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Registration number: 05998205

The Winchester Spine Centre Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

The Winchester Spine Centre Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

The Winchester Spine Centre Limited

Company Information

Directors | Mr Mark Kennedy Mrs Deborah Kennedy

Registered office | 9-11 St Cross Road Winchester Hampshire SO23 9JB

Bankers | Santander

Accountants | A Ferguson Associates Ltd Accountants and Business Advisors Alum House 5 Alum Chine Road Bournemouth Dorset BH4 8DT

The Winchester Spine Centre Limited

(Registration number: 05998205)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 9,196 | 9,177
Current assets |  |  |
Stocks | 5 | 1,165 | 1,080
Debtors | 6 | 56,630 | 55,202
Cash at bank and in hand |  | 122,923 | 130,093
|  | 180,718 | 186,375
Creditors: Amounts falling due within one year | 7 | (36,910) | (38,772)
Net current assets |  | 143,808 | 147,603
Total assets less current liabilities |  | 153,004 | 156,780
Provisions for liabilities |  | (2,044) | (2,294)
Net assets |  | 150,960 | 154,486
Capital and reserves |  |  |
Called up share capital | 8 | 2 | 2
Retained earnings |  | 150,958 | 154,484
Shareholders' funds |  | 150,960 | 154,486

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 prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 November 2025 and signed on its behalf by:

The Winchester Spine Centre Limited

(Registration number: 05998205)
Balance Sheet as at 31 March 2025

......................................... Mr Mark Kennedy Director | ......................................... Mrs Deborah Kennedy Director |

The Winchester Spine Centre Limited

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

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9-11 St Cross Road
Winchester
Hampshire
SO23 9JB

These financial statements were authorised for issue by the Board on 18 November 2025.

2 | Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred 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.

The Winchester Spine Centre Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 25% reducing balance
Office equipment | 25% reducing balance
Plant and machinery | 25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

The Winchester Spine Centre Limited

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

The Winchester Spine Centre Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 6).

The Winchester Spine Centre Limited

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

4 | Tangible assets

| Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 April 2024 | 22,850 | 9,257 | 32,107
Additions | 1,676 | 1,056 | 2,732
At 31 March 2025 | 24,526 | 10,313 | 34,839
Depreciation
At 1 April 2024 | 16,325 | 6,605 | 22,930
Charge for the year | 2,050 | 663 | 2,713
At 31 March 2025 | 18,375 | 7,268 | 25,643
Carrying amount
At 31 March 2025 | 6,151 | 3,045 | 9,196
At 31 March 2024 | 6,525 | 2,652 | 9,177

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 1,165 | 1,080

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | - | 1,285
Prepayments | 5,037 | 4,338
Other debtors | 51,593 | 49,579
| 56,630 | 55,202

The Winchester Spine Centre Limited

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

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 4,219 | 4,633
Taxation and social security | 19,502 | 25,783
Accruals and deferred income | 7,375 | 3,503
Other creditors | 5,814 | 4,853
| 36,910 | 38,772

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share capital of £1 each | 2 | 2 | 2 | 2

9 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | - | 2,485

The amount of non-cancellable operating lease payments recognised as an expense during the year was £4,242 (2024 - £4,468).

The Winchester Spine Centre Limited

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

10 | Related party transactions

Loans to related parties

2025 | Key management £ | Total £
At start of period | 49,579 | 49,579
Advanced | 75,657 | 75,657
Repaid | (73,643) | (73,643)
At end of period | 51,593 | 51,593

2024 | Key management £ | Total £
At start of period | 40,326 | 40,326
Advanced | 82,846 | 82,846
Repaid | (73,593) | (73,593)
At end of period | 49,579 | 49,579

Terms of loans to related parties

Interest free loans to directors - Mr M Kennedy and Mrs D Kennedy
The terms of the loans make provision for any loans to the directors to be repaid back to the company on demand at very short notice