Bingley Physio & Sports Injury ClinicLtd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08148996 (England and Wales)

Bingley Physiotherapy & Sports Injury

Clinic Limited

Unaudited Financial Statements

for the Year Ended 31 July 2023

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

R Kunz

REGISTERED OFFICE:

6 Ashfield Terrace

Bingley

West Yorkshire

BD16 1EQ

REGISTERED NUMBER:

08148996 (England and Wales)

ACCOUNTANTS:

Simon Hart FCCA

Hart Wright Accounting

Chartered Certified Accountants

24 Hall Drive

Sutton In Craven

North Yorkshire

BD20 7NH

FIXED ASSETS

Tangible assets

4

39,268

-

CURRENT ASSETS

Stocks

350

350

Cash at bank and in hand

13,673

19,647

14,023

19,997

CREDITORS

Amounts falling due within one year

5

(16,824

)

(17,359

)

NET CURRENT (LIABILITIES)/ASSETS

(2,801

)

2,638

TOTAL ASSETS LESS CURRENT LIABILITIES

36,467

2,638

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

36,367

2,538

SHAREHOLDERS' FUNDS

36,467

2,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 18 October 2023 and were signed by:

R Kunz - Director

1.	STATUTORY INFORMATION

Bingley Physiotherapy & Sports Injury Clinic Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of services, excluding value added tax.

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 etc

-

33% on cost and 25% on cost

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Covid-19

On 11th March 2020, the World Health Organisation officially declared COVID-19 as a pandemic.

The accounts have been prepared on a going concern basis although there are indicators of financial impact in relation to COVID-19. The directors have taken what are considered all the necessary measures to protect the business from this to limit ant adverse impact.

The directors anticipate the company continuing to trade for the foreseeable future and are monitoring the situation.

Government grants

Government grants are recognised as other income once there is reasonable assurance that all conditions relating to the grant have been attained and that the grant will be received.

During the year the company was in receipt of relief in respect of the Coronavirus Job Retention Scheme. The income is recorded based on the claim periods made relating to the financial year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 4 ).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2022

18,783

2,593

21,376

Additions

-

39,268

39,268

At 31 July 2023

18,783

41,861

60,644

DEPRECIATION

At 1 August 2022

and 31 July 2023

18,783

2,593

21,376

NET BOOK VALUE

At 31 July 2023

-

39,268

39,268

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

350

350

Taxation and social security

11,507

11,063

Other creditors

4,967

5,946

16,824

17,359

6.	RELATED PARTY DISCLOSURES

The Director owns the business premises from which the company trades. Rent is currently charged to the company at a rate of £5,000.