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REGISTERED NUMBER: 06956029 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Watkins Chiropractic Limited

Watkins Chiropractic Limited (Registered number: 06956029)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Watkins Chiropractic Limited

Company Information
for the Year Ended 31 July 2024












REGISTERED OFFICE: 12 Jasmine Way
Bexhill On Sea
East Sussex
TN39 3GJ





REGISTERED NUMBER: 06956029 (England and Wales)





ACCOUNTANTS: Always Accounting Limited
PO Box 242
Heathfied
East Sussex
TN21 1EN

Watkins Chiropractic Limited (Registered number: 06956029)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,012 3,044

CURRENT ASSETS
Debtors 5 10,341 15,764
Cash at bank and in hand 2,317 5,886
12,658 21,650
CREDITORS
Amounts falling due within one year 6 11,415 16,994
NET CURRENT ASSETS 1,243 4,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,255

7,700

CREDITORS
Amounts falling due after more than one year 7 (2,773 ) (7,300 )

PROVISIONS FOR LIABILITIES (135 ) (231 )
NET ASSETS 347 169

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 247 69
347 169

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

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

The director acknowledges her 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.

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 25 April 2025 and were signed by:





Miss W Watkins - Director


Watkins Chiropractic Limited (Registered number: 06956029)

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

1. STATUTORY INFORMATION

Watkins Chiropractic 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 10% on cost
Fixtures and fittings - Straight line over 5 years
Computer equipment - straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Watkins Chiropractic Limited (Registered number: 06956029)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 3,690 5,908 2,327 11,925
DEPRECIATION
At 1 August 2023 1,630 5,035 2,216 8,881
Charge for year 369 552 111 1,032
At 31 July 2024 1,999 5,587 2,327 9,913
NET BOOK VALUE
At 31 July 2024 1,691 321 - 2,012
At 31 July 2023 2,060 873 111 3,044

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Directors' current accounts 9,726 15,266
Prepayments 615 498
10,341 15,764

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 3,080 3,080
Tax 8,335 13,914
11,415 16,994

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans - 1-2 years 2,773 3,080
Bank loans - 2-5 years - 2,778
Accruals and deferred income - 1,442
2,773 7,300

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the start of the year Miss W Watkins, the director and shareholder of the company owed £15,266. During the year the director paid expenses on behalf of the company of £13,098 (2023: £312) and was repaid £7,558 (2023: £4,630) leaving £9,726 (2023: £15,266) owing to the company at the balance sheet date.

This loan is repayable on demand and interest is being charged on a daily basis.