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REGISTERED NUMBER: 05851636 (England and Wales)










Unaudited Financial Statements

for the Year Ended

31 December 2024

for

PHYSIO2GO LIMITED

PHYSIO2GO LIMITED (REGISTERED NUMBER: 05851636)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHYSIO2GO LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTOR: PT Carter





REGISTERED OFFICE: York Lodge
St Peters Street
St Albans
AL1 3HD





REGISTERED NUMBER: 05851636 (England and Wales)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

PHYSIO2GO LIMITED (REGISTERED NUMBER: 05851636)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,432 17,970
15,432 17,970

CURRENT ASSETS
Stocks 6 1,211 1,493
Debtors 7 5,443 5,444
Cash at bank and in hand 71,403 91,733
78,057 98,670
CREDITORS
Amounts falling due within one year 8 (7,347 ) (7,744 )
NET CURRENT ASSETS 70,710 90,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,142

108,896

CREDITORS
Amounts falling due after more than one
year

9

(7,083

)

(12,083

)
NET ASSETS 79,059 96,813

CAPITAL AND RESERVES
Called up share capital 10 6 6
Retained earnings 11 79,053 96,807
SHAREHOLDERS' FUNDS 79,059 96,813

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PHYSIO2GO LIMITED (REGISTERED NUMBER: 05851636)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 April 2025 and were signed by:





PT Carter - Director


PHYSIO2GO LIMITED (REGISTERED NUMBER: 05851636)

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

1. STATUTORY INFORMATION

Physio2go 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.

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.

The Directors consider the profit for the year to be acceptable considering the company has been incurring losses for the past 9 years and that it is within the budgeted business plan. The Directors have taken steps to reduce future losses and have adequate financing available to them to sustain the company's trading position until profitability is sustained. For this reason they consider it appropriate to prepare the accounts on a going concern basis.

Turnover
Turnover represents amounts receivable for services provided

Goodwill
Goodwill arising on an acquisition of trade undertaking is the difference between the fair value of the consideration paid and the fair value of the assets and liabilities acquired. It is capitalised and amortised through the profit and loss account over the directors' estimate of its useful economic life, a period of 5 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.

Computer software costs have been capitalised and amortised over 4 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value. Cost is based on the cost of purchase on a first in, first out basis. Net realisable value is based on estimated selling price less additional costs to completion and disposal.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.

PHYSIO2GO LIMITED (REGISTERED NUMBER: 05851636)

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

2. ACCOUNTING POLICIES - continued

Dividends
Dividends on shares wholly recognised as liabilities are recognised as expenses and classified within interest payable.

Financial liability and equity
Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form

Deferred taxation
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that the recognition of deferred tax assets is limited to the extent that the company anticipates making sufficient taxable profits in the future to absorb the reversal of the underlying timing differences.

Deferred tax balances are not discounted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 234,274 4,766 239,040
AMORTISATION
At 1 January 2024
and 31 December 2024 234,274 4,766 239,040
NET BOOK VALUE
At 31 December 2024 - - -
At 31 December 2023 - - -

PHYSIO2GO LIMITED (REGISTERED NUMBER: 05851636)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 19,194 18,369 11,261 48,824
Additions - - 2,315 2,315
At 31 December 2024 19,194 18,369 13,576 51,139
DEPRECIATION
At 1 January 2024 4,799 16,857 9,198 30,854
Charge for year 3,599 378 876 4,853
At 31 December 2024 8,398 17,235 10,074 35,707
NET BOOK VALUE
At 31 December 2024 10,796 1,134 3,502 15,432
At 31 December 2023 14,395 1,512 2,063 17,970

6. STOCKS
2024 2023
£    £   
Stocks 1,211 1,493

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,505 3,672
Prepayments 1,938 1,772
5,443 5,444

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes 2,744 5,028
Accrued expenses 4,603 2,716
7,347 7,744

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bounce Back Loan 7,083 12,083

PHYSIO2GO LIMITED (REGISTERED NUMBER: 05851636)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
600 Ordinary Shares £0.01 6 6

11. RESERVES
Retained
earnings
£   

At 1 January 2024 96,807
Deficit for the year (8,754 )
Dividends (9,000 )
At 31 December 2024 79,053