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REGISTERED NUMBER: 07303638 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Ainsworth Surgical Supplies Limited

Ainsworth Surgical Supplies Limited (Registered number: 07303638)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ainsworth Surgical Supplies Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr R A Ainsworth
Mrs C L Ainsworth
Mrs J K Field





REGISTERED OFFICE: Reedham House
31 King Street West
Manchester
Greater Manchester
M3 2PJ





BUSINESS ADDRESS: Unit 5
Sherwood Business Park
Queensway
Rochdale
Lancashire
OL11 2NU





REGISTERED NUMBER: 07303638 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Ainsworth Surgical Supplies Limited (Registered number: 07303638)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 600,000 700,000
Tangible assets 5 128,698 157,092
728,698 857,092

CURRENT ASSETS
Stocks 6 63,034 109,935
Debtors 7 618,182 1,193,225
Cash at bank and in hand 1,386,873 478,517
2,068,089 1,781,677
CREDITORS
Amounts falling due within one year 8 1,077,705 877,802
NET CURRENT ASSETS 990,384 903,875
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,719,082

1,760,967

CREDITORS
Amounts falling due after more than one year 9 - (200,192 )

PROVISIONS FOR LIABILITIES (6,599 ) (11,905 )
NET ASSETS 1,712,483 1,548,870

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,711,483 1,547,870
SHAREHOLDERS' FUNDS 1,712,483 1,548,870

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Ainsworth Surgical Supplies Limited (Registered number: 07303638)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





Mr R A Ainsworth - Director


Ainsworth Surgical Supplies Limited (Registered number: 07303638)

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

1. STATUTORY INFORMATION

Ainsworth Surgical Supplies 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.

Grant income
Grants of a revenue nature are credited to income in the period to which they relate.

Intangible assets
Intangible assets other than Goodwill are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

Tangible fixed assets are initially recorded at cost less any tax, discounts and rebates. Subsequently they are recorded at cost less accumulated depreciation and impairment.

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 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.


Ainsworth Surgical Supplies Limited (Registered number: 07303638)

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

2. ACCOUNTING POLICIES - continued
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.

Going concern
The company's financial statements for the year ended 31 August 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 2,000,000
AMORTISATION
At 1 September 2023 1,300,000
Amortisation for year 100,000
At 31 August 2024 1,400,000
NET BOOK VALUE
At 31 August 2024 600,000
At 31 August 2023 700,000

Ainsworth Surgical Supplies Limited (Registered number: 07303638)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023
and 31 August 2024 17,161 51,193 154,623
DEPRECIATION
At 1 September 2023 - 38,502 123,802
Charge for year - 3,173 7,375
At 31 August 2024 - 41,675 131,177
NET BOOK VALUE
At 31 August 2024 17,161 9,518 23,446
At 31 August 2023 17,161 12,691 30,821

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 200,471 101,347 524,795
DEPRECIATION
At 1 September 2023 107,374 98,025 367,703
Charge for year 17,015 831 28,394
At 31 August 2024 124,389 98,856 396,097
NET BOOK VALUE
At 31 August 2024 76,082 2,491 128,698
At 31 August 2023 93,097 3,322 157,092

6. STOCKS
2024 2023
£    £   
Goods for resale 63,034 109,935

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 597,146 1,172,306
Other debtors 21,036 20,919
618,182 1,193,225

Ainsworth Surgical Supplies Limited (Registered number: 07303638)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 636,461 507,542
Taxation and social security 300,572 334,597
Other creditors 140,672 35,663
1,077,705 877,802

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors - 200,192

10. RELATED PARTY DISCLOSURES

During the year the company occupied a property owned by the directors, rent free.

Included in other creditors is the directors' current account balance of £131,192 (2023: £226,592). There are no fixed repayment terms and no interest is chargeable to the company in respect of this balance.