Oxford Circus Physiotherapy Limited Filleted accounts for Companies House (small and micro)

Oxford Circus Physiotherapy Limited Filleted accounts for Companies House (small and micro)

OXFORD CIRCUS PHYSIOTHERAPY LIMITED - Company Information

Print Friendly Version

false false false false false false false false false true false false true true true true true No description of principal activity 2018-04-01 Sage Accounts Production Advanced 2019 - FRS102_2014 15,000 6,000 3,000 9,000 6,000 9,000 xbrli:pure xbrli:shares iso4217:GBP 08438271 2018-04-01 2019-03-31 08438271 2019-03-31 08438271 2018-03-31 08438271 2017-04-01 2018-03-31 08438271 2018-03-31 08438271 core:NetGoodwill 2018-04-01 2019-03-31 08438271 core:FurnitureFittings 2018-04-01 2019-03-31 08438271 core:MotorVehicles 2018-04-01 2019-03-31 08438271 bus:RegisteredOffice 2018-04-01 2019-03-31 08438271 bus:LeadAgentIfApplicable 2018-04-01 2019-03-31 08438271 bus:Director1 2018-04-01 2019-03-31 08438271 bus:Director2 2018-04-01 2019-03-31 08438271 core:NetGoodwill 2018-03-31 08438271 core:NetGoodwill 2019-03-31 08438271 core:FurnitureFittings 2018-03-31 08438271 core:MotorVehicles 2018-03-31 08438271 core:FurnitureFittings 2019-03-31 08438271 core:MotorVehicles 2019-03-31 08438271 core:WithinOneYear 2019-03-31 08438271 core:WithinOneYear 2018-03-31 08438271 core:ShareCapital 2019-03-31 08438271 core:ShareCapital 2018-03-31 08438271 core:CapitalRedemptionReserve 2019-03-31 08438271 core:CapitalRedemptionReserve 2018-03-31 08438271 core:RetainedEarningsAccumulatedLosses 2019-03-31 08438271 core:RetainedEarningsAccumulatedLosses 2018-03-31 08438271 core:NetGoodwill 2018-03-31 08438271 core:FurnitureFittings 2018-03-31 08438271 core:MotorVehicles 2018-03-31 08438271 bus:SmallEntities 2018-04-01 2019-03-31 08438271 bus:AuditExempt-NoAccountantsReport 2018-04-01 2019-03-31 08438271 bus:FullAccounts 2018-04-01 2019-03-31 08438271 bus:SmallCompaniesRegimeForAccounts 2018-04-01 2019-03-31 08438271 bus:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31 08438271 core:ComputerEquipment 2018-04-01 2019-03-31 08438271 core:ComputerEquipment 2018-03-31 08438271 core:ComputerEquipment 2019-03-31
COMPANY REGISTRATION NUMBER: 08438271
OXFORD CIRCUS PHYSIOTHERAPY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2019
OXFORD CIRCUS PHYSIOTHERAPY LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2019
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
OXFORD CIRCUS PHYSIOTHERAPY LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
D A Harris
J R Harris
Registered office
Lynton House
Tavistock Square
London
England
WC1H 9BQ
Accountants
BSG Valentine (UK) LLP
Chartered Accountants
Lynton House
7 - 12 Tavistock Square
London
WC1H 9BQ
OXFORD CIRCUS PHYSIOTHERAPY LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2019
2019
2018
Note
£
£
£
£
Fixed assets
Intangible assets
5
6,000
9,000
Tangible assets
6
21,128
15,528
--------
--------
27,128
24,528
Current assets
Debtors
7
2,100
–
Cash at bank and in hand
183,266
131,309
---------
---------
185,366
131,309
Creditors: amounts falling due within one year
8
67,925
76,696
---------
---------
Net current assets
117,441
54,613
---------
--------
Total assets less current liabilities
144,569
79,141
---------
--------
Net assets
144,569
79,141
---------
--------
Capital and reserves
Called up share capital
75
75
Capital redemption reserve
25
25
Profit and loss account
144,469
79,041
---------
--------
Shareholders funds
144,569
79,141
---------
--------
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 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 income statement has not been delivered.
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
OXFORD CIRCUS PHYSIOTHERAPY LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2019
These financial statements were approved by the board of directors and authorised for issue on 22 November 2019 , and are signed on behalf of the board by:
D A Harris
Director
Company registration number: 08438271
OXFORD CIRCUS PHYSIOTHERAPY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lynton House, Tavistock Square, London, WC1H 9BQ, England.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
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
-
20% 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:
Fixtures and fittings
-
20% straight line
Motor vehicles
-
33% straight line
Equipment
-
20% 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.
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 4 (2018: 4 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2018 and 31 March 2019
15,000
--------
Amortisation
At 1 April 2018
6,000
Charge for the year
3,000
--------
At 31 March 2019
9,000
--------
Carrying amount
At 31 March 2019
6,000
--------
At 31 March 2018
9,000
--------
6. Tangible assets
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 April 2018
12,870
15,990
3,308
32,168
Additions
6,152
–
9,277
15,429
--------
--------
--------
--------
At 31 March 2019
19,022
15,990
12,585
47,597
--------
--------
--------
--------
Depreciation
At 1 April 2018
10,357
5,716
567
16,640
Charge for the year
2,035
5,277
2,517
9,829
--------
--------
--------
--------
At 31 March 2019
12,392
10,993
3,084
26,469
--------
--------
--------
--------
Carrying amount
At 31 March 2019
6,630
4,997
9,501
21,128
--------
--------
--------
--------
At 31 March 2018
2,513
10,274
2,741
15,528
--------
--------
--------
--------
7. Debtors
2019
2018
£
£
Trade debtors
2,100
–
-------
----
8. Creditors: amounts falling due within one year
2019
2018
£
£
Trade creditors
12,760
16,980
Corporation tax
48,622
42,379
Social security and other taxes
1,613
1,472
Other creditors
4,930
15,865
--------
--------
67,925
76,696
--------
--------