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REGISTERED NUMBER: 03683946 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024

FOR

REAM SURGICAL LIMITED

REAM SURGICAL LIMITED (REGISTERED NUMBER: 03683946)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 October 2022 to 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

REAM SURGICAL LIMITED

COMPANY INFORMATION
for the Period 1 October 2022 to 31 March 2024







DIRECTORS: R A D Manning
R W Timberlake





REGISTERED OFFICE: Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH





REGISTERED NUMBER: 03683946 (England and Wales)





ACCOUNTANTS: BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH

REAM SURGICAL LIMITED (REGISTERED NUMBER: 03683946)

BALANCE SHEET
31 March 2024

31.3.24 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 46,531 20,401
Investments 6 29,450 26,482
75,981 46,883

CURRENT ASSETS
Stocks 125,051 108,553
Debtors 7 314,418 427,693
Cash at bank and in hand 273,980 20,325
713,449 556,571
CREDITORS
Amounts falling due within one year 8 247,020 162,292
NET CURRENT ASSETS 466,429 394,279
TOTAL ASSETS LESS CURRENT
LIABILITIES

542,410

441,162

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 542,310 441,062
SHAREHOLDERS' FUNDS 542,410 441,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

REAM SURGICAL LIMITED (REGISTERED NUMBER: 03683946)

BALANCE SHEET - continued
31 March 2024


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 Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:





R A D Manning - Director


REAM SURGICAL LIMITED (REGISTERED NUMBER: 03683946)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 October 2022 to 31 March 2024


1. STATUTORY INFORMATION

Ream Surgical 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.

Preparation of consolidated financial statements
The financial statements contain information about Ream Surgical Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Revenue is recognised when it is probable that future economic benefits will flow to the company from the provision of contracts for the sale of goods and services and is measured as the fair value of consideration which the company expects to receive from those transactions. Revenue is recognised as control of the goods and services are passed over to the customer. Where the normal criteria for the recognition of revenue are not met or are varied, then revenue is recognised at the point when control has passed to the customer which could be when legal title has passed to the customer or when the business has a right to payment such as on delivery or when cash payment has been made to the company. Revenue is recognised net of returns and of trade discounts and is shown exclusive of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1995, has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

REAM SURGICAL LIMITED (REGISTERED NUMBER: 03683946)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 October 2022 to 31 March 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 31 March 2024 12,000
AMORTISATION
At 1 October 2022
and 31 March 2024 12,000
NET BOOK VALUE
At 31 March 2024 -
At 30 September 2022 -

REAM SURGICAL LIMITED (REGISTERED NUMBER: 03683946)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 October 2022 to 31 March 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 October 2022 5,431 23,133 10,351
Additions 21,522 - 4,281
Disposals (2,431 ) (16,788 ) (4,831 )
At 31 March 2024 24,522 6,345 9,801
DEPRECIATION
At 1 October 2022 5,431 19,152 10,351
Charge for period - 3,981 -
Eliminated on disposal (2,431 ) (16,788 ) (4,831 )
At 31 March 2024 3,000 6,345 5,520
NET BOOK VALUE
At 31 March 2024 21,522 - 4,281
At 30 September 2022 - 3,981 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2022 58,085 29,123 126,123
Additions - 10,949 36,752
Disposals (12,248 ) (23,914 ) (60,212 )
At 31 March 2024 45,837 16,158 102,663
DEPRECIATION
At 1 October 2022 42,909 27,879 105,722
Charge for period 4,709 1,931 10,621
Eliminated on disposal (12,247 ) (23,914 ) (60,211 )
At 31 March 2024 35,371 5,896 56,132
NET BOOK VALUE
At 31 March 2024 10,466 10,262 46,531
At 30 September 2022 15,176 1,244 20,401

REAM SURGICAL LIMITED (REGISTERED NUMBER: 03683946)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 October 2022 to 31 March 2024


6. FIXED ASSET INVESTMENTS
Other
investme-
nts
£   
COST
At 1 October 2022 26,482
Share of profit/(loss) 2,968
At 31 March 2024 29,450
NET BOOK VALUE
At 31 March 2024 29,450
At 30 September 2022 26,482

The company is a designated member in Harvey Medic LLP.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.9.22
£    £   
Trade debtors 181,541 196,243
Amounts owed by group undertakings 58,293 58,293
Other debtors 74,584 173,157
314,418 427,693

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.9.22
£    £   
Trade creditors 93,749 83,267
Taxation and social security 89,514 62,333
Other creditors 63,757 16,692
247,020 162,292

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 30.9.22
£    £   
Within one year 29,136 20,400
Between one and five years 87,408 10,200
116,544 30,600

10. SECURED DEBTS

The bank holds a fixed and floating charge over the assets of the company.

REAM SURGICAL LIMITED (REGISTERED NUMBER: 03683946)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 October 2022 to 31 March 2024


11. ULTIMATE CONTROLLING PARTY

The controlling party is Ream Holdings Limited.

The ultimate controlling party is R A D Manning.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
REAM SURGICAL LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ream Surgical Limited for the period ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ream Surgical Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ream Surgical Limited and state those matters that we have agreed to state to the Board of Directors of Ream Surgical Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ream Surgical Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ream Surgical Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ream Surgical Limited. You consider that Ream Surgical Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Ream Surgical Limited. 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 financial statements.






BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH


6 August 2024