The Practice at the General Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 9743539

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		12,935		30,886

			12,935		30,886
CURRENT ASSETS
Stocks	5	80,000		60,000
Debtors	6	314,739		390,264
Cash at bank and in hand		20,843		17,335

		415,582		467,599
Creditors: Amounts Falling Due Within One Year	7	(305,767 )		(451,132 )

NET CURRENT ASSETS (LIABILITIES)			109,815		16,467

TOTAL ASSETS LESS CURRENT LIABILITIES			122,750		47,353

Creditors: Amounts Falling Due After More Than One Year	8		(121,903 )		(33,726 )

NET ASSETS			847		13,627

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			747		13,527

SHAREHOLDERS' FUNDS			847		13,627

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The Practice at the General Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Dr Tristan Scott

Director

12/05/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

The Practice at the General Limited Registered number 9743539 is a limited by shares company incorporated in England & Wales. The Registered Office is The Practice at the General, 1 Lower Guinea Street, Bristol, BS1 6SY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Straight Line & 20% Finance Lease Assets
Computer Equipment	25% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stock is valued at the lower of cost and net realisable value.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

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The Practice at the General Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	6	5

	6	5

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 September 2024	366,421	69,533	435,954
Additions	974	3,572	4,546

As at 31 August 2025	367,395	73,105	440,500

Depreciation
As at 1 September 2024	342,150	62,918	405,068
Provided during the period	18,701	3,796	22,497

As at 31 August 2025	360,851	66,714	427,565

Net Book Value
As at 31 August 2025	6,544	6,391	12,935

As at 1 September 2024	24,271	6,615	30,886

5. Stocks

	2025	2024
	£	£
Stock - consumable items	80,000	60,000

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The Practice at the General Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	180,121	146,570
Other Trade debtors	134,618	243,694

	314,739	390,264

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	7,717	22,168
Trade creditors	133,166	112,159
Bank loans and overdrafts	12,601	124,672
Corporation tax	33,170	7,744
Other taxes and social security	3,468	11,455
Accruals and deferred income	115,000	155,000
Director's loan account	645	17,934

	305,767	451,132

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	7,717
Bank loans	-	26,009
Other loans	121,903	-

	121,903	33,726

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	7,717	22,168
Later than one year and not later than five years	-	7,717

	7,717	29,885

	7,717	29,885

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The Practice at the General Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

10. Deferred Taxation

The provision for deferred tax is made up as follows:

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

12. Directors Advances, Credits and Guarantees

Dividends paid to directors

	2025	2024
	£	£
Dr Tristan Scott	105,000	149,500

13. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	105,000	149,500

14. Ultimate Controlling Party

The company's ultimate controlling party is Dr Tristan James Scott by virtue of his ownership of 100% of the issued share capital in the company.

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