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THE KNEE TEAM LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2023






THE KNEE TEAM LTD (REGISTERED NUMBER: 12422001)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE KNEE TEAM LTD

COMPANY INFORMATION
for the Year Ended 31st January 2023







DIRECTOR: Dr L C Biant





REGISTERED OFFICE: Liverpool Road Studios
113 Liverpool Road
Suites 3 and 4
Crosby
Merseyside
L23 5TD





REGISTERED NUMBER: 12422001 (England and Wales)





ACCOUNTANTS: Garner & Associates Ltd
Liverpool Road Studios
Suites 3 & 4
113 Liverpool Road
Crosby
Merseyside
L23 5TD

THE KNEE TEAM LTD (REGISTERED NUMBER: 12422001)

BALANCE SHEET
31st January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,179 4,238

CURRENT ASSETS
Debtors 5 71,719 99,985
Cash at bank 1,771 12,965
73,490 112,950
CREDITORS
Amounts falling due within one year 6 15,059 22,819
NET CURRENT ASSETS 58,431 90,131
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,610

94,369

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 61,609 94,368
SHAREHOLDERS' FUNDS 61,610 94,369

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 director and authorised for issue on 20th October 2023 and were signed by:





Dr L C Biant - Director


THE KNEE TEAM LTD (REGISTERED NUMBER: 12422001)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st January 2023

1. STATUTORY INFORMATION

The Knee Team 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

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

THE KNEE TEAM LTD (REGISTERED NUMBER: 12422001)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st January 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st February 2022
and 31st January 2023 5,650
DEPRECIATION
At 1st February 2022 1,412
Charge for year 1,059
At 31st January 2023 2,471
NET BOOK VALUE
At 31st January 2023 3,179
At 31st January 2022 4,238

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 71,719 99,985

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 12,538 20,299
Other creditors 2,521 2,520
15,059 22,819

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Dr L C Biant
Balance outstanding at start of year 99,985 12,742
Amounts advanced 72,535 127,258
Amounts repaid (100,801 ) (40,015 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 71,719 99,985