REGISTERED NUMBER: 09731047 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st August 2025

for

Adept Surgical Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

55,478

40,235

CURRENT ASSETS

Cash at bank

49,060

20,218

CREDITORS

Amounts falling due within one year

5

25,636

13,658

NET CURRENT ASSETS

23,424

6,560

TOTAL ASSETS LESS CURRENT LIABILITIES

78,902

46,795

CREDITORS

Amounts falling due after more than one year

6

(5,670

)

(543

)

PROVISIONS FOR LIABILITIES

(10,541

)

(7,644

)

NET ASSETS

62,691

38,608

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

62,591

38,508

SHAREHOLDERS' FUNDS

62,691

38,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2025 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 7th May 2026 and were signed by:

Dr M Singh - Director

1.	COMPANY INFORMATION

Adept Surgical Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09731047

Registered office:

The Lexicon

Mount Street

Manchester

M2 5NT

The presentation currency of the financial statements is the Pound Sterling (£).

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 the provision of professional services is recognised on delivery of the service.

Tangible fixed assets

Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and Fittings - 25% on cost

Motor Vehicles - 20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

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 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1st September 2024

12,803

58,190

70,993

Additions

1,338

56,839

58,177

Disposals

-

(58,190

)

(58,190

)

At 31st August 2025

14,141

56,839

70,980

DEPRECIATION

At 1st September 2024

9,810

20,948

30,758

Charge for year

1,903

3,789

5,692

Eliminated on disposal

-

(20,948

)

(20,948

)

At 31st August 2025

11,713

3,789

15,502

NET BOOK VALUE

At 31st August 2025

2,428

53,050

55,478

At 31st August 2024

2,993

37,242

40,235

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

Motor

vehicles

£

COST

At 1st September 2024

58,190

Disposals

(58,190

)

At 31st August 2025

-

DEPRECIATION

At 1st September 2024

11,638

Eliminated on disposal

(11,638

)

At 31st August 2025

-

NET BOOK VALUE

At 31st August 2025

-

At 31st August 2024

46,552

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts

8,490

6,063

Trade creditors

-

4

Tax

13,010

4,791

Social security and other taxes

1,373

778

Other creditors

-

1,008

Directors' current accounts

430

193

Accrued expenses

2,333

821

25,636

13,658

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts

5,670

543

The net obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

100

A Ordinary Shares

£1

100

100

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2025 and 31st August 2024:

31.8.25

31.8.24

£

£

Dr M Singh

Balance outstanding at start of year

(193

)

(1,262

)

Amounts advanced

38,804

4,925

Amounts repaid

(39,041

)

(3,856

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(430

)

(193

)

The loan is payable on demand and no interest was charged during the year.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Dr M Singh.