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REGISTERED NUMBER: 07190046 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

South Yorkshire Shoulder And Elbow
Clinic Ltd

South Yorkshire Shoulder And Elbow
Clinic Ltd (Registered number: 07190046)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


South Yorkshire Shoulder And Elbow
Clinic Ltd (Registered number: 07190046)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,227 1,466
Investments 5 208,035 208,035
213,262 209,501

CURRENT ASSETS
Debtors 6 7,822 32,908
Cash at bank 439,167 182,989
446,989 215,897
CREDITORS
Amounts falling due within one year 7 24,012 217,262
NET CURRENT ASSETS/(LIABILITIES) 422,977 (1,365 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

636,239

208,136

PROVISIONS FOR LIABILITIES 993 278
NET ASSETS 635,246 207,858

CAPITAL AND RESERVES
Called up share capital 8 102 102
Retained earnings 635,144 207,756
SHAREHOLDERS' FUNDS 635,246 207,858

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

South Yorkshire Shoulder And Elbow
Clinic Ltd (Registered number: 07190046)

Balance Sheet - continued
31st March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th October 2023 and were signed on its behalf by:





Dr A A Ali - Director


South Yorkshire Shoulder And Elbow
Clinic Ltd (Registered number: 07190046)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. COMPANY INFORMATION

South Yorkshire Shoulder And Elbow Clinic Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07190046

Registered office: First Floor
49 Peter Street
Manchester
M2 3NG

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets
Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and Fittings - 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


South Yorkshire Shoulder And Elbow
Clinic Ltd (Registered number: 07190046)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

2. ACCOUNTING POLICIES - continued
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.

Current asset investment
Investments in current assets such as bonds are measured at their market value. When there is no ascertainable market value available the asset is measured on a cost basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st April 2022 11,217
Additions 4,716
At 31st March 2023 15,933
DEPRECIATION
At 1st April 2022 9,751
Charge for year 955
At 31st March 2023 10,706
NET BOOK VALUE
At 31st March 2023 5,227
At 31st March 2022 1,466

5. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1st April 2022
and 31st March 2023 208,035
NET BOOK VALUE
At 31st March 2023 208,035
At 31st March 2022 208,035

South Yorkshire Shoulder And Elbow
Clinic Ltd (Registered number: 07190046)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 6,993 9,787
Other debtors - 22,340
Prepayments and accrued income 829 781
7,822 32,908

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 10,829 12,902
Directors' current accounts 13,183 204,360
24,012 217,262

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
102 102

The A Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The B, C and D Shares do not confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The A, B, C and D Shares rank pari passu in respect of dividend and capital distribution rights.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2023 and 31st March 2022:

31.3.23 31.3.22
£    £   
Dr A A Ali
Balance outstanding at start of year (204,360 ) 68,740
Amounts advanced 204,559 24,672
Amounts repaid (13,382 ) (297,772 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,183 ) (204,360 )

10. CONTROL

The ultimate controlling party is Dr Ali by virtue of holding 100% of the voting share capital.