IRIS Accounts Production v25.2.0.378 10178950 director 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 10178950 2023-12-31 10178950 2024-12-31 10178950 2024-01-01 2024-12-31 10178950 2022-12-31 10178950 2023-01-01 2023-12-31 10178950 2023-12-31 10178950 ns15:EnglandWales 2024-01-01 2024-12-31 10178950 ns14:PoundSterling 2024-01-01 2024-12-31 10178950 ns10:Director1 2024-01-01 2024-12-31 10178950 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10178950 ns10:SmallEntities 2024-01-01 2024-12-31 10178950 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10178950 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 10178950 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10178950 ns10:FullAccounts 2024-01-01 2024-12-31 10178950 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 10178950 ns10:RegisteredOffice 2024-01-01 2024-12-31 10178950 ns5:CurrentFinancialInstruments 2024-12-31 10178950 ns5:CurrentFinancialInstruments 2023-12-31 10178950 ns5:Non-currentFinancialInstruments 2024-12-31 10178950 ns5:Non-currentFinancialInstruments 2023-12-31 10178950 ns5:ShareCapital 2024-12-31 10178950 ns5:ShareCapital 2023-12-31 10178950 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 10178950 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 10178950 ns5:ShareCapital 2022-12-31 10178950 ns5:RetainedEarningsAccumulatedLosses 2022-12-31 10178950 ns5:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 10178950 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 10178950 ns5:FurnitureFittings 2024-01-01 2024-12-31 10178950 ns5:MotorVehicles 2024-01-01 2024-12-31 10178950 ns5:ComputerEquipment 2024-01-01 2024-12-31 10178950 ns5:FurnitureFittings 2023-12-31 10178950 ns5:MotorVehicles 2023-12-31 10178950 ns5:ComputerEquipment 2023-12-31 10178950 ns5:FurnitureFittings 2024-12-31 10178950 ns5:MotorVehicles 2024-12-31 10178950 ns5:ComputerEquipment 2024-12-31 10178950 ns5:FurnitureFittings 2023-12-31 10178950 ns5:MotorVehicles 2023-12-31 10178950 ns5:ComputerEquipment 2023-12-31 10178950 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-01-01 2024-12-31 10178950 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-12-31 10178950 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 10178950 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 10178950 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-12-31 10178950 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2023-12-31 10178950 ns5:HirePurchaseContracts ns5:BetweenOneFiveYears 2024-12-31 10178950 ns5:HirePurchaseContracts ns5:BetweenOneFiveYears 2023-12-31 10178950 ns5:HirePurchaseContracts 2024-12-31 10178950 ns5:HirePurchaseContracts 2023-12-31 10178950 ns5:WithinOneYear 2024-12-31 10178950 ns5:WithinOneYear 2023-12-31 10178950 ns10:OrdinaryShareClass1 2024-12-31 10178950 ns10:Director1 1 2023-12-31 10178950 ns10:Director1 1 2022-12-31 10178950 ns10:Director1 1 2024-01-01 2024-12-31 10178950 ns10:Director1 1 2023-01-01 2023-12-31 10178950 ns10:Director1 1 2024-12-31 10178950 ns10:Director1 1 2023-12-31

REGISTERED NUMBER: 10178950 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SHS PARTNERS SURGICAL LIMITED

SHS PARTNERS SURGICAL LIMITED (REGISTERED NUMBER: 10178950) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Statement of Changes in Equity | 3 |

| Notes to the Financial Statements | 4 |

| SHS PARTNERS SURGICAL LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTOR: | M J Reidy

| REGISTERED OFFICE: | The Gatehouse

| Kay Street

| Summerseat

| Bury

| BL9 5PE

| REGISTERED NUMBER: | 10178950 (England and Wales)

| ACCOUNTANTS: | Donachie Chartered Accountants

| 2nd Floor

| Templeton House

| 62 Templeton Street

| Glasgow

| G40 1DA

SHS PARTNERS SURGICAL LIMITED (REGISTERED NUMBER: 10178950) |

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 76,598 |  | 1,583 |  |

CURRENT ASSETS

Debtors | 5 | 524,454 |  | 896,382 |  |

Cash at bank | 731,978 |  | 1,076,415 |  |

1,256,432 |  | 1,972,797 |  |

CREDITORS

Amounts falling due within one year | 6 | 204,979 |  | 282,997 |  |

NET CURRENT ASSETS | 1,051,453 |  | 1,689,800 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,128,051 |  | 1,691,383 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 62,112 |  | - |  |

NET ASSETS | 1,065,939 |  | 1,691,383 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Retained earnings | 1,065,839 |  | 1,691,283 |  |

SHAREHOLDERS' FUNDS | 1,065,939 |  | 1,691,383 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 17 September 2025 and were signed by:

M J Reidy - Director

SHS PARTNERS SURGICAL LIMITED (REGISTERED NUMBER: 10178950) |

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 January 2023 | 100 |  | 1,007,676 |  | 1,007,776 |  |

Changes in equity

Dividends | - |  | (536,400 | ) | (536,400 | ) |

Total comprehensive income | - |  | 1,220,007 |  | 1,220,007 |  |

Balance at 31 December 2023 | 100 |  | 1,691,283 |  | 1,691,383 |  |

Changes in equity

Dividends | - |  | (322,220 | ) | (322,220 | ) |

Total comprehensive loss | - |  | (303,224 | ) | (303,224 | ) |

Balance at 31 December 2024 | 100 |  | 1,065,839 |  | 1,065,939 |  |

SHS PARTNERS SURGICAL LIMITED (REGISTERED NUMBER: 10178950) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| SHS Partners Surgical 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.

| Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion, when the stage of completion, costs incurred to date and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent that it will be recoverable.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Fixtures and fittings | - | 25% reducing balance

| Motor vehicles | - | 25% straight line

| Computer equipment | - | Straight line over 3 years

| 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.

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SHS PARTNERS SURGICAL LIMITED (REGISTERED NUMBER: 10178950) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| Financial instruments

| Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

| Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

| An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2023 - 9 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2024 | 5,257 |  | - |  | 5,698 |  | 10,955 |  |

| Additions | - |  | 82,347 |  | 2,097 |  | 84,444 |  |

| At 31 December 2024 | 5,257 |  | 82,347 |  | 7,795 |  | 95,399 |  |

| DEPRECIATION

| At 1 January 2024 | 3,674 |  | - |  | 5,698 |  | 9,372 |  |

| Charge for year | 597 |  | 8,235 |  | 597 |  | 9,429 |  |

| At 31 December 2024 | 4,271 |  | 8,235 |  | 6,295 |  | 18,801 |  |

| NET BOOK VALUE

| At 31 December 2024 | 986 |  | 74,112 |  | 1,500 |  | 76,598 |  |

| At 31 December 2023 | 1,583 |  | - |  | - |  | 1,583 |  |

SHS PARTNERS SURGICAL LIMITED (REGISTERED NUMBER: 10178950) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

4. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| Additions | 82,347 |  |

| At 31 December 2024 | 82,347 |  |

| DEPRECIATION

| Charge for year | 8,235 |  |

| At 31 December 2024 | 8,235 |  |

| NET BOOK VALUE

| At 31 December 2024 | 74,112 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 372,369 |  | 796,033 |  |

| Amounts owed by group undertakings | 13,800 |  | 15,801 |  |

| Other debtors | - |  | 2,344 |  |

| Corporation tax recoverable | 95,826 |  | - |  |

| Prepayments and accrued income | 42,459 |  | 82,204 |  |

524,454 |  | 896,382 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Hire purchase contracts (see note 8) | 7,563 |  | - |  |

| Trade creditors | 105,179 |  | 81,598 |  |

| Amounts owed to group undertakings | 821 |  | - |  |

| Corporation tax | - |  | 96,349 |  |

| Social security and other taxes | 6,142 |  | 14,827 |  |

| VAT | 51,726 |  | 50,741 |  |

| Directors' loan accounts | 59 |  | 59 |  |

| Accruals and deferred income | 33,489 |  | 39,423 |  |

204,979 |  | 282,997 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Hire purchase contracts (see note 8) | 62,112 |  | - |  |

SHS PARTNERS SURGICAL LIMITED (REGISTERED NUMBER: 10178950) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

8. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2024 | 2023 |

£ | £ |

| Net obligations repayable:

| Within one year | 7,563 |  | - |  |

| Between one and five years | 62,112 |  | - |  |

69,675 |  | - |  |

| Non-cancellable |

| operating leases |

2024 | 2023 |

£ | £ |

| Within one year | 12,000 |  | 12,686 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Hire purchase contracts | 69,675 |  | - |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 | 2023 |

£ | £ |

| M J Reidy

| Balance outstanding at start of year | (59 | ) | (59 | ) |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (59 | ) | (59 | ) |

SHS PARTNERS SURGICAL LIMITED (REGISTERED NUMBER: 10178950) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

12. | RELATED PARTY DISCLOSURES

| During the year, the Company paid expenses on behalf of its parent Company Strategic Healthcare Services Limited totalling £2,178 (2023 - £1,980) and Strategic Healthcare Services paid expenses on behalf of SHS Partners Surgical Limited totalling £NIL (2023 - £3,579). The balance due to / from Strategic Healthcare Services Limited was £821 (2023 - (£2,001)).

| During the year, the Company paid expenses on behalf of an associated Company SHS Pathology Limited totalling £NIL (2023 - £5,209). Included in other debtors at the year end, the balance due from SHS Pathology Limited was £13,800 (2023 - £13,800).

13. | PARENT COMPANY

| The company's ultimate parent company is Strategic Healthcare Services Limited, a company registered in England and Wales.