Le Roux Chiropractic Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04604110 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Le Roux Chiropractic Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D A Underwood

B Underwood

REGISTERED OFFICE:

22 Colliers Walk

Nailsea

North Somerset

Bristol

North Somerset

BS48 1RG

REGISTERED NUMBER:

04604110 (England and Wales)

ACCOUNTANTS:

Crossley and Co.

Royal Mews

St Georges Place

Cheltenham

Gloucestershire

GL50 3PQ

FIXED ASSETS

Intangible assets

4

11,700

15,600

Tangible assets

5

12,112

6,016

23,812

21,616

CURRENT ASSETS

Stocks

6

995

1,012

Debtors

7

3,060

3,349

Cash at bank

20,508

12,668

24,563

17,029

CREDITORS

Amounts falling due within one year

8

12,164

8,994

NET CURRENT ASSETS

12,399

8,035

TOTAL ASSETS LESS CURRENT LIABILITIES

36,211

29,651

PROVISIONS FOR LIABILITIES

9

2,266

1,100

NET ASSETS

33,945

28,551

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

11

33,943

28,549

SHAREHOLDERS' FUNDS

33,945

28,551

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 24 September 2020 and were signed on its behalf by:

Mrs D A Underwood - Director

1.	STATUTORY INFORMATION

Le Roux Chiropractic 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

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

slow moving items.

Taxation

Taxation for the year 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 year 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.

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 5 (2018 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2019

and 31 December 2019

78,000

AMORTISATION

At 1 January 2019

62,400

Amortisation for year

3,900

At 31 December 2019

66,300

NET BOOK VALUE

At 31 December 2019

11,700

At 31 December 2018

15,600

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2019

-

47,868

47,868

Additions

7,600

-

7,600

At 31 December 2019

7,600

47,868

55,468

DEPRECIATION

At 1 January 2019

-

41,852

41,852

Charge for year

-

1,504

1,504

At 31 December 2019

-

43,356

43,356

NET BOOK VALUE

At 31 December 2019

7,600

4,512

12,112

At 31 December 2018

-

6,016

6,016

6.

STOCKS

31.12.19

31.12.18

£

£

Stocks

995

1,012

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

1,372

1,661

Prepayments

1,688

1,688

3,060

3,349

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade creditors

1,131

723

Tax

9,105

7,224

Social security and other taxes

679

196

Accrued expenses

1,249

851

12,164

8,994

9.	PROVISIONS FOR LIABILITIES

31.12.19

31.12.18

£

£

Deferred tax

2,266

1,100

Deferred

tax

£

Balance at 1 January 2019

1,100

Provided during year

1,166

Balance at 31 December 2019

2,266

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.19

31.12.18

value:

£

£

2

Ordinary

1

2

2

11.

RESERVES

Retained

earnings

£

At 1 January 2019

28,549

Profit for the year

39,890

Dividends

(34,496

)

At 31 December 2019

33,943