D A Woods Orthopaedics Ltd. 08372783 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is orthopaedic consultancy. Digita Accounts Production Advanced 6.30.9574.0 true 08372783 2022-04-01 2023-03-31 08372783 2023-03-31 08372783 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-03-31 08372783 core:CurrentFinancialInstruments 2023-03-31 08372783 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08372783 core:FurnitureFittings 2023-03-31 08372783 core:OfficeEquipment 2023-03-31 08372783 bus:SmallEntities 2022-04-01 2023-03-31 08372783 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08372783 bus:FullAccounts 2022-04-01 2023-03-31 08372783 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 08372783 bus:RegisteredOffice 2022-04-01 2023-03-31 08372783 bus:Director6 2022-04-01 2023-03-31 08372783 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08372783 core:FurnitureFittings 2022-04-01 2023-03-31 08372783 core:OfficeEquipment 2022-04-01 2023-03-31 08372783 countries:EnglandWales 2022-04-01 2023-03-31 08372783 2022-03-31 08372783 core:FurnitureFittings 2022-03-31 08372783 core:OfficeEquipment 2022-03-31 08372783 2021-04-01 2022-03-31 08372783 2022-03-31 08372783 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2022-03-31 08372783 core:CurrentFinancialInstruments 2022-03-31 08372783 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 08372783 core:FurnitureFittings 2022-03-31 08372783 core:OfficeEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 08372783

D A Woods Orthopaedics Ltd.

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

D A Woods Orthopaedics Ltd.

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 7

 

D A Woods Orthopaedics Ltd.

(Registration number: 08372783)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,877

3,040

Other financial assets

5

282,826

290,779

 

286,703

293,819

Current assets

 

Debtors

6

12,921

8,858

Cash at bank and in hand

 

351,240

318,868

 

364,161

327,726

Creditors: Amounts falling due within one year

7

(18,959)

(22,683)

Net current assets

 

345,202

305,043

Total assets less current liabilities

 

631,905

598,862

Provisions for liabilities

(4,234)

(7,165)

Net assets

 

627,671

591,697

Capital and reserves

 

Called up share capital

100

100

Other reserves

9,794

19,211

Retained earnings

617,777

572,386

Shareholders' funds

 

627,671

591,697

 

D A Woods Orthopaedics Ltd.

(Registration number: 08372783)
Balance Sheet as at 31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 November 2023 and signed on its behalf by:
 

.........................................
Mr D A Woods
Director

 

D A Woods Orthopaedics Ltd.

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of orthopaedic consultancy services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

D A Woods Orthopaedics Ltd.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Fixtures and fittings

25% reducing balance

Investments

Listed fixed asset investments are held at fair value with any gains or losses taken to the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for orthopaedic consultancy services performed in the ordinary course of business.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2022 - 6).

 

D A Woods Orthopaedics Ltd.

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

4

Tangible assets

Fixtures and fittings
£

Computer equipment
£

Total
£

Cost or valuation

At 1 April 2022

6,891

9,297

16,188

Additions

-

1,948

1,948

Disposals

-

(2,015)

(2,015)

At 31 March 2023

6,891

9,230

16,121

Depreciation

At 1 April 2022

6,300

6,848

13,148

Charge for the year

148

549

697

Eliminated on disposal

-

(1,601)

(1,601)

At 31 March 2023

6,448

5,796

12,244

Carrying amount

At 31 March 2023

443

3,434

3,877

At 31 March 2022

591

2,449

3,040

 

D A Woods Orthopaedics Ltd.

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

5

Other financial assets (current and non-current)

2023
£

2022
£

Non-current financial assets

Financial assets at fair value through profit and loss

282,826

290,779

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2022

290,779

290,779

Fair value adjustments

(10,607)

(10,607)

Additions

2,654

2,654

At 31 March 2023

282,826

282,826

6

Debtors

Current

2023
£

2022
£

Trade debtors

7,195

5,947

Prepayments

2,077

-

Other debtors

3,649

2,911

 

12,921

8,858

 

D A Woods Orthopaedics Ltd.

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

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

 

Taxation and social security

 

16,731

15,289

Other creditors

 

2,228

7,394

 

18,959

22,683

8

Related party transactions

During the year the directors had a loan with the company. At the balance sheet date the amount due to the directors was £293 (2022: £5,594).