REGISTERED NUMBER: 11082785 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2025

for

True Physio Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Sulaman

D A Dudley

SECRETARY:

Ms L J Caunce

REGISTERED OFFICE:

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

REGISTERED NUMBER:

11082785 (England and Wales)

ACCOUNTANTS:

Robin Oatridge & Co Limited

Chartered Certified Accountants

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

FIXED ASSETS

Intangible assets

4

35,186

50,321

Tangible assets

5

65,541

84,574

Investments

6

281,499

281,499

382,226

416,394

CURRENT ASSETS

Stocks

9,769

9,769

Debtors

7

106,066

110,170

Cash at bank and in hand

4,597

6,491

120,432

126,430

CREDITORS

Amounts falling due within one year

8

189,704

215,762

NET CURRENT LIABILITIES

(69,272

)

(89,332

)

TOTAL ASSETS LESS CURRENT LIABILITIES

312,954

327,062

CREDITORS

Amounts falling due after more than one year

9

1,083,833

756,833

NET LIABILITIES

(770,879

)

(429,771

)

CAPITAL AND RESERVES

Called up share capital

7

7

Retained earnings

(770,886

)

(429,778

)

SHAREHOLDERS' FUNDS

(770,879

)

(429,771

)

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd September 2026 and were signed on its behalf by:

D A Dudley - Director

1.	STATUTORY INFORMATION

True Physio Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% on cost

Plant and machinery etc

-

Straight line over 5 years and Straight line over 3 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the shareholder that they will continue to give financial support to the company for the twelve months from the date of signing these financial accounts.

On this basis, the directors considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 38 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1st January 2025

and 31st December 2025

100,000

23,501

123,501

AMORTISATION

At 1st January 2025

61,739

11,441

73,180

Charge for year

10,435

4,700

15,135

At 31st December 2025

72,174

16,141

88,315

NET BOOK VALUE

At 31st December 2025

27,826

7,360

35,186

At 31st December 2024

38,261

12,060

50,321

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2025

16,581

168,255

184,836

Additions

4,298

8,178

12,476

At 31st December 2025

20,879

176,433

197,312

DEPRECIATION

At 1st January 2025

4,959

95,303

100,262

Charge for year

1,837

29,672

31,509

At 31st December 2025

6,796

124,975

131,771

NET BOOK VALUE

At 31st December 2025

14,083

51,458

65,541

At 31st December 2024

11,622

72,952

84,574

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2025

and 31st December 2025

281,499

NET BOOK VALUE

At 31st December 2025

281,499

At 31st December 2024

281,499

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

80,506

96,496

Amounts owed by group undertakings

1,546

518

Other debtors

16,764

5,906

98,816

102,920

Amounts falling due after more than one year:

Other debtors

7,250

7,250

Aggregate amounts

106,066

110,170

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

43,603

46,230

Trade creditors

29,229

23,916

Amounts owed to group undertakings

12,720

13,054

Taxation and social security

92,033

113,060

Other creditors

12,119

19,502

189,704

215,762

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

5,000

Other creditors

1,083,833

751,833

1,083,833

756,833

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

36,634

58,559

Between one and five years

68,287

104,921

104,921

163,480

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

38,603

36,230

12.	RELATED PARTY DISCLOSURES

The company has received loans of £1,083,833 (2024 £751,833) from the shareholders which remained outstanding at the year end. No interest is charged on these loans by agreement.

The directors have provided personal guarantees as additional security for the banking facility.

13.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.