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REGISTERED NUMBER: 08300404 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

ORTHO-TRAUMA (UK) LIMITED

ORTHO-TRAUMA (UK) LIMITED (REGISTERED NUMBER: 08300404)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ORTHO-TRAUMA (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mr J Szego
Mrs J J Szego





SECRETARY: Mrs J J Szego





REGISTERED OFFICE: 83
Cambridge Street
Pimlico
London
SW1V 4PS





REGISTERED NUMBER: 08300404 (England and Wales)





ACCOUNTANTS: George Hay & Company
Chartered Accountants
83 Cambridge Street
London
SW1V 4PS

ORTHO-TRAUMA (UK) LIMITED (REGISTERED NUMBER: 08300404)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,334 63,334
Tangible assets 5 1,392 2,599
24,726 65,933

CURRENT ASSETS
Stocks - 1,276
Debtors 6 - 21,568
Cash at bank 521,159 623,536
521,159 646,380
CREDITORS
Amounts falling due within one year 7 331,839 457,822
NET CURRENT ASSETS 189,320 188,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,046

254,491

CREDITORS
Amounts falling due after more than one
year

8

100,000

100,000
NET ASSETS 114,046 154,491

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 113,946 154,391
SHAREHOLDERS' FUNDS 114,046 154,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ORTHO-TRAUMA (UK) LIMITED (REGISTERED NUMBER: 08300404)

BALANCE SHEET - continued
31ST MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th October 2023 and were signed on its behalf by:





Mr J Szego - Director


ORTHO-TRAUMA (UK) LIMITED (REGISTERED NUMBER: 08300404)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Ortho-Trauma (Uk) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill being the amount paid in relation to the acquisition of a business, is being amortised evenly over its estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Computer equipment 33.33% straight line.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ORTHO-TRAUMA (UK) LIMITED (REGISTERED NUMBER: 08300404)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 400,000
AMORTISATION
At 1st April 2022 336,666
Charge for year 40,000
At 31st March 2023 376,666
NET BOOK VALUE
At 31st March 2023 23,334
At 31st March 2022 63,334

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2022 12,021
Additions 601
At 31st March 2023 12,622
DEPRECIATION
At 1st April 2022 9,422
Charge for year 1,808
At 31st March 2023 11,230
NET BOOK VALUE
At 31st March 2023 1,392
At 31st March 2022 2,599

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 19,647
Tax - 1,396
VAT - 525
- 21,568

ORTHO-TRAUMA (UK) LIMITED (REGISTERED NUMBER: 08300404)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,715 2,406
Social security and other taxes 256 -
Directors' current accounts 324,173 451,509
Accrued expenses 4,695 3,907
331,839 457,822

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Directors' loan 100,000 100,000

9. ULTIMATE CONTROLLING PARTY

The company is jointly owned and controlled by J Szego and JJ Szego