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Company Registration No. 05581325 (England and Wales)
Ortho Limited Unaudited accounts for the year ended 31 October 2022
Ortho Limited Unaudited accounts Contents
Page
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Ortho Limited Statement of financial position as at 31 October 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
213,998 
213,998 
Tangible assets
80,479 
33,141 
294,477 
247,139 
Current assets
Inventories
3,876 
3,876 
Debtors
54,523 
53,633 
Cash at bank and in hand
1,615,079 
926,022 
1,673,478 
983,531 
Creditors: amounts falling due within one year
(1,336,481)
(729,928)
Net current assets
336,997 
253,603 
Total assets less current liabilities
631,474 
500,742 
Creditors: amounts falling due after more than one year
(38,416)
(41,667)
Provisions for liabilities
Deferred tax
(15,291)
(6,297)
Net assets
577,767 
452,778 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
577,765 
452,776 
Shareholders' funds
577,767 
452,778 
For the year ending 31 October 2022 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 19 October 2023 and were signed on its behalf by
Mr M Buddha Director Company Registration No. 05581325
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Ortho Limited Notes to the Accounts for the year ended 31 October 2022
1
Statutory information
Ortho Limited is a private company, limited by shares, registered in England and Wales, registration number 05581325. The registered office is 1 BITTESWELL ROAD, LUTTERWORTH, LEICESTERSHIRE, LE17 4EL.
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.
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.
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
16.7% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
25% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost. Goodwill has not been amortised as the practice resale valuation is estimated to be more than the original cost.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2021
213,998 
At 31 October 2022
213,998 
Amortisation
At 1 November 2021
- 
At 31 October 2022
- 
Net book value
At 31 October 2022
213,998 
At 31 October 2021
213,998 
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Ortho Limited Notes to the Accounts for the year ended 31 October 2022
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2021
148,968 
10,252 
19,678 
178,898 
Additions
- 
- 
57,281 
57,281 
At 31 October 2022
148,968 
10,252 
76,959 
236,179 
Depreciation
At 1 November 2021
124,565 
10,252 
10,940 
145,757 
Charge for the year
4,068 
- 
5,875 
9,943 
At 31 October 2022
128,633 
10,252 
16,815 
155,700 
Net book value
At 31 October 2022
20,335 
- 
60,144 
80,479 
At 31 October 2021
24,403 
- 
8,738 
33,141 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
48,273 
47,383 
Accrued income and prepayments
6,250 
6,250 
54,523 
53,633 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
8,333 
8,333 
Trade creditors
1,875 
- 
Amounts owed to group undertakings and other participating interests
67,928 
37,009 
Taxes and social security
38,620 
39,661 
Other creditors
9,873 
5,573 
Loans from directors
412 
2,319 
Accruals
17,537 
5,033 
Deferred income
1,191,903 
632,000 
1,336,481 
729,928 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
38,416 
41,667 
9
Average number of employees
During the year the average number of employees was 10 (2021: 8).
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