SI-Bone UK LTD - Period Ending 2015-12-31

31 December 2015

Ordinary Shares of £1 each

Registration number: 09719342

SI-Bone UK LTD

Unaudited Abbreviated Accounts

for the Period from 5 August 2015 to 31 December 2015

Sense Financial Accounting
Chartered Certified Accountants
Windsor House
Cornwall Road
Harrogate
North Yorkshire
HG1 2PW

SI-Bone UK LTD
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
SI-Bone UK LTD
for the Period Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SI-Bone UK LTD for the period ended 31 December 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of SI-Bone UK LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of SI-Bone UK LTD and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SI-Bone UK LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that SI-Bone UK 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 loss of SI-Bone UK LTD. You consider that SI-Bone UK LTD is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of SI-Bone UK 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.

......................................

Sense Financial Accounting
Chartered Certified Accountants
Windsor House
Cornwall Road
Harrogate
North Yorkshire
HG1 2PW

20 September 2016

Page 1

SI-Bone UK LTD
(Registration number: 09719342)
Abbreviated Balance Sheet at 31 December 2015

	Note	31 December 2015 £
Fixed assets
Tangible fixed assets		16,197
Current assets
Stocks		27,158
Debtors		79,728
Cash at bank and in hand		13,139
		120,025
Creditors: Amounts falling due within one year		(142,319)
Net current liabilities		(22,294)
Net liabilities		(6,097)
Capital and reserves
Called up share capital	3	1
Profit and loss account		(6,098)
Shareholders' deficit		(6,097)

For the year ending 31 December 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 20 September 2016 and signed on its behalf by:

.........................................
Mr Richard Moss
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

SI-Bone UK LTD
Notes to the Abbreviated Accounts for the Period from 5 August 2015 to 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided at the following annual rates to write off each asset over its estimated useful life.

Asset class	Depreciation method and rate
Surgical Instruments	Depreciated over 4 years in equal annual instalments

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

SI-Bone UK LTD
Notes to the Abbreviated Accounts for the Period from 5 August 2015 to 31 December 2015
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
Additions	16,542	16,542
At 31 December 2015	16,542	16,542
Depreciation
Charge for the period	345	345
At 31 December 2015	345	345
Net book value
At 31 December 2015	16,197	16,197

3	Share capital

Allotted, called up and fully paid shares

New shares allotted

During the period 1 Ordinary Share having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1.

Control

The company is controlled by SI-Bone SRL a company incorporated in Italy.. The ultimate controlling party is SI-Bone Inc a company incorporated in the US.

Page 4