The Forest Podiatry & Physiotherapy - Limited company - abbreviated - 11.9
The Forest Podiatry & Physiotherapy - Limited company - abbreviated - 11.9
REGISTERED NUMBER: |
THE FOREST PODIATRY & PHYSIOTHERAPY |
CLINIC LTD |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
THE FOREST PODIATRY & PHYSIOTHERAPY |
CLINIC LTD |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) |
have been prepared. |
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 Forest Podiatry & Physiotherapy Clinic Ltd for the year ended 31 March 2015 which comprise the Profit |
and Loss Account, the Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the Board of Directors of The Forest Podiatry & Physiotherapy Clinic Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Forest Podiatry & Physiotherapy Clinic Ltd and state those matters that we have agreed to state to the Board of Directors of The Forest Podiatry & Physiotherapy Clinic Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that The Forest Podiatry & Physiotherapy 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 profit of The Forest Podiatry & Physiotherapy Clinic Ltd. You consider that The Forest Podiatry & Physiotherapy 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 Forest Podiatry & |
Physiotherapy 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 Accountants |
3 December 2015 |
THE FOREST PODIATRY & PHYSIOTHERAPY |
CLINIC LTD (REGISTERED NUMBER: 07184949) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
Page |
Chartered Accountants' Report | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
THE FOREST PODIATRY & PHYSIOTHERAPY |
CLINIC LTD (REGISTERED NUMBER: 07184949) |
ABBREVIATED BALANCE SHEET |
31 MARCH 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
Tangible assets | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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 were approved by the Board of Directors on |
THE FOREST PODIATRY & PHYSIOTHERAPY |
CLINIC LTD (REGISTERED NUMBER: 07184949) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
1. | ACCOUNTING POLICIES |
Basis of accounting |
The financial statements 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 net sales during the year adjusted for accrued and deferred income where applicable. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised |
evenly over its estimated useful life of twenty years. |
Depreciation |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Fixtures and Fittings - 20% straight line method. |
Plant and machinery - 20% straight line method. |
Improvements to property - 10% straight line method. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
Taxation |
The charge for taxation is based on the profit for the year and takes into account taxation deferred. |
Current tax is measured at amounts expected to be paid using tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or |
right to pay less or to receive more, tax. |
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in |
which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance |
sheet date. |
Pension costs and other post-retirement benefits |
The company makes contributions to personal pension plans. Contributions payable are charged to the profit and |
loss account in the period to which they relate. |
Fixed assets |
All fixed assets are initially recorded at cost. |
Dividends |
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised |
when paid. Final equity dividends are recognised when approved by the shareholders at an annual general |
meeting. |
THE FOREST PODIATRY & PHYSIOTHERAPY |
CLINIC LTD (REGISTERED NUMBER: 07184949) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2015 |
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
and 31 March 2015 |
AMORTISATION |
At 1 April 2014 |
Amortisation for year |
At 31 March 2015 |
NET BOOK VALUE |
At 31 March 2015 |
At 31 March 2014 |
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
Additions |
At 31 March 2015 |
DEPRECIATION |
At 1 April 2014 |
Charge for year |
At 31 March 2015 |
NET BOOK VALUE |
At 31 March 2015 |
At 31 March 2014 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary Shares | £1 |
5. | ULTIMATE CONTROLLING PARTY |
During the year the company was under the joint control of Mrs H J Nossiter and Mr P A Nossiter, directors and |
shareholders of the company. |