REGISTERED NUMBER: |
Somerset Lower Limb Limited |
Unaudited Financial Statements for the Year Ended 28 February 2023 |
REGISTERED NUMBER: |
Somerset Lower Limb Limited |
Unaudited Financial Statements for the Year Ended 28 February 2023 |
Somerset Lower Limb Limited (Registered number: 12362205) |
Contents of the Financial Statements |
for the Year Ended 28 February 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Somerset Lower Limb Limited |
Company Information |
for the Year Ended 28 February 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
3 Southernhay West |
Exeter |
Devon |
EX1 1JG |
Somerset Lower Limb Limited (Registered number: 12362205) |
Balance Sheet |
28 February 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
Somerset Lower Limb Limited (Registered number: 12362205) |
Balance Sheet - continued |
28 February 2023 |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Somerset Lower Limb Limited (Registered number: 12362205) |
Notes to the Financial Statements |
for the Year Ended 28 February 2023 |
1. | STATUTORY INFORMATION |
Somerset Lower Limb Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts chargeable in respect of the sale of services falling within the company's ordinary activities. |
Turnover also includes the company's share of profits deriving from its interest in a trading partnership whose activities are wholly undertaken in the UK. |
Goodwill |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
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. |
Investments |
Fixed asset investments are stated at cost and represent the company's Partnership current account and permanent capital account. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Somerset Lower Limb Limited (Registered number: 12362205) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2023 |
5. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 March 2022 |
and 28 February 2023 |
AMORTISATION |
At 1 March 2022 |
Amortisation for year |
At 28 February 2023 |
NET BOOK VALUE |
At 28 February 2023 |
At 28 February 2022 |
6. | FIXED ASSET INVESTMENTS |
Interest |
in other |
participating |
interests |
£ |
COST |
At 1 March 2022 | 6,332 |
Disposals | (18,825 | ) |
Share of profit/(loss) | 20,251 |
At 28 February 2023 | 7,758 |
NET BOOK VALUE |
At 28 February 2023 | 7,758 |
At 28 February 2022 | 6,332 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Directors' current accounts | 1,836 | - |
Prepayments and accrued income |
Somerset Lower Limb Limited (Registered number: 12362205) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Tax |
Social security and other taxes |
Other creditors |
Directors' current accounts | - | 1,321 |
Accruals and deferred income |
9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022: |
2023 | 2022 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) |
During the period, the company charged interest on the overdrawn loan account amounting to £207 (2022: £Nil) |
10. | RELATED PARTY DISCLOSURES |
The Company is a partner in and has an active participating interest in a Limited Liability Partnership that trades under the name of Blackdown Orthopaedic and Spinal Services LLP. |
The company's investment in this Partnership is detailed in the notes to the financial statements. The Partnership Agreement entitles the company to a share of Partnership profits. |