Company registration number 01105240 (England and Wales)
PORTSMOUTH SURGICAL EQUIPMENT LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
3 Acorn Business Centre
Northarbour Road
Cosham
Portsmouth
Hampshire
PO6 3TH
PORTSMOUTH SURGICAL EQUIPMENT LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2
Notes to the financial statements
3 - 5
PORTSMOUTH SURGICAL EQUIPMENT LIMITED
COMPANY INFORMATION
- 1 -
Director
Mr. G Schofield
Secretary
Mr. G Schofield
Company number
01105240
Registered office
44 New Lane
Havant
Hampshire
United Kingdom
PO9 2NF
Auditor
TC Group
3 Acorn Business Centre
Northarbour Road
Cosham
Portsmouth
Hampshire
PO6 3TH
PORTSMOUTH SURGICAL EQUIPMENT LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
4
Current assets
Debtors
5
100
100
Net current assets
100
100
Capital and reserves
Called up share capital
100
100
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 14 January 2025
Mr. G Schofield
Director
Company Registration No. 01105240
The notes on pages 3 to 5 form part of these financial statements
PORTSMOUTH SURGICAL EQUIPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information
Portsmouth Surgical Equipment Limited is a private company limited by shares incorporated in England and Wales. The registered office is 44 New Lane, Havant, Hampshire, United Kingdom, PO9 2NF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.3
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
In the opinion of the directors there are no significant judgements or areas of estimation uncertainty.
PORTSMOUTH SURGICAL EQUIPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
4
Fixed asset investments
Portsmouth Surgical Equipment Limited is the sole member of Anetic Aid USA LLC with effect from 2nd April 2019.
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
100
100
6
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Graham Figgins FCA
Statutory Auditor:
TC Group
7
Related party transactions
As a wholly owned subsidiary of Portsmouth Surgical Holdings Limited, the company is exempt from the requirements of FRS 102 section 33.1a to disclose transactions with its parent company.
PORTSMOUTH SURGICAL EQUIPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
8
Parent company
The ultimate parent company is Portsmouth Surgical Holdings Limited, a company registered in England and Wales.
Portsmouth Surgical Holdings Limited prepares group financial statements and copies can be obtained from the Company Secretary, Portsmouth Surgical Holdings Limited, 44 New Lane, Havant, PO9 2NF. Portsmouth Surgical Holdings Limited is under the control of Mr and Mrs G Schofield, by virtue of their 100% shareholding.