Company Registration No. NI640139 (Northern Ireland)
Paul Flynn Physiotherapy Limited
Unaudited accounts
for the year ended 31 March 2022
Paul Flynn Physiotherapy Limited
Unaudited accounts
Contents
Paul Flynn Physiotherapy Limited
Company Information
for the year ended 31 March 2022
Company Number
NI640139 (Northern Ireland)
Registered Office
7 The Precinct
23 South Street
Newtownards
BT23 4JT
Northern Ireland
Accountants
Gray + Press Accountants Limited
Unit 2 Channel Wharf
21 Old Channel Road
Belfast
BT3 9DE
Paul Flynn Physiotherapy Limited
Statement of financial position
as at 31 March 2022
Tangible assets
7,369
7,138
Cash at bank and in hand
4,917
5,114
Creditors: amounts falling due within one year
(13,499)
(10,558)
Net current liabilities
(8,582)
(3,994)
Called up share capital
100
100
Profit and loss account
1,169
3,044
Shareholders' funds
1,269
3,144
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 August 2022 and were signed on its behalf by
Paul John Flynn
Director
Company Registration No. NI640139
Paul Flynn Physiotherapy Limited
Notes to the Accounts
for the year ended 31 March 2022
Paul Flynn Physiotherapy Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI640139. The registered office is 7 The Precinct, 23 South Street, Newtownards, BT23 4JT, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Paul Flynn Physiotherapy Limited
Notes to the Accounts
for the year ended 31 March 2022
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
-
2,463
14,866
17,329
At 31 March 2022
-
2,463
17,021
19,484
At 1 April 2021
-
1,664
8,527
10,191
Charge for the year
200
-
1,724
1,924
At 31 March 2022
200
1,664
10,251
12,115
At 31 March 2022
(200)
799
6,770
7,369
At 31 March 2021
-
799
6,339
7,138
6
Debtors: amounts falling due within one year
2022
2021
7
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
7,583
4,450
Loans from directors
3,892
4,145
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).
