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Company No: 10750434 (England and Wales)

CLEVEDON CHIROPRACTIC CLINIC LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

CLEVEDON CHIROPRACTIC CLINIC LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

CLEVEDON CHIROPRACTIC CLINIC LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
CLEVEDON CHIROPRACTIC CLINIC LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 4 67,044 53,250
67,044 53,250
Current assets
Debtors 5 2,241 5,970
Cash at bank and in hand 14,038 8,172
16,279 14,142
Creditors: amounts falling due within one year 6 ( 173,604) ( 111,553)
Net current liabilities (157,325) (97,411)
Total assets less current liabilities (90,281) (44,161)
Creditors: amounts falling due after more than one year 7 ( 795) ( 5,565)
Net liabilities ( 91,076) ( 49,726)
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account ( 91,176 ) ( 49,826 )
Total shareholder's deficit ( 91,076) ( 49,726)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Clevedon Chiropractic Clinic Limited (registered number: 10750434) were approved and authorised for issue by the Director on 25 June 2025. They were signed on its behalf by:

H C Hurst
Director
CLEVEDON CHIROPRACTIC CLINIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
CLEVEDON CHIROPRACTIC CLINIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Clevedon Chiropractic Clinic Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 47 Hill Road, Clevedon, BS21 7PD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £91,076. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Leasehold improvements depreciated over the life of the lease
Plant and machinery 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 25 % reducing balance
Computer equipment 25 % reducing balance
Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 5 4

3. Intangible assets

Website costs Total
£ £
Cost
At 01 April 2024 1,547 1,547
At 31 March 2025 1,547 1,547
Accumulated amortisation
At 01 April 2024 1,547 1,547
At 31 March 2025 1,547 1,547
Net book value
At 31 March 2025 0 0
At 31 March 2024 0 0

4. Tangible assets

Leasehold improve-
ments
Plant and machinery Fixtures and fittings Office equipment Computer equipment Total
£ £ £ £ £ £
Cost
At 01 April 2024 0 43,137 3,460 43,236 0 89,833
Additions 28,807 0 0 121 1,730 30,658
At 31 March 2025 28,807 43,137 3,460 43,357 1,730 120,491
Accumulated depreciation
At 01 April 2024 0 20,728 2,671 13,184 0 36,583
Charge for the financial year 3,422 5,602 197 7,533 110 16,864
At 31 March 2025 3,422 26,330 2,868 20,717 110 53,447
Net book value
At 31 March 2025 25,385 16,807 592 22,640 1,620 67,044
At 31 March 2024 0 22,409 789 30,052 0 53,250

5. Debtors

2025 2024
£ £
Trade debtors 171 238
Accrued income 597 1,897
Other taxation and social security ( 396) 2,374
Other debtors 1,869 1,461
2,241 5,970

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 4,760 4,770
Trade creditors 2,358 3,754
Amounts owed to director 122,958 52,667
Accruals and deferred income 15,805 18,513
Other creditors 27,723 31,849
173,604 111,553

7. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 795 5,565

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2025 2024
£ £
within one year 21,000 21,000
between one and five years 21,000 42,000
42,000 63,000

10. Related party transactions

Transactions with the entity's director

2025 2024
£ £
Amounts owed to director 122,958 52,667

This amount is interest free and has no fixed date for repayment.