Midlands Physiotherapy Limited - Period Ending 2014-12-31

Registration number: 04954165

Midlands Physiotherapy Limited

Unaudited Abbreviated Accounts

for the Period from 1 April 2014 to 31 December 2014

 

Perrigo Consultants Limited
Chartered Certified Accountants
Old Anglo House
Mitton Street
Stourport on Severn
Worcestershire
DY13 9AQ

Midlands Physiotherapy Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Midlands Physiotherapy Limited
for the Period Ended 31 December 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Midlands Physiotherapy Limited for the period ended 31 December 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Midlands Physiotherapy Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Midlands Physiotherapy Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Midlands Physiotherapy Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Midlands Physiotherapy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Midlands Physiotherapy Limited. You consider that Midlands Physiotherapy Limited 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 accounts of Midlands Physiotherapy Limited. 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 accounts.

......................................

Perrigo Consultants Limited
Chartered Certified Accountants
Old Anglo House
Mitton Street
Stourport on Severn
Worcestershire
DY13 9AQ

7 September 2015

Page 1

Midlands Physiotherapy Limited
(Registration number: 04954165 )
Abbreviated Balance Sheet at 31 December 2014

		Note			31 December 2014 £			31 March 2014 £
Fixed assets
Tangible fixed assets					270			441
Current assets
Debtors					18,558			16,918
Cash at bank and in hand					10,460			7,286
					29,018			24,204
Creditors: Amounts falling due within one year					(28,396)			(24,073)
Net current assets					622			131
Net assets					892			572
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					792			472
Shareholders' funds					892			572

For the year ending 31 December 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 7 September 2015

.........................................
John Pryce
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Midlands Physiotherapy Limited
Notes to the Abbreviated Accounts for the Period from 1 April 2014 to 31 December 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a bisiness, has been fully amortised evenly over its estimated useful life.

Amortisation

Goodwill, being the amount paid in connection with the aquisition of a business, has been fully amortised evenly over its estimated useful life.

Asset class	Amortisation method and rate
Goodwill	100 % on cost

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15 % on reducing balance
Office equipment	33 % on cost

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

Midlands Physiotherapy Limited
Notes to the Abbreviated Accounts for the Period from 1 April 2014 to 31 December 2014
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2014		3,000			5,185			8,185
At 31 December 2014		3,000			5,185			8,185
Depreciation
At 1 April 2014		3,000			4,744			7,744
Charge for the period		-			171			171
At 31 December 2014		3,000			4,915			7,915
Net book value
At 31 December 2014		-			270			270
At 31 March 2014		-			441			441

3	Share capital

Allotted, called up and fully paid shares

	31 December 2014						31 March 2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 4