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REGISTERED NUMBER: 13127859 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Sheffield Heart Limited

Sheffield Heart Limited (Registered number: 13127859)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sheffield Heart Limited

Company Information
for the Year Ended 31st March 2023







DIRECTOR: Dr N T Lewis





REGISTERED OFFICE: First Floor
49 Peter Street
Manchester
M2 3NG





BUSINESS ADDRESS: 38 Rutland Park
Sheffield
S10 2PB





REGISTERED NUMBER: 13127859 (England and Wales)





ACCOUNTANTS: Veritas Accountants & Advisory Limited
First Floor
49 Peter Street
Manchester
M2 3NG

Sheffield Heart Limited (Registered number: 13127859)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,867 705

CURRENT ASSETS
Debtors 5 522 3,343
Cash at bank 24,066 6,480
24,588 9,823
CREDITORS
Amounts falling due within one year 6 8,779 3,297
NET CURRENT ASSETS 15,809 6,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,676

7,231

PROVISIONS FOR LIABILITIES 545 134
NET ASSETS 18,131 7,097

CAPITAL AND RESERVES
Called up share capital 7 101 101
Retained earnings 18,030 6,996
SHAREHOLDERS' FUNDS 18,131 7,097

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 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th November 2023 and were signed by:





Dr N T Lewis - Director


Sheffield Heart Limited (Registered number: 13127859)

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

1. COMPANY INFORMATION

Sheffield Heart Limited 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful life.

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.

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 2 (2022 - 2 ) .

Sheffield Heart Limited (Registered number: 13127859)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st April 2022 773
Additions 2,796
At 31st March 2023 3,569
DEPRECIATION
At 1st April 2022 68
Charge for year 634
At 31st March 2023 702
NET BOOK VALUE
At 31st March 2023 2,867
At 31st March 2022 705

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 522 3,343

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 8,069 2,391
Directors' current accounts 710 906
8,779 3,297

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
99 Ordinary A £1 99 99
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
101 101

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

Ordinary B and Ordinary C 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 and C shares rank pari passu in terms of dividend and capital distribution rights.

Sheffield Heart Limited (Registered number: 13127859)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.3.23 31.3.22
£    £   
Dr N T Lewis
Balance outstanding at start of year (906 ) -
Amounts advanced 27,345 499
Amounts repaid (27,150 ) (1,405 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (711 ) (906 )