Compression Therapy Uk Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08659492 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2019

for

Compression Therapy Uk Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs N Northen Ellis

REGISTERED OFFICE:

Primrose Cottage

Newlands Lane

Stoke Row

Henley on Thames

Oxfordshire

RG9 5PS

REGISTERED NUMBER:

08659492 (England and Wales)

ACCOUNTANT:

J N Flanagan ATT (Fellow)

The Granary,

Hones Yard,

1 Waverley Lane,

Farnham,

Surrey

GU9 8BB

FIXED ASSETS

Tangible assets

4

717

710

CURRENT ASSETS

Stocks

584

-

Debtors

5

1,024

10,738

Cash at bank

17,361

-

18,969

10,738

CREDITORS

Amounts falling due within one year

6

7,652

9,860

NET CURRENT ASSETS

11,317

878

TOTAL ASSETS LESS CURRENT LIABILITIES

12,034

1,588

PROVISIONS FOR LIABILITIES

135

135

NET ASSETS

11,899

1,453

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

11,898

1,452

SHAREHOLDERS' FUNDS

11,899

1,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 27 May 2020 and were signed by:

Mrs N Northen Ellis - Director

1.	STATUTORY INFORMATION

Compression Therapy Uk Ltd. 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 etc

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2018

1,965

Additions

500

At 31 August 2019

2,465

DEPRECIATION

At 1 September 2018

1,255

Charge for year

493

At 31 August 2019

1,748

NET BOOK VALUE

At 31 August 2019

717

At 31 August 2018

710

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade debtors

(681

)

1,405

Other debtors

1,705

9,333

1,024

10,738

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Bank loans and overdrafts

-

4,627

Trade creditors

123

(1

)

Taxation and social security

6,076

3,634

Other creditors

1,453

1,600

7,652

9,860

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2019 and

31 August 2018:

31.8.19

31.8.18

£

£

Mrs N Northen Ellis

Balance outstanding at start of year

2,029

4,011

Amounts repaid

(2,232

)

(1,982

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(203

)

2,029

8.	RELATED PARTY DISCLOSURES

During the year, the company made a loan of £6,000 to Body Ballancer Systems UK Ltd, a company in which

the director has a 50% shareholding and is also a director. The loan is considered fully recoverable.