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REGISTERED NUMBER: 10694337 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Joint Operations (Spine) Limited

Joint Operations (Spine) Limited (Registered number: 10694337)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Joint Operations (Spine) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R M Forster
C Bromfield





REGISTERED OFFICE: Unit 11
Interface Business Park
Bincknoll Lane
Royal Wootton Bassett
Wiltshire
SN4 8SY





REGISTERED NUMBER: 10694337 (England and Wales)

Joint Operations (Spine) Limited (Registered number: 10694337)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,170 36,420

CURRENT ASSETS
Stocks 369,793 351,856
Debtors 5 86,641 18,672
Cash at bank 6,819 8,219
463,253 378,747
CREDITORS
Amounts falling due within one year 6 1,003,966 570,013
NET CURRENT LIABILITIES (540,713 ) (191,266 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(462,543

)

(154,846

)

PROVISIONS FOR LIABILITIES 13,391 1,651
NET LIABILITIES (475,934 ) (156,497 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (476,034 ) (156,597 )
(475,934 ) (156,497 )

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 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 21 March 2025 and were signed on its behalf by:





R M Forster - Director


Joint Operations (Spine) Limited (Registered number: 10694337)

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

1. STATUTORY INFORMATION

Joint Operations (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.

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.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful lie.

Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Going concern
At 31 March 2024 the company had net liabilities of £153,397 (2023: £159,596).

The directors have confirmed that the company's largest creditor, which is a company under common control will continue to provide financial support to the company for the foreseeable future and that the creditor will not seek full repayment of their outstanding balance until the company is in a financial position to enable the balance to be repaid.

The directors have considered the future position of the company and are of the option that the company will return to profitability in the foreseeable future.

In view of the above, the directors consider that the going concern basis for the preparation of the accounts is appropriate.

Joint Operations (Spine) Limited (Registered number: 10694337)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 90,012 1,614 91,626
Additions 80,908 2,203 83,111
Disposals (5,956 ) - (5,956 )
At 31 March 2024 164,964 3,817 168,781
DEPRECIATION
At 1 April 2023 53,592 1,614 55,206
Charge for year 34,828 577 35,405
At 31 March 2024 88,420 2,191 90,611
NET BOOK VALUE
At 31 March 2024 76,544 1,626 78,170
At 31 March 2023 36,420 - 36,420

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 16,149 -
Directors' current accounts 47,850 -
Tax 15,072 15,072
Prepayments and accrued income 7,570 3,600
86,641 18,672

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 86,356 195,296
Tax 16,149 -
Social security and other taxes 10,386 5,957
VAT 40,204 42,331
Other creditors 797,612 225,588
Directors' current accounts 51,309 55,053
Accrued expenses 1,950 45,788
1,003,966 570,013