Four Paws Hydrotherapy Limited Filleted accounts for Companies House (small and micro)
Four Paws Hydrotherapy Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
06661506
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
6 |
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Current assets
Stocks |
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Debtors |
7 |
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Cash at bank and in hand |
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-------- |
------- |
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Creditors: amounts falling due within one year |
8 |
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-------- |
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Net current assets/(liabilities) |
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(
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
9 |
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Net assets/(liabilities) |
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(
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Capital and reserves
Called up share capital |
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Profit and loss account |
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(
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------- |
---- |
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Shareholders funds/(deficit) |
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(
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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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
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
23 April 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
06661506
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Notes to the Financial Statements |
Year ended 31 July 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 9 The Whitehouse Farm Centre, Stannington, Morpeth, NE61 6AW.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
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:
Property Improvements |
- |
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Plant & Equipment |
- |
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Fixtures & Fittings |
- |
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Motor Vehicles |
- |
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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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Finance leases and hire purchase contracts
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2019:
1
).
5.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 1 August 2019 and 31 July 2020 |
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Amortisation |
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At 1 August 2019 and 31 July 2020 |
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Carrying amount |
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At 31 July 2020 |
– |
-------- |
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At 31 July 2019 |
– |
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6.
Tangible assets
Land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 August 2019 and 31 July 2020 |
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Depreciation |
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At 1 August 2019 |
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Charge for the year |
– |
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At 31 July 2020 |
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Carrying amount |
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At 31 July 2020 |
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At 31 July 2019 |
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7.
Debtors
2020 |
2019 |
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£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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– |
Other debtors |
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8.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Bank loans and overdrafts |
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Other creditors |
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9.
Creditors:
amounts falling due after more than one year
2020 |
2019 |
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£ |
£ |
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Bank loans and overdrafts |
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Other creditors |
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10.
Director's advances, credits and guarantees
Included within other creditors, there is a directors loan balance of £12,708 (2019: £12,308).
11.
Related party transactions
The company was under the control of Mr
T Dixon
throughout the current and previous year. Mr T Dixon
is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.