The Forest Podiatry & Physiotherapy - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07184949 (England and Wales)

THE FOREST PODIATRY & PHYSIOTHERAPY

CLINIC LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

4

DIRECTORS:

Mr P A Nossiter

Mrs H J Nossiter

SECRETARY:

Fryern Company Secretarial Services Limited

REGISTERED OFFICE:

Fryern House

125 Winchester Road

Chandlers Ford

Hampshire

SO53 2DR

REGISTERED NUMBER:

07184949 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

Fryern House

125 Winchester Road

Chandlers Ford

Hampshire

SO53 2DR

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

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 2017 which

comprise the Income Statement, Statement of Financial Position 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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 ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Forest Podiatry & Physiotherapy Clinic Ltd 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.

Rothman Pantall LLP

Chartered Accountants

Fryern House

125 Winchester Road

Chandlers Ford

Hampshire

SO53 2DR

13 September 2017

FIXED ASSETS

Intangible assets

4

48,533

52,266

Tangible assets

5

27,278

26,693

75,811

78,959

CURRENT ASSETS

Stocks

14,300

12,000

Debtors

6

2,857

235

Cash at bank

44,564

48,125

61,721

60,360

CREDITORS

Amounts falling due within one year

7

89,550

80,244

NET CURRENT LIABILITIES

(27,829

)

(19,884

)

TOTAL ASSETS LESS CURRENT LIABILITIES

47,982

59,075

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

47,882

58,975

SHAREHOLDERS' FUNDS

47,982

59,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 13 September 2017 and were signed on its behalf by:

Mrs H J Nossiter - Director

Mr P A Nossiter - Director

1.	STATUTORY INFORMATION

The Forest Podiatry & 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.

The presentation currency is £ sterling.

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.

This is the first year in which financial statements have been prepared under FRS102 section 1A. The date of

transition is 1 April 2015.

The transition to FRS102 section 1A has resulted in no changes in accounting policies to those used previously

and there has been no impact to opening equity or last years profit and loss.

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.

Tangible fixed assets and depreciation

All fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation

and accumulated impairment losses.

The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to

bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended

by management.

Depreciation is provided at rates calculated to write off the costs less residual value of each asset over its

expected useful life, as follows:

Fixtures and fittings

20% straight line

Plant and machinery

20% straight line

Improvements to property

10% straight line

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. Current tax is recognised at the amount of tax payable

using the tax rates and laws that have been enacted at the balance sheet date.

Deferred tax is recognised in respect of all timing differences (including fair value adjustments) that have

originated but not reversed by the balance sheet date except that a deferred tax asset is only recognised to the

extent that it is regarded as recoverable. Deferred tax is measured using the tax rate that is expected to apply in

the periods in which the timing differences are expected to reverse.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2016 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

74,665

AMORTISATION

At 1 April 2016

22,399

Charge for year

3,733

At 31 March 2017

26,132

NET BOOK VALUE

At 31 March 2017

48,533

At 31 March 2016

52,266

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2016

15,752

19,188

30,594

65,534

Additions

-

366

10,944

11,310

At 31 March 2017

15,752

19,554

41,538

76,844

DEPRECIATION

At 1 April 2016

7,027

10,281

21,533

38,841

Charge for year

1,575

3,667

5,483

10,725

At 31 March 2017

8,602

13,948

27,016

49,566

NET BOOK VALUE

At 31 March 2017

7,150

5,606

14,522

27,278

At 31 March 2016

8,725

8,907

9,061

26,693

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

196

-

Prepayments and accrued income

2,661

235

2,857

235

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

4,139

5,951

Tax

12,564

13,564

Other creditors

1,823

2,098

Directors' current accounts

67,919

55,526

Accruals and deferred income

3,105

3,105

89,550

80,244

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary Shares

£1

100

100

9.	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.