The Foot and Ankle Clinic Ltd. - Accounts to registrar (filleted) - small 18.2
The Foot and Ankle Clinic Ltd. - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 March 2021 |
| for |
| The Foot and Ankle Clinic Ltd. |
| The Foot and Ankle Clinic Ltd. (Registered number: 05230808) |
| Contents of the Financial Statements |
| for the Year Ended 30 March 2021 |
| Page |
| Company Information | 1 |
| Chartered Certified Accountants' Report | 2 |
| Statement of Financial Position | 3 |
| Notes to the Financial Statements | 5 |
| The Foot and Ankle Clinic Ltd. |
| Company Information |
| for the Year Ended 30 March 2021 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Meriden House |
| 6 Great Cornbow |
| Halesowen |
| West Midlands |
| B63 3AB |
| Chartered Certified Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| The Foot and Ankle Clinic Ltd. |
| The following reproduces the text of the report prepared for the director 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 Director 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 Foot and Ankle Clinic Ltd. for the year ended 30 March 2021 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
| This report is made solely to the director of The Foot and Ankle Clinic Ltd. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Foot and Ankle Clinic Ltd. and state those matters that we have agreed to state to the director of The Foot and Ankle Clinic Ltd. in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
| It is your duty to ensure that The Foot and Ankle 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 loss of The Foot and Ankle Clinic Ltd.. You consider that The Foot and Ankle Clinic Ltd. is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of The Foot and Ankle 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. |
| Chartered Certified Accountants |
| Meriden House |
| 6 Great Cornbow |
| Halesowen |
| West Midlands |
| B63 3AB |
| The Foot and Ankle Clinic Ltd. (Registered number: 05230808) |
| Statement of Financial Position |
| 30 March 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Property, plant and equipment | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The Foot and Ankle Clinic Ltd. (Registered number: 05230808) |
| Statement of Financial Position - continued |
| 30 March 2021 |
| 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. |
| 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 |
| The Foot and Ankle Clinic Ltd. (Registered number: 05230808) |
| Notes to the Financial Statements |
| for the Year Ended 30 March 2021 |
| 1. | STATUTORY INFORMATION |
| The Foot and Ankle Clinic Ltd. is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements are presented in pound sterling which is the functional currency of the company and rounded to the nearest £. |
| Turnover |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| Patents and licences |
| Patents and licences are fully amortised. |
| Tangible fixed assets |
| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by the management. |
| The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred. |
| Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives, on a reducing balance or cost basis. |
| Depreciation is provided on the following basis: |
| Equipment | - | 15% | on reducing balance |
| Fixtures and fittings | - | 20% | on cost |
| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. |
| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. |
| The Foot and Ankle Clinic Ltd. (Registered number: 05230808) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 March 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 statement of financial position date. |
| Deferred tax |
| 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 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 |
| 4. | INTANGIBLE FIXED ASSETS |
| Patents |
| and |
| Goodwill | licences | Totals |
| £ | £ | £ |
| COST |
| At 31 March 2020 |
| and 30 March 2021 |
| AMORTISATION |
| At 31 March 2020 |
| Amortisation for year |
| At 30 March 2021 |
| NET BOOK VALUE |
| At 30 March 2021 |
| At 30 March 2020 |
| The Foot and Ankle Clinic Ltd. (Registered number: 05230808) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 March 2021 |
| 5. | PROPERTY, PLANT AND EQUIPMENT |
| Fixtures |
| and |
| Equipment | fittings | Totals |
| £ | £ | £ |
| COST |
| At 31 March 2020 |
| and 30 March 2021 |
| DEPRECIATION |
| At 31 March 2020 |
| Charge for year |
| At 30 March 2021 |
| NET BOOK VALUE |
| At 30 March 2021 |
| At 30 March 2020 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Amounts owed by participating interests | 4,006 | 1,109 |
| Directors' accounts | - | 4,437 |
| Tax |
| Prepayments |
| Amounts owed by participating interests do not bear interest, are unsecured and are repayable on demand. |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to participating interests | 102,939 | 56,404 |
| Corporation tax |
| Directors' accounts | 4,882 | - |
| Accrued expenses |
| Amounts owed to participating interests do not bear interest, are unsecured and are repayable on demand. |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| The Foot and Ankle Clinic Ltd. (Registered number: 05230808) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 March 2021 |
| 9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 March 2021 and 30 March 2020: |
| 2021 | 2020 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |