Advanced Spinal and Sports Physiotherapy CLinic Limited iXBRL

Advanced Spinal and Sports Physiotherapy CLinic Limited

Unaudited Abridged Financial Statements

for the year ended 31 December 2018

Advanced Spinal and Sports Physiotherapy CLinic Limited

DIRECTOR'S REPORT

for the year ended 31 December 2018

The director presents their report and the unaudited financial statements for the year ended 31 December 2018.

Director

The director who served during the year is as follows:

Robert Joseph Caraher

There were no changes in shareholdings between 31 December 2018 and the date of signing the financial statements.

In accordance with the Constitution, the director retire by rotation and, being eligible, offer themselves for re-election.

Political Contributions

The company did not make any disclosable political donations in the current year.

Statement of director's Responsibilities and Declaration on Unaudited Financial Statements

The director made the following statement in respect of the unaudited financial statements:

"General responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless they is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and apply them consistently;
-	make judgements and accounting estimates that are reasonable and prudent.
As explained in note 3, the director does not consider the going concern basis to be appropriate and these financial statements have therefore not been prepared on that basis.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Director's declaration on unaudited financial statements

In relation to the financial statements comprising the Profit and Loss Account, the Balance Sheet, the Accounting Policies and the related notes:

The director approves these financial statements and confirms that they is responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them.

The director confirms that they has made available to Niall Smith Accountancy Services Ltd, all the company's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements.

The director confirms that to the best of their knowledge and belief, the accounting records reflect all the transactions of the company for the year ended 31 December 2018."

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

Robert Joseph Caraher

Director

6 March 2019

Advanced Spinal and Sports Physiotherapy CLinic Limited

ABRIDGED PROFIT AND LOSS ACCOUNT

for the year ended 31 December 2018

		2018		2017
	Notes	£		£

Gross profit		1,735		5,470
Administrative expenses		(3,818)		(56,812)
		─────────		─────────
Operating loss		(2,083)		(51,342)
Exceptional items		(11,091)		-
		─────────		─────────
Loss before taxation		(13,174)		(51,342)
Tax on loss		(11)		-
		─────────		─────────
Loss for the year		(13,185)		(51,342)
		─────────		─────────
Total comprehensive income		(13,185)		(51,342)
		═════════		═════════

Advanced Spinal and Sports Physiotherapy CLinic Limited

Company Number: NI604107

ABRIDGED BALANCE SHEET

as at 31 December 2018

			2018		2017
		Notes	£		£
Fixed Assets

Tangible assets		6	-		2,030
			─────────		─────────
Current Assets

Debtors			662		11,432
Cash and cash equivalents			-		785
			─────────		─────────
			662		12,217
			─────────		─────────
Creditors: Amounts falling due within one year			-		(400)
			─────────		─────────
Net Current Assets			662		11,817
			─────────		─────────
Total Assets less Current Liabilities			662		13,847
			═════════		═════════
Capital and Reserves

Called up share capital			10		10
Profit and Loss Account			652		13,837
			─────────		─────────
Equity attributable to owners of the company			662		13,847
			═════════		═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

For the financial year ended 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that 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 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 6 March 2019

________________________________
Robert Joseph Caraher
Director

Advanced Spinal and Sports Physiotherapy CLinic Limited

RECONCILIATION OF SHAREHOLDERS' FUNDS

as at 31 December 2018

	Share	Retained	Total
	capital	earnings
	£	£	£
At 1 January 2017	10	65,179	65,189
	─────────	─────────	─────────
Loss for the year	-	(51,342)	(51,342)
	─────────	─────────	─────────
At 31 December 2017	10	13,837	13,847
	─────────	─────────	─────────
Loss for the year	-	(13,185)	(13,185)
	─────────	─────────	─────────
At 31 December 2018	10	652	662
	═════════	═════════	═════════

Advanced Spinal and Sports Physiotherapy CLinic Limited

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the year ended 31 December 2018

1.	GENERAL INFORMATION
	Advanced Spinal and Sports Physiotherapy CLinic Limited is a company limited by shares incorporated in Northern Ireland. 76 Carrigenagh Road, Killkeel, Newry, Co. Down, BT34 4PZ , Northern Ireland is the registered office, which is also the principal place of business of the company. . The principal activity of the company is that of a physio therapy clinic. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

2.	ACCOUNTING POLICIES
	The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s financial statements.
	Statement of compliance
	The financial statements of the company for the year ended 31 December 2018 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
	Basis of preparation
	As explained in note 3 to the financial statements, the director does not consider the going concern basis to be appropriate and these financial statements have therefore not been prepared on that basis. The financial statements have been prepared under the  historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
	Cash flow statement
	The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Cash Flow Statement because it is classified as a small company.
	Turnover
	Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:
		Fixtures, fittings and equipment	-	15% Straight line
	The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
	Goodwill
	Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 0 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
	Trade and other debtors
	Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
	Trade and other creditors
	Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
	Taxation and deferred taxation
	Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
	Foreign currencies
	Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
	Share capital of the company
	Ordinary share capital
	The ordinary share capital of the company is presented as equity.
	Exceptional item
	Exceptional items are those that the directors' view are required to be separately disclosed by virtue of their size or incidence to enable a full understanding of the company's financial performance.

3.	GOING CONCERN
	Due the personal illness the director decided to close down the business.

4.	EMPLOYEES
	The average monthly number of employees, including director, during the year was 1, (2017 - 1).
		2018	2017
		Number	Number
	Physiotherapist	1	1
		═════════	═════════

5.	INTANGIBLE FIXED ASSETS
		Goodwill	Total
		£	£
	Cost
	At 1 January 2018	125,000	125,000
		─────────	─────────
	At 31 December 2018	125,000	125,000
		─────────	─────────
	Amortisation
	At 31 December 2018	125,000	125,000
		─────────	─────────
	Net book value
	At 31 December 2018	-	-
		═════════	═════════
	The business stopped using the premises in Banbridge Enterprise Centre and this is where the goodwill was linked to which would have an effect on the companies turnover.

6.	TANGIBLE FIXED ASSETS
		Fixtures,	Total
		fittings and
		equipment
		£	£
	Cost
	At 1 January 2018	20,746	20,746
	Disposals	(20,746)	(20,746)
		─────────	─────────
	At 31 December 2018	-	-
		─────────	─────────
	Depreciation
	At 1 January 2018	18,716	18,716
	On disposals	(18,716)	(18,716)
		─────────	─────────
	At 31 December 2018	-	-
		─────────	─────────
	Net book value
	At 31 December 2018	-	-
		═════════	═════════
	At 31 December 2017	2,030	2,030
		═════════	═════════

7.	CAPITAL COMMITMENTS
	The company had no material capital commitments at the year-ended 31 December 2018.

8.	POST-BALANCE SHEET EVENTS
	There have been no significant events affecting the company since the year-end.