The Knee Clinic Ltd 08117220 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is that of the provision of orthopaedic consultancy. Digita Accounts Production Advanced 6.30.9574.0 true true 08117220 2023-07-01 2024-06-30 08117220 2024-06-30 08117220 core:CurrentFinancialInstruments 2024-06-30 08117220 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 08117220 core:FurnitureFittingsToolsEquipment 2024-06-30 08117220 bus:SmallEntities 2023-07-01 2024-06-30 08117220 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 08117220 bus:FilletedAccounts 2023-07-01 2024-06-30 08117220 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08117220 bus:RegisteredOffice 2023-07-01 2024-06-30 08117220 bus:Director1 2023-07-01 2024-06-30 08117220 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08117220 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 08117220 core:OfficeEquipment 2023-07-01 2024-06-30 08117220 countries:EnglandWales 2023-07-01 2024-06-30 08117220 2023-06-30 08117220 core:FurnitureFittingsToolsEquipment 2023-06-30 08117220 2022-07-01 2023-06-30 08117220 2023-06-30 08117220 core:CurrentFinancialInstruments 2023-06-30 08117220 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 08117220 core:FurnitureFittingsToolsEquipment 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 08117220

The Knee Clinic Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2024

Brebners
Chartered Accountants
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

 

The Knee Clinic Ltd

Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

8,941

4,651

Current assets

 

Debtors

5

65,289

81,639

Cash at bank and in hand

 

287,452

255,310

 

352,741

336,949

Creditors: Amounts falling due within one year

6

(210,746)

(199,764)

Net current assets

 

141,995

137,185

Net assets

 

150,936

141,836

Capital and reserves

 

Called up share capital

190

190

Retained earnings

150,746

141,646

Shareholders' funds

 

150,936

141,836

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, section 444.

Approved and authorised by the Board on 27 March 2025 and signed on its behalf by:
 

.........................................

Mr P A Gibb

Director

Company registration number: 08117220

 

The Knee Clinic Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of the provision of orthopaedic consultancy.

2

Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Going concern

The company mad a profit for the year ended 30 June 2024 and had net assets of £150,936 including cash at bank of £287,452 at that date.The company has continued to trade profitably subsequent to 30 June 2024.

After making enquiries, the director has a reasonable expectation that the company has adequate resources to
continue in operational existence for the foreseeable future. Accordingly the director has adopted the going
concern basis for the preparation of these financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for provision of services in the ordinary course of the company's activities. Turnover is shown net of rebates and discounts.

The company recognises revenue on the date that consultations take place. Non-refundable deposits are recognised on the date of receipt.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

The Knee Clinic Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

Over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company during the year was 3 (2023 - 4).

 

The Knee Clinic Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

21,734

21,734

Additions

7,233

7,233

At 30 June 2024

28,967

28,967

Depreciation

At 1 July 2023

17,083

17,083

Charge for the year

2,943

2,943

At 30 June 2024

20,026

20,026

Carrying amount

At 30 June 2024

8,941

8,941

At 30 June 2023

4,651

4,651

5

Debtors

2024
£

2023
£

Trade debtors

48,427

63,334

Other debtors

16,862

18,305

65,289

81,639

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

 

68,676

64,174

Other creditors

 

142,070

135,590

 

210,746

199,764

7

TRANSACTIONS WITH DIRECTORS

During the year, there were advances to directors and repayments of £82,459. Interest of £188 (2023: £990) is payable to the company 2.25% pa.There were no agreed terms in place.