Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 SC404225 Dr Andrew Lambert iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC404225 2022-07-31 SC404225 2023-07-31 SC404225 2022-08-01 2023-07-31 SC404225 frs-core:CurrentFinancialInstruments 2023-07-31 SC404225 frs-core:ComputerEquipment 2023-07-31 SC404225 frs-core:ComputerEquipment 2022-08-01 2023-07-31 SC404225 frs-core:ComputerEquipment 2022-07-31 SC404225 frs-core:FurnitureFittings 2023-07-31 SC404225 frs-core:FurnitureFittings 2022-08-01 2023-07-31 SC404225 frs-core:FurnitureFittings 2022-07-31 SC404225 frs-core:NetGoodwill 2023-07-31 SC404225 frs-core:NetGoodwill 2022-08-01 2023-07-31 SC404225 frs-core:NetGoodwill 2022-07-31 SC404225 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 SC404225 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 SC404225 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-07-31 SC404225 frs-core:MotorVehicles 2023-07-31 SC404225 frs-core:MotorVehicles 2022-08-01 2023-07-31 SC404225 frs-core:MotorVehicles 2022-07-31 SC404225 frs-core:ShareCapital 2023-07-31 SC404225 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 SC404225 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 SC404225 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 SC404225 frs-bus:SmallEntities 2022-08-01 2023-07-31 SC404225 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 SC404225 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 SC404225 frs-bus:Director1 2022-08-01 2023-07-31 SC404225 frs-countries:Scotland 2022-08-01 2023-07-31 SC404225 2021-07-31 SC404225 2022-07-31 SC404225 2021-08-01 2022-07-31 SC404225 frs-core:CurrentFinancialInstruments 2022-07-31 SC404225 frs-core:ShareCapital 2022-07-31 SC404225 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: SC404225
Totus Spinal Care Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
CAD Accountancy Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC404225
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 37,818 39,919
Tangible Assets 5 81,038 37,627
118,856 77,546
CURRENT ASSETS
Debtors 6 1,999 984
Cash at bank and in hand 200,004 251,928
202,003 252,912
Creditors: Amounts Falling Due Within One Year 7 (75,304 ) (22,370 )
NET CURRENT ASSETS (LIABILITIES) 126,699 230,542
TOTAL ASSETS LESS CURRENT LIABILITIES 245,555 308,088
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,335 ) (6,095 )
NET ASSETS 231,220 301,993
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 231,120 301,893
SHAREHOLDERS' FUNDS 231,220 301,993
Page 1
Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Andrew Lambert
Director
22nd April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Totus Spinal Care Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC404225 . The registered office is 994 Crow Road North, Anniesland, Glasgow, G13 1JN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20 year straight line
Motor Vehicles 33% reducing balance
Fixtures & Fittings 33% reducing balance
Computer Equipment 33% reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 5)
6 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 42,020
As at 31 July 2023 42,020
Amortisation
As at 1 August 2022 2,101
Provided during the period 2,101
As at 31 July 2023 4,202
Net Book Value
As at 31 July 2023 37,818
As at 1 August 2022 39,919
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2022 5,842 - 44,339 3,777 53,958
Additions - 58,843 22,032 152 81,027
As at 31 July 2023 5,842 58,843 66,371 3,929 134,985
Depreciation
As at 1 August 2022 292 - 14,780 1,259 16,331
Provided during the period 292 19,418 17,025 881 37,616
As at 31 July 2023 584 19,418 31,805 2,140 53,947
Net Book Value
As at 31 July 2023 5,258 39,425 34,566 1,789 81,038
As at 1 August 2022 5,550 - 29,559 2,518 37,627
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 1
Other debtors 1,999 983
1,999 984
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 74,592 5,570
Taxation and social security 712 16,800
75,304 22,370
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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