.

Going concern
Although the balance sheet is overdrawn, the accounts are prepared on a going concern basis as it is the director's view that the company can meet its obligations for the foreseeable future. The director will continue to support the company through the director's loan account.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and is recognised as services are provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of fifteen years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 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 represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

The Sports Injury & Wellness Centres Ltd (Registered number: 05253575)

Notes to the Financial Statements - continued
For The Period 1 April 2023 to 22 March 2024

2. ACCOUNTING POLICIES - continued

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 22 March 2024 15,000
AMORTISATION
At 1 April 2023
and 22 March 2024 15,000
NET BOOK VALUE
At 22 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 15,503 16,413 14,541 46,457
Additions 4,679 - - 4,679
At 22 March 2024 20,182 16,413 14,541 51,136
DEPRECIATION
At 1 April 2023 9,248 16,413 11,891 37,552
Charge for period 3,620 - 883 4,503
At 22 March 2024 12,868 16,413 12,774 42,055
NET BOOK VALUE
At 22 March 2024 7,314 - 1,767 9,081
At 31 March 2023 6,255 - 2,650 8,905

The Sports Injury & Wellness Centres Ltd (Registered number: 05253575)

Notes to the Financial Statements - continued
For The Period 1 April 2023 to 22 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
22.3.24 31.3.23
£    £   
Other debtors - 247

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
22.3.24 31.3.23
£    £   
Social security and other taxes 578 -
Other creditors 2,092 -
Directors' current accounts 63,370 45,130
Accrued expenses 7,462 6,599
73,502 51,729

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 22.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 April 2023 (30,634 )
Deficit for the period (26,799 )
At 22 March 2024 (57,433 )