Registered number
06963069
Lakky Physio Ltd
Filleted Accounts
31 July 2024
Lakky Physio Ltd
Registered number: 06963069
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,271 4,362
Current assets
Debtors 4 69,500 -
Cash at bank and in hand 134,407 121,202
203,907 121,202
Creditors: amounts falling due within one year 5 (109,717) (79,121)
Net current assets 94,190 42,081
Total assets less current liabilities 97,461 46,443
Creditors: amounts falling due after more than one year 6 (37,906) (43,864)
Net assets 59,555 2,579
Capital and reserves
Called up share capital 1 1
Profit and loss account 59,554 2,578
Shareholder's funds 59,555 2,579
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Venkata Lakky
Director
Approved by the board on 19 March 2025
Lakky Physio Ltd
Notes to the Accounts
for the year ended 31 July 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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, fittings & 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 August 2023 19,799
At 31 July 2024 19,799
Depreciation
At 1 August 2023 15,437
Charge for the year 1,091
At 31 July 2024 16,528
Net book value
At 31 July 2024 3,271
At 31 July 2023 4,362
4 Debtors 2024 2023
£ £
Other debtors 69,500 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 76,901 48,706
Obligations under finance lease and hire purchase contracts - 420
Accrued charges 1,020 1,020
Taxation and social security costs 31,796 28,975
109,717 79,121
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 37,906 43,864
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 37,906 43,864
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Venkata Lakky
The director borrowed £69,500 from the company. Informal repayment terms of nine months have been put in place with the company and an interest charge to the director of 2.25% has been applied. - 69,500 - 69,500
- 69,500 - 69,500
9 Controlling party
The director, Venkata lakky, holds a 100% beneficial interest in the share capital of the company.
10 Other information
Lakky Physio Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Arena Business Centre
The Square
Basing View Basingstoke
RG21 4EB
Lakky Physio Ltd 06963069 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts July 2024 Venkata Lakky No description of principal activity 06963069 2022-08-01 2023-07-31 06963069 core:WithinOneYear 2023-07-31 06963069 core:AfterOneYear 2023-07-31 06963069 core:ShareCapital 2023-07-31 06963069 core:RetainedEarningsAccumulatedLosses 2023-07-31 06963069 2023-08-01 2024-07-31 06963069 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06963069 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 06963069 bus:Director40 2023-08-01 2024-07-31 06963069 1 2023-08-01 2024-07-31 06963069 2 2023-08-01 2024-07-31 06963069 core:PlantMachinery 2023-08-01 2024-07-31 06963069 bus:Director1 2023-08-01 2024-07-31 06963069 bus:Director1 1 2023-08-01 2024-07-31 06963069 countries:England 2023-08-01 2024-07-31 06963069 bus:FRS102 2023-08-01 2024-07-31 06963069 bus:FilletedAccounts 2023-08-01 2024-07-31 06963069 2024-07-31 06963069 core:WithinOneYear 2024-07-31 06963069 core:AfterOneYear 2024-07-31 06963069 core:ShareCapital 2024-07-31 06963069 core:RetainedEarningsAccumulatedLosses 2024-07-31 06963069 core:PlantMachinery 2024-07-31 06963069 bus:Director1 1 2024-07-31 06963069 2023-07-31 06963069 core:PlantMachinery 2023-07-31 06963069 bus:Director1 1 2023-07-31 iso4217:GBP xbrli:pure