AJM Podiatry Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09924211

Unaudited Financial Statements for the Year Ended 30 April 2020

for

AJM Podiatry Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A J Mayo

REGISTERED OFFICE:

Unit 3 Building 2

The Colony Buildings

Altrincham

Wilmslow

Cheshire

SK9 4LY

REGISTERED NUMBER:

09924211

ACCOUNTANTS:

Account-Angels (North West) Limited

Uglow Farm

Broadhead Road

Edgworth

Bolton

BL7 0JN

FIXED ASSETS

Intangible assets

4

6,000

7,000

Tangible assets

5

3,878

3,754

9,878

10,754

CURRENT ASSETS

Stocks

8,001

-

Debtors

6

3,657

-

Cash at bank

9,700

773

21,358

773

CREDITORS

Amounts falling due within one year

7

28,998

10,314

NET CURRENT LIABILITIES

(7,640

)

(9,541

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,238

1,213

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,236

1,211

SHAREHOLDERS' FUNDS

2,238

1,213

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 29 January 2021 and were signed by:

A J Mayo - Director

1.	STATUTORY INFORMATION

AJM Podiatry Limited is a private company, limited by shares , registered in Not specified/Other. 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 2015, is being amortised evenly over its estimated useful life of ten 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.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2019

and 30 April 2020

10,000

AMORTISATION

At 1 May 2019

3,000

Charge for year

1,000

At 30 April 2020

4,000

NET BOOK VALUE

At 30 April 2020

6,000

At 30 April 2019

7,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2019

6,668

700

7,368

Additions

-

1,347

1,347

At 30 April 2020

6,668

2,047

8,715

DEPRECIATION

At 1 May 2019

3,124

490

3,614

Charge for year

709

514

1,223

At 30 April 2020

3,833

1,004

4,837

NET BOOK VALUE

At 30 April 2020

2,835

1,043

3,878

At 30 April 2019

3,544

210

3,754

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Other debtors

3,657

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Taxation and social security

1,491

233

Other creditors

27,507

10,081

28,998

10,314