COMPLETE FOOTCARE CLINIC LTD |
Registered number: |
07659824 |
Balance Sheet |
as at 30 June 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Intangible assets |
3 |
|
|
52,500 |
|
|
60,000 |
Tangible assets |
4 |
|
|
4,146 |
|
|
4,825 |
|
|
|
|
56,646 |
|
|
64,825 |
|
Current assets |
Debtors |
5 |
|
2,494 |
|
|
2,607 |
Cash at bank and in hand |
|
|
230,371 |
|
|
233,047 |
|
|
|
232,865 |
|
|
235,654 |
|
Creditors: amounts falling due within one year |
6 |
|
(56,733) |
|
|
(48,483) |
|
Net current assets |
|
|
|
176,132 |
|
|
187,171 |
|
Total assets less current liabilities |
|
|
|
232,778 |
|
|
251,996 |
|
Creditors: amounts falling due after more than one year |
7 |
|
|
(8,250) |
|
|
(17,250) |
|
|
|
Net assets |
|
|
|
224,528 |
|
|
234,746 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
224,428 |
|
|
234,646 |
|
Shareholders' funds |
|
|
|
224,528 |
|
|
234,746 |
|
|
|
|
|
|
|
|
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. |
|
|
|
|
Mr M Patel |
Director |
Approved by the board on 18 March 2025 |
|
COMPLETE FOOTCARE CLINIC LTD |
Notes to the Accounts |
for the year ended 30 June 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 represents the value of work carried out in respect of chiropody services provided to patients. |
|
|
Grant Income |
|
Grants which relate to revenue are recognised in income in the period the related costs are incurred by the entity for which the grant is intended to compensate. For grants which are received by the entity for compensation for expenses or losses which have already been incurred, the grant is recognised in income when it is received or receivable. |
|
|
Intangible fixed assets |
|
Goodwill Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill recognised at acquisition is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis over its useful life, which is estimated to be twenty years. Goodwill amortisation is charged on a straight line basis so as to write off the cost of the asset, less its residual value assumed to be zero, over its useful economic life, which is estimated to be twenty years. Goodwill amortisation is included in administrative expenses in the statement of comprehensive income. |
|
|
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: |
|
|
Fixtures and equipment |
25% reducing balance |
|
|
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 |
7 |
|
6 |
|
|
|
|
|
|
|
|
|
|
3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 July 2023 |
150,000 |
|
At 30 June 2024 |
150,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 July 2023 |
90,000 |
|
Provided during the year |
7,500 |
|
At 30 June 2024 |
97,500 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2024 |
52,500 |
|
At 30 June 2023 |
60,000 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years. The remaining amortisation period of goodwill is 7 years. |
|
|
4 |
Tangible fixed assets |
|
|
|
|
Improvement to premises |
|
Fixtures and equipment |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 July 2023 |
2,160 |
|
8,521 |
|
10,681 |
|
Disposals |
- |
|
(550) |
|
(550) |
|
At 30 June 2024 |
2,160 |
|
7,971 |
|
10,131 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2023 |
- |
|
5,856 |
|
5,856 |
|
Charge for the year |
- |
|
662 |
|
662 |
|
On disposals |
- |
|
(533) |
|
(533) |
|
At 30 June 2024 |
- |
|
5,985 |
|
5,985 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2024 |
2,160 |
|
1,986 |
|
4,146 |
|
At 30 June 2023 |
2,160 |
|
2,665 |
|
4,825 |
|
|
5 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Other debtors |
2,494 |
|
2,607 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans and overdrafts |
9,000 |
|
9,000 |
|
Taxation and social security costs |
23,800 |
|
15,109 |
|
Other creditors |
23,933 |
|
24,374 |
|
|
|
|
|
|
56,733 |
|
48,483 |
|
|
|
|
|
|
|
|
|
|
7 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans |
8,250 |
|
17,250 |
|
|
|
|
|
|
|
|
|
|
8 |
Controlling party |
|
|
The ultimate controlling party were Mr M Patel and Mrs Y Patel, directors and shareholders of the company. |
|
|
9 |
Other information |
|
|
COMPLETE FOOTCARE CLINIC LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
6 Onslow Road |
|
Guildford |
|
Surrey |
|
GU1 4HU |