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REGISTERED NUMBER: 06907179 (England and Wales)





















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Vantage Surgical Limited

Vantage Surgical Limited (Registered number: 06907179)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vantage Surgical Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Dr S Irani





REGISTERED OFFICE: 11 Carpenter Road
Edgbaston
Birmingham
West Midlands
B15 2JW





REGISTERED NUMBER: 06907179 (England and Wales)






Vantage Surgical Limited (Registered number: 06907179)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,761 53,961
Investments 5 92,140 92,140
Investment property 6 508,895 508,895
642,796 654,996

CURRENT ASSETS
Debtors 7 54,109 57,679
Cash at bank 1,518,841 1,373,894
1,572,950 1,431,573
CREDITORS
Amounts falling due within one year 8 133,511 102,014
NET CURRENT ASSETS 1,439,439 1,329,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,082,235

1,984,555

PROVISIONS FOR LIABILITIES 9,272 9,153
NET ASSETS 2,072,963 1,975,402

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,072,863 1,975,302
SHAREHOLDERS' FUNDS 2,072,963 1,975,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Vantage Surgical Limited (Registered number: 06907179)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 31 December 2024 and were signed by:





Dr S Irani - Director


Vantage Surgical Limited (Registered number: 06907179)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Vantage Surgical 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises the invoiced value of services supplied by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 2 (2023 - 2 ) .

Vantage Surgical Limited (Registered number: 06907179)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 102,448
Additions 920
At 31 March 2024 103,368
DEPRECIATION
At 1 April 2023 48,487
Charge for year 13,120
At 31 March 2024 61,607
NET BOOK VALUE
At 31 March 2024 41,761
At 31 March 2023 53,961

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£    £   
Property-Woolwich King Henrys 92,140 92,140

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 508,895
NET BOOK VALUE
At 31 March 2024 508,895
At 31 March 2023 508,895

Investment property comprises two properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out on 31 March 2020 by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices of similar properties.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2019 (3,861 )
Cost 512,756
508,895

Vantage Surgical Limited (Registered number: 06907179)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors (1,502 ) 24,299
Other debtors 55,611 33,380
54,109 57,679

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1 1
Taxation and social security 36,412 32,763
Other creditors 97,098 69,250
133,511 102,014

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company paid a facility charge to directors of £312 (2023 £312) for the use of facilities at the registered office.

10. ULTIMATE CONTROLLING PARTY

Dr S Irani owns 100% issued shares.