Company registration number 14312101 (England and Wales)
LIVERPOOL SPINE GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
LIVERPOOL SPINE GROUP LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
LIVERPOOL SPINE GROUP LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
207
-
0
Current assets
Debtors
4
167,464
66,034
Cash at bank and in hand
55,166
99,099
222,630
165,133
Creditors: amounts falling due within one year
5
(26,626)
(45,012)
Net current assets
196,004
120,121
Net assets
196,211
120,121
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
196,111
120,021
Total equity
196,211
120,121

For the financial year ended 31 August 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 29 August 2025
Mr M M A A Mohamed
Director
Company registration number 14312101 (England and Wales)
LIVERPOOL SPINE GROUP LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 23 August 2022
-
0
-
0
-
Period ended 31 August 2023:
Profit and total comprehensive income
-
133,521
133,521
Issue of share capital
6
100
-
100
Dividends
-
(13,500)
(13,500)
Balance at 31 August 2023
100
120,021
120,121
Year ended 31 August 2024:
Profit and total comprehensive income
-
76,090
76,090
Balance at 31 August 2024
100
196,111
196,211
LIVERPOOL SPINE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
1
Accounting policies
Company information

Liverpool Spine Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Champion Allwoods Limited, 2nd Floor Refuge House, 33-37 Watergate Row, Chester, CH1 2LE.

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 under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

The turnover shown in the profit and loss account represents medical report fee income at invoice value. Turnover is recognised at the time the service is provided.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office Equipment
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
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.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

LIVERPOOL SPINE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
LIVERPOOL SPINE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -
3
Tangible fixed assets
Office Equipment
£
Cost
At 1 September 2023
-
0
Additions
239
At 31 August 2024
239
Depreciation and impairment
At 1 September 2023
-
0
Depreciation charged in the year
32
At 31 August 2024
32
Carrying amount
At 31 August 2024
207
At 31 August 2023
-
0
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
420
Amounts owed by undertakings in which the company has a participating interest
13,259
28,900
Other debtors
151,211
-
0
Prepayments and accrued income
2,994
36,714
167,464
66,034
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
180
Corporation tax
22,484
35,891
Other taxation and social security
1,052
750
Other creditors
-
0
5,049
Accruals and deferred income
3,090
3,142
26,626
45,012
LIVERPOOL SPINE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 6 -
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Motor Vehicles
11,842
18,948
8
Related party transactions

The company is a member of Oswestry Orthopaedics LLP. The company's share of profits of this LLP for the year ended 31 August 2024 was £72,869 (2023: 146,977) of which £9,580 (2023: £40,457) was due from this LLP at 31 August 2024 (including accrued income).

 

The company is a member of Liverpool Children's Surgical Group LLP. The company's share of profits of this LLP for the year ended 31 August 2024 was £53,699 (2023: £33,489) of which £3,679 (2023: £20,585) was due from this LLP at 31 August 2024 (including accrued income).

 

At 31 August 2024, an amount of £13,711, included in other debtors, was due to the company for Mr M Mohamed, in respect of the overdrawn balance on his director's current account in the company. Interest was charged on the overdrawn balance at a rate of 2.25%, totalling £203 for the year ended 31 August 2024. This debt has been cleared since the year end by the voting of dividends from the company which have been used to settle the debt.

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