REGISTERED NUMBER: 05636153 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

VISION SURGERY & RESEARCH CENTRE

LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

M V Pande

SECRETARY:

N M Pande

REGISTERED OFFICE:

11 Ferriby High Road

North Ferriby

East Yorkshire

HU14 3LD

REGISTERED NUMBER:

05636153 (England and Wales)

ACCOUNTANTS:

Cheetham Allen

Chartered Accountants

17 Wright Street

Hull

East Yorkshire

HU2 8HU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

7,215

9,321

7,215

9,321

CURRENT ASSETS

Debtors

6

80,010

185

Cash at bank

566,902

707,454

646,912

707,639

CREDITORS

Amounts falling due within one year

7

24,250

20,513

NET CURRENT ASSETS

622,662

687,126

TOTAL ASSETS LESS CURRENT LIABILITIES

629,877

696,447

CREDITORS

Amounts falling due after more than one year

8

4,534

15,067

NET ASSETS

625,343

681,380

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

625,342

681,379

SHAREHOLDERS' FUNDS

625,343

681,380

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1st September 2025 and were signed by:

M V Pande - Director

1.	STATUTORY INFORMATION

Vision Surgery & Research Centre 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 represents the gross amount receivable for services provided.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Consulting room equipment

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2024

and 31st December 2024

750,000

AMORTISATION

At 1st January 2024

and 31st December 2024

750,000

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

5.	TANGIBLE FIXED ASSETS

Consulting

Fixtures

room

and

Computer

equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1st January 2024

10,000

37,904

41,011

88,915

Additions

-

-

1,592

1,592

Disposals

(10,000

)

-

(17,258

)

(27,258

)

At 31st December 2024

-

37,904

25,345

63,249

DEPRECIATION

At 1st January 2024

9,257

32,522

37,815

79,594

Charge for year

-

1,346

1,442

2,788

Eliminated on disposal

(9,257

)

-

(17,091

)

(26,348

)

At 31st December 2024

-

33,868

22,166

56,034

NET BOOK VALUE

At 31st December 2024

-

4,036

3,179

7,215

At 31st December 2023

743

5,382

3,196

9,321

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Amounts due from related company

80,010

-

Prepayments and accrued income

-

185

80,010

185

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Bank loans and overdrafts

10,250

9,850

Taxation and social security

938

924

Other creditors

13,062

9,739

24,250

20,513

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

as restated

£

£

Bank loan

4,534

15,067

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

as restated

£

£

1

Ordinary

£1

1

1