Registration number:
Chase Chiropractic Limited
for the Period from 5 December 2017 to 31 December 2018
Stowegate House
Lombard Street
Lichfield
Staffs
WS13 6DP
Chase Chiropractic Limited
Contents
Accountants' Report |
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Abridged Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Abridged Financial Statements |
Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Chase Chiropractic Limited
for the Period Ended 31 December 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Chase Chiropractic Limited for the period ended 31 December 2018 as set out on pages 2 to 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Chase Chiropractic Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Chase Chiropractic Limited and state those matters that we have agreed to state to the Board of Directors of Chase Chiropractic Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chase Chiropractic Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Chase Chiropractic Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Chase Chiropractic Limited. You consider that Chase Chiropractic Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out a review of the accounts of Chase Chiropractic Limited. 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 accounts.
......................................
Lombard Street
Lichfield
Staffs
WS13 6DP
Page 1 |
Chase Chiropractic Limited
(Registration number: 11097528)
Abridged Balance Sheet as at 31 December 2018
Note |
2018 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
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Net current assets |
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Total assets less current liabilities |
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Accruals and deferred income |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial period ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Page 2 |
Chase Chiropractic Limited
(Registration number: 11097528)
Abridged Balance Sheet as at 31 December 2018
Approved and authorised by the director on
.........................................
Mr Daniel Cooper
Director
Page 3 |
Chase Chiropractic Limited
Statement of Changes in Equity for the Period from 5 December 2017 to 31 December 2018
Share capital |
Profit and loss account |
Total |
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At 5 December 2017 |
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- |
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Profit for the period |
- |
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Total comprehensive income |
- |
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Dividends |
- |
( |
( |
At 31 December 2018 |
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Page 4 |
Chase Chiropractic Limited
Notes to the Abridged Financial Statements for the Period from 5 December 2017 to 31 December 2018
General information |
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Fixture and Fittings |
25% straight line basis |
Office Equipment |
25% straight line basis |
Computer Equipment |
33% straight line basis |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 5 |
Chase Chiropractic Limited
Notes to the Abridged Financial Statements for the Period from 5 December 2017 to 31 December 2018
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Page 6 |
Chase Chiropractic Limited
Notes to the Abridged Financial Statements for the Period from 5 December 2017 to 31 December 2018
Tangible assets |
Total |
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Cost or valuation |
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Additions |
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At 31 December 2018 |
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Depreciation |
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Charge for the |
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At 31 December 2018 |
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Carrying amount |
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At 31 December 2018 |
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Dividends |
Interim dividends paid
2018 |
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Interim dividend of £
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Interim dividend of £
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Page 7 |