Le Roux Chiropractic Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04604110 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Le Roux Chiropractic Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B Underwood

REGISTERED OFFICE:

122 Winchcombe Street

Cheltenham

Gloucestershire

GL52 2NW

REGISTERED NUMBER:

04604110 (England and Wales)

ACCOUNTANTS:

Crossley and Co.

122 Winchcombe Street

Cheltenham

Gloucestershire

GL52 2NW

FIXED ASSETS

Intangible assets

4

-

3,900

Tangible assets

5

29,695

38,290

29,695

42,190

CURRENT ASSETS

Stocks

6

832

1,014

Debtors

7

20,346

17,201

Cash at bank

921

7,497

22,099

25,712

CREDITORS

Amounts falling due within one year

8

7,302

14,068

NET CURRENT ASSETS

14,797

11,644

TOTAL ASSETS LESS CURRENT LIABILITIES

44,492

53,834

CREDITORS

Amounts falling due after more than one year

9

(43,854

)

(47,412

)

PROVISIONS FOR LIABILITIES

10

(368

)

(368

)

NET ASSETS

270

6,054

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

12

268

6,052

SHAREHOLDERS' FUNDS

270

6,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 10 June 2023 and were signed by:

Mrs D A Underwood - Director

1.	STATUTORY INFORMATION

Le Roux Chiropractic Ltd is a private company, limited by shares , registered in England and Wales. 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 2003, is being amortised evenly over its estimated useful life of twenty 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2022

and 31 December 2022

78,000

AMORTISATION

At 1 January 2022

74,100

Amortisation for year

3,900

At 31 December 2022

78,000

NET BOOK VALUE

At 31 December 2022

-

At 31 December 2021

3,900

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2022

and 31 December 2022

7,941

47,868

41,000

96,809

DEPRECIATION

At 1 January 2022

1,662

46,607

10,250

58,519

Charge for year

-

907

7,688

8,595

At 31 December 2022

1,662

47,514

17,938

67,114

NET BOOK VALUE

At 31 December 2022

6,279

354

23,062

29,695

At 31 December 2021

6,279

1,261

30,750

38,290

6.

STOCKS

31.12.22

31.12.21

£

£

Stocks

832

1,014

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

3,011

1,604

Other debtors

15,647

13,909

Prepayments

1,688

1,688

20,346

17,201

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

1

1

Tax

7,157

10,869

Social security and other taxes

(2,256

)

2,549

Accrued expenses

2,400

649

7,302

14,068

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans more 5 yr by instal

43,854

47,412

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

43,854

47,412

10.	PROVISIONS FOR LIABILITIES

31.12.22

31.12.21

£

£

Deferred tax

368

368

Deferred

tax

£

Balance at 1 January 2022

368

Balance at 31 December 2022

368

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

2

Ordinary

1

2

2

12.

RESERVES

Retained

earnings

£

At 1 January 2022

6,052

Profit for the year

20,216

Dividends

(26,000

)

At 31 December 2022

268