Equilibrium Chiropractic Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06564207 (England and Wales)

Equilibrium Chiropractic Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

Page

Company Information

1

Report of the Accountants

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

Dr. A Hindley

SECRETARY:

Mrs K M W West

REGISTERED OFFICE:

3 Field View

Coley Lane

Little Haywood

Staffordshire

ST18 0UH

REGISTERED NUMBER:

06564207 (England and Wales)

ACCOUNTANTS:

Wychbury Greaves

Towers Point

Towers Business Park

Wheelhouse Road

Rugeley

Staffordshire

WS15 1UN

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

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended

31 March 2014 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wychbury Greaves

Towers Point

Towers Business Park

Wheelhouse Road

Rugeley

Staffordshire

WS15 1UN

17 December 2014

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

20,087

962

20,087

962

CURRENT ASSETS

Stocks

623

403

Debtors

1,191

618

Cash at bank and in hand

22,063

43,286

23,877

44,307

CREDITORS

Amounts falling due within one year

18,750

22,917

NET CURRENT ASSETS

5,127

21,390

TOTAL ASSETS LESS CURRENT LIABILITIES

25,214

22,352

PROVISIONS FOR LIABILITIES

3,884

-

NET ASSETS

21,330

22,352

CAPITAL AND RESERVES

Called up share capital

4

1

1

Share premium

3,622

3,622

Profit and loss account

17,707

18,729

SHAREHOLDERS' FUNDS

21,330

22,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 17 December 2014 and were signed by:

Dr. A Hindley - Director

1.	ACCOUNTING POLICIES

Accounting convention

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 invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of four years.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

64,000

AMORTISATION

At 1 April 2013

and 31 March 2014

64,000

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

2,568

Additions

19,954

At 31 March 2014

22,522

DEPRECIATION

At 1 April 2013

1,606

Charge for year

829

At 31 March 2014

2,435

NET BOOK VALUE

At 31 March 2014

20,087

At 31 March 2013

962

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1