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REGISTERED NUMBER: 11319249 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Verghese Spine Limited

Verghese Spine Limited (Registered number: 11319249)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Verghese Spine Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: Dr N P Verghese
Mrs J Verghese





REGISTERED OFFICE: 2 Maple Court
Davenport Street
Macclesfield
Cheshire
SK10 1JE





REGISTERED NUMBER: 11319249 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Verghese Spine Limited (Registered number: 11319249)

Balance Sheet
30 April 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 143,363 61,507
Investments 5 - 25
143,363 61,532

CURRENT ASSETS
Debtors 6 129,848 161,179
Cash at bank 171,438 99,174
301,286 260,353
CREDITORS
Amounts falling due within one year 7 (63,999 ) (84,637 )
NET CURRENT ASSETS 237,287 175,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,650

237,248

CREDITORS
Amounts falling due after more than one year 8 (126,943 ) (39,757 )

PROVISIONS FOR LIABILITIES (35,841 ) (15,376 )
NET ASSETS 217,866 182,115

CAPITAL AND RESERVES
Called up share capital 10 101 101
Retained earnings 217,765 182,014
SHAREHOLDERS' FUNDS 217,866 182,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:




Dr N P Verghese - Director


Verghese Spine Limited (Registered number: 11319249)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Verghese Spine 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.

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
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases

Fixtures & fittings25% on cost
Motor vehicles 25% on cost
Computer equipment33% on cost

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Share capital
Ordinary shares are classed as equity.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Verghese Spine Limited (Registered number: 11319249)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 May 2023 117,091
Additions 120,197
At 30 April 2024 237,288
DEPRECIATION
At 1 May 2023 55,584
Charge for year 38,341
At 30 April 2024 93,925
NET BOOK VALUE
At 30 April 2024 143,363
At 30 April 2023 61,507

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 May 2023 108,072
Additions 119,427
At 30 April 2024 227,499
DEPRECIATION
At 1 May 2023 48,120
Charge for year 37,189
At 30 April 2024 85,309
NET BOOK VALUE
At 30 April 2024 142,190
At 30 April 2023 59,952

Verghese Spine Limited (Registered number: 11319249)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 May 2023 25
Disposals (25 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 25

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 27,565 49,623
Other debtors 102,283 111,556
129,848 161,179

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 16,153 28,252
Taxation and social security 40,303 44,163
Other creditors 7,543 12,222
63,999 84,637

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Hire purchase contracts 126,943 39,757

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 143,096 68,009

Hire purchase is secured on the asset to which it relates

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary A 1 100 100
1 Ordinary B 1 1 1
101 101

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Verghese Spine 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 Verghese Spine Limited for the year ended 30 April 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 Verghese Spine 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 Verghese Spine Limited and state those matters that we have agreed to state to the Board of Directors of Verghese Spine 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 Verghese Spine Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Verghese Spine 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 Verghese Spine Limited. You consider that Verghese Spine Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Verghese Spine 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.






Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


28 January 2025