Company Registration No. 6716626 (England and Wales)
FREEDOM CLINICS LTD
Unaudited accounts
for the year ended 31 December 2024
FREEDOM CLINICS LTD
Unaudited accounts
Contents
FREEDOM CLINICS LTD
Company Information
for the year ended 31 December 2024
Directors
Jason Patel
Reesha Sangani
Company Number
6716626 (England and Wales)
Registered Office
34 NORTH COLONNADE
CANARY WHARF
LONDON
E14 5HX
Accountants
Trimantic Accountants
1 Victor House
Barnet Road
London Colney
AL2 1BJ
FREEDOM CLINICS LTD
Statement of financial position
as at 31 December 2024
Tangible assets
15,165
3,434
Cash at bank and in hand
71,041
5,188
Creditors: amounts falling due within one year
(219,128)
(194,206)
Net current assets
202,856
64,504
Total assets less current liabilities
218,021
67,938
Creditors: amounts falling due after more than one year
(97,777)
-
Called up share capital
26
26
Profit and loss account
120,218
67,912
Shareholders' funds
120,244
67,938
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by
Jason Patel
Director
Company Registration No. 6716626
FREEDOM CLINICS LTD
Notes to the Accounts
for the year ended 31 December 2024
FREEDOM CLINICS LTD is a private company, limited by shares, registered in England and Wales, registration number 6716626. The registered office is 34 NORTH COLONNADE, CANARY WHARF, LONDON, E14 5HX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover arises through one class of business, which is that of providing chiropractor, physiotherapy and osteopathic services and the sale of related products and represents amounts invoiced by the company in respect of sales completed during the period exclusive of VAT.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line - 10 years
Plant & machinery
Straight line - 3 years
Fixtures & fittings
Straight line - 4 years
Computer equipment
Straight line - 3 years
Stocks represent chiropractor, physiotherapy and osteopathic products available for resale and are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
FREEDOM CLINICS LTD
Notes to the Accounts
for the year ended 31 December 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
-
23,519
171,303
718
195,540
Additions
8,957
9,407
-
-
18,364
At 31 December 2024
8,957
32,926
171,303
718
213,904
At 1 January 2024
-
20,069
171,319
718
192,106
Charge for the year
-
4,232
2,401
-
6,633
At 31 December 2024
-
24,301
173,720
718
198,739
At 31 December 2024
8,957
8,625
(2,417)
-
15,165
At 31 December 2023
-
3,450
(16)
-
3,434
Amounts falling due within one year
Trade debtors
121,737
217,859
Amounts due from group undertakings etc.
166,889
-
Accrued income and prepayments
31,817
7,832
Other debtors
22,200
22,031
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,722
-
Trade creditors
75,399
53,382
Taxes and social security
69,237
72,776
Other creditors
59,878
55,853
FREEDOM CLINICS LTD
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
2,600 Ordinary shares of £0.01 each
26
26
9
Operating lease commitments
2024
2023
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
95,000
95,000
Later than one year and not later than five years
380,000
380,000
Later than five years
-
87,083
11
Average number of employees
During the year the average number of employees was 12 (2023: 12).