Company registration number 05922924 (England and Wales)
BEARD MILL CLINIC LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
BEARD MILL CLINIC LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
BEARD MILL CLINIC LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
52,182
66,233
Current assets
Debtors
4
19,613
36,810
Cash at bank and in hand
818,432
795,708
838,045
832,518
Creditors: amounts falling due within one year
5
(30,544)
(54,423)
Net current assets
807,501
778,095
Net assets
859,683
844,328
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
859,583
844,228
Total equity
859,683
844,328

For the financial year ended 31 December 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 April 2025 and are signed on its behalf by:
Dr V C F Heath
Director
Company registration number 05922924 (England and Wales)
BEARD MILL CLINIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Beard Mill Clinic Limited is a private company limited by shares incorporated in England and Wales. The registered office is 30 Upper High Street, Thame, Oxfordshire, OX9 3EZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents fees received for services provided during the year.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and equipment
20% straight line basis
Fixtures and fittings
25% straight line basis
Motor vehicles
20% straight line basis
Office equipment
25% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

BEARD MILL CLINIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Retirement benefits

Contributions paid to employee's pension schemes are charged to the profit and loss account in the period to which they relate.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 5 (2023: 5)

3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Office equipment
Total
£
£
£
£
£
Cost
At 1 January 2024
104,054
22,558
21,040
18,740
166,392
Additions
-
0
189
-
0
2,312
2,501
Disposals
-
0
-
0
-
0
(7,188)
(7,188)
At 31 December 2024
104,054
22,747
21,040
13,864
161,705
Depreciation and impairment
At 1 January 2024
59,893
21,820
1,403
17,043
100,159
Depreciation charged in the year
10,815
292
4,208
1,134
16,449
Eliminated in respect of disposals
-
0
-
0
-
0
(7,085)
(7,085)
At 31 December 2024
70,708
22,112
5,611
11,092
109,523
Carrying amount
At 31 December 2024
33,346
635
15,429
2,772
52,182
At 31 December 2023
44,161
738
19,637
1,697
66,233
BEARD MILL CLINIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
240
-
0
Prepayments and accrued income
19,373
36,810
19,613
36,810
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
3,387
1,306
Other creditors
22,837
48,947
Accruals and deferred income
4,320
4,170
30,544
54,423
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