IRIS Accounts Production v23.2.0.158 12769740 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh127697402022-07-31127697402023-07-31127697402022-08-012023-07-31127697402021-07-31127697402021-08-012022-07-31127697402022-07-3112769740ns10:Originalns15:EnglandWales2022-08-012023-07-3112769740ns14:PoundSterlingns10:Original2022-08-012023-07-3112769740ns10:Originalns10:Director12022-08-012023-07-3112769740ns10:Original2022-08-012023-07-3112769740ns10:Original2023-07-3112769740ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3112769740ns10:Originalns10:SmallEntities2022-08-012023-07-3112769740ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3112769740ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3112769740ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3112769740ns10:Originalns10:FullAccounts2022-08-012023-07-3112769740ns10:Original2022-07-3112769740ns10:Originalns5:CurrentFinancialInstruments2023-07-3112769740ns10:Originalns5:CurrentFinancialInstruments2022-07-3112769740ns5:ShareCapitalns10:Original2023-07-3112769740ns5:ShareCapitalns10:Original2022-07-3112769740ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3112769740ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3112769740ns10:Originalns10:RegisteredOffice2022-08-012023-07-3112769740ns10:Original12022-08-012023-07-3112769740ns10:Original2021-08-012022-07-31
REGISTERED NUMBER: 12769740 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Eaton Surgical Services Ltd

Eaton Surgical Services Ltd (Registered number: 12769740)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2


Eaton Surgical Services Ltd (Registered number: 12769740)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £ £
Current assets
Investments 5 100,000 -
Cash at bank 92,471 144,717
192,471 144,717
Creditors
Amounts falling due within one year 6 (33,980 ) (26,659 )
Net current assets 158,491 118,058
Total assets less current liabilities 158,491 118,058

Capital and reserves
Called up share capital 100 100
Retained earnings 158,391 117,958
158,491 118,058

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

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

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 13 November 2023 and were signed on its behalf by:




Mr A C Eaton - Director


Eaton Surgical Services Ltd (Registered number: 12769740)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. Statutory information

Eaton Surgical Services 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: 12769740

Registered office: 22-26 King Street
King's Lynn
Norfolk
PE30 1HJ

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention or historic cost modified by revaluation of financial assets and financial liabilities held at fair value through profit and loss, except for the financial instruments that are measured at their fair values at the end of each reporting period, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for goods and services.

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

The principal accounting policies adopted are set out below. All accounting policies have been applied consistently, other than where new policies have been adopted.

Going Concern
The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future and have therefore accordingly prepared these financial statements on a going concern basis.

Eaton Surgical Services Ltd (Registered number: 12769740)

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


3. Accounting policies - continued

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements in conformity with FRS 102 requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancements, future investments, economic utilisation and the physical condition of the assets. See notes to the accounts for the carrying amount of tangible assets and the useful economic lives for each class of assets.

(ii) Taxation

The company establishes provisions based on reasonable estimates, for possible consequences of audits by the tax authorities. The amount of such provisions is based on various factors, such as experience with the previous tax audits and differing interpretations of tax regulations by the taxable entity and the responsible tax authority.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

Eaton Surgical Services Ltd (Registered number: 12769740)

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


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.


Eaton Surgical Services Ltd (Registered number: 12769740)

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


3. 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.

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.

4. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

5. Current asset investments
31.7.23 31.7.22
£ £
Listed investments 100,000 -

6. Creditors: amounts falling due within one year
31.7.23 31.7.22
£ £
Trade creditors 881 -
Taxation and social security 10,868 12,607
Other creditors 22,231 14,052
33,980 26,659

7. Related party disclosures

During the year, there were net transactions with the directors amounting to £7,514 (2022: £13,251) leaving an outstanding balance at the year end of £20,766.

The company holds assets in accounts in the name of the director as a nominee of the company.
At the year end there was £ 192,471 held in these accounts.