REGISTERED NUMBER: 10702285 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Oldfield Osteopaths Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Inman

Mrs G Inman

REGISTERED OFFICE:

2 Northside

Wells Road

Chilcompton

Radstock

BA3 4ET

REGISTERED NUMBER:

10702285 (England and Wales)

ACCOUNTANTS:

Accounting Solutions

2 Northside

Wells Road

Chilcompton

Radstock

BA3 4ET

FIXED ASSETS

Intangible assets

4

2,100

3,150

Tangible assets

5

1,267

1,216

3,367

4,366

CURRENT ASSETS

Debtors

6

97,872

96,626

Cash at bank

3,883

7,847

101,755

104,473

CREDITORS

Amounts falling due within one year

7

11,171

21,707

NET CURRENT ASSETS

90,584

82,766

TOTAL ASSETS LESS CURRENT LIABILITIES

93,951

87,132

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

93,841

87,022

SHAREHOLDERS' FUNDS

93,951

87,132

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.

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 Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

Mr D Inman - Director

Mrs G Inman - Director

1.	STATUTORY INFORMATION

Oldfield Osteopaths Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

33% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

10,500

AMORTISATION

At 1 April 2024

7,350

Amortisation for year

1,050

At 31 March 2025

8,400

NET BOOK VALUE

At 31 March 2025

2,100

At 31 March 2024

3,150

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

599

17,906

2,560

21,065

Additions

-

-

650

650

At 31 March 2025

599

17,906

3,210

21,715

DEPRECIATION

At 1 April 2024

353

17,576

1,920

19,849

Charge for year

74

99

426

599

At 31 March 2025

427

17,675

2,346

20,448

NET BOOK VALUE

At 31 March 2025

172

231

864

1,267

At 31 March 2024

246

330

640

1,216

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

97,872

96,626

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

8,967

Taxation and social security

8,974

10,700

Other creditors

2,197

2,040

11,171

21,707

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company was under the control of the directors throughout the period as stated in the report of the directors.

Interest was charged on the overdrawn directors' loan account balances at the official rate of 2.25%.