Company Registration No. 12699752 (England and Wales)
Advanced Spinal Care Ltd
Unaudited accounts
for the year ended 30 September 2023
Advanced Spinal Care Ltd
Unaudited accounts
Contents
Advanced Spinal Care Ltd
Company Information
for the year ended 30 September 2023
Directors
Tracy Rosanna Bown
Nicholas David Bach-Price
Company Number
12699752 (England and Wales)
Registered Office
10B GORINGS SQUARE
STAINES-UPON-THAMES
SURREY
TW18 4EW
UNITED KINGDOM
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
Advanced Spinal Care Ltd
Accountants' report
Accountants' report to the board of directors of Advanced Spinal Care Ltd on the preparation of the unaudited statutory accounts for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Advanced Spinal Care Ltd for the year ended
30 September 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Advanced Spinal Care Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Advanced Spinal Care Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Advanced Spinal Care Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Advanced Spinal Care Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Advanced Spinal Care Ltd. You consider that Advanced Spinal Care Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Advanced Spinal Care Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
16 November 2023
Advanced Spinal Care Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
14,402
35,021
Cash at bank and in hand
32,694
58,167
Creditors: amounts falling due within one year
(48,544)
(123,047)
Net current liabilities
(93,788)
(60,156)
Net liabilities
(79,037)
(24,586)
Called up share capital
100
100
Profit and loss account
(79,137)
(24,686)
Shareholders' funds
(79,037)
(24,586)
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by
Tracy Rosanna Bown
Director
Company Registration No. 12699752
Advanced Spinal Care Ltd
Notes to the Accounts
for the year ended 30 September 2023
Advanced Spinal Care Ltd is a private company, limited by shares, registered in England and Wales, registration number 12699752. The registered office is 10B GORINGS SQUARE, STAINES-UPON-THAMES, SURREY, TW18 4EW, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5 years straight line
Motor vehicles
3 years straight line
Fixtures & fittings
3 years straight line
Computer equipment
3 years straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Advanced Spinal Care Ltd
Notes to the Accounts
for the year ended 30 September 2023
Both Directors have confirmed that the business will be a going concern for the foreseeable future and that the working capital will be funded through an interest-free Director Loan. Both Directors confirm that the Director Loan will not be called up within the next 12 months.
There is negative reserves as at September 2023, however, this has improved and in January 2024 returned to positive reserves of more than £3,000 therefore, the company is self-sufficient financially to cover further liabilities.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 October 2022
5,821
21,280
33,000
6,573
4,809
71,483
At 30 September 2023
5,821
21,280
33,000
6,574
5,687
72,362
At 1 October 2022
2,171
15,734
12,833
3,351
2,373
36,462
Charge for the year
1,164
5,460
11,000
2,126
1,748
21,498
At 30 September 2023
3,335
21,194
23,833
5,477
4,121
57,960
At 30 September 2023
2,486
86
9,167
1,097
1,566
14,402
At 30 September 2022
3,650
5,546
20,167
3,222
2,436
35,021
Advanced Spinal Care Ltd
Notes to the Accounts
for the year ended 30 September 2023
Amounts falling due within one year
Accrued income and prepayments
761
-
Other debtors
(84,091)
3,250
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
(1,958)
594
Taxes and social security
10,218
12,511
Loans from directors
-
73,828
Deferred income
38,211
35,702
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Nicholas David Bach-Price
At the year end date the Directors Loan Account Tracy Rosanna Brown was overdrawn by £812. The loan has been extended as an interest free loan that is repayable upon demand.At the year end date the Directors Loan Account Nicholas David Bach was overdrawn by £812. The loan has been extended as an interest free loan that is repayable upon demand.
9
Average number of employees
During the year the average number of employees was 5 (2022: 6).