The Forest Podiatry & Physiotherapy - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07184949 (England and Wales)

THE FOREST PODIATRY & PHYSIOTHERAPY

CLINIC LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2019 TO 28 FEBRUARY 2020

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr C J Gillingham

Miss J Kraushaar

REGISTERED OFFICE:

1 The Old School

The Square

Pennington

Lymington

Hampshire

SO41 8GN

REGISTERED NUMBER:

07184949 (England and Wales)

ACCOUNTANTS:

Rothmans LLP

Chartered Accountants

Fryern House

125 Winchester Road

Chandlers Ford

Hampshire

SO53 2DR

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Forest Podiatry & Physiotherapy Clinic Ltd for the period ended 28 February 2020 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Forest Podiatry & Physiotherapy Clinic Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Forest Podiatry & Physiotherapy Clinic Ltd and state those matters that we have agreed to state to the Board of Directors of The Forest Podiatry & Physiotherapy Clinic Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Forest Podiatry & Physiotherapy Clinic Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Forest Podiatry & Physiotherapy Clinic Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Forest Podiatry & Physiotherapy Clinic Ltd. You consider that The Forest Podiatry & Physiotherapy Clinic Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of The Forest Podiatry & Physiotherapy Clinic Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothmans LLP

Chartered Accountants

Fryern House

125 Winchester Road

Chandlers Ford

Hampshire

SO53 2DR

22 December 2020

FIXED ASSETS

Intangible assets

4

37,645

41,067

Tangible assets

5

7,998

15,318

45,643

56,385

CURRENT ASSETS

Stocks

11,640

17,800

Debtors

6

2,818

3,171

Cash at bank

24,363

48,967

38,821

69,938

CREDITORS

Amounts falling due within one year

7

31,772

95,052

NET CURRENT ASSETS/(LIABILITIES)

7,049

(25,114

)

TOTAL ASSETS LESS CURRENT LIABILITIES

52,692

31,271

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

52,592

31,171

SHAREHOLDERS' FUNDS

52,692

31,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2020 and were signed on its behalf by:

Mr C J Gillingham - Director

1.	STATUTORY INFORMATION

The Forest Podiatry & Physiotherapy Clinic Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 07184949 and the registered office is 1 The Old School, The Square, Pennington, Lymington, Hampshire, SO41 8GN.

The presentation currency is £ sterling.

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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The directors do not consider there to be any significant judgements or estimates.

Turnover

Turnover is derived from general medical practice activities, and is recognised once the service is provided.

Turnover represents net sales during the year adjusted for accrued and deferred income where applicable.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets and depreciation

All fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

Depreciation is provided at rates calculated to write off the costs less residual value of each asset over its expected useful life, as follows:

Fixtures and fittings

20% straight line

Plant and machinery

20% straight line

Improvements to property

10% straight line

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the income statement.

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 scheme. The pension costs charge represents contributions payable for the period by the company to the fund.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2019 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 28 February 2020

74,665

AMORTISATION

At 1 April 2019

33,598

Charge for period

3,422

At 28 February 2020

37,020

NET BOOK VALUE

At 28 February 2020

37,645

At 31 March 2019

41,067

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2019

and 28 February 2020

15,752

10,248

19,020

45,020

DEPRECIATION

At 1 April 2019

11,752

5,914

12,036

29,702

Charge for period

1,448

2,936

2,936

7,320

At 28 February 2020

13,200

8,850

14,972

37,022

NET BOOK VALUE

At 28 February 2020

2,552

1,398

4,048

7,998

At 31 March 2019

4,000

4,334

6,984

15,318

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

2,818

3,171

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

2,626

7,983

Corporation tax

21,689

15,921

Other creditors

633

2,534

Directors' current accounts

4,096

61,329

Accruals and deferred income

2,728

7,285

31,772

95,052