Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 12333908 Mr Morris Williams-Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12333908 2022-11-30 12333908 2023-11-30 12333908 2022-12-01 2023-11-30 12333908 frs-core:CurrentFinancialInstruments 2023-11-30 12333908 frs-core:Non-currentFinancialInstruments 2023-11-30 12333908 frs-core:FurnitureFittings 2023-11-30 12333908 frs-core:FurnitureFittings 2022-12-01 2023-11-30 12333908 frs-core:FurnitureFittings 2022-11-30 12333908 frs-core:PlantMachinery 2023-11-30 12333908 frs-core:PlantMachinery 2022-12-01 2023-11-30 12333908 frs-core:PlantMachinery 2022-11-30 12333908 frs-core:ShareCapital 2023-11-30 12333908 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 12333908 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12333908 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 12333908 frs-bus:SmallEntities 2022-12-01 2023-11-30 12333908 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12333908 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 12333908 frs-bus:Director1 2022-12-01 2023-11-30 12333908 frs-countries:EnglandWales 2022-12-01 2023-11-30 12333908 2021-11-30 12333908 2022-11-30 12333908 2021-12-01 2022-11-30 12333908 frs-core:CurrentFinancialInstruments 2022-11-30 12333908 frs-core:Non-currentFinancialInstruments 2022-11-30 12333908 frs-core:ShareCapital 2022-11-30 12333908 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 12333908
Far From Surgical Solutions Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Bennett Verby Limited
7 St Petersgate
Stockport
Cheshire
SK1 1EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12333908
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,184 3,541
8,184 3,541
CURRENT ASSETS
Stocks 5 32,847 32,269
Debtors 6 46,643 34,184
Cash at bank and in hand 22,917 40,228
102,407 106,681
Creditors: Amounts Falling Due Within One Year 7 (52,105 ) (49,101 )
NET CURRENT ASSETS (LIABILITIES) 50,302 57,580
TOTAL ASSETS LESS CURRENT LIABILITIES 58,486 61,121
Creditors: Amounts Falling Due After More Than One Year 8 (47,396 ) (38,781 )
NET ASSETS 11,090 22,340
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 10,990 22,240
SHAREHOLDERS' FUNDS 11,090 22,340
Page 1
Page 2
For the year ending 30 November 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
Mr Morris Williams-Brown
Director
30 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Far From Surgical Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12333908 . The registered office is Ty Taf Fechan, Dol-Y-Gaer, Merthyr Tydfil, CF48 2UR.
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. 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:
Plant & Machinery 15% Reducing balance
Fixtures & Fittings 15% Reducing balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. 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 years 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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 assets reflect 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2022 4,000 833 4,833
Additions - 5,274 5,274
As at 30 November 2023 4,000 6,107 10,107
Depreciation
As at 1 December 2022 940 352 1,292
Provided during the period 459 172 631
As at 30 November 2023 1,399 524 1,923
Net Book Value
As at 30 November 2023 2,601 5,583 8,184
As at 1 December 2022 3,060 481 3,541
5. Stocks
2023 2022
£ £
Finished goods 32,847 32,269
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 30,296 14,399
Amounts owed by group undertakings 13,202 19,685
Other debtors 3,145 100
46,643 34,184
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 12,554
Bank loans and overdrafts 20,483 -
Other creditors 11,588 10,047
Taxation and social security 20,034 26,500
52,105 49,101
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 47,396 38,781
9. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid - 100
Called Up Share Capital has been paid up 100 -
Amount of Allotted, Called Up Share Capital 100 100
Page 5