Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07169157 Dr Suneel Talwar Mrs Punita Talwar Mr Neil Talwar Miss Sara Talwar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07169157 2023-12-31 07169157 2024-12-31 07169157 2024-01-01 2024-12-31 07169157 frs-core:CurrentFinancialInstruments 2024-12-31 07169157 frs-core:Non-currentFinancialInstruments 2024-12-31 07169157 frs-core:ComputerEquipment 2024-12-31 07169157 frs-core:ComputerEquipment 2024-01-01 2024-12-31 07169157 frs-core:ComputerEquipment 2023-12-31 07169157 frs-core:FurnitureFittings 2024-01-01 2024-12-31 07169157 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 07169157 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07169157 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 07169157 frs-core:PlantMachinery 2024-12-31 07169157 frs-core:PlantMachinery 2024-01-01 2024-12-31 07169157 frs-core:PlantMachinery 2023-12-31 07169157 frs-core:RevaluationReserve 2024-01-01 2024-12-31 07169157 frs-core:RevaluationReserve 2023-12-31 07169157 frs-core:RevaluationReserve 2024-12-31 07169157 frs-core:ShareCapital 2024-12-31 07169157 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07169157 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07169157 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07169157 frs-bus:SmallEntities 2024-01-01 2024-12-31 07169157 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07169157 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07169157 frs-bus:Director1 2024-01-01 2024-12-31 07169157 frs-bus:Director2 2024-01-01 2024-12-31 07169157 frs-bus:Director3 2024-01-01 2024-12-31 07169157 frs-bus:Director4 2024-01-01 2024-12-31 07169157 frs-bus:Director4 2023-12-31 07169157 frs-bus:Director4 2024-12-31 07169157 frs-countries:EnglandWales 2024-01-01 2024-12-31 07169157 2022-12-31 07169157 2023-12-31 07169157 2023-01-01 2023-12-31 07169157 frs-core:CurrentFinancialInstruments 2023-12-31 07169157 frs-core:Non-currentFinancialInstruments 2023-12-31 07169157 frs-core:RevaluationReserve 2023-12-31 07169157 frs-core:ShareCapital 2023-12-31 07169157 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07169157
Cardiac Intervention Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07169157
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 999,073 988,862
Investment Properties 5 29,935 29,935
1,029,008 1,018,797
CURRENT ASSETS
Debtors 6 1,686,069 1,327,139
Cash at bank and in hand 279,286 212,583
1,965,355 1,539,722
Creditors: Amounts Falling Due Within One Year 7 (232,341 ) (138,371 )
NET CURRENT ASSETS (LIABILITIES) 1,733,014 1,401,351
TOTAL ASSETS LESS CURRENT LIABILITIES 2,762,022 2,420,148
NET ASSETS 2,762,022 2,420,148
CAPITAL AND RESERVES
Called up share capital 8 22 22
Revaluation reserve 10 156,748 146,503
Profit and Loss Account 2,605,252 2,273,623
SHAREHOLDERS' FUNDS 2,762,022 2,420,148
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Suneel Talwar
Director
31 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cardiac Intervention Limited Registered number 07169157 is a limited by shares company incorporated in England & Wales. The Registered Office is 6 Upper Golf Links Road, Broadstone, Dorset, BH18 8BU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
Plant & Machinery 15% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised on the company balance sheet.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 January 2024 979,755 19,848 12,433 1,012,036
Additions - 719 1,469 2,188
Revaluation 10,245 - - 10,245
As at 31 December 2024 990,000 20,567 13,902 1,024,469
Depreciation
As at 1 January 2024 - 14,550 8,624 23,174
Provided during the period - 903 1,319 2,222
As at 31 December 2024 - 15,453 9,943 25,396
Net Book Value
As at 31 December 2024 990,000 5,114 3,959 999,073
As at 1 January 2024 979,755 5,298 3,809 988,862
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 29,935
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 51,082 34,131
Directors' loan accounts - 1,021
51,082 35,152
Due after more than one year
Amounts owed by associates 1,634,987 1,291,987
1,686,069 1,327,139
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,483 15,765
Corporation tax 138,256 122,606
Other taxes and social security 21 -
Directors' loan accounts 80,581 -
232,341 138,371
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 22 22
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mrs Punita Talwar 1,021 - 1,021 - -
The above loan was unsecured, interest free and repayable on demand. The loan was fully repaid during the year.
10. Reserves
Revaluation Reserve
£
As at 1 January 2024 146,503
Surplus on revaluation 10,245
As at 31 December 2024 156,748
Page 5