Company Registration No. 14442468 (England and Wales)
System2surgery Ltd
Unaudited accounts
for the year ended 31 March 2026
System2surgery Ltd
Unaudited accounts
Contents
System2surgery Ltd
Company Information
for the year ended 31 March 2026
Directors
Mr D G L Griffith
Mrs S A Griffith
Company Number
14442468 (England and Wales)
Registered Office
12 Hurland Road
Truro
Cornwall
TR1 2BU
England
Accountants
KMK Accounting Ltd
12 Hurland Road
Truro
TR1 2BU
System2surgery Ltd
Statement of financial position
as at 31 March 2026
Tangible assets
34,474
4,592
Cash at bank and in hand
29,157
32,930
Creditors: amounts falling due within one year
(5,947)
(7,164)
Net current assets
23,941
26,542
Total assets less current liabilities
64,364
35,478
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
62,929
34,505
Shareholders' funds
63,029
34,605
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2026 and were signed on its behalf by
Mr D G L Griffith
Director
Company Registration No. 14442468
System2surgery Ltd
Notes to the Accounts
for the year ended 31 March 2026
System2surgery Ltd is a private company, limited by shares, registered in England and Wales, registration number 14442468. The registered office is 12 Hurland Road, Truro, Cornwall, TR1 2BU, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Revenue is measured at the fair value of the consideration received or receivable and represents amounts
receivable for services provided in the ordinary course of business, net of VAT and other applicable taxes.
Revenue from the provision of medical services is recognised when the performance obligation is satisfied,
which typically occurs at the point in time when the medical service is delivered to the patient. This includes
consultations, diagnostic procedures, and treatments.
Where services are invoiced in advance (e.g., pre-paid treatment packages or subscription-based care plans),
the income is initially recognised as a contract liability and subsequently recognised as revenue when the
related services are rendered.
Revenue from third-party payers (e.g., insurance companies or NHS contracts) is recognised in accordance
with the terms of the agreement and when the company has an enforceable right to payment.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
System2surgery Ltd
Notes to the Accounts
for the year ended 31 March 2026
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and
subsequently measured at cost less any accumulated impairment losses. The investments are assessed for
impairment at each reporting date and any impairment losses or reversals of impairment losses are
recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and
operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-
term interest and where the company has significant influence. The company considers that it has significant
influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement
are classified as jointly controlled entities.
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are
recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax
liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference
arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects
neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent
that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to
be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the
liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account,
except when it relates to items charged or credited directly to equity, in which case the deferred tax is also
dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable
right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied
by the same tax authority.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
6,559
-
-
6,559
Additions
246
28,299
3,639
32,184
At 31 March 2026
6,805
28,299
3,639
38,743
At 1 April 2025
1,967
-
-
1,967
Charge for the year
952
944
406
2,302
At 31 March 2026
2,919
944
406
4,269
At 31 March 2026
3,886
27,355
3,233
34,474
At 31 March 2025
4,592
-
-
4,592
System2surgery Ltd
Notes to the Accounts
for the year ended 31 March 2026
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Investments
Other investments
Valuation at 1 April 2025
4,344
Fair value adjustments
1,789
Valuation at 31 March 2026
5,949
Amounts falling due within one year
Accrued income and prepayments
731
776
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Creditors: amounts falling due within one year
2026
2025
Taxes and social security
5,446
4,761
Loans from directors
93
403
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Average number of employees
During the year the average number of employees was 0 (2025: 0).