Company registration number 06324404 (England and Wales)
SPOT DIAGNOSTICS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
SPOT DIAGNOSTICS LTD
COMPANY INFORMATION
Directors
Dr P Strouhal
Mrs S J Strouhal
Company number
06324404
Registered office
Suite 2, Albion House
2 Etruria Office Village
Forge Lane, Etruria
Stoke on Trent
Staffordshire
ST1 5RQ
Accountants
Dains Accountants Limited
Suite 2, Albion House
2 Etruria Office Village
Forge Lane
Stoke on Trent
Staffordshire
ST1 5RQ
SPOT DIAGNOSTICS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SPOT DIAGNOSTICS LTD
BALANCE SHEET
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
192
251
Current assets
Debtors
5
39,863
27,728
Cash at bank and in hand
3,112
2,705
42,975
30,433
Creditors: amounts falling due within one year
6
(9,162)
(5,714)
Net current assets
33,813
24,719
Total assets less current liabilities
34,005
24,970
Provisions for liabilities
(48)
(48)
Net assets
33,957
24,922
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
33,857
24,822
Total equity
33,957
24,922
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 12 April 2024 and are signed on its behalf by:
Dr P Strouhal
Director
Company Registration No. 06324404
SPOT DIAGNOSTICS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 2 -
1
Accounting policies
Company information
Spot Diagnostics Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Suite 2, Albion House, 2 Etruria Office Village, Forge Lane, Etruria, Stoke on Trent, Staffordshire, ST1 5RQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
SPOT DIAGNOSTICS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
3
Operating profit
2023
2022
Operating profit for the year is stated after charging:
£
£
Depreciation of owned tangible fixed assets
216
809
4
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 August 2022
7,537
Additions
157
Disposals
(6,748)
At 31 July 2023
946
Depreciation and impairment
At 1 August 2022
7,286
Depreciation charged in the year
216
Eliminated in respect of disposals
(6,748)
At 31 July 2023
754
Carrying amount
At 31 July 2023
192
At 31 July 2022
251
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
7,351
6,121
Other debtors
32,512
21,607
39,863
27,728
SPOT DIAGNOSTICS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 4 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
346
Taxation and social security
7,317
3,918
Other creditors
1,499
1,796
9,162
5,714
7
Directors' transactions
The following advances and credits to a director subsisted during the years ended 31 July 2023:
Description
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Directors Loan Account
21,607
36,828
(25,924)
32,511
21,607
36,828
(25,924)
32,511