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Registered number: 14823479
Surgery AI Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Max Accountants Ltd
Ketton Suite
The King Centre
Oakham
Rutland
LE15 7WD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14823479
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 2,435
2,435
CURRENT ASSETS
Debtors 5 3,774
Cash at bank and in hand 81,439
85,213
Creditors: Amounts Falling Due Within One Year 6 (122,396 )
NET CURRENT ASSETS (LIABILITIES) (37,183 )
TOTAL ASSETS LESS CURRENT LIABILITIES (34,748 )
NET LIABILITIES (34,748 )
CAPITAL AND RESERVES
Called up share capital 7 1
Profit and Loss Account (34,749 )
SHAREHOLDERS' FUNDS (34,748)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Miss Natalie Alice Cooke
Director
20 January 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Surgery AI Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14823479 . The registered office is 77 Fulham Palace Road, The Foundry Building - Spaces Office 01.03, London, W6 8AF.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. 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:
Computer Equipment Straight line, 3 years
2.3. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.4. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price including transaction costs.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2
2
Page 2
Page 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 24 April 2023 -
Additions 2,499
As at 30 April 2024 2,499
Depreciation
As at 24 April 2023 -
Provided during the period 64
As at 30 April 2024 64
Net Book Value
As at 30 April 2024 2,435
As at 24 April 2023 -
5. Debtors
2024
£
Due within one year
Other debtors 3,774
6. Creditors: Amounts Falling Due Within One Year
2024
£
Other creditors 120,793
Taxation and social security 1,603
122,396
7. Share Capital
2024
£
Allotted, Called up and fully paid 1
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024
£
Not later than one year 19,250
19,250
Page 3