REGISTERED NUMBER: 07332382 (England and Wales)

ABACUS PHYSIOTHERAPY LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2018

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

7

DIRECTORS:

N J Collins

C A Redding

REGISTERED OFFICE:

c/o Louth Physiofirst Centre

Belvoir Way

Fairfield Industrial Estate

Louth

Lincolnshire

LN11 0LQ

REGISTERED NUMBER:

07332382 (England and Wales)

ACCOUNTANTS:

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

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

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Abacus Physiotherapy Ltd for the year ended 31st August 2018 which comprise the Income Statement, Balance

Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Abacus Physiotherapy Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abacus Physiotherapy Ltd and state those matters that we have agreed to state to the Board of Directors of Abacus Physiotherapy Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Abacus Physiotherapy Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Abacus Physiotherapy Ltd. You consider that Abacus Physiotherapy Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Abacus Physiotherapy Ltd. 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 financial statements.

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

27th November 2018

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

88,959

90,299

Investments

6

1,000

1,000

89,959

91,299

CURRENT ASSETS

Stocks

334

306

Debtors

7

11,129

13,106

Cash at bank

24,324

30,765

35,787

44,177

CREDITORS

Amounts falling due within one year

8

31,854

41,067

NET CURRENT ASSETS

3,933

3,110

TOTAL ASSETS LESS CURRENT LIABILITIES

93,892

94,409

CREDITORS

Amounts falling due after more than one year

9

(54,452

)

(63,607

)

PROVISIONS FOR LIABILITIES

(498

)

(766

)

NET ASSETS

38,942

30,036

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

37,942

29,036

SHAREHOLDERS' FUNDS

38,942

30,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2018 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 27th November 2018 and were signed on its behalf by:

C A Redding - Director

1.	STATUTORY INFORMATION

Abacus Physiotherapy 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 represents net invoiced sales of services.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of two 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.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

20% on cost

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 (2017 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st September 2017

and 31st August 2018

28,529

AMORTISATION

At 1st September 2017

and 31st August 2018

28,529

NET BOOK VALUE

At 31st August 2018

-

At 31st August 2017

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1st September 2017

86,472

27,885

1,262

1,068

116,687

Additions

-

-

556

-

556

At 31st August 2018

86,472

27,885

1,818

1,068

117,243

DEPRECIATION

At 1st September 2017

-

24,945

589

854

26,388

Charge for year

-

1,569

190

137

1,896

At 31st August 2018

-

26,514

779

991

28,284

NET BOOK VALUE

At 31st August 2018

86,472

1,371

1,039

77

88,959

At 31st August 2017

86,472

2,940

673

214

90,299

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st September 2017

and 31st August 2018

1,000

NET BOOK VALUE

At 31st August 2018

1,000

At 31st August 2017

1,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

10,200

11,476

Other debtors

929

1,630

11,129

13,106

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

8,973

8,782

Taxation and social security

9,673

13,538

Other creditors

13,208

18,747

31,854

41,067

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

54,452

63,607

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

28,567

32,533