Vesalius Medical LTD


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Company Registration No. 11273008 (England and Wales)
Vesalius Medical LTD Unaudited accounts for the year ended 31 March 2021
Vesalius Medical LTD Unaudited accounts Contents
Page
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Vesalius Medical LTD Company Information for the year ended 31 March 2021
Director
Kevin Wheeler
Company Number
11273008 (England and Wales)
Registered Office
203 West Street Fareham PO16 0EN
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Vesalius Medical LTD Accountants' report
Accountants' report to the director of Vesalius Medical LTD on the preparation of the unaudited statutory accounts for the year ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Vesalius Medical LTD for the year ended 31 March 2021 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Vesalius Medical LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Vesalius Medical LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vesalius Medical LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Vesalius Medical LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Vesalius Medical LTD. You consider that Vesalius Medical LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Vesalius Medical LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 1 December 2021
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Vesalius Medical LTD Statement of financial position as at 31 March 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,967 
2,459 
Current assets
Debtors
139 
- 
Cash at bank and in hand
1,017 
1,809 
1,156 
1,809 
Creditors: amounts falling due within one year
(14,508)
(3,256)
Net current liabilities
(13,352)
(1,447)
Total assets less current liabilities
8,615 
1,012 
Creditors: amounts falling due after more than one year
(12,500)
- 
Net (liabilities)/assets
(3,885)
1,012 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(3,886)
1,011 
Shareholders' funds
(3,885)
1,012 
For the year ending 31 March 2021 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 director acknowledges his 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 and authorised for issue on 1 December 2021 and were signed on its behalf by
Kevin Wheeler Director Company Registration No. 11273008
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Vesalius Medical LTD Notes to the Accounts for the year ended 31 March 2021
1
Statutory information
Vesalius Medical LTD is a private company, limited by shares, registered in England and Wales, registration number 11273008. The registered office is 203, West Street, Fareham, PO16 0EN.
2
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.
3
Accounting policies
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.
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:
Motor vehicles
20% Reducing balance
Computer equipment
20% Reducing balance
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2020
2,200 
1,100 
3,300 
Additions
25,000 
- 
25,000 
At 31 March 2021
27,200 
1,100 
28,300 
Depreciation
At 1 April 2020
445 
396 
841 
Charge for the year
5,351 
141 
5,492 
At 31 March 2021
5,796 
537 
6,333 
Net book value
At 31 March 2021
21,404 
563 
21,967 
At 31 March 2020
1,755 
704 
2,459 
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Vesalius Medical LTD Notes to the Accounts for the year ended 31 March 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Accrued income and prepayments
139 
- 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Taxes and social security
3,380 
- 
Loans from directors
10,418 
2,365 
Accruals
710 
891 
14,508 
3,256 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
12,500 
- 
8
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Kevin Wheeler
Directors Loan Account
(2,365)
(41,213)
(33,160)
(10,418)
(2,365)
(41,213)
(33,160)
(10,418)
10
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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