Touch 4 Health Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05516116

Touch 4 Health Limited

Filleted Unaudited Financial Statements

31 July 2024

Touch 4 Health Limited

Statement of Financial Position

31 July 2024

	2024		2023
Note	£	£	£

Fixed assets

Intangible assets	7	47,467	53,867
Tangible assets	8	20,735	26,671
		--------	--------
		68,202	80,538

Current assets

Debtors	9	266,209	302,487
Cash at bank and in hand		7,105	3,916
		---------	---------
		273,314	306,403

Creditors: amounts falling due within one year	10	145,500		154,075
		---------		---------
Net current assets			127,814	152,328
			---------	---------
Total assets less current liabilities			196,016	232,866

Creditors: amounts falling due after more than one year	11		40,595	66,010

Provisions

Taxation including deferred tax	5,184	6,668
	---------	---------
Net assets	150,237	160,188
	---------	---------

Capital and reserves

Called up share capital	13	1,000	1,000
Profit and loss account	14	149,237	159,188
		---------	---------
Shareholders funds		150,237	160,188
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Touch 4 Health Limited

Statement of Financial Position (continued)

31 July 2024

These financial statements were approved by the board of directors and authorised for issue on 28 November 2025 , and are signed on behalf of the board by:

Dr C Ellis
Director

Company registration number: 05516116

Touch 4 Health Limited

Notes to the Financial Statements

Year ended 31 July 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sheen Road Chiropractic, 126A Sheen Road, Richmond, Surrey, TW9 1UR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	4% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property	-	5% straight line
Fixtures & Fittings	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2023: 7 ).

5. Tax on profit

Major components of tax expense

	2024	2023
	£	£

Current tax:

UK current tax expense	12,926	6,851
Adjustments in respect of prior periods	–	( 326)
	--------	-------
Total current tax	12,926	6,525
	--------	-------

Deferred tax:

Origination and reversal of timing differences	( 1,484)	( 1,278)
	--------	-------
Tax on profit	11,442	5,247
	--------	-------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2023: higher than) the standard rate of corporation tax in the UK of 25 % (2023: 21 %).

	2024	2023
	£	£
Profit on ordinary activities before taxation	41,491	24,111
	--------	--------
Profit on ordinary activities by rate of tax	10,373	5,063
Adjustment to tax charge in respect of prior periods	–	( 326)
Effect of expenses not deductible for tax purposes	2,168	603
Effect of capital allowances and depreciation	1,422	1,634
Effect of different UK tax rates on some earnings	(1,037)	(449)
Deferred taxation	(1,484)	(1,278)
	--------	--------
Tax on profit	11,442	5,247
	--------	--------

6. Dividends

	2024	2023
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	40,000	25,000
	--------	--------

7. Intangible assets

	Goodwill
	£
Cost
At 1 August 2023 and 31 July 2024	160,000
	---------
Amortisation
At 1 August 2023	106,133
Charge for the year	6,400
	---------
At 31 July 2024	112,533
	---------
Carrying amount
At 31 July 2024	47,467
	---------
At 31 July 2023	53,867
	---------

8. Tangible assets

	Land and buildings	Fixtures and fittings	Total
	£	£	£
Cost
At 1 August 2023	12,114	195,844	207,958
Additions	–	360	360
	--------	---------	---------
At 31 July 2024	12,114	196,204	208,318
	--------	---------	---------
Depreciation
At 1 August 2023	7,874	173,413	181,287
Charge for the year	606	5,690	6,296
	--------	---------	---------
At 31 July 2024	8,480	179,103	187,583
	--------	---------	---------
Carrying amount
At 31 July 2024	3,634	17,101	20,735
	--------	---------	---------
At 31 July 2023	4,240	22,431	26,671
	--------	---------	---------

9. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	101,700	101,700
Other debtors	164,509	200,787
	---------	---------
	266,209	302,487
	---------	---------

10. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	37,017	29,627
Trade creditors	3,745	6,250
Corporation tax	74,821	76,139
Social security and other taxes	14,754	20,404
Other creditors	15,163	21,655
	---------	---------
	145,500	154,075
	---------	---------

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

	2024	2023
	£	£
Bank loans and overdrafts	40,595	66,010
	--------	--------

12. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions	5,184	6,668
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Accelerated capital allowances	5,184	6,668
	-------	-------

13. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

14. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

15. Director's advances, credits and guarantees

16. Related party transactions

The company was under the control of Ms Camilla Ellis throughout the current and previous year. Ms Camilla Ellis is the managing director and sole shareholder.