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REGISTERED NUMBER: 09391315 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 January 2025

for

Wallace Chiropractic Limited

Wallace Chiropractic Limited (Registered number: 09391315)






Contents of the Financial Statements
For The Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wallace Chiropractic Limited

Company Information
For The Year Ended 31 January 2025







DIRECTOR: E A Wallace





REGISTERED OFFICE: 53 Stepgates
Chertsey
Surrey
KT16 8HT





REGISTERED NUMBER: 09391315 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

Wallace Chiropractic Limited (Registered number: 09391315)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 45,733 37,606
45,733 37,606

CURRENT ASSETS
Debtors 6 4,322 4,916
Cash at bank 21,330 26,183
25,652 31,099
CREDITORS
Amounts falling due within one year 7 25,420 27,805
NET CURRENT ASSETS 232 3,294
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,965

40,900

CREDITORS
Amounts falling due after more than one
year

8

(19,811

)

(23,336

)

PROVISIONS FOR LIABILITIES (8,689 ) (7,145 )
NET ASSETS 17,465 10,419

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 17,464 10,418
SHAREHOLDERS' FUNDS 17,465 10,419

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

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

The director acknowledges her 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.

Wallace Chiropractic Limited (Registered number: 09391315)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 July 2025 and were signed by:





E A Wallace - Director


Wallace Chiropractic Limited (Registered number: 09391315)

Notes to the Financial Statements
For The Year Ended 31 January 2025

1. STATUTORY INFORMATION

Wallace Chiropractic 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 and is recognised as chiropractic services are provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses is capitalised at cost and amortised over its estimated useful life of five years.

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 - 10% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Wallace Chiropractic Limited (Registered number: 09391315)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 11,000
AMORTISATION
At 1 February 2024
and 31 January 2025 11,000
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2024 48,906 3,424 2,672 55,002
Additions - 6,775 3,995 10,770
At 31 January 2025 48,906 10,199 6,667 65,772
DEPRECIATION
At 1 February 2024 12,156 2,568 2,672 17,396
Charge for year 1,096 1,246 301 2,643
At 31 January 2025 13,252 3,814 2,973 20,039
NET BOOK VALUE
At 31 January 2025 35,654 6,385 3,694 45,733
At 31 January 2024 36,750 856 - 37,606

Wallace Chiropractic Limited (Registered number: 09391315)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Other debtors 4,322 4,183
Prepayments - 733
4,322 4,916

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 6,857 6,820
Hire purchase contracts 7,459 7,459
Corporation tax 8,385 11,161
Social security and other taxes 130 191
Other creditors - 102
Directors' current accounts 574 272
Accrued expenses 2,015 1,800
25,420 27,805

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans - 2-5 years 15,460 11,526
Hire purchase contracts 4,351 11,810
19,811 23,336

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 February 2024 10,418
Profit for the year 41,046
Dividends (34,000 )
At 31 January 2025 17,464