The Oxford Physiotherapy Service Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08204436 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE OXFORD PHYSIOTHERAPY SERVICE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Paul Aaron Betts

Mr Matthew Richard Taylor

REGISTERED OFFICE:

42 Lidget Hill

Pudsey

LS28 7DR

REGISTERED NUMBER:

08204436 (England and Wales)

ACCOUNTANTS:

Syers McGill

9 Kerry Street

Horsforth

Leeds

West Yorkshire

LS18 4AW

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

13,768

17,766

13,768

17,766

CURRENT ASSETS

Stocks

483

860

Debtors

6

47,327

20,301

Cash at bank and in hand

38,350

52,908

86,160

74,069

CREDITORS

Amounts falling due within one year

7

75,803

60,126

NET CURRENT ASSETS

10,357

13,943

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,125

31,709

CREDITORS

Amounts falling due after more than one
year

8

2,068

15,046

NET ASSETS

22,057

16,663

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

22,056

16,662

SHAREHOLDERS' FUNDS

22,057

16,663

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

The Oxford Physiotherapy Service 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.

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 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 businesses in 2015 and 2020 is being amortised evenly over the estimated useful life of five 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.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

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.

Debtors

Short term debtors are measured at transaction price, less any impairment,

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities are measured at fair value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

95,844

AMORTISATION

At 1 April 2024

and 31 March 2025

95,844

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

Goodwill relates to acquisition of a trade purchased on 1 April 2015 and a further trade purchased on 31 January 2020. The goodwill on both purchases is being amortised over its estimated useful economic life, estimated to be 5 years in both cases.

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 April 2024

63,561

7,343

4,988

75,892

Additions

150

394

-

544

Disposals

(2,050

)

-

(2,050

)

At 31 March 2025

61,661

7,737

4,988

74,386

DEPRECIATION

At 1 April 2024

46,068

7,070

4,988

58,126

Charge for year

4,190

352

-

4,542

Eliminated on disposal

(2,050

)

-

(2,050

)

At 31 March 2025

48,208

7,422

4,988

60,618

NET BOOK VALUE

At 31 March 2025

13,453

315

-

13,768

At 31 March 2024

17,493

273

-

17,766

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

31,635

14,939

Deferred tax asset

-

5,362

Prepayments and accrued income

15,692

-

47,327

20,301

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other loans (see note 9)

10,150

Finance leases (see note 10)

2,777

3,500

Trade creditors

31,836

24,686

Tax

10,170

7,746

Social security and other taxes

2,567

1,255

Other creditors

-

391

Directors' current accounts

-

18

Accruals and deferred income

18,303

12,380

75,803

60,126

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Other loans (see note 9)

2,068

12,269

Finance leases (see note 10)

-

2,777

2,068

15,046

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

Amounts falling due within one year or on demand:

Bounce Back Loan Scheme

10,150

Amounts falling due between one and two years:

Bounce Back Loan Scheme

2,068

10,250

Amounts falling due between two and five years:

Bounce Back Loan Scheme

-

2,019

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

31.3.25

31.3.24

£

Gross obligations repayable:

Within one year

3,615

4,338

Between one and five years

-

3,615

7,953

Finance charges repayable:

Within one year

838

Between one and five years

-

838

1,676

Net obligations repayable:

Within one year

2,777

3,500

Between one and five years

-

2,777

6,277

Non-cancellable

operating leases

31.3.25

31.3.24

£

Between one and five years

-

31,900

11.	RELATED PARTY DISCLOSURES

On 29 October 2024 Sano Physiotherapy Ltd purchased 100% of the share capital of the company.