Company Registration No. 08039167 (England and Wales)
Double AA Surgicals Ltd
FINANCIAL STATEMENTS
for the year ended 30 April 2023
Double AA Surgicals Ltd
FINANCIAL STATEMENTS
Contents
Double AA Surgicals Ltd
Company Information
for the year ended 30 April 2023
Directors
Mr Chelliah Selvasekar
Mrs Nagalakshmi Selvasekar
Company Number
08039167 (England and Wales)
Registered Office
12 The Grange
Hartford
CHESHIRE
CW8 1QJ
Accountants
Reliance Tax Advisers
20B Market Place
Grantham
Lincolnshire
NG31 6LP
Double AA Surgicals Ltd
Statement of financial position
as at 30 April 2023
Tangible assets
28,903
40,284
Cash at bank and in hand
83,924
67,380
Creditors: amounts falling due within one year
(10,107)
(9,864)
Net current assets
74,716
60,953
Net assets
103,619
101,237
Called up share capital
100
100
Profit and loss account
103,519
101,137
Shareholders' funds
103,619
101,237
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2023 and were signed on its behalf by
Mrs Nagalakshmi Selvasekar
Director
Company Registration No. 08039167
Double AA Surgicals Ltd
Notes to the Accounts
for the year ended 30 April 2023
Double AA Surgicals Ltd is a private company, limited by shares, registered in England and Wales, registration number 08039167. The registered office is 12 The Grange, Hartford, CHESHIRE, CW8 1QJ.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies
Act 2006.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has been transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Double AA Surgicals Ltd
Notes to the Accounts
for the year ended 30 April 2023
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. 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 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2022
635
40,000
18,722
11,297
70,654
Additions
-
-
264
3,004
3,268
At 30 April 2023
635
40,000
18,986
14,301
73,922
At 1 May 2022
387
10,000
14,896
5,087
30,370
Charge for the year
62
10,000
1,510
3,077
14,649
At 30 April 2023
449
20,000
16,406
8,164
45,019
At 30 April 2023
186
20,000
2,580
6,137
28,903
At 30 April 2022
248
30,000
3,826
6,210
40,284
Amounts falling due within one year
Accrued income and prepayments
739
647
Double AA Surgicals Ltd
Notes to the Accounts
for the year ended 30 April 2023
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
8,557
8,364
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Transactions with related parties
Related Party Transactions
Other debtors
Included within other debtors is a loan provided to a company in which one of the directors is a member. At the balance sheet date, the amount owing was £40,000. The loan is repayable on demand.
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Average number of employees
During the year the average number of employees was 2 (2022: 2).