Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30falsefalse2023-10-01medical services22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07760941 2023-10-01 2024-09-30 07760941 2022-10-01 2023-09-30 07760941 2024-09-30 07760941 2023-09-30 07760941 c:Director1 2023-10-01 2024-09-30 07760941 d:OfficeEquipment 2024-09-30 07760941 d:OfficeEquipment 2023-09-30 07760941 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 07760941 d:ComputerEquipment 2023-10-01 2024-09-30 07760941 d:CurrentFinancialInstruments 2024-09-30 07760941 d:CurrentFinancialInstruments 2023-09-30 07760941 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 07760941 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 07760941 d:ShareCapital 2024-09-30 07760941 d:ShareCapital 2023-09-30 07760941 d:RetainedEarningsAccumulatedLosses 2024-09-30 07760941 d:RetainedEarningsAccumulatedLosses 2023-09-30 07760941 c:FRS102 2023-10-01 2024-09-30 07760941 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07760941 c:FullAccounts 2023-10-01 2024-09-30 07760941 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07760941 2 2023-10-01 2024-09-30 07760941 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 07760941










SZPUNT MEDICAL SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
SZPUNT MEDICAL SERVICES LIMITED
REGISTERED NUMBER: 07760941

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
457
912

  
457
912

Current assets
  

Debtors: amounts falling due within one year
 6 
9,330
14,882

Bank and cash balances
  
18,197
9,595

  
27,527
24,477

Creditors: amounts falling due within one year
 7 
(11,938)
(10,277)

Net current assets
  
 
 
15,589
 
 
14,200

Total assets less current liabilities
  
16,046
15,112

  

Net assets
  
16,046
15,112


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
16,044
15,110

  
16,046
15,112


Page 1

 
SZPUNT MEDICAL SERVICES LIMITED
REGISTERED NUMBER: 07760941
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Dr B Szpunt
Director

Date: 5 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SZPUNT MEDICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Szpunt Medical Services Limited is a private company, limited by shares, incorporated in England and Wales in the United Kingdom. The address of the registered office is 9 Reams Way, Kemsley, Sittingbourne, Kent, ME10 2GD.
The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on a going concern basis and that there are no material nucertainties that cast significant doubt on the company's ability to continue as a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
SZPUNT MEDICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
SZPUNT MEDICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%
straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

No significant judgements have been made by management in preparing these financial statements.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
SZPUNT MEDICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 October 2023
3,070



At 30 September 2024

3,070



Depreciation


At 1 October 2023
2,158


Charge for the year on owned assets
455



At 30 September 2024

2,613



Net book value



At 30 September 2024
457



At 30 September 2023
912

Page 6

 
SZPUNT MEDICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
6,232
6,232

Other debtors
1,050
8,650

Prepayments and accrued income
2,048
-

9,330
14,882



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
9,820
8,459

Accruals and deferred income
2,118
1,818

11,938
10,277


 
Page 7