Horsmonden Physiotherapy Clinic Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05424161 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2017

for

Horsmonden Physiotherapy Clinic Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Hockey

Dr L M Vingoe

REGISTERED OFFICE:

AGA Buildings

Lamberhurst Road

Horsmonden

Kent

TN12 8DP

REGISTERED NUMBER:

05424161 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Bank Chambers

61 High Street

Cranbrook

Kent

TN17 3EG

FIXED ASSETS

Tangible assets

4

29,270

16,809

CURRENT ASSETS

Stocks

950

1,212

Debtors

5

1,559

1,180

Cash at bank and in hand

36,076

19,933

38,585

22,325

CREDITORS

Amounts falling due within one year

6

14,605

10,710

NET CURRENT ASSETS

23,980

11,615

TOTAL ASSETS LESS CURRENT LIABILITIES

53,250

28,424

CREDITORS

Amounts falling due after more than one year

7

(24,458

)

(14,556

)

PROVISIONS FOR LIABILITIES

(5,830

)

(3,362

)

NET ASSETS

22,962

10,506

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

22,662

10,206

SHAREHOLDERS' FUNDS

22,962

10,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 July 2017 and were signed on its behalf by:

Mr J Hockey - Director

1.	STATUTORY INFORMATION

Horsmonden Physiotherapy Clinic 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

33% on reducing balance

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

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

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 May 2016

5,265

8,808

680

18,547

33,300

Additions

-

11,665

-

19,773

31,438

Disposals

-

-

-

(18,547

)

(18,547

)

At 30 April 2017

5,265

20,473

680

19,773

46,191

DEPRECIATION

At 1 May 2016

5,265

6,369

607

4,250

16,491

Charge for year

-

3,832

24

824

4,680

Eliminated on disposal

-

-

-

(4,250

)

(4,250

)

At 30 April 2017

5,265

10,201

631

824

16,921

NET BOOK VALUE

At 30 April 2017

-

10,272

49

18,949

29,270

At 30 April 2016

-

2,439

73

14,297

16,809

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 May 2016

-

18,547

18,547

Additions

9,995

19,773

29,768

Disposals

-

(18,547

)

(18,547

)

At 30 April 2017

9,995

19,773

29,768

DEPRECIATION

At 1 May 2016

-

4,250

4,250

Charge for year

2,749

824

3,573

Eliminated on disposal

-

(4,250

)

(4,250

)

At 30 April 2017

2,749

824

3,573

NET BOOK VALUE

At 30 April 2017

7,246

18,949

26,195

At 30 April 2016

-

14,297

14,297

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

676

-

Other debtors

883

1,180

1,559

1,180

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Hire purchase contracts

3,421

2,177

Trade creditors

1,524

1,444

Taxation and social security

9,378

7,043

Other creditors

282

46

14,605

10,710

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.17

30.4.16

£

£

Hire purchase contracts

24,458

14,556

8.	PENSION COMMITMENTS

The company operates an auto-enrolment pension scheme for staff. Contributions by the company to this

were £43 (2016 nil). At the year end employer contributions of £12 (2016 nil) had not been paid across to the

scheme.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Hockey.

10.	FIRST YEAR ADOPTION

The company has adopted FRS 102 (1A) with effect from 1 April 2016. No adjustments are required to its

comparatives for the year commencing 1 April 2015 as a result of the change in accounting standard.