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REGISTERED NUMBER: 07190046 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

South Yorkshire Shoulder And Elbow
Clinic Ltd

South Yorkshire Shoulder And Elbow
Clinic Ltd (Registered number: 07190046)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


South Yorkshire Shoulder And Elbow
Clinic Ltd (Registered number: 07190046)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101,391 5,227
Investments 5 208,035 208,035
309,426 213,262

CURRENT ASSETS
Debtors 6 10,904 7,822
Cash at bank 508,248 439,167
519,152 446,989
CREDITORS
Amounts falling due within one year 7 17,858 24,012
NET CURRENT ASSETS 501,294 422,977
TOTAL ASSETS LESS CURRENT
LIABILITIES

810,720

636,239

CREDITORS
Amounts falling due after more than
one year

8

(78,436

)

-

PROVISIONS FOR LIABILITIES 10 (19,264 ) (993 )
NET ASSETS 713,020 635,246

South Yorkshire Shoulder And Elbow
Clinic Ltd (Registered number: 07190046)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 102 102
Retained earnings 712,918 635,144
SHAREHOLDERS' FUNDS 713,020 635,246

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





Dr A A Ali - Director


South Yorkshire Shoulder And Elbow
Clinic Ltd (Registered number: 07190046)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

South Yorkshire Shoulder And Elbow Clinic Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07190046

Registered office: C/o Echo Tax, SPACES Manchester
Peter House
Oxford Street
Manchester
M1 5AN

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.

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 - 25% on cost
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


South Yorkshire Shoulder And Elbow
Clinic Ltd (Registered number: 07190046)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 15,933 - 15,933
Additions 715 116,575 117,290
Disposals (9,563 ) - (9,563 )
At 31 March 2024 7,085 116,575 123,660
DEPRECIATION
At 1 April 2023 10,706 - 10,706
Charge for year 1,697 19,429 21,126
Eliminated on disposal (9,563 ) - (9,563 )
At 31 March 2024 2,840 19,429 22,269
NET BOOK VALUE
At 31 March 2024 4,245 97,146 101,391
At 31 March 2023 5,227 - 5,227

South Yorkshire Shoulder And Elbow
Clinic Ltd (Registered number: 07190046)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 April 2023
and 31 March 2024 208,035
NET BOOK VALUE
At 31 March 2024 208,035
At 31 March 2023 208,035

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 9,947 6,993
Prepayments and accrued income 957 829
10,904 7,822

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other loans (see note 9) 14,397 -
Tax (3,203 ) 10,829
Social security and other taxes 328 -
Directors' current accounts 5,136 13,183
Accrued expenses 1,200 -
17,858 24,012

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Other loans (see note 9) 78,436 -

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Other loans 14,397 -

South Yorkshire Shoulder And Elbow
Clinic Ltd (Registered number: 07190046)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. LOANS - continued
31.3.24 31.3.23
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 78,436 -

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 19,264 993

Deferred
tax
£   
Balance at 1 April 2023 993
Provided during year 18,271
Balance at 31 March 2024 19,264

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
102 102

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Dr A A Ali
Balance outstanding at start of year (13,183 ) (204,360 )
Amounts advanced 17,938 204,559
Amounts repaid (9,891 ) (13,382 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,136 ) (13,183 )

South Yorkshire Shoulder And Elbow
Clinic Ltd (Registered number: 07190046)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

13. ULTIMATE CONTROLLING PARTY

The controlling party is Dr A A Ali.