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Unaudited Financial Statements for the Year Ended 31 December 2020 |
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Harleyphysiotherapy Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 December 2020 |
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for |
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Harleyphysiotherapy Limited |
Harleyphysiotherapy Limited (Registered number: 08821549) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2020 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Harleyphysiotherapy Limited |
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Company Information |
for the Year Ended 31 December 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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22 St. Stephens Road |
Cold Norton |
Chelmsford |
Essex |
CM3 6JE |
Harleyphysiotherapy Limited (Registered number: 08821549) |
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Balance Sheet |
31 December 2020 |
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31.12.20 | 31.12.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | 9 |
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SHAREHOLDERS' FUNDS |
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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. |
Harleyphysiotherapy Limited (Registered number: 08821549) |
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Balance Sheet - continued |
31 December 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
signed on its behalf by: |
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Harleyphysiotherapy Limited (Registered number: 08821549) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2020 |
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1. | STATUTORY INFORMATION |
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Harleyphysiotherapy Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant & Machinery | 25% WDV |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Harleyphysiotherapy Limited (Registered number: 08821549) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2020 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
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COST |
Additions |
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At 31 December 2020 |
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DEPRECIATION |
Charge for year |
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At 31 December 2020 |
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NET BOOK VALUE |
At 31 December 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.20 | 31.12.19 |
£ | £ |
Trade debtors |
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Rachel and Patrick Dodgson | 77,142 | 144,469 |
London Spine Clinic | 5,338 | 1,884 |
Tax |
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Prepayments and accrued income |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.20 | 31.12.19 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
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Tax |
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Social security and other taxes |
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Other creditors |
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MJV & Co Loan | 4,962 | 10,165 |
S Rogers Loan | 426 | 5,200 |
A Green Loan | 5,160 | - |
CBB Loan | 3,579 | - |
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Harleyphysiotherapy Limited (Registered number: 08821549) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2020 |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.12.20 | 31.12.19 |
£ | £ |
Tax |
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MJV & Co Loan | 1,274 | 2,346 |
S Rogers Loan | 21,525 | 17,464 |
A Green Loan | 14,600 | - |
CBB Loan | 39,371 | - |
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8. | LOANS |
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31.12.20 | 31.12.19 |
£ | £ |
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Amounts falling due within one year | 14,127 | 15,365 |
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Amounts falling due within 1-2 years | 25,571 | 9,580 |
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Amounts falling due within 2-5 years | 46,188 | 10,230 |
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Amounts falling due more than 5 years | 5,011 | - |
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MJV's loan carries an interest rate of 3% per annum and is repaid weekly at a rate of £195.48. The repayment |
amount was reduced by 50% in April 2020 due to the Coronavirus pandemic. There is currently no plan to |
increase the repayment amount. |
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S Roger's loan carries an interest rate of 10% per annum and is repaid weekly at a rate of £100. The repayment |
was reduced by 50% in April 2020 due to the Coronavirus pandemic. There is currently no plan to increase the |
repayment amount, however this will be reviewed once the loan to MJV is fully repaid in March 2022. |
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A Green's loan was introduced in June 2020. It is interest free and repayable in 50 instalments starting September |
2020 and ending October 2024. The loan is secured against the company's fixed asset of a K-Laser. |
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The Coronavirus Bounceback loan was introduced in July 2020. The loan carries an interest rate of 2.5% per |
annum and the repayment term is fixed to six years. No repayments are due in the first 12 months. |
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9. | RESERVES |
Retained |
earnings |
£ |
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At 1 January 2020 |
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Profit for the year |
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Dividends | ( |
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At 31 December 2020 |
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Harleyphysiotherapy Limited (Registered number: 08821549) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2020 |
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10. | RELATED PARTY DISCLOSURES |
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As at 31 December 2020, Mrs R Dodgson, a Director, and Mr P Dodgson, her husband, owed the company |
£77,142 (2019: £144,469). |
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Interest is charged at commercial rates. S455 tax has been paid on the balance. |
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It is anticipated that the debt will continue to fall in the current year. |
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11. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is Mrs R Dodgson, a Director, by virtue of her shareholding. |