General Information
The Kent Sports Injury & Physiotherapy Clinic Limited is a private company, limited by shares, registered in England and Wales, registration number 04700033, registration address West Suite, 1 Tolherst Court,, Turkey Mill, Ashford Road, Maidstone, Kent, ME14 5PP.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A small entities. There were no material departures from the standard.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, net of discounts and value added taxes.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The companys liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount 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. However, the increase is recognised in profit or loss to the extent that 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. If a revaluation decrease exceeds the accumulated revaluation gains accumulated capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over the useful lives on the following basis:
| Plant and Machinery |
25 Reducing Balance
|
| Fixtures and Fittings |
25 Reducing Balance
|
| Computer Equipment |
25 Reducing Balance
|
Provisions
Provisions are recognised when the company has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2024 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 31 March 2024 |
9,520 |
|
8,167 |
|
2,144 |
|
19,831 |
| Additions |
- |
|
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 30 March 2025 |
9,520 |
|
8,167 |
|
2,144 |
|
19,831 |
| Depreciation |
| At 31 March 2024 |
8,969 |
|
7,909 |
|
2,028 |
|
18,906 |
| Charge for year |
138 |
|
64 |
|
29 |
|
231 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 30 March 2025 |
9,107 |
|
7,973 |
|
2,057 |
|
19,137 |
| Net book values |
| Closing balance as at 30 March 2025 |
413 |
|
194 |
|
87 |
|
694 |
| Opening balance as at 31 March 2024 |
551 |
|
258 |
|
116 |
|
925 |
|
| 4. |
Share Capital
Authorised
1 Class A share of £1.00 each
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
1
Class A share of £1.00 each |
1 |
|
1 |
|
1 |
|
1 |
|
| 5. |
Short-term compensated absences
Prior to the adoption of FRS 102, The Kent Sports Injury & Physiotherapy Clinic Ltd did not make a provision for holiday pay earned not taken before the year end. FRS 102 requires the cost of short-term compensated absences to be recognised when employees render the service that increases their entitlement.
No accrual has been made to reflect this as the amounts are immaterial and do not affect the true and fair view of the financial statements.
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2
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