Company No: 15536904 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2025
		£
Fixed assets
Intangible assets	3	25,054
Tangible assets	4	1,604
		26,658
Current assets
Debtors	5	4,733
Cash at bank and in hand		33,308
		38,041
Creditors: amounts falling due within one year	6	( 12,030)
Net current assets		26,011
Total assets less current liabilities		52,669
Creditors: amounts falling due after more than one year	7	( 58,240)
Net liabilities		( 5,571)
Capital and reserves
Called-up share capital	8	100
Profit and loss account		( 5,671 )
Total shareholder's deficit		( 5,571)

For the financial period ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Surgassists Ltd (registered number: 15536904) were approved and authorised for issue by the Director on 29 November 2025. They were signed on its behalf by:

Miss P Reynolds Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Surgassists Ltd (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 16 Stret Dor Wartha, Nansledan, Newquay, TR8 4RS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software	2 years straight line
Trademarks, patents and licences	10 years straight line

Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the director is satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. This period is expected to be two years. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Computer equipment

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

	Period from 02.03.2024 to 31.03.2025
	Number
Monthly average number of persons employed by the Company during the period, including the director	1

3. Intangible assets

	Computer software		Trademarks, patents and licences		Total
	£		£		£
Cost
At 02 March 2024	0		0		0
Additions	24,720		2,394		27,114
At 31 March 2025	24,720		2,394		27,114
Accumulated amortisation
At 02 March 2024	0		0		0
Charge for the financial period	2,060		0		2,060
At 31 March 2025	2,060		0		2,060
Net book value
At 31 March 2025	22,660		2,394		25,054

4. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 02 March 2024	0		0
Additions	1,650		1,650
At 31 March 2025	1,650		1,650
Accumulated depreciation
At 02 March 2024	0		0
Charge for the financial period	46		46
At 31 March 2025	46		46
Net book value
At 31 March 2025	1,604		1,604

5. Debtors

	31.03.2025
	£
Other debtors	4,733

6. Creditors: amounts falling due within one year

	31.03.2025
	£
Amounts owed to director	5,170
Accruals and deferred income	5,360
Other creditors	1,500
	12,030

7. Creditors: amounts falling due after more than one year

	31.03.2025
	£
Other creditors	58,240

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	31.03.2025
	£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100