Company No: 05132811 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTOR

J E Mackintosh

REGISTERED OFFICE	4 Pates Close
	Linby
	Nottingham
	NG15 8JY
	United Kingdom

COMPANY NUMBER

05132811 (England and Wales)

ACCOUNTANT	Duncan & Toplis Limited
	14 London Road
	Newark
	NG24 1TW
	United Kingdom

	Note	31.03.2026		31.03.2025
		£		£
Fixed assets
Tangible assets	3, 4	87,718		6,601
		87,718		6,601
Current assets
Stocks		127		129
Debtors	5	6,325		3,999
Cash at bank and in hand		44,390		23,391
		50,842		27,519
Creditors: amounts falling due within one year	6	( 37,769)		( 6,672)
Net current assets		13,073		20,847
Total assets less current liabilities		100,791		27,448
Creditors: amounts falling due after more than one year	7	( 53,704)		0
Provision for liabilities		( 1,513)		0
Net assets		45,574		27,448
Capital and reserves
Called-up share capital	9	1		1
Profit and loss account		45,573		27,447
Total shareholder's funds		45,574		27,448

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Southwell Physiotherapy Limited (registered number: 05132811) were approved and authorised for issue by the Director on 20 May 2026. They were signed on its behalf by:

J E Mackintosh Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Southwell Physiotherapy Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 4 Pates Close, Linby, Nottingham, NG15 8JY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases and right of use assets

At the inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.

The lease liability is initially measured at the present value of future lease payments due over the lease term, discounted at the rate implicit in the lease or, if not readily determinable, the Company's incremental borrowing rate. Lease payments include fixed payments, variable lease payments that depend on an index or a tax and amounts reasonably expected to be payable over the life of the lease.

The right of use asset is initially measured at the initial amount of the lease liability and is adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle or restore the underlying asset, less any lease incentives received.

The lease liability is subsequently measured at amortised cost using the effective interest method, with an interest expense recognised in the profit or loss.

After initial recognition, the right of use asset is depreciated on a straight line basis over the shorter of the asset's useful life or the lease term. The right of use assets are subject to impairment reviews in accordance with the Company's policy on the impairment of non financial assets.

It is remeasured when there is a change in future lease payments arising from a change in an index or rate, or if the Company changes its assessment of whether it will exercise a purchase, extension, or termination option. When the lease liability is remeasured, a corresponding adjustment is made to the carrying amount of the right of use asset. In any case an equivalent adjustment is made to the carrying value of the right of use asset, with the revised carrying amount being amortised over the remaining (revised) lease term. If the carrying amount of the right of use asset is adjusted to zero, any further reduction is recognised in the profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	Year ended 31.03.2026		Period from 01.06.2024 to 31.03.2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2025	46,926		46,926
Additions	788		788
At 31 March 2026	47,714		47,714
Accumulated depreciation
At 01 April 2025	40,325		40,325
Charge for the financial year	1,071		1,071
At 31 March 2026	41,396		41,396
Net book value
At 31 March 2026	6,318		6,318
At 31 March 2025	6,601		6,601

4. Right of use assets

	Land and buildings		Motor vehicles		Total
	£		£		£
Cost
At 01 April 2025	0		0		0
Additions	91,848		17,394		109,242
At 31 March 2026	91,848		17,394		109,242
Accumulated depreciation
At 01 April 2025	0		0		0
Charge for the financial year	22,044		5,798		27,842
At 31 March 2026	22,044		5,798		27,842
Net book value
At 31 March 2026	69,804		11,596		81,400
At 31 March 2025	0		0		0

The right-of-use assets are included in the Tangible fixed assets on the balance sheet.

5. Debtors

	31.03.2026		31.03.2025
	£		£
Trade debtors	5,287		2,464
Prepayments	1,038		1,132
Corporation tax	0		403
	6,325		3,999

6. Creditors: amounts falling due within one year

	31.03.2026		31.03.2025
	£		£
Accruals	2,267		2,159
Corporation tax	9,448		4,513
Lease liabilities (note 8)	26,054		0
	37,769		6,672

7. Creditors: amounts falling due after more than one year

	31.03.2026		31.03.2025
	£		£
Lease liabilities (note 8)	53,704		0

There are no amounts included above in respect of which any security has been given by the small entity.

8. Lease liabilities

	Year ended 31.03.2026		Period from 01.06.2024 to 31.03.2025
	£		£
Lease liabilities due within 1 year	26,054		0
Lease liabilities due after 1 year	53,704		0
	79,758		0

The lease liabilities are included in the creditors due within 1 year and creditors due after 1 year on the balance sheet.

9. Called-up share capital

	31.03.2026		31.03.2025
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1