Leadside Podiatry Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Leadside Podiatry Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC336537 . The registered office is 73 Leadside Road, Aberdeen, AB25 1RX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies are set out below.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Computer Equipment	25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At each reporting date, an assessment is made for impairment. Any excess in carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit and loss.

Page 3

Page 4

Leadside Podiatry Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.6. Taxation

The tax expense represents the sum of the tax currently payable and deferred tax movements.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss because it excludes items of income or expenses that are taxable or deductible in other years and it further excludes items that were never taxable or deductible. 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

Deferred tax is recognised on 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. Differences between contributions payable in the year and contributions actually paid are shown as either other debtors or other creditors.

2.8. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

2.9. Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event which it is probable will result in the transfer of economic benefits and that obligation can be estimated reliably.

Provisions are measured as the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

Page 4

Page 5

Leadside Podiatry Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

4. Intangible Assets

	Goodwill
	£
Cost or Valuation
As at 1 February 2024	50,000

As at 31 January 2025	50,000

Amortisation
As at 1 February 2024	50,000

As at 31 January 2025	50,000

Net Book Value
As at 31 January 2025	-

As at 1 February 2024	-

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 February 2024	6,372	644	7,016
Additions	-	261	261

As at 31 January 2025	6,372	905	7,277

Depreciation
As at 1 February 2024	4,426	418	4,844
Provided during the period	486	122	608

As at 31 January 2025	4,912	540	5,452

Net Book Value
As at 31 January 2025	1,460	365	1,825

As at 1 February 2024	1,946	226	2,172

6. Stocks

	2025	2024
	£	£
Finished goods	725	725

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	219	575
Other creditors	3	4
Taxation and social security	6,083	6,506

	6,305	7,085

Page 5

Page 6

Leadside Podiatry Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

8. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	409	495

9. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 February 2024	495	495
Origination and reversal of timing differences	(86 )	(86 )

Balance at 31 January 2025	409	409

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

11. Ultimate Controlling Party

The company's ultimate controlling party is Miss Allison Taylor by virtue of her ownership of 100% of the issued share capital in the company.

Page 6

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		1,825		2,172

			1,825		2,172
CURRENT ASSETS
Stocks	6	725		725
Cash at bank and in hand		8,585		10,252

		9,310		10,977
Creditors: Amounts Falling Due Within One Year	7	(6,305 )		(7,085 )

NET CURRENT ASSETS (LIABILITIES)			3,005		3,892

TOTAL ASSETS LESS CURRENT LIABILITIES			4,830		6,064

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(409 )		(495 )

NET ASSETS			4,421		5,569

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			4,419		5,567

SHAREHOLDERS' FUNDS			4,421		5,569