Ascot Chiropractic Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08908626 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2018 to 31 December 2018

for

Ascot Chiropractic Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr S Garratt

REGISTERED OFFICE:

5a Frascati Way

Maidenhead

Berkshire

SL6 4UY

REGISTERED NUMBER:

08908626 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

5a Frascati Way

Maidenhead

Berkshire

SL6 4UY

FIXED ASSETS

Intangible assets

4

94,998

113,998

Tangible assets

5

10,811

5,637

105,809

119,635

CURRENT ASSETS

Debtors

6

1,775

2,268

Cash at bank

212,471

158,453

214,246

160,721

CREDITORS

Amounts falling due within one year

7

(129,032

)

(108,353

)

NET CURRENT ASSETS

85,214

52,368

TOTAL ASSETS LESS CURRENT
LIABILITIES

191,023

172,003

PROVISIONS FOR LIABILITIES

(2,054

)

(1,071

)

NET ASSETS

188,969

170,932

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

188,869

170,832

SHAREHOLDERS' FUNDS

188,969

170,932

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 15 February 2019 and were signed by:

Dr S Garratt - Director

1.	STATUTORY INFORMATION

Ascot Chiropractic Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In the application of the company's accounting policies the directors are required to make

judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are

not readily apparent from other sources. The estimates and associated assumptions are based on

historical experience and other factors that are considered to be relevant. Actual results may differ

from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to

accounting estimates are recognised in the period in which the estimate is revised if the revision

affects only that period, or in the period of the revision and future periods if the revision affects

both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the purpose

of services in the ordinary nature of the business.

Turnover is recognised at the point that chiropractic treatment is provided to a patient.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2018 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 December 2018

189,998

AMORTISATION

At 1 April 2018

76,000

Charge for period

19,000

At 31 December 2018

95,000

NET BOOK VALUE

At 31 December 2018

94,998

At 31 March 2018

113,998

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

9,752

Additions

8,390

At 31 December 2018

18,142

DEPRECIATION

At 1 April 2018

4,115

Charge for period

3,216

At 31 December 2018

7,331

NET BOOK VALUE

At 31 December 2018

10,811

At 31 March 2018

5,637

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.3.18

£

Other debtors

1,775

2,268

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.3.18

£

Taxation and social security

48,805

29,126

Other creditors

80,227

79,227

129,032

108,353

8.	LEASING AGREEMENTS

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

31.12.18

31.3.18

£

Within one year

10,455

Between one and five years

18,296

28,751

39,206

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Dr S Garratt.

Ascot Chiropractic Limited - Accounts to registrar (filleted) - small 18.2

Ascot Chiropractic Limited - Accounts to registrar (filleted) - small 18.2