Optimus Chiropractic and Physiotherapy Limited Filleted accounts for Companies House (small and micro)

Optimus Chiropractic and Physiotherapy Limited Filleted accounts for Companies House (small and micro)

OPTIMUS CHIROPRACTIC AND PHYSIOTHERAPY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08215091
Optimus Chiropractic and Physiotherapy Limited
Filleted Unaudited Financial Statements
30 September 2019
Optimus Chiropractic and Physiotherapy Limited
Financial Statements
Year ended 30 September 2019
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Optimus Chiropractic and Physiotherapy Limited
Statement of Financial Position
30 September 2019
2019
2018
Note
£
£
£
Fixed assets
Tangible assets
5
2,152
530
Current assets
Debtors
6
13,881
5,316
Cash at bank and in hand
14,889
16,305
--------
--------
28,770
21,621
Creditors: amounts falling due within one year
7
22,016
21,787
--------
--------
Net current assets/(liabilities)
6,754
( 166)
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----
Total assets less current liabilities
8,906
364
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----
Net assets
8,906
364
-------
----
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
8,806
264
-------
----
Shareholders funds
8,906
364
-------
----
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 statement of comprehensive income has not been delivered.
For the year ending 30 September 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 .
Optimus Chiropractic and Physiotherapy Limited
Statement of Financial Position (continued)
30 September 2019
These financial statements were approved by the board of directors and authorised for issue on 16 June 2020 , and are signed on behalf of the board by:
J Scrimshaw
Director
Company registration number: 08215091
Optimus Chiropractic and Physiotherapy Limited
Notes to the Financial Statements
Year ended 30 September 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 49 High Street, Thornbury, South Gloucestershire, BS35 2AS, 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 and represents amounts receivable for services rendered, stated net of discounts.
Income tax
The taxation expense represents the aggregate amount of current 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Plant and machinery
-
25% straight line
Fixtures and 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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2018: 2 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Total
£
£
£
Cost
At 1 October 2018
8,202
945
9,147
Additions
–
2,178
2,178
-------
-------
--------
At 30 September 2019
8,202
3,123
11,325
-------
-------
--------
Depreciation
At 1 October 2018
8,031
586
8,617
Charge for the year
50
506
556
-------
-------
--------
At 30 September 2019
8,081
1,092
9,173
-------
-------
--------
Carrying amount
At 30 September 2019
121
2,031
2,152
-------
-------
--------
At 30 September 2018
171
359
530
-------
-------
--------
6. Debtors
2019
2018
£
£
Trade debtors
13,595
5,316
Other debtors
286
–
--------
-------
13,881
5,316
--------
-------
7. Creditors: amounts falling due within one year
2019
2018
£
£
Trade creditors
576
–
Corporation tax
17,842
18,359
Social security and other taxes
573
539
Other creditors
3,025
2,889
--------
--------
22,016
21,787
--------
--------
8. Called up share capital
Issued, called up and fully paid
2019
2018
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
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