2 01/01/2024 31/12/2024 2024-12-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2024-01-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 07905093 2024-01-01 2024-12-31 07905093 2024-12-31 07905093 2023-12-31 07905093 2023-01-01 2023-12-31 07905093 2023-12-31 07905093 2022-12-31 07905093 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 07905093 bus:RegisteredOffice 2024-01-01 2024-12-31 07905093 bus:Director1 2024-01-01 2024-12-31 07905093 bus:Director2 2024-01-01 2024-12-31 07905093 bus:CompanySecretary1 2024-01-01 2024-12-31 07905093 core:LandBuildings core:ShortLeaseholdAssets 2023-12-31 07905093 core:FurnitureFittingsToolsEquipment 2023-12-31 07905093 core:LandBuildings core:ShortLeaseholdAssets 2024-12-31 07905093 core:FurnitureFittingsToolsEquipment 2024-12-31 07905093 core:AfterOneYear 2024-12-31 07905093 core:AfterOneYear 2023-12-31 07905093 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 07905093 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 07905093 core:WithinOneYear 2024-12-31 07905093 core:WithinOneYear 2023-12-31 07905093 core:ShareCapital 2024-12-31 07905093 core:ShareCapital 2023-12-31 07905093 core:RetainedEarningsAccumulatedLosses 2024-12-31 07905093 core:RetainedEarningsAccumulatedLosses 2023-12-31 07905093 core:ShareCapital 2022-12-31 07905093 core:RetainedEarningsAccumulatedLosses 2022-12-31 07905093 core:PreviouslyStatedAmount core:ShareCapital 2024-12-31 07905093 core:FurnitureFittingsToolsEquipment 2023-12-31 07905093 bus:SmallEntities 2024-01-01 2024-12-31 07905093 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07905093 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07905093 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07905093 bus:FullAccounts 2024-01-01 2024-12-31
Company registration number: 07905093
Shop@Physio World Limited
Unaudited filleted financial statements
31 December 2024
Shop@Physio World Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Shop@Physio World Limited
Directors and other information
Directors Paul D Dallimer
Daniel P Dallimer
Secretary Paul D Dallimer
Company number 07905093
Registered office Unit G6 Castle Vale Enterprise Park
Park Lane
Castle Vale
Birmingham
B35 6LJ
Shop@Physio World Limited
Statement of financial position
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 11,805 14,637
_______ _______
11,805 14,637
Current assets
Stocks 220,708 169,718
Debtors 6 103,383 172,896
Cash at bank and in hand 100,088 63,914
_______ _______
424,179 406,528
Creditors: amounts falling due
within one year 7 ( 383,796) ( 301,486)
_______ _______
Net current assets 40,383 105,042
_______ _______
Total assets less current liabilities 52,188 119,679
Creditors: amounts falling due
after more than one year 8 ( 129,821) ( 140,683)
_______ _______
Net liabilities ( 77,633) ( 21,004)
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account ( 77,634) ( 21,005)
_______ _______
Shareholders deficit ( 77,633) ( 21,004)
_______ _______
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 11 September 2025 , and are signed on behalf of the board by:
Paul D Dallimer
Director
Company registration number: 07905093
Shop@Physio World Limited
Statement of changes in equity
Year ended 31 December 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 January 2023 1 30,871 30,872
Profit for the year 39,324 39,324
_______ _______ _______
Total comprehensive income for the year - 39,324 39,324
Dividends paid and payable ( 91,200) ( 91,200)
_______ _______ _______
Total investments by and distributions to owners - ( 91,200) ( 91,200)
_______ _______ _______
At 31 December 2023 and 1 January 2024 1 ( 21,005) ( 21,004)
Profit for the year 84,579 84,579
_______ _______ _______
Total comprehensive income for the year - 84,579 84,579
Dividends paid and payable ( 141,208) ( 141,208)
_______ _______ _______
Total investments by and distributions to owners - ( 141,208) ( 141,208)
_______ _______ _______
At 31 December 2024 1 ( 77,634) ( 77,633)
_______ _______ _______
Shop@Physio World Limited
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit G6 Castle Vale Enterprise Park, Park Lane, Castle Vale, Birmingham, B35 6LJ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Short leasehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 January 2024 and 31 December 2024 36,979 146,817 183,796
_______ _______ _______
Depreciation
At 1 January 2024 36,979 132,180 169,159
Charge for the year - 2,832 2,832
_______ _______ _______
At 31 December 2024 36,979 135,012 171,991
_______ _______ _______
Carrying amount
At 31 December 2024 - 11,805 11,805
_______ _______ _______
At 31 December 2023 - 14,637 14,637
_______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 32,204 23,577
Other debtors 71,179 149,319
_______ _______
103,383 172,896
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 121,787 51,011
Corporation tax 25,705 9,502
Social security and other taxes 235,351 230,198
Other creditors 953 10,775
_______ _______
383,796 301,486
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 129,821 140,683
_______ _______
9. Controlling party
The Company is controlled by the Director by virtue of his majority share holding.