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Registered number: 05845533
Therapyworks Franchising Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
More Than Accountants Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 05845533
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 6
Tangible Assets 5 4,925 6,038
4,925 6,044
CURRENT ASSETS
Debtors 6 39,480 38,139
Cash at bank and in hand 1,192 1,223
40,672 39,362
Creditors: Amounts Falling Due Within One Year 7 (150,225 ) (145,142 )
NET CURRENT ASSETS (LIABILITIES) (109,553 ) (105,780 )
TOTAL ASSETS LESS CURRENT LIABILITIES (104,628 ) (99,736 )
NET LIABILITIES (104,628 ) (99,736 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (104,629 ) (99,737 )
SHAREHOLDERS' FUNDS (104,628) (99,736)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 14 October 2025 and were signed on its behalf by:
Mr Hywel GRIFFITHS
Director
14/10/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Therapyworks Franchising Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05845533 . The registered office is 9a Poundfield Llantwit Major, Vale Of Glamorgan, CF61 1DL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Intangible Fixed Assets and Amortisation - Other Intangible
Website development costs and franchise development costs are shown at cost less accumulated
amortisation and any accumulated impairment losses.

2.3. 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 20% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% on cost
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are 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 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
Page 2
Page 3
4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 April 2024 70,425 4,150 74,575
As at 31 March 2025 70,425 4,150 74,575
Amortisation
As at 1 April 2024 70,420 4,149 74,569
Provided during the period 5 1 6
As at 31 March 2025 70,425 4,150 74,575
Net Book Value
As at 31 March 2025 - - -
As at 1 April 2024 5 1 6
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual
value, over their useful life as follows:

Asset class Amortisation method and rate
Website development costs 10% on cost
Franchise development costs 10% on cost
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 9,671 4,825 1,750 16,246
As at 31 March 2025 9,671 4,825 1,750 16,246
Depreciation
As at 1 April 2024 7,912 546 1,750 10,208
Provided during the period 463 650 - 1,113
As at 31 March 2025 8,375 1,196 1,750 11,321
Net Book Value
As at 31 March 2025 1,296 3,629 - 4,925
As at 1 April 2024 1,759 4,279 - 6,038
6. Debtors
2025 2024
as restated
£ £
Due within one year
Other debtors 39,216 38,070
VAT 264 69
39,480 38,139
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interes 94,642 89,069
Director's loan account 55,583 56,073
150,225 145,142
8. Share Capital
2025 2024
as restated
£ £
Allotted, Called up and fully paid 1 1
Page 4