REGISTERED NUMBER: 11912077 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CRESSEX PRACTICE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr Tiyasa Lisa Bagchi

REGISTERED OFFICE:

238 Cressex Road

High Wycombe

Buckinghamshire

HP12 4UD

REGISTERED NUMBER:

11912077 (England and Wales)

ACCOUNTANTS:

Ark&Co Ltd

Chartered Accountants & Chartered Tax Advisers

The Maltings

2 Anderson Rd

Bearwood

Birmingham

West Midlands

B66 4AR

FIXED ASSETS

Intangible assets

4

1,359,998

1,359,998

Tangible assets

5

142,073

123,305

1,502,071

1,483,303

CURRENT ASSETS

Stocks

6,121

10,835

Debtors

6

26,809

19,215

Cash at bank and in hand

60,037

61,718

92,967

91,768

CREDITORS

Amounts falling due within one year

7

243,138

387,543

NET CURRENT LIABILITIES

(150,171

)

(295,775

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,351,900

1,187,528

CREDITORS

Amounts falling due after more than one year

8

730,815

627,425

NET ASSETS

621,085

560,103

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

620,985

560,003

621,085

560,103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 31 October 2025 and were signed by:

Dr Tiyasa Lisa Bagchi - Director

1.	STATUTORY INFORMATION

Cressex Practice Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business is recognized at cost but subject to an annual impairment review.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,359,998

NET BOOK VALUE

At 31 March 2025

1,359,998

At 31 March 2024

1,359,998

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

107,987

8,750

43,793

11,273

171,803

Additions

45,559

-

-

-

45,559

At 31 March 2025

153,546

8,750

43,793

11,273

217,362

DEPRECIATION

At 1 April 2024

30,001

3,450

11,633

3,414

48,498

Charge for year

16,777

795

8,040

1,179

26,791

At 31 March 2025

46,778

4,245

19,673

4,593

75,289

NET BOOK VALUE

At 31 March 2025

106,768

4,505

24,120

6,680

142,073

At 31 March 2024

77,986

5,300

32,160

7,859

123,305

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

26,709

19,115

Other debtors

100

100

26,809

19,215

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

26,671

44,796

Tax

37,593

47,269

Social security and other taxes

2,882

2,534

Wages Control account

-

13,177

Directors' current accounts

172,392

276,167

Accrued expenses

3,600

3,600

243,138

387,543

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans more 5 yr by instal

643,077

543,829

Hire purchase contracts

74,276

49,454

Bank loans payable 1-5 years

13,462

34,142

730,815

627,425

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

643,077

543,829