Company Registration No. 05581325 (England and Wales)
Ortho Limited
Unaudited accounts
for the year ended 31 October 2022
Ortho Limited
Unaudited accounts
Contents
Ortho Limited
Statement of financial position
as at 31 October 2022
Intangible assets
213,998
213,998
Tangible assets
80,479
33,141
Cash at bank and in hand
1,615,079
926,022
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
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
Ortho Limited
Notes to the Accounts
for the year ended 31 October 2022
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.
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.
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 (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
At 1 November 2021
213,998
At 31 October 2022
213,998
At 31 October 2022
213,998
At 31 October 2021
213,998
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
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
At 31 October 2022
20,335
-
60,144
80,479
At 31 October 2021
24,403
-
8,738
33,141
Amounts falling due within one year
Trade debtors
48,273
47,383
Accrued income and prepayments
6,250
6,250
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
8,333
8,333
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
Deferred income
1,191,903
632,000
8
Creditors: amounts falling due after more than one year
2022
2021
9
Average number of employees
During the year the average number of employees was 10 (2021: 8).