Orthteam (Didsbury) Limited 10818711 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is medical practice activities. Digita Accounts Production Advanced 6.30.9574.0 true 10818711 2022-07-01 2023-06-30 10818711 2023-06-30 10818711 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-06-30 10818711 core:CurrentFinancialInstruments 2023-06-30 10818711 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 10818711 bus:SmallEntities 2022-07-01 2023-06-30 10818711 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 10818711 bus:FullAccounts 2022-07-01 2023-06-30 10818711 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 10818711 bus:RegisteredOffice 2022-07-01 2023-06-30 10818711 bus:Director2 2022-07-01 2023-06-30 10818711 bus:Director3 2022-07-01 2023-06-30 10818711 bus:Director6 2022-07-01 2023-06-30 10818711 bus:Director7 2022-07-01 2023-06-30 10818711 bus:Director8 2022-07-01 2023-06-30 10818711 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 10818711 bus:Agent1 2022-07-01 2023-06-30 10818711 countries:EnglandWales 2022-07-01 2023-06-30 10818711 2021-07-01 2022-06-30 10818711 2022-06-30 10818711 core:CurrentFinancialInstruments 2022-06-30 10818711 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 10818711

Orthteam (Didsbury) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Orthteam (Didsbury) Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 7

 

Orthteam (Didsbury) Limited

Company Information

Directors

Mr M J Hayton

Prof C A Peach

Mr T M Clough

Mr J C Leach

Mr N J Phillips

Registered office

10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

Accountants

Xeinadin Phillip Carroll
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Orthteam (Didsbury) Limited
for the Year Ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Orthteam (Didsbury) Limited for the year ended 30 June 2023 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Orthteam (Didsbury) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Orthteam (Didsbury) Limited and state those matters that we have agreed to state to the Board of Directors of Orthteam (Didsbury) Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Orthteam (Didsbury) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Orthteam (Didsbury) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Orthteam (Didsbury) Limited. You consider that Orthteam (Didsbury) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Orthteam (Didsbury) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................


Xeinadin Phillip Carroll
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

12 February 2024

 

Orthteam (Didsbury) Limited

(Registration number: 10818711)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Other financial assets

4

395,625

395,625

Current assets

 

Debtors

5

30,251

109,226

Cash at bank and in hand

 

319,152

223,608

 

349,403

332,834

Creditors: Amounts falling due within one year

6

(80,772)

(534,136)

Net current assets/(liabilities)

 

268,631

(201,302)

Net assets

 

664,256

194,323

Capital and reserves

 

Called up share capital

9,250

8,500

Share premium reserve

182,500

-

Capital redemption reserve

500

500

Retained earnings

472,006

185,323

Shareholders' funds

 

664,256

194,323

For the financial year ending 30 June 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.

 

Orthteam (Didsbury) Limited

(Registration number: 10818711)
Balance Sheet as at 30 June 2023

Approved and authorised by the Board on 12 February 2024 and signed on its behalf by:
 

.........................................
Mr J C Leach
Director

 

Orthteam (Didsbury) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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:
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

These financial statements were authorised for issue by the Board on 12 February 2024.

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 sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

 

Orthteam (Didsbury) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

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.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2022 - 6).

 

Orthteam (Didsbury) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 July 2022

395,625

395,625

At 30 June 2023

395,625

395,625

Impairment

Carrying amount

At 30 June 2023

395,625

395,625

5

Debtors

Note

2023
£

2022
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

23,400

104,900

Other debtors

 

6,851

4,326

 

30,251

109,226

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

6,465

4,132

Taxation and social security

30,349

27,424

Accruals and deferred income

18,258

18,710

Other creditors

25,700

483,870

80,772

534,136