Company Registration No. 12699752 (England and Wales)
Advanced Spinal Care Ltd
Unaudited accounts
for the year ended 30 September 2024
Advanced Spinal Care Ltd
Unaudited accounts
Contents
Advanced Spinal Care Ltd
Company Information
for the year ended 30 September 2024
Directors
Dr Tracy Rosanna BOWN
Dr Nicholas David BACH-PRICE
Company Number
12699752 (England and Wales)
Registered Office
10b Gorings Square
Staines-Upon-Thames
TW18 4EW
United Kingdom
Advanced Spinal Care Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
2,280
14,402
Cash at bank and in hand
16,715
32,694
Creditors: amounts falling due within one year
(188,482)
(48,544)
Net current liabilities
(166,592)
(93,788)
Net liabilities
(164,163)
(79,037)
Called up share capital
100
100
Profit and loss account
(164,263)
(79,137)
Shareholders' funds
(164,163)
(79,037)
For the year ending 30 September 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 June 2025 and were signed on its behalf by
Dr Tracy Rosanna BOWN
Director
Company Registration No. 12699752
Advanced Spinal Care Ltd
Notes to the Accounts
for the year ended 30 September 2024
Advanced Spinal Care Ltd is a private company, limited by shares, registered in England and Wales, registration number 12699752. The registered office is 10b Gorings Square, Staines-Upon-Thames, TW18 4EW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight Line - 5 years
Plant & machinery
Straight Line - 3 years
Motor vehicles
Straight Line - 3 years
Fixtures & fittings
Straight Line - 3 years
Computer equipment
Straight Line - 3 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Advanced Spinal Care Ltd
Notes to the Accounts
for the year ended 30 September 2024
The financial statements have been prepared on a going concern basis. The directors have considered the company’s financial position, including the available cash at bank of £16,715 as at the year end, and its cash flow forecasts for at least 12 months from the date of approval of these financial statements.
The company has a significant creditor balance due to the director through their loan account. The director has confirmed that they will not demand repayment of this balance within the next 12 months from the date of approval of these financial statements, and will provide ongoing financial support to the company as required to enable it to meet its liabilities as they fall due.
Based on this confirmation, the directors consider it appropriate to prepare the financial statements on a going concern basis.
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Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 October 2023
5,821
21,280
33,000
6,574
5,687
72,362
At 30 September 2024
5,821
21,280
33,000
6,878
5,687
72,666
At 1 October 2023
3,335
21,194
23,833
5,477
4,121
57,960
Charge for the year
1,164
86
9,167
923
1,086
12,426
At 30 September 2024
4,499
21,280
33,000
6,400
5,207
70,386
At 30 September 2024
1,322
-
-
478
480
2,280
At 30 September 2023
2,486
86
9,167
1,097
1,566
14,402
Advanced Spinal Care Ltd
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Accrued income and prepayments
1,740
761
Other debtors
3,250
(84,091)
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
9,552
(1,958)
Taxes and social security
8,363
10,218
Loans from directors
146,728
-
Deferred income
23,410
38,211
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Average number of employees
During the year the average number of employees was 5 (2023: 5).