REGISTERED NUMBER: SC711123 (Scotland)

Homephysio By Nicola Limited

Unaudited Financial Statements

for the Year Ended 31st October 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Director:

Mrs N Cockburn

Registered office:

10 John Collins Crescent

Galashiels

United Kingdom

TD1 2FA

Registered number:

SC711123 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

45,662

3,327

Current assets

Stocks

1,969

200

Debtors

5

22,685

8,970

Cash at bank

15,435

1,019

40,089

10,189

Creditors

Amounts falling due within one year

6

72,574

4,527

Net current (liabilities)/assets

(32,485

)

5,662

Total assets less current liabilities

13,177

8,989

Creditors

Amounts falling due after more than one year

7

(36,371

)

-

Provisions for liabilities

-

(632

)

Net (liabilities)/assets

(23,194

)

8,357

Capital and reserves

Called up share capital

100

1

Retained earnings

(23,294

)

8,356

(23,194

)

8,357

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 24th July 2026 and were signed by:

Mrs N Cockburn - Director

1.	Statutory information

Homephysio By Nicola Limited 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.

Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

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.

Fixtures, fitting and equipment

-

10% on cost

Office equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks

Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank overdraft, bank loans and directors' loans.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern

The company has a deficit on the balance sheet and relies on the support of its shareholder and creditors, which has been confirmed for a period of at least twelve months from the approval of the financial statements. Accordingly the director has prepared the financial statements on the going concern basis.

3.	Employees and directors

The average number of employees during the year was 5 (2024 - 5 ) .

4.	Tangible fixed assets

Fixtures,

fitting

and

Office

equipment

equipment

Totals

£

£

£

Cost

At 1st November 2024

2,850

776

3,626

Additions

40,679

3,504

44,183

At 31st October 2025

43,529

4,280

47,809

Depreciation

At 1st November 2024

153

146

299

Charge for year

1,362

486

1,848

At 31st October 2025

1,515

632

2,147

Net book value

At 31st October 2025

42,014

3,648

45,662

At 31st October 2024

2,697

630

3,327

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

5,031

3,556

Other debtors

17,654

5,414

22,685

8,970

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

29,432

-

Trade creditors

16,011

2,492

Taxation and social security

12,265

2,035

Other creditors

14,866

-

72,574

4,527

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

36,371

-

8.	Director's advances, credits and guarantees

Included within other debtors are the following loans to directors:

at 31 Oct

Amount

Amount

at 31 Oct

2024

Advanced

Repaid

2025

Director

5,414

23,409

(16,943

)

11,880

This loan is unsecured, repayable on demand and interest has been charged at the official rates published by HMRC.