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REGISTERED NUMBER: 07425079 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Prime Physio Limited

Prime Physio Limited (Registered number: 07425079)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Prime Physio Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mrs S Galbraith
Mr A Galbraith





REGISTERED OFFICE: Church Barn
Old Farm Business Centre
Church Road
Toft
Cambridgeshire
CB23 2RF





REGISTERED NUMBER: 07425079 (England and Wales)






Prime Physio Limited (Registered number: 07425079)

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 33,450 14,386

CURRENT ASSETS
Debtors 5 40,683 20,735
Cash at bank 7,426 62,828
48,109 83,563
CREDITORS
Amounts falling due within one year 6 3,260 9,131
NET CURRENT ASSETS 44,849 74,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,299

88,818

CREDITORS
Amounts falling due after more than one
year

7

(20,122

)

(30,979

)

PROVISIONS FOR LIABILITIES (7,901 ) (3,398 )
NET ASSETS 50,276 54,441

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 50,176 54,341
50,276 54,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Prime Physio Limited (Registered number: 07425079)

Statement of Financial Position - continued
31 March 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by:




Mr A Galbraith - Director



Mrs S Galbraith - Director


Prime Physio Limited (Registered number: 07425079)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Prime Physio 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on cost

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Prime Physio Limited (Registered number: 07425079)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of
business.

Trade debtors are recognised at the transaction price. They are reviewed periodically for recoverability and provisions for doubtful debts are made when considered necessary.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2024 - 76,754 2,152 78,906
Additions 14,177 - 14,373 28,550
At 31 March 2025 14,177 76,754 16,525 107,456
DEPRECIATION
At 1 April 2024 - 62,623 1,897 64,520
Charge for year 2,512 3,533 3,441 9,486
At 31 March 2025 2,512 66,156 5,338 74,006
NET BOOK VALUE
At 31 March 2025 11,665 10,598 11,187 33,450
At 31 March 2024 - 14,131 255 14,386

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 25,190 6,635
Amounts owed by group undertakings 227 -
Other debtors 15,266 14,100
40,683 20,735

Prime Physio Limited (Registered number: 07425079)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors (2 ) 324
Taxation and social security - (958 )
Other creditors 3,262 9,765
3,260 9,131

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Taxation and social security 20,122 30,979

8. OFF-BALANCE SHEET ARRANGEMENTS

The total amount of financial commitments that are not included in the balance sheet is £126,232 (2024 - £157,790). Of this amount £31,558 is due within 1 year and £94,674 (2024: £126,232) is due within 2-5 years.