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REGISTERED NUMBER: 05614437







Unaudited Financial Statements

for the Year Ended 31 May 2024

for

The Cherington Practice Limited

The Cherington Practice Limited (Registered number: 05614437)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Cherington Practice Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs C Patterson
R M Patterson





REGISTERED OFFICE: The Old Surgery
55 Fallodon Way
Henleaze
Bristol
BS9 4HR





REGISTERED NUMBER: 05614437





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

The Cherington Practice Limited (Registered number: 05614437)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 23,070 31,151
23,070 31,151

CURRENT ASSETS
Debtors 6 15,315 11,929
Cash at bank 27,169 43,122
42,484 55,051
CREDITORS
Amounts falling due within one year 7 42,055 43,896
NET CURRENT ASSETS 429 11,155
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,499

42,306

CREDITORS
Amounts falling due after more than one
year

8

(18,454

)

(34,610

)

PROVISIONS FOR LIABILITIES (1,622 ) (1,729 )
NET ASSETS 3,423 5,967

The Cherington Practice Limited (Registered number: 05614437)

Statement of Financial Position - continued
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,323 5,867
SHAREHOLDERS' FUNDS 3,423 5,967

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

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

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 Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





Mrs C Patterson - Director


The Cherington Practice Limited (Registered number: 05614437)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

The Cherington Practice Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, 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.
Improvements to property - Over period of lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


The Cherington Practice Limited (Registered number: 05614437)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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 statement of financial position 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 46,050
AMORTISATION
At 1 June 2023
and 31 May 2024 46,050
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

The Cherington Practice Limited (Registered number: 05614437)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 167,998
Additions 758
At 31 May 2024 168,756
DEPRECIATION
At 1 June 2023 136,847
Charge for year 8,839
At 31 May 2024 145,686
NET BOOK VALUE
At 31 May 2024 23,070
At 31 May 2023 31,151

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 13,796 11,143
Other debtors 1,519 786
15,315 11,929

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 16,695 23,814
Trade creditors 3,280 3,349
Taxation and social security 3,960 5,589
Other creditors 18,120 11,144
42,055 43,896

The Cherington Practice Limited (Registered number: 05614437)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 18,454 34,610

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company entered into the following transactions with the directors:



20242023

Dividends paid34,00032,000

Capital introduced/(withdrawn)6,2541,752

At the period end, the amount due to the director was £9,177 (2023: £2,923).