PROGRESSIVE_PHYSIOTHERAPY - Accounts

PROGRESSIVE PHYSIOTHERAPY LIMITED - Company Information

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Company Registration No. 07560321 (England and Wales)

PROGRESSIVE PHYSIOTHERAPY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

PROGRESSIVE PHYSIOTHERAPY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PROGRESSIVE PHYSIOTHERAPY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

1,506

1,730

Current assets

Debtors

6,705

7,924

Cash at bank and in hand

10,124

8,279

16,829

16,203

Creditors: amounts falling due within one year

(9,635)

(8,730)

Net current assets

7,194

7,473

Total assets less current liabilities

8,700

9,203

Provisions for liabilities

(301)

(346)

8,399

8,857

Capital and reserves

Called up share capital

Profit and loss account

8,397

8,855

Shareholders' funds

8,399

8,857

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 September 2014

Mrs S J Yardley

Mrs A C Hughes

Director

Company Registration No. 07560321

PROGRESSIVE PHYSIOTHERAPY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company reports a profit in the year ended 31 March 2014 and net assets are shown in the balance sheet. The directors have no concerns over the future trade of the company and therefore the accounts have been prepared on a going concern basis.

1.2

Turnover

Turnover represents amounts receivable for physiotherapy services exempt of VAT.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% straight line

1.4

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 April 2013

2,619

Additions

574

At 31 March 2014

3,193

Depreciation

At 1 April 2013

889

Charge for the year

798

At 31 March 2014

1,687

Net book value

At 31 March 2014

1,506

At 31 March 2013

1,730

PROGRESSIVE PHYSIOTHERAPY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary shares of £1 each