REGISTERED NUMBER: 07418646 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SANO PHYSIOTHERAPY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Matthew Richard Taylor

Mr Paul Aaron Betts

Mr Robin Neil Womersley

REGISTERED OFFICE:

42 Lidget Hill

Pudsey

Leeds

LS28 7DR

REGISTERED NUMBER:

07418646 (England and Wales)

ACCOUNTANTS:

Syers McGill

9 Kerry Street

Horsforth

Leeds

West Yorkshire

LS18 4AW

FIXED ASSETS

Intangible assets

4

91,168

194,671

Tangible assets

5

108,767

146,771

Investments

6

2,004,778

1,581,787

2,204,713

1,923,229

CURRENT ASSETS

Stocks

343,491

322,841

Debtors

7

690,845

702,856

Cash at bank

310,857

696,825

1,345,193

1,722,522

CREDITORS

Amounts falling due within one year

8

3,049,237

2,963,255

NET CURRENT LIABILITIES

(1,704,044

)

(1,240,733

)

TOTAL ASSETS LESS CURRENT LIABILITIES

500,669

682,496

CREDITORS

Amounts falling due after more than one year

9

(92,000

)

(244,593

)

PROVISIONS FOR LIABILITIES

(2,022

)

-

NET ASSETS

406,647

437,903

CAPITAL AND RESERVES

Called up share capital

11

10

10

Share premium

12

26,246

26,246

Retained earnings

12

380,391

411,647

SHAREHOLDERS' FUNDS

406,647

437,903

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 directors acknowledge their 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 Board of Directors and authorised for issue on 18 December 2025 and were signed on its behalf by:

Mr Matthew Richard Taylor - Director

1.	STATUTORY INFORMATION

Sano Physiotherapy Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill represents the acquisition at cost of Griffiths & Hartley Ltd in 2019, Physiodirect Sherwood Limited in 2020, Yorkshire Physiotherapy Network Limited in 2020, the purchase of goodwill of Highthorne Physiotherapy Clinic Ltd in 2021 and acquisition at cost of Imagine Physiotherapy Clinics Ltd in 2022.

Goodwill is being amortised over a useful life of 7 years.

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.

Improvements to property

-

5% on cost

Plant and machinery

-

5% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 115 (2024 - 111 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

773,388

AMORTISATION

At 1 April 2024

578,717

Charge for year

103,503

At 31 March 2025

682,220

NET BOOK VALUE

At 31 March 2025

91,168

At 31 March 2024

194,671

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

129,012

17,435

134,013

137,379

417,839

Additions

15,059

-

6,141

14,333

35,533

At 31 March 2025

144,071

17,435

140,154

151,712

453,372

DEPRECIATION

At 1 April 2024

60,276

17,435

97,184

96,173

271,068

Charge for year

21,447

-

21,449

30,641

73,537

At 31 March 2025

81,723

17,435

118,633

126,814

344,605

NET BOOK VALUE

At 31 March 2025

62,348

-

21,521

24,898

108,767

At 31 March 2024

68,736

-

36,829

41,206

146,771

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 April 2024

1,581,787

Additions

422,991

At 31 March 2025

2,004,778

NET BOOK VALUE

At 31 March 2025

2,004,778

At 31 March 2024

1,581,787

On 29 October 2024 the company acquired 100% of the share capital of The Oxford Physiotherapy Service Limited at a cost of £422,991.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

640,548

690,653

Amounts owed by group undertakings

-

1,670

Other debtors

50,297

10,533

690,845

702,856

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

80,000

Trade creditors

72,683

58,579

Amounts owed to group undertakings

2,144,967

1,857,481

Taxation and social security

280,461

352,625

Other creditors

551,126

614,570

3,049,237

2,963,255

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

-

141,468

Other creditors

92,000

103,125

92,000

244,593

10.	SECURED DEBTS

The company is a wholly owned subsidiary of Sano Physiotherapy 2017 Limited.

The company has given security on loan notes provided by its parent company, Sano Physiotherapy 2017 Limited, by way of fixed and floating charges over the assets of the company.

At 31 March 2025 Sano Physiotherapy 2017 Limited owed £1,329,412 (2024: £1,368,462) in respect of the loan notes.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

10

Ordinary

£1

10

10

12.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 April 2024

411,647

26,246

437,893

Profit for the year

250,304

250,304

Dividends

(281,560

)

(281,560

)

At 31 March 2025

380,391

26,246

406,637

13.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Sano Physiotherapy 2017 Limited.

During the year Sano Physiotherapy 2017 Limited invoiced the company £16,800 (2024: £16,800) in respect of management charges. At 31 March 2025 the company owed Sano Physiotherapy 2017 Limited £1,476,122 (2024: £539,907).

Back in Action Physiotherapy Limited is a wholly owned subsidiary of the company.

At 31 March 2025 the company owed Back in Action Physiotherapy Limited £595,683 (2024: £307,923).

Tudor Physiotherapy Limited is a wholly owned subsidiary of the company.

At 31 March 2025 the company owed Tudor Physiotherapy Limited £63,511 (2024:

Tudor Physiotherapy Limited owed the company £1,670).