Company Registration No. 05026425 (England and Wales)
GREATER MANCHESTER CHIROPRACTIC CLINICS LTD
Unaudited accounts
for the year ended 31 March 2025
GREATER MANCHESTER CHIROPRACTIC CLINICS LTD
Unaudited accounts
Contents
GREATER MANCHESTER CHIROPRACTIC CLINICS LTD
Company Information
for the year ended 31 March 2025
Company Number
05026425 (England and Wales)
Registered Office
7 High Street
Chapel-en-le-Frith
High Peak
SK23 0HD
United Kingdom
Accountants
Stoney Philbin & Company Limited
7 High Street
Chapel-en-le-Frith
High Peak
SK23 0HD
GREATER MANCHESTER CHIROPRACTIC CLINICS LTD
Statement of financial position
as at 31 March 2025
Intangible assets
285,713
297,142
Tangible assets
120,109
87,204
Investments
286,440
299,910
Cash at bank and in hand
95,508
134,522
Creditors: amounts falling due within one year
(92,561)
(106,111)
Net current assets
110,470
147,327
Total assets less current liabilities
802,732
831,583
Creditors: amounts falling due after more than one year
(16,780)
-
Provisions for liabilities
Deferred tax
(16,063)
(8,824)
Net assets
769,889
822,759
Called up share capital
22
22
Profit and loss account
769,867
822,737
Shareholders' funds
769,889
822,759
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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 August 2025 and were signed on its behalf by
Dr A G Jackson
Director
Company Registration No. 05026425
GREATER MANCHESTER CHIROPRACTIC CLINICS LTD
Notes to the Accounts
for the year ended 31 March 2025
GREATER MANCHESTER CHIROPRACTIC CLINICS LTD is a private company, limited by shares, registered in England and Wales, registration number 05026425. The registered office is 7 High Street, Chapel-en-le-Frith, High Peak, SK23 0HD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Motor vehicles
20% reducing balance basis
Fixtures & fittings
25% reducing balance basis
Computer equipment
25% reducing balance basis
Intangible fixed assets in the form of purchased goodwill is included at cost less accumulated amortisation. The estimated useful life of the goodwill, purchased in 2017, is thirty five years.
Stocks have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
GREATER MANCHESTER CHIROPRACTIC CLINICS LTD
Notes to the Accounts
for the year ended 31 March 2025
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Fixed asset investments are included at fair value.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
Charge for the year
11,429
GREATER MANCHESTER CHIROPRACTIC CLINICS LTD
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2024
47,094
177,713
-
39,143
52,187
316,137
Additions
-
-
52,673
1,059
-
53,732
At 31 March 2025
47,094
177,713
52,673
40,202
52,187
369,869
At 1 April 2024
-
154,707
-
33,557
40,669
228,933
Charge for the year
-
5,751
10,535
1,661
2,880
20,827
At 31 March 2025
-
160,458
10,535
35,218
43,549
249,760
At 31 March 2025
47,094
17,255
42,138
4,984
8,638
120,109
At 31 March 2024
47,094
23,006
-
5,586
11,518
87,204
6
Investments
Other investments
Valuation at 1 April 2024
299,910
Fair value adjustments
(13,470)
Valuation at 31 March 2025
286,440
The original cost of the investment was £198,793
Amounts falling due within one year
Trade debtors
10,585
9,045
Accrued income and prepayments
3,566
4,306
Other debtors
89,658
103,065
8
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
5,160
-
Taxes and social security
21,564
77,492
Other creditors
133,118
134,444
Loans from directors
(71,075)
(108,575)
GREATER MANCHESTER CHIROPRACTIC CLINICS LTD
Notes to the Accounts
for the year ended 31 March 2025
9
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
16,780
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
A G Jackson
108,575
-
37,500
71,075
11
Average number of employees
During the year the average number of employees was 9 (2024: 9).