Sonia Morgan Podiatry Ltd - Filleted accounts

Registered number

11249098

Sonia Morgan Podiatry Ltd

Filleted Accounts

31 March 2026

Sonia Morgan Podiatry Ltd
Registered number:		11249098
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		387,094			399,341

Current assets
Stocks		5,300			3,980
Debtors	4	1,580			401
Cash at bank and in hand		43,581			28,973
		50,461			33,354

Creditors: amounts falling due within one year	5	(97,922)			(102,359)

Net current liabilities			(47,461)			(69,005)

Total assets less current liabilities			339,633			330,336

Creditors: amounts falling due after more than one year	6		(144,802)			(155,685)

Provisions for liabilities			(22,590)			(24,918)


Net assets			172,241			149,733

Capital and reserves
Called up share capital			100			100
Revaluation reserve	8		90,557			90,557
Profit and loss account			81,584			59,076

Shareholder's funds			172,241			149,733

The directors are 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 in accordance with section 476 of the Act.
The directors acknowledge their 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 Registrar of Companies.




S Morgan
Director
Approved by the board on 22 June 2026

Sonia Morgan Podiatry Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts 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).

	Turnover
	Turnover 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie 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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			5		5


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2025	380,000		71,444		451,444
	Additions	-		2,177		2,177
	At 31 March 2026	380,000		73,621		453,621

	Depreciation
	At 1 April 2025	-		52,103		52,103
	Charge for the year	-		14,424		14,424
	At 31 March 2026	-		66,527		66,527

	Net book value
	At 31 March 2026	380,000		7,094		387,094
	At 31 March 2025	380,000		19,341		399,341


4	Debtors			2026		2025
£					£

	Trade debtors			480		-
	Other debtors			1,100		401
				1,580		401


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			20,739		20,839
	Trade creditors			5,071		488
	Taxation and social security costs			10,956		7,894
	Other creditors			61,156		73,138
				97,922		102,359


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			144,802		155,685


7	Loans			2026		2025
£					£
	Creditors include:

	Secured bank loans			143,808		154,691

	Secured on property at 1a St Patrick's Road North, FY8 2AY


8	Revaluation reserve			2026		2025
£					£

	At 1 April 2025			90,557		90,557

	At 31 March 2026			90,557		90,557


9	Other information

	Sonia Morgan Podiatry Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	The Old Surgery
	1a St Patricks Road North
	Lytham St Annes
	FY4 2DA