REGISTERED NUMBER: 10178950 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SHS PARTNERS SURGICAL LIMITED

Page

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Financial Statements

4

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

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

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

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.

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

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

-

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

)

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.