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Independent Speech & Language Therapy Services Ltd
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Notes to the financial statements
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for the year ended 31 March 2025
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1
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Company information
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Independent Speech & Language Therapy Services Ltd is a private company registered in England and
Wales. Its registered number is 05280034. The company is limited by shares. Its registered office is 10a
Castle Meadow, Norwich, Norfolk, NR1 3DE.
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2
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Accounting policies
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Basis of preparing the financial statements
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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 historic cost convention.
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Going concern
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In preparing these financial statements, the directors have assessed whether there are any material
uncertainties related to events or conditions that cast significant doubt upon the company's ability to
continue as a going concern. In making this assessment, the directors take into account all available
information about the future which is at least 12 months from the date that the financial statements are
authorised for issue.
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The directors consider that the company has adequate resources to continue in business for the
foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial
statements.
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Turnover
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Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, Value Added Tax and other sales taxes.
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Taxation
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Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss
account, except to the extent that it relates to items recognised in other comprehensive income or
directly in equity.
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Current or deferred taxation assets and liabilities are not discounted.
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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 balance sheet date.
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Deferred taxation
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Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.
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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 been enacted or substantively enacted by the balance sheet date and that
are expected to apply to the reversal of the timing difference.
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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3
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