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REGISTERED NUMBER: 07187129 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

LOCKWOOD ORTHOPAEDICS LIMITED

LOCKWOOD ORTHOPAEDICS LIMITED (REGISTERED NUMBER: 07187129)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOCKWOOD ORTHOPAEDICS LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R Pandit
Mrs M J Pandit





REGISTERED OFFICE: 2 St Mary's Road
Tonbridge
Kent
TN9 2LB





REGISTERED NUMBER: 07187129 (England and Wales)





ACCOUNTANTS: Sandison Lang Limited
2 St Marys Road
Tonbridge
Kent
TN9 2LB

LOCKWOOD ORTHOPAEDICS LIMITED (REGISTERED NUMBER: 07187129)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 30,593 40,563

CURRENT ASSETS
Debtors 5 3,156 -
Cash at bank 113,779 130,607
116,935 130,607
CREDITORS
Amounts falling due within one year 6 (42,619 ) (57,348 )
NET CURRENT ASSETS 74,316 73,259
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,909

113,822

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 104,809 113,722
SHAREHOLDERS' FUNDS 104,909 113,822

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

LOCKWOOD ORTHOPAEDICS LIMITED (REGISTERED NUMBER: 07187129)

Balance Sheet - continued
31 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 7 November 2023 and were signed on its behalf by:





R Pandit - Director


LOCKWOOD ORTHOPAEDICS LIMITED (REGISTERED NUMBER: 07187129)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Lockwood Orthopaedics 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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

LOCKWOOD ORTHOPAEDICS LIMITED (REGISTERED NUMBER: 07187129)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 50,815
Additions 227
At 31 March 2023 51,042
DEPRECIATION
At 1 April 2022 10,252
Charge for year 10,197
At 31 March 2023 20,449
NET BOOK VALUE
At 31 March 2023 30,593
At 31 March 2022 40,563

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,156 -

LOCKWOOD ORTHOPAEDICS LIMITED (REGISTERED NUMBER: 07187129)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 30,059 37,342
Trade creditors (1 ) 1
Taxation and social security 4,520 4,038
Other creditors 8,041 15,967
42,619 57,348