Le Roux Chiropractic Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04604110 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Le Roux Chiropractic Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D A Underwood

B Underwood

SECRETARY:

REGISTERED OFFICE:

22 Colliers Walk

Nailsea

North Somerset

Bristol

North Somerset

BS48 1RG

REGISTERED NUMBER:

04604110 (England and Wales)

ACCOUNTANTS:

Crossley and Co.

Royal Mews

St.Georges Place

Cheltenham

Gloucestershire

GL50 3PQ

FIXED ASSETS

Intangible assets

4

19,500

23,400

Tangible assets

5

7,248

9,060

26,748

32,460

CURRENT ASSETS

Stocks

965

848

Debtors

6

5,509

7,002

Cash at bank

14,245

4,506

20,719

12,356

CREDITORS

Amounts falling due within one year

7

9,741

13,847

NET CURRENT ASSETS/(LIABILITIES)

10,978

(1,491

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,726

30,969

PROVISIONS FOR LIABILITIES

1,324

1,818

NET ASSETS

36,402

29,151

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

36,400

29,149

36,402

29,151

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 26 September 2018 and were signed on its behalf by:

Mrs D A Underwood - Director

1.	STATUTORY INFORMATION

Le Roux Chiropractic 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2016 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2017

and 31 December 2017

78,000

AMORTISATION

At 1 January 2017

54,600

Charge for year

3,900

At 31 December 2017

58,500

NET BOOK VALUE

At 31 December 2017

19,500

At 31 December 2016

23,400

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

and 31 December 2017

47,288

DEPRECIATION

At 1 January 2017

38,228

Charge for year

1,812

At 31 December 2017

40,040

NET BOOK VALUE

At 31 December 2017

7,248

At 31 December 2016

9,060

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

3,821

3,790

Other debtors

1,688

3,212

5,509

7,002

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

94

203

Taxation and social security

9,090

11,424

Other creditors

557

2,220

9,741

13,847