Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 07401433 Mr Mehulkumar Amin Mr Timir Garala Mr Mehulkumar Amin and Mr Timir Garala true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07401433 2023-10-31 07401433 2024-10-31 07401433 2023-11-01 2024-10-31 07401433 frs-core:CurrentFinancialInstruments 2024-10-31 07401433 frs-core:Non-currentFinancialInstruments 2024-10-31 07401433 frs-core:ComputerEquipment 2023-11-01 2024-10-31 07401433 frs-core:FurnitureFittings 2023-11-01 2024-10-31 07401433 frs-core:PlantMachinery 2024-10-31 07401433 frs-core:PlantMachinery 2023-11-01 2024-10-31 07401433 frs-core:PlantMachinery 2023-10-31 07401433 frs-core:ShareCapital 2024-10-31 07401433 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 07401433 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07401433 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 07401433 frs-bus:SmallEntities 2023-11-01 2024-10-31 07401433 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 07401433 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 07401433 1 2023-11-01 2024-10-31 07401433 frs-bus:Director1 2023-11-01 2024-10-31 07401433 frs-bus:Director2 2023-11-01 2024-10-31 07401433 frs-countries:EnglandWales 2023-11-01 2024-10-31 07401433 2022-10-31 07401433 2023-10-31 07401433 2022-11-01 2023-10-31 07401433 frs-core:CurrentFinancialInstruments 2023-10-31 07401433 frs-core:Non-currentFinancialInstruments 2023-10-31 07401433 frs-core:ShareCapital 2023-10-31 07401433 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 07401433
Physiobeats Ltd
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07401433
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,277 10,555
10,277 10,555
CURRENT ASSETS
Debtors 5 635,689 555,885
Cash at bank and in hand 318,334 167,783
954,023 723,668
Creditors: Amounts Falling Due Within One Year 6 (108,717 ) (12,305 )
NET CURRENT ASSETS (LIABILITIES) 845,306 711,363
TOTAL ASSETS LESS CURRENT LIABILITIES 855,583 721,918
Creditors: Amounts Falling Due After More Than One Year 7 (160,332 ) (147,660 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (2,569 ) (2,005 )
NET ASSETS 692,682 572,253
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 692,582 572,153
SHAREHOLDERS' FUNDS 692,682 572,253
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For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mehulkumar Amin
Director
03/06/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Physiobeats Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07401433 . The registered office is 112 Hollyhedge Road, West Bomwich, West Midlands, B71 3AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of services supplied by the company.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 50% on cost
Fixtures & Fittings 50% on cost
Computer Equipment 50% on cost
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 16)
17 16
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4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 November 2023 48,520
Additions 10,000
As at 31 October 2024 58,520
Depreciation
As at 1 November 2023 37,965
Provided during the period 10,278
As at 31 October 2024 48,243
Net Book Value
As at 31 October 2024 10,277
As at 1 November 2023 10,555
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 204,972 167,068
Prepayments and accrued income - 8,004
Other taxes and social security - 45
204,972 175,117
Due after more than one year
Other debtors 430,717 380,768
635,689 555,885
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 70,446 -
Bank loans and overdrafts 658 -
Corporation tax 24,984 -
Other creditors 1,053 964
Directors' loan accounts 11,576 11,341
108,717 12,305
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 32,332 37,660
Other creditors 128,000 110,000
160,332 147,660
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 2,569 2,005
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Breakdown of other debtors  and creditors more than one year;
  • Other debtors  -  £430,717 
  • Other creditors -  £128,000
Mehulkumar AminDirectorIncluded within the other debtors more than one year is a loan of £15,717 given to the director at the interest rate of 3% per annum.

Mehulkumar Amin

Director

Included within the other debtors more than one year is a loan of £15,717 given to the director at the interest rate of 3% per annum.

A-Z Physio Ltd - Company number 08753219A company related by a common directorIncluded within the other creditors more than one year is a loan from A-Z Physio Ltd (Company number 08753219) of £80,000. The loan is repayable on demand.

A-Z Physio Ltd - Company number 08753219

A company related by a common director

Included within the other creditors more than one year is a loan from A-Z Physio Ltd (Company number 08753219) of £80,000. The loan is repayable on demand.

Garam Investments Ltd - Company number 10239471A company related by common people with significant control and directors.Included within other debtors more than one year is a loan of £415,000 to Garam Investments Ltd (Company number 10239471). The loan is repayable on demand.

Garam Investments Ltd - Company number 10239471

A company related by common people with significant control and directors.

Included within other debtors more than one year is a loan of £415,000 to Garam Investments Ltd (Company number 10239471). The loan is repayable on demand.

Varya Ltd - Company number 08147762A company related by a common directorIncluded within the other creditors more than one year is a loan from Varya Ltd (Company number 08147762) of £48,000. The loan is repayable on demand.

Varya Ltd - Company number 08147762

A company related by a common director

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Included within the other creditors more than one year is a loan from Varya Ltd (Company number 08147762) of £48,000. The loan is repayable on demand.

11. Ultimate Controlling Party
The company's ultimate controlling party are Mr Mehulkumar Amin and Mr Timir Garala by virtue of their ownership of 100% of the issued share capital in the company.
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