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Company Registration No. SC541106 (Scotland)
Podiatry Plus Edinburgh Ltd Unaudited accounts for the year ended 31 July 2024
Podiatry Plus Edinburgh Ltd Unaudited accounts Contents
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Podiatry Plus Edinburgh Ltd Company Information for the year ended 31 July 2024
Directors
Angela Gallacher Michael Gallacher
Company Number
SC541106 (Scotland)
Registered Office
43 Comiston Road Edinburgh EH10 6AB Scotland
Accountants
Hive Accounting Barnfield Penshurst Road Speldhurst Kent TN3 0PH
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Podiatry Plus Edinburgh Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
183,113 
176,563 
Current assets
Inventories
5,200 
2,000 
Debtors
14,500 
6,164 
Cash at bank and in hand
190,340 
159,916 
210,040 
168,080 
Creditors: amounts falling due within one year
(88,260)
(53,434)
Net current assets
121,780 
114,646 
Total assets less current liabilities
304,893 
291,209 
Creditors: amounts falling due after more than one year
(8,250)
(17,250)
Provisions for liabilities
Deferred tax
(45,778)
(44,141)
Net assets
250,865 
229,818 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
250,765 
229,718 
Shareholders' funds
250,865 
229,818 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by
Angela Gallacher Director Company Registration No. SC541106
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Podiatry Plus Edinburgh Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Podiatry Plus Edinburgh Ltd is a private company, limited by shares, registered in Scotland, registration number SC541106. The registered office is 43 Comiston Road, Edinburgh, EH10 6AB, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. 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. Turnover is only recognised to the extent of the recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
Tangible assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & machinery
10% reducing balance
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Podiatry Plus Edinburgh Ltd Notes to the Accounts for the year ended 31 July 2024
Taxation
The corporation tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for corporation tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financila statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that such sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2023
229,878 
Additions
25,382 
At 31 July 2024
255,260 
Depreciation
At 1 August 2023
53,315 
Charge for the year
18,832 
At 31 July 2024
72,147 
Net book value
At 31 July 2024
183,113 
At 31 July 2023
176,563 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,679 
5,225 
Other debtors
821 
939 
14,500 
6,164 
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Podiatry Plus Edinburgh Ltd Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,000 
9,000 
Trade creditors
6,768 
4,385 
Taxes and social security
21,250 
33,987 
Other creditors
14,594 
1,545 
Loans from directors
36,648 
4,517 
88,260 
53,434 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,250 
17,250 
8
Average number of employees
During the year the average number of employees was 13 (2023: 13).
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