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REGISTERED NUMBER: 07358356 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Derby Knee And Sports Surgery Ltd

Derby Knee And Sports Surgery Ltd (Registered number: 07358356)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Derby Knee And Sports Surgery Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: G G Geutjens FRCS (Orth)





REGISTERED OFFICE: Cliffe Hill House
22 - 26 Nottingham Road
Stapleford
Nottingham
Nottinghamshire
NG9 8AA





REGISTERED NUMBER: 07358356 (England and Wales)





ACCOUNTANTS: Haines Watts
Cliffe Hill House
22-26 Nottingham Road
Stapleford
Nottingham
NG9 8AA

Derby Knee And Sports Surgery Ltd (Registered number: 07358356)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,546 2,546
Tangible assets 5 91,663 113,775
Investments 6 197,335 90,221
291,544 206,542

CURRENT ASSETS
Debtors 7 339,726 338,973
Cash at bank 156,248 164,066
495,974 503,039
CREDITORS
Amounts falling due within one year 8 155,570 93,941
NET CURRENT ASSETS 340,404 409,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

631,948

615,640

CREDITORS
Amounts falling due after more than one
year

9

(66,005

)

(78,411

)

PROVISIONS FOR LIABILITIES (23,568 ) (18,909 )
NET ASSETS 542,375 518,320

CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 12 5,336 -
Retained earnings 536,939 518,220
SHAREHOLDERS' FUNDS 542,375 518,320

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Derby Knee And Sports Surgery Ltd (Registered number: 07358356)

Balance Sheet - continued
31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2024 and were signed by:





G G Geutjens FRCS (Orth) - Director


Derby Knee And Sports Surgery Ltd (Registered number: 07358356)

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

1. STATUTORY INFORMATION

Derby Knee And Sports Surgery Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets represent amounts of crypto currencies held. These are held at original cost.

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 etc - 25% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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.

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.

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.

Other investments
Other investments are included at their fair value.

Derby Knee And Sports Surgery Ltd (Registered number: 07358356)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 2,546
NET BOOK VALUE
At 31 January 2024 2,546
At 31 January 2023 2,546

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 157,960
Additions 6,953
At 31 January 2024 164,913
DEPRECIATION
At 1 February 2023 44,185
Charge for year 29,065
At 31 January 2024 73,250
NET BOOK VALUE
At 31 January 2024 91,663
At 31 January 2023 113,775

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 February 2023 90,221
Additions 100,000
Revaluations 7,114
At 31 January 2024 197,335
NET BOOK VALUE
At 31 January 2024 197,335
At 31 January 2023 90,221

Derby Knee And Sports Surgery Ltd (Registered number: 07358356)

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

6. FIXED ASSET INVESTMENTS - continued

The company's investment is carried at fair value. The investment was revalued as at 31.01.2024, and the valuation resulted in an adjustment of £7,114, which has been recognised in the profit and loss account.
The fair value has been determined based on market evidence. The investment is nov recorded at its fair value of £197,335.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 35,775 36,281
Other debtors 303,951 302,692
339,726 338,973

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 12,406 12,406
Trade creditors 2,820 -
Taxation and social security 133,921 75,065
Other creditors 6,423 6,470
155,570 93,941

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 66,005 78,411

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 78,411 90,817

Amounts owed under Hire Purchase contracts are secured against the assets to which they relate.

11. CALLED UP SHARE CAPITAL

Share capital allotted, issued and fully paid:


Number:

Class:
Nominal
Value:

2023

2022

75 Ordinary A £1 75 75
15 Ordinary B £1 15 15
5 Ordinary C £1 5 5
5 Ordinary D £1 5 5
100 100

Derby Knee And Sports Surgery Ltd (Registered number: 07358356)

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

12. RESERVES
Revaluation
reserve
£   
FV - adjustment 5,336

At 31 January 2024 5,336

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.1.24 31.1.23
£    £   
G G Geutjens FRCS (Orth)
Balance outstanding at start of year 302,692 215,375
Amounts advanced 307,344 303,402
Amounts repaid (306,085 ) (216,085 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 303,951 302,692