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Registered number: 03991383
Wadebridge Chiropractic Clinic Limited
Unaudited Financial Statements
For The Year Ended 30 April 2026
Jennings Accountancy and Tax
SAW 7, Prow Park
Treloggan Industrial Estate
Newquay
Cornwall
TR7 2SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03991383
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,629 23,085
19,629 23,085
CURRENT ASSETS
Stocks 5 836 1,535
Debtors 6 41,714 15,443
Cash at bank and in hand 13,900 18,875
56,450 35,853
Creditors: Amounts Falling Due Within One Year 7 (71,877 ) (111,910 )
NET CURRENT ASSETS (LIABILITIES) (15,427 ) (76,057 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,202 (52,972 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,241 ) -
NET ASSETS/(LIABILITIES) 961 (52,972 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 861 (53,072 )
SHAREHOLDERS' FUNDS 961 (52,972)
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Page 2
For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
J D Louw
Director
13 October 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wadebridge Chiropractic Clinic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03991383 . The registered office is High Sheriffs House, Trenowth, Grampound Road Truro, Cornwall, TR2 4EH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Leasehold 24 years, straight line
Plant & Machinery 20% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.5. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2025: 4)
4 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 May 2025 19,887 126,093 145,980
Additions - 618 618
As at 30 April 2026 19,887 126,711 146,598
Depreciation
As at 1 May 2025 12,388 110,507 122,895
Provided during the period 833 3,241 4,074
As at 30 April 2026 13,221 113,748 126,969
Net Book Value
As at 30 April 2026 6,666 12,963 19,629
As at 1 May 2025 7,499 15,586 23,085
5. Stocks
2026 2025
£ £
Stock 836 1,535
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 120 326
Other debtors 41,594 15,117
41,714 15,443
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7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 12,232 12,740
Bank loans and overdrafts 2,302 43,293
Other creditors 5,678 5,901
Taxation and social security 51,665 49,976
71,877 111,910
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2025 Amounts advanced Amounts repaid Amounts written off As at 30 April 2026
£ £ £ £ £
Mr Jan Louw 7,559 12,736 - - 20,295
Mrs Nicolette Louw 7,559 12,736 - - 20,295
The above loans are unsecured, subject to interest at 4% where the balance is over £10,000 and are repayable on demand.
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