Heeley Surgical Limited 06626512 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the wholesale and retail of surgical instruments and acillary products. Digita Accounts Production Advanced 6.30.9574.0 true 06626512 2024-04-01 2025-03-31 06626512 2025-03-31 06626512 core:RetainedEarningsAccumulatedLosses 2025-03-31 06626512 core:ShareCapital 2025-03-31 06626512 core:CurrentFinancialInstruments 2025-03-31 06626512 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 06626512 core:ConstructionInProgressAssetsUnderConstruction 2025-03-31 06626512 bus:SmallEntities 2024-04-01 2025-03-31 06626512 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06626512 bus:FilletedAccounts 2024-04-01 2025-03-31 06626512 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06626512 bus:Director1 2024-04-01 2025-03-31 06626512 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06626512 core:ConstructionInProgressAssetsUnderConstruction 2024-04-01 2025-03-31 06626512 core:OfficeEquipment 2024-04-01 2025-03-31 06626512 countries:AllCountries 2024-04-01 2025-03-31 06626512 core:ConstructionInProgressAssetsUnderConstruction 2024-03-31 06626512 2023-04-01 2024-03-31 06626512 2024-03-31 06626512 core:RetainedEarningsAccumulatedLosses 2024-03-31 06626512 core:ShareCapital 2024-03-31 06626512 core:CurrentFinancialInstruments 2024-03-31 06626512 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06626512 core:ConstructionInProgressAssetsUnderConstruction 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 06626512

Heeley Surgical Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Heeley Surgical Limited

(Registration number: 06626512)

Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

3

269

370

Current assets

 

Stocks

3,750

7,450

Debtors

4

275,197

271,644

Cash at bank and in hand

 

17,717

82,401

 

296,664

361,495

Creditors: Amounts falling due within one year

5

(8,129)

(14,091)

Net current assets

 

288,535

347,404

Net assets

 

288,804

347,774

Capital and reserves

 

Called up share capital

100

100

Retained earnings

288,704

347,674

Shareholders' funds

 

288,804

347,774

For the financial year ending 31 March 2025 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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 14 August 2025 and signed on its behalf by:
 

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

Mr A H Heeley

Director

 

Heeley Surgical Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1

Accounting policies

Statutory information

Heeley Surgical Limited is a private company, limited by shares, domiciled in England and Wales, company number 06626512. The registered office is at Hillsborough Golf Club, Worrall Road, Worrall, Sheffield , S6 4BE.

Summary of significant accounting policies and key accounting estimates

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 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company. Revenue is recognised at the point of sale or upon service delivery.

Tax

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

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.

Deferred tax shall be recognised in respect of all timing differences at the reporting date, except as otherwise required by FRS102. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that 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 income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet 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.

 

Heeley Surgical Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

1

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% straight line

Stocks

Stock is valued at the lower of cost and net realisable value.

Defined contribution pension obligation

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2

Staff numbers

The average number of persons employed by the company during the year, was 3 (2024 - 5).

 

Heeley Surgical Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

3

Tangible assets

Office equipment
£

Cost

At 1 April 2024

4,626

At 31 March 2025

4,626

Depreciation

At 1 April 2024

4,256

Charge for the year

101

At 31 March 2025

4,357

Carrying amount

At 31 March 2025

269

At 31 March 2024

370

4

Debtors

2025
£

2024
£

Trade debtors

7,923

14,218

Prepayments

448

416

Other debtors

266,826

257,010

 

275,197

271,644

5

Creditors

2025
£

2024
£

Due within one year

Trade creditors

1,510

7,288

Taxation and social security

3,619

3,803

Accruals and deferred income

3,000

3,000

8,129

14,091