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REGISTERED NUMBER: 06827443 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 March 2024

for

GRAHAM HOLMAN PHYSIOTHERAPY LIMITED

GRAHAM HOLMAN PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 06827443)

Contents of the Financial Statements
for the year ended 30 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GRAHAM HOLMAN PHYSIOTHERAPY LIMITED

Company Information
for the year ended 30 March 2024







Directors: Mr G Holman
Mrs C H Holman





Secretary: Mr G Holman





Registered office: Havering Therapy Centre
94 North Street
Hornchurch
Essex
RM11 1SR





Registered number: 06827443 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

GRAHAM HOLMAN PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 06827443)

Statement of Financial Position
30 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 159,600 167,200
Tangible assets 5 5,453 4,832
165,053 172,032

Current assets
Debtors 6 25,117 9,616
Cash at bank 3,321 8,392
28,438 18,008
Creditors
Amounts falling due within one year 7 143,227 97,690
Net current liabilities (114,789 ) (79,682 )
Total assets less current liabilities 50,264 92,350

Creditors
Amounts falling due after more than one
year

8

(49,168

)

(91,360

)

Provisions for liabilities 10 (1,036 ) (918 )
Net assets 60 72

Capital and reserves
Called up share capital 11 2 2
Retained earnings 58 70
Shareholders' funds 60 72

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

GRAHAM HOLMAN PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 06827443)

Statement of Financial Position - continued
30 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 12 December 2024 and were signed on its behalf by:





Mr G Holman - Director


GRAHAM HOLMAN PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 06827443)

Notes to the Financial Statements
for the year ended 30 March 2024


1. Statutory information

Graham Holman Physiotherapy Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover represents invoiced sale of services.

Turnover is recognised at the point of which the service is performed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of twenty five years.

The purchased goodwill is considered to consist of a number of intangible assets which could not be reliably measured individually, such as methodology, working practices and industry reputation. At acquisition the directors reasonably expect to derive a benefit from this goodwill for a minimum of 25 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 reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

GRAHAM HOLMAN PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 06827443)

Notes to the Financial Statements - continued
for the year ended 30 March 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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 statement of financial position date.

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.

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 - 7 ) .

GRAHAM HOLMAN PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 06827443)

Notes to the Financial Statements - continued
for the year ended 30 March 2024


4. Intangible fixed assets
Goodwill
£   
Cost
At 31 March 2023
and 30 March 2024 190,000
Amortisation
At 31 March 2023 22,800
Amortisation for year 7,600
At 30 March 2024 30,400
Net book value
At 30 March 2024 159,600
At 30 March 2023 167,200

5. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 31 March 2023 846 3,331 6,248 10,425
Additions - - 2,438 2,438
At 30 March 2024 846 3,331 8,686 12,863
Depreciation
At 31 March 2023 212 1,623 3,758 5,593
Charge for year 158 427 1,232 1,817
At 30 March 2024 370 2,050 4,990 7,410
Net book value
At 30 March 2024 476 1,281 3,696 5,453
At 30 March 2023 634 1,708 2,490 4,832

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 23,900 9,438
Other debtors 1,217 178
25,117 9,616

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 9,047 9,047
Trade creditors - 252
Taxation and social security 27,457 39,244
Other creditors 106,723 49,147
143,227 97,690

GRAHAM HOLMAN PHYSIOTHERAPY LIMITED (REGISTERED NUMBER: 06827443)

Notes to the Financial Statements - continued
for the year ended 30 March 2024


8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 26,751 35,943
Other creditors 22,417 55,417
49,168 91,360

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 22,500 22,500
Between one and five years 20,625 43,125
43,125 65,625

10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 1,036 918

Deferred
tax
£   
Balance at 31 March 2023 918
Provided during year 118
Balance at 30 March 2024 1,036

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

12. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the year ended 30 March 2024 and the period ended 30 March 2023:

2024 2023
£    £   
Mr G Holman
Balance outstanding at start of year (10,730 ) 17,242
Amounts advanced 71,089 103,720
Amounts repaid (128,666 ) (131,692 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (68,307 ) (10,730 )