IRIS Accounts Production v24.3.2.46 07289221 Board of Directors 1.7.23 30.6.24 30.6.24 0 0 false true false false true false 4044 1811 2761 2621 4994 6665 4044 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072892212023-06-30072892212024-06-30072892212023-07-012024-06-30072892212022-06-30072892212022-07-012023-06-30072892212023-06-3007289221ns15:EnglandWales2023-07-012024-06-3007289221ns14:PoundSterling2023-07-012024-06-3007289221ns10:Director12023-07-012024-06-3007289221ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3007289221ns10:SmallEntities2023-07-012024-06-3007289221ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3007289221ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3007289221ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3007289221ns10:FullAccounts2023-07-012024-06-3007289221ns10:Director2422023-06-3007289221ns10:Director2422022-06-3007289221ns10:Director2422022-07-012023-06-3007289221ns10:Director2422023-07-012024-06-3007289221ns10:Director2422024-06-3007289221ns10:Director2422023-06-3007289221ns10:Director22023-07-012024-06-3007289221ns10:CompanySecretary12023-07-012024-06-3007289221ns10:RegisteredOffice2023-07-012024-06-3007289221ns5:CurrentFinancialInstruments2024-06-3007289221ns5:CurrentFinancialInstruments2023-06-3007289221ns5:ShareCapital2024-06-3007289221ns5:ShareCapital2023-06-3007289221ns5:RetainedEarningsAccumulatedLosses2024-06-3007289221ns5:RetainedEarningsAccumulatedLosses2023-06-3007289221ns5:FurnitureFittings2023-07-012024-06-3007289221ns5:ComputerEquipment2023-07-012024-06-3007289221ns5:FurnitureFittings2023-06-3007289221ns5:ComputerEquipment2023-06-3007289221ns5:FurnitureFittings2024-06-3007289221ns5:ComputerEquipment2024-06-3007289221ns5:FurnitureFittings2023-06-3007289221ns5:ComputerEquipment2023-06-30072892211ns10:Director12023-06-30072892211ns10:Director12022-06-30072892211ns10:Director12023-07-012024-06-30072892211ns10:Director12022-07-012023-06-30072892211ns10:Director12024-06-30072892211ns10:Director12023-06-30
REGISTERED NUMBER: 07289221 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SOUTH DEVON SHOULDER SPECIALIST LTD

SOUTH DEVON SHOULDER SPECIALIST LTD (REGISTERED NUMBER: 07289221)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SOUTH DEVON SHOULDER SPECIALIST LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr R Ramesh
Mrs M Ramesh



SECRETARY: Mrs M Ramesh



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 07289221 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: HSBC
4 Strand
Torquay
Devon
TQ1 2AB

SOUTH DEVON SHOULDER SPECIALIST LTD (REGISTERED NUMBER: 07289221)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,176 1,908

CURRENT ASSETS
Debtors 5 4,134 3,034
Cash at bank 20,664 32,240
24,798 35,274
CREDITORS
Amounts falling due within one year 6 26,068 29,644
NET CURRENT (LIABILITIES)/ASSETS (1,270 ) 5,630
TOTAL ASSETS LESS CURRENT LIABILITIES 906 7,538

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 406 7,038
SHAREHOLDERS' FUNDS 906 7,538

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 28 January 2025 and were signed on its behalf by:





Mr R Ramesh - Director


SOUTH DEVON SHOULDER SPECIALIST LTD (REGISTERED NUMBER: 07289221)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

South Devon Shoulder Specialist 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.

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 - 15% on reducing balance
Computer equipment - 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

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

SOUTH DEVON SHOULDER SPECIALIST LTD (REGISTERED NUMBER: 07289221)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 279 3,018 3,297
Additions 1,063 - 1,063
At 30 June 2024 1,342 3,018 4,360
DEPRECIATION
At 1 July 2023 279 1,110 1,389
Charge for year 159 636 795
At 30 June 2024 438 1,746 2,184
NET BOOK VALUE
At 30 June 2024 904 1,272 2,176
At 30 June 2023 - 1,908 1,908

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,134 3,034

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 1,830 3,258
Directors' current accounts 6,665 4,044
Accrued expenses 17,573 22,342
26,068 29,644

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr R Ramesh and Mrs M Ramesh
Balance outstanding at start of year (4,044 ) (1,811 )
Amounts advanced - 2,761
Amounts repaid (2,621 ) (4,994 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,665 ) (4,044 )

Loans are unsecured, interest free and repayable on demand.

SOUTH DEVON SHOULDER SPECIALIST LTD (REGISTERED NUMBER: 07289221)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. RELATED PARTY DISCLOSURES

During the year, the company rented the directors personal residence under a Licence to Occupy agreement for £802 (2023 £924).