| PHYSIOTHERM LIMITED |
| BALANCE SHEET |
| As at 30 April 2025 |
|
|
|
|
|
|
2025 |
|
2024 |
|
|
Notes |
£ |
£ |
£ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
- |
|
|
- |
|
| Current assets |
| Debtors |
4 |
55,016 |
|
|
55,016 |
| Cash at bank and in hand |
61 |
|
|
10,290 |
|
|
|
|
55,077 |
|
|
65,306 |
| Creditors - amounts falling due within one year |
5 |
(26,182) |
|
|
(25,990) |
|
| Net current assets |
|
|
|
28,895 |
|
|
39,316 |
|
| Total assets less current liabilities |
28,895 |
|
|
39,316 |
|
| Creditors - amounts falling due after more than one year |
6 |
|
|
(81,472) |
|
|
(89,198) |
|
| Provisions for liabilities |
(4,228) |
|
|
(4,228) |
|
|
| Net liabilities |
|
|
|
(56,805) |
|
|
(54,110) |
|
|
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
195,000 |
|
|
195,000 |
| Profit and loss account |
(251,805) |
|
|
(249,110) |
|
| Shareholder's deficit |
(56,805) |
|
|
(54,110) |
|
|
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
|
|
| The member has not required the company to obtain an audit of its accounts in accordance with section 476 of the Act. |
|
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
|
|
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Register of Companies. |
|
|
| Approved by the board on 23 April 2026 and signed on its behalf by: |
|
| Josef Gunsch |
| Director |
| The notes on pages 2 to 4 form an integral part of these accounts |
|
|
| Page 1 |
|
| PHYSIOTHERM LIMITED |
|
| NOTES TO THE FINANCIAL STATEMENTS |
| For the year ended 30 April 2025 |
|
|
| 1. |
|
Accounting policies |
|
|
(a) |
Basis of preparation |
|
|
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
|
|
(b) |
Revenue recognition |
|
|
Revenue is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
|
|
|
|
(c) |
Tangible fixed assets |
|
|
Depreciation is calculated on a straight-line basis so as to write off the cost of tangible assets over their estimated useful lives as follows: |
|
|
|
|
Plant and machinery etc |
20% to 25% straight line |
|
|
(d) |
Stock |
|
|
Stock is valued at the lower of cost and net realisable value. Cost is determined on an actual cost basis. Net realisable value represents anticipated selling price less selling cost. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost. |
|
|
|
|
(e) |
Taxation |
|
|
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised in full in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each accounting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. |
|
|
|
|
|
|
|
|
(f) |
Provisions |
|
|
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
|
|
(g) |
Foreign currency translation |
|
|
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the average rate for the month in which the transaction takes place. All differences are taken to the profit and loss account. |
|
|
|
|
| Page 2 |
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| PHYSIOTHERM LIMITED |
|
| NOTES TO THE FINANCIAL STATEMENTS |
| For the year ended 30 April 2025 |
|
|
| 5. |
|
Creditors - amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
|
Trade creditors |
4,426 |
|
4,426 |
|
|
Taxation and social security costs |
2,813 |
|
3,982 |
|
|
Accruals and deferred income |
3,155 |
|
1,795 |
|
|
Other creditors |
15,788 |
|
15,787 |
|
|
|
|
|
|
26,182 |
|
25,990 |
|
|
|
|
|
|
|
|
|
| 6. |
|
Creditors - amounts falling due after more than one year |
2025 |
|
2024 |
| £ |
£ |
|
|
|
Amounts owed to group undertakings and other participating interests |
81,472 |
|
89,198 |
|
|
|
|
|
|
81,472 |
|
89,198 |
|
|
|
|
|
|
|
|
|
| 7. |
|
Related party disclosures |
2025 |
|
2024 |
| £ |
£ |
|
(a) |
Name of related party: |
Physiotherm Holding GmbH |
|
|
Description of relationship: |
Parent undertaking |
|
|
Description of transaction: |
Loans from related party |
|
|
Amounts due to the related party: |
65,530 |
|
74,139 |
|
|
|
|
|
|
|
|
|
|
(b) |
Name of related party: |
Physiotherm GmbH Thaur |
|
|
Description of relationship: |
Group undertaking |
|
|
Description of transaction: |
Loans from related party |
|
|
Amounts due to the related party: |
7,641 |
|
6,717 |
|
|
|
|
|
|
|
|
|
|
(c) |
Name of related party: |
Physiotherm GmbH Deutschland |
|
|
Description of relationship: |
Group undertaking |
|
|
Description of transaction: |
Loans from related party |
|
|
Amounts due to the related party: |
8,302 |
|
8,342 |
|
|
|
|
|
|
|
|
|
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| Page 4 |
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