REGISTERED NUMBER: SC243858 (Scotland)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Highland Chiropractic Clinic Ltd.

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

Directors:

V A Pearce

E F Pearce

Secretary:

E F Pearce

Registered office:

8 Abban Street

Inverness

IV3 8HH

Registered number:

SC243858 (Scotland)

Accountants:

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

Inverness-shire

IV1 1HT

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Highland Chiropractic Clinic Ltd. for the year ended 31st March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Highland Chiropractic Clinic Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Highland Chiropractic Clinic Ltd. and state those matters that we have agreed to state to the Board of Directors of Highland Chiropractic Clinic Ltd., as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Highland Chiropractic 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 Highland Chiropractic Clinic Ltd.. You consider that Highland Chiropractic Clinic Ltd. is exempt from the statutory audit requirement for the year.

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

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

Inverness-shire

IV1 1HT

18th November 2025

Fixed assets

Tangible assets

4

182,025

192,789

Current assets

Stocks

4,885

4,795

Debtors

5

235,407

331,853

Cash at bank and in hand

189,022

150,784

429,314

487,432

Creditors

Amounts falling due within one year

6

6,838

29,048

Net current assets

422,476

458,384

Total assets less current liabilities

604,501

651,173

Provisions for liabilities

3,290

5,171

Net assets

601,211

646,002

Capital and reserves

Called up share capital

100

100

Retained earnings

601,111

645,902

601,211

646,002

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th November 2025 and were signed on its behalf by:

E F Pearce - Director

1.	Statutory information

Highland Chiropractic Clinic Ltd. is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets

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

Freehold property

-

No depreciation

Long leasehold

-

2% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

33% on cost and 15% on reducing balance

Motor vehicles

-

25% 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 Statement of Income and Retained Earnings, 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.

Fair value

Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3.	Employees and directors

The average number of employees during the year was 8 (2024 - 9 ) .

4.	Tangible fixed assets

Freehold

Long

Plant and

property

leasehold

machinery

£

£

£

Cost

At 1st April 2024

121,471

68,064

63,203

Additions

-

-

-

Disposals

-

-

-

At 31st March 2025

121,471

68,064

63,203

Depreciation

At 1st April 2024

-

22,597

59,856

Charge for year

-

1,361

1,493

Eliminated on disposal

-

-

-

At 31st March 2025

-

23,958

61,349

Net book value

At 31st March 2025

121,471

44,106

1,854

At 31st March 2024

121,471

45,467

3,347

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

At 1st April 2024

23,900

34,336

310,974

Additions

484

-

484

Disposals

-

(3,819

)

(3,819

)

At 31st March 2025

24,384

30,517

307,639

Depreciation

At 1st April 2024

21,519

14,213

118,185

Charge for year

952

4,578

8,384

Eliminated on disposal

-

(955

)

(955

)

At 31st March 2025

22,471

17,836

125,614

Net book value

At 31st March 2025

1,913

12,681

182,025

At 31st March 2024

2,381

20,123

192,789

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

1,972

2,015

Other debtors

233,435

329,838

235,407

331,853

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

5,565

10,461

Taxation and social security

(6,691

)

12,240

Other creditors

7,964

6,347

6,838

29,048

7.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

E F Pearce and V A Pearce

Balance outstanding at start of year

249,084

254,122

Amounts advanced

77,623

87,147

Amounts repaid

(135,467

)

(92,185

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

191,240

249,084

Loans to the directors attract interest at a rate of 3% per annum. They are unsecured and have no fixed terms of repayment.