Registered number: 03803816 | ||||||||
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FOR THE YEAR ENDED 31 OCTOBER 2021 | ||||||||
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(Ceased trading 30 September 2020) | ||||||||
Prepared By: | ||||||||
Nicholas Ridge CTA | ||||||||
Oakleaf | ||||||||
Ludwells Lane | ||||||||
Waltham Chase | ||||||||
Hampshire | ||||||||
SO32 2NP |
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Acupuncture Direct Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 OCTOBER 2021 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 03803816 | ||||||||
ACCOUNTANTS | ||||||||
Nicholas Ridge CTA | ||||||||
Oakleaf | ||||||||
Ludwells Lane | ||||||||
Waltham Chase | ||||||||
Hampshire | ||||||||
SO32 2NP |
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Acupuncture Direct Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 OCTOBER 2021 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | 3 | |||||||
Statement Of Comprehensive Income | 4 | |||||||
Balance Sheet | 5 | |||||||
Notes To The Accounts | 6 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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Acupuncture Direct Ltd | ||||||||
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DIRECTORS' REPORT | ||||||||
FOR THE
YEAR
ENDED
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The directors present their report and accounts for the
year
ended
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DIRECTORS | ||||||||
The directors who served during the year were as follows: | ||||||||
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CESSATION OF TRADE | ||||||||
From September 2019 onwards, the level of trade declined significantly: as a result of Brexit it became increasingly unfavourable to direct sales into Europe, and the company ceased trade altogether on 30 September 2020. | ||||||||
STATEMENT OF DIRECTORS RESPONSIBILITIES | ||||||||
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulation. | ||||||||
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements the directors are required to: | ||||||||
- Select suitable accounting policies and then apply them consistently; | ||||||||
- Make judgements and accounting estimates that are reasonable and prudent; | ||||||||
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. | ||||||||
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. | ||||||||
The report of the directors has been prepared in accordance with the special provisions within Part 15 of the Companies Act 2006. | ||||||||
This report was approved by the board on
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Gerard Fraux | ||||||||
Director |
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Acupuncture Direct Ltd | ||||||||
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STATEMENT OF COMPREHENSIVE INCOME | ||||||||
FOR THE
YEAR
ENDED
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Notes | 2021 | 2020 | ||||||
£ | £ | |||||||
TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Distribution costs and selling expenses |
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(
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Administrative expenses |
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(
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OPERATING LOSS |
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(
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LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION | - | (15,593) | ||||||
Tax on profit on ordinary activities | 3 | - | 5,244 | |||||
LOSS ON ORDINARY ACTIVITIES AFTER TAXATION | - | (10,349) | ||||||
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Acupuncture Direct Ltd | ||||||||
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BALANCE SHEET AT
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2021 | 2020 | |||||||||
Notes | £ | £ | ||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 |
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Cash at bank and in hand |
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16,763 | 214,763 | |||||||||
CREDITORS: Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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123,759 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 |
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Profit and loss account | 8 | 14,964 | 123,659 | |||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Acupuncture Direct Ltd | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 OCTOBER 2021 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Taxation | ||||||||
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
1c. Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. |
1d. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. |
2. EMPLOYEES | ||||||
2021 | 2020 | |||||
No. | No. | |||||
Average number of employees |
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2 | ||||
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Acupuncture Direct Ltd | ||||||||
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3. TAX ON ORDINARY ACTIVITIES | ||||||||
2021 | 2020 | |||||||
£ | £ | |||||||
Corporation tax credit | - | (5,244) | ||||||
- | (5,244) | |||||||
4. DIVIDENDS | 2021 | 2020 | ||||||
£ | £ | |||||||
Ordinary dividends: | ||||||||
Interim paid | 108,695 | 80,000 | ||||||
108,695 | 80,000 | |||||||
5. DEBTORS | 2021 | 2020 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
UK corporation tax | 5,244 | 5,244 | ||||||
Other debtors | 2,609 | - | ||||||
7,853 | 5,244 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2021 | 2020 | |||||||
£ | £ | |||||||
VAT | - | 1,611 | ||||||
Trade creditors | - | 972 | ||||||
Other creditors | 334 | 84,363 | ||||||
Accruals | 1,365 | 3,498 | ||||||
1,699 | 90,444 | |||||||
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Acupuncture Direct Ltd | ||||||||
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7. SHARE CAPITAL | 2021 | 2020 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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100 | 100 | ||||||
100 | 100 | |||||||
8. PROFIT AND LOSS RESERVE | 2021 | 2020 | ||||
£ | £ | |||||
Opening balance | 123,659 | 236,475 | ||||
Loss for the year | - | (10,349) | ||||
Interim dividends | (108,695) | (80,000) | ||||
Prior year adjustment | - | (22,467) | ||||
14,964 | 123,659 | |||||
9. PRIOR YEAR ADJUSTMENT | ||||||||
The prior year adjustment in the previous year's accounts represented incorrect treatment of opening stock £22467, as part of Trade creditors in the accounts for an earlier year. | ||||||||