IRIS Accounts Production v23.2.0.158 14063095 Board of Directors 22.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh140630952022-04-21140630952023-03-31140630952022-04-222023-03-31140630952022-04-2114063095ns10:Originalns15:EnglandWales2022-04-222023-03-3114063095ns14:PoundSterlingns10:Original2022-04-222023-03-3114063095ns10:Originalns10:Director12022-04-222023-03-3114063095ns10:Original2022-04-222023-03-3114063095ns10:Original2023-03-3114063095ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-222023-03-3114063095ns10:Originalns10:SmallEntities2022-04-222023-03-3114063095ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-222023-03-3114063095ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-222023-03-3114063095ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-222023-03-3114063095ns10:Originalns10:FullAccounts2022-04-222023-03-3114063095ns10:Originalns10:Director22022-04-222023-03-3114063095ns10:Originalns10:Director32022-04-222023-03-3114063095ns10:Originalns10:Director42022-04-222023-03-3114063095ns10:Originalns10:Director52022-04-222023-03-3114063095ns10:Originalns10:Director62022-04-222023-03-3114063095ns10:Originalns10:Director72022-04-222023-03-3114063095ns10:Director8ns10:Original2022-04-222023-03-3114063095ns10:Originalns10:RegisteredOffice2022-04-222023-03-3114063095ns10:Originalns5:CurrentFinancialInstruments2023-03-3114063095ns10:Originalns5:Non-currentFinancialInstruments2023-03-3114063095ns5:ShareCapitalns10:Original2023-03-3114063095ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3114063095ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-04-222023-03-3114063095ns10:Originalns5:PlantMachinery2022-04-222023-03-3114063095ns10:Originalns5:LandBuildings2022-04-222023-03-3114063095ns10:Originalns5:LandBuildings2023-03-3114063095ns10:Originalns5:PlantMachinery2023-03-3114063095ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 14063095 (England and Wales)















CORIEL ORTHOPAEDICS GROUP LTD

FINANCIAL STATEMENTS

FOR THE PERIOD 22 APRIL 2022 TO 31 MARCH 2023






CORIEL ORTHOPAEDICS GROUP LTD (REGISTERED NUMBER: 14063095)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 22 APRIL 2022 TO 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORIEL ORTHOPAEDICS GROUP LTD

COMPANY INFORMATION
FOR THE PERIOD 22 APRIL 2022 TO 31 MARCH 2023







DIRECTORS: Z U Abiddin
A Bruce
P G Haslam
S Macinnes
D Morell
S Thiagarajah
A Wilkinson
M C Papanna





REGISTERED OFFICE: 138 Beckett Road
Doncaster
South Yorkshire
DN2 4BA





REGISTERED NUMBER: 14063095 (England and Wales)





ACCOUNTANTS: Duncan Chartered Accountants
5 Cherrytree
Union Road
Sheffield
South Yorkshire
S11 9EF

CORIEL ORTHOPAEDICS GROUP LTD (REGISTERED NUMBER: 14063095)

BALANCE SHEET
31 MARCH 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 24,330

CURRENT ASSETS
Debtors 5 92,221
Cash at bank 460,318
552,539
CREDITORS
Amounts falling due within one year 6 174,132
NET CURRENT ASSETS 378,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

402,737

CREDITORS
Amounts falling due after more than one
year

7

(350,669

)

PROVISIONS FOR LIABILITIES (5,170 )
NET ASSETS 46,898

CAPITAL AND RESERVES
Called up share capital 160
Retained earnings 46,738
46,898

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

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

CORIEL ORTHOPAEDICS GROUP LTD (REGISTERED NUMBER: 14063095)

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 30 January 2024 and were signed on its behalf by:





D Morell - Director


CORIEL ORTHOPAEDICS GROUP LTD (REGISTERED NUMBER: 14063095)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 22 APRIL 2022 TO 31 MARCH 2023


1. STATUTORY INFORMATION

Coriel Orthopaedics Group Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Freehold property - 2% on cost
Plant and machinery - 10% on cost

Taxation
Taxation for the period 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 period 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.

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.

CORIEL ORTHOPAEDICS GROUP LTD (REGISTERED NUMBER: 14063095)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 22 APRIL 2022 TO 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
Additions 3,650 22,978 26,628
At 31 March 2023 3,650 22,978 26,628
DEPRECIATION
Charge for period - 2,298 2,298
At 31 March 2023 - 2,298 2,298
NET BOOK VALUE
At 31 March 2023 3,650 20,680 24,330

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 92,061
Other debtors 160
92,221

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 3,246
Taxation and social security 6,848
Accrued expenses 164,038
174,132

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 350,669

8. RELATED PARTY DISCLOSURES

On 1 May 2022, the assets and liabilities of Coriel Orthopaedic Group LLP were transferred to Coriel
Orthopaedics Group Ltd, which is owned by individuals who are directors and shareholders of the designated members of the LLP.

Capital account balances which were introduced are included within Other creditors due more than one year, together with further amounts advanced for future capital investment.