Peterhead_Foot_Clinic_Ltd_31_Mar_2025_companies_house_set_of

Peterhead Foot Clinic Ltd

Report to the board of directors on the preparation of the unaudited statutory financial statements of Peterhead Foot Clinic Ltd

Year ended

31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the

financial statements

Peterhead Foot Clinic Ltd

for the year ended

31 March 2025

which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Members/Doc/rule/2018-rulebook.pdf.

This report is made solely to the Board of Directors of

Peterhead Foot Clinic Ltd

, as a body, in accordance with the terms of my engagement letter dated 25 November 2024. My work has been undertaken solely to prepare for your approval the

financial statements

Peterhead Foot Clinic Ltd

and state those matters that I have agreed to state to the Board of Directors of

Peterhead Foot Clinic Ltd

, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than

Peterhead Foot Clinic Ltd

and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that

Peterhead Foot Clinic Ltd

has kept adequate accounting records and to prepare statutory

financial statements

that give a true and fair view of the assets, liabilities, financial position and profit of

Peterhead Foot Clinic Ltd

. You consider that

Peterhead Foot Clinic Ltd

is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Peterhead Foot Clinic Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Elstone Accountancy & Business Services Ltd

Upperton Farmhouse

Cairnbanno, New Deer

Turriff

AB53 6YD

United Kingdom

Date:

8 December 2025

Peterhead Foot Clinic Ltd

Statement of Financial Position

31 March 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	5	285,954		103,548
Current assets
Stocks		6,280		6,400
Debtors	6	1,824		1,522
Cash at bank and in hand		9,162		136,286
		17,266		144,208
Creditors: amounts falling due within one year	7	(38,911	)	(23,401	)
Net current (liabilities)/assets		(21,645	)	120,807
Total assets less current liabilities		264,309		224,355
Creditors: amounts falling due after more than one year	8	-		(667	)
Provisions for liabilities		(9,029	)	(1,189	)
Net assets		255,280		222,499
Capital and reserves
Called up share capital		100		100
Profit and loss account		255,180		222,399
Shareholders funds		255,280		222,499

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.

Director's 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 director acknowledges 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.

In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

8 December 2025

, and are signed on behalf of the board by:

Mrs L Yau

Director

Company registration number:

SC354481

Peterhead Foot Clinic Ltd

Notes to the Financial Statements

Year ended

31 March 2025

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is

Ivy Court

Mintlaw

Peterhead

Aberdeenshire

AB42 5EB

, Scotland.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are 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 in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Land and buildings	2% on reducing balance
Office equipment	25% on reducing balance
Fixtures and fittings	10% on cost
Fixtures, fittings and equipment	33% on cost

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity 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.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Grant funding

Capital grant funding is amortised on a straight line basis over 10 years in line with the depreciation policy of the related assets for which the funding was provided.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

8.00

5 Tangible assets

	Land and buildings	Plant and machinery etc.	Total
	£	£	£
Cost
At 1 April 2024	215,310	24,406	239,716
Additions	202,006	-	202,006
At 31 March 2025	417,316	24,406	441,722
Depreciation
At 1 April 2024	116,717	19,451	136,168
Charge	18,184	1,416	19,600
At 31 March 2025	134,901	20,867	155,768
Carrying amount
At 31 March 2025	282,415	3,539	285,954
At 31 March 2024	98,593	4,955	103,548

6 Debtors

	2025		2024
	£		£
Other debtors	1,824		1,522

7 Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	-	1,024
Taxation and social security	31,912	19,628
Other creditors	6,999	2,749
	38,911	23,401

A bank term loan was fully repaid in the year and the security by way of a charge over the property to which it relates and also by way of bond and floating charge over the assets of the company has been released.

8 Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	-		667

The balance of deferred income comprises grant funding being amortised on a straight line basis over 10 years in line with the depreciation policy of the related assets for which the funding was provided.

9 Controlling party

The ultimate controlling party is Mrs L J Yau.