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Registered number: 07084280

OSSEO REGENERATIVE TECHNOLOGIES (UK) LTD

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023

Prepared By:
Staffer Mayled & Co Ltd
46-48 Station Road
Cardiff
CF14 5LU

OSSEO REGENERATIVE TECHNOLOGIES (UK) LTD

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
DIRECTORS
Dr David Guy
Dr Hui Chen
REGISTERED OFFICE
46-48 Station Road
Llanishen
Cardiff
CF14 5LU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07084280
ACCOUNTANTS
Staffer Mayled & Co Ltd
46-48 Station Road
Cardiff
CF14 5LU

OSSEO REGENERATIVE TECHNOLOGIES (UK) LTD

ACCOUNTS
FOR THEYEARENDED31/10/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

OSSEO REGENERATIVE TECHNOLOGIES (UK) LTD

BALANCE SHEET AT 31/10/2023
20232022
Notes££
FIXED ASSETS
Intangible assets2879,03923,968
Tangible assets31,019,1211,073,095
Investment Assets41492,154
1,898,1611,589,217
CURRENT ASSETS
Stock2,6092,415
Debtors6266,98248,590
Cash at bank and in hand242,082257,215
511,673308,220
CREDITORS: Amounts falling due within one year7707,312702,351
NET CURRENT LIABILITIES(195,639)(394,131)
TOTAL ASSETS LESS CURRENT LIABILITIES1,702,5221,195,086
CREDITORS: Amounts falling due after more than one year81,246,123847,770
PROVISIONS FOR LIABILITIES AND CHARGES1016,71322,884
NET ASSETS439,686324,432
CAPITAL AND RESERVES
Called up share capital11100100
Profit and loss account439,586324,332
SHAREHOLDERS' FUNDS439,686324,432
For the year ending 31/10/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 10/07/2024 and signed on their behalf by
.............................
Dr David Guy
Director

OSSEO REGENERATIVE TECHNOLOGIES (UK) LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
1. ACCOUNTING POLICIES
1a. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 2%
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.

OSSEO REGENERATIVE TECHNOLOGIES (UK) LTD

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/11/202295,87195,871
Additions1,054,2381,054,238
Disposals(95,871)(95,871)
At 31/10/20231,054,2381,054,238
Depreciation
At 01/11/202271,90371,903
Disposals(71,903)(71,903)
For the year175,199175,199
At 31/10/2023175,199175,199
Net Book Amounts
At 31/10/2023879,039879,039
At 31/10/202223,96823,968
£492,153 of goodwill additions in period are related to hive up of GRBI Limited.
£562,085 of goodwill additions in period are related to new purchase.
£95,871 of goodwill disposals are related to sale of a part of the business.
3. TANGIBLE FIXED ASSETS
Land AndPlant andFixtures
BuildingsMachineryand FittingsTotal
££££
Cost
At 01/11/20221,013,08533,025491,9361,538,046
Additions-6,4295,09911,528
Disposals-(7,802)(118,811)(126,613)
At 31/10/20231,013,08531,652378,2241,422,961
Depreciation
At 01/11/202257,05025,917381,984464,951
Disposals-(5,557)(103,621)(109,178)
For the year20,2652,82824,97448,067
At 31/10/202377,31523,188303,337403,840
Net Book Amounts
At 31/10/2023935,7708,46474,8871,019,121
At 31/10/2022956,0357,108109,9521,073,095
The following Tangible Fixed Asset disposals are associated with the sale of a part of the business: • £2,759 of the Plant and Machinery disposals and accumulated depreciation of £691 • £36,462 of the Fixtures and Fittings disposals and accumulated depreciation of £27,903
The following Tangible Fixed Asset disposals arise from the scrappage of obsolete equipment: • £5,043 of the Plant and Machinery disposals and accumulated depreciation of £4,866 • £82,349 of the Fixtures and Fittings disposals and accumulated depreciation of £75,718

OSSEO REGENERATIVE TECHNOLOGIES (UK) LTD

4. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 01/11/2022492,154492,154
Disposals(492,153)(492,153)
At 31/10/202311
Amortisation
Net Book Amounts
At 31/10/202311
At 31/10/2022492,154492,154
In 2020 the company purchased 100% of the share capital of GRBI Ltd (company number 09021386). Investment in its subsidiary company represents the cost of acquisition of the whole of the ordinary share capital. At the 31 October 2022, the aggregate of the share capital and reserves of GRBI Ltd amounted to £5 and the profit for the year to that date was £nil.
Investment in GRBI Ltd share capital was hived up into the goodwill of Osseo Regenerative Technologies (UK) Ltd in the period and it is included in additions.
5. STOCK 20232022
££
Stock comprises:
Stock2,6092,415
2,6092,415
6. DEBTORS 20232022
££
Amounts falling due within one year
Other debtors201,541-
Amounts due from group companies54,44137,590
Prepayments11,00011,000
266,98248,590

OSSEO REGENERATIVE TECHNOLOGIES (UK) LTD

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax95,96355,242
PAYE control4,9762,994
Directors current account334,818471,723
Bank Loan126,99575,481
Hire purchase2,3472,347
Trade creditors120,71185,511
Patient charges1181,019
Deferred income21,3798,034
Amounts due to group companies5-
707,312702,351
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Loans >1yr1,242,823842,500
Hire purchase >1yr3,3005,270
1,246,123847,770
On the 7/05/2020 the company received a Covid bounce back loan of £50,000. Repayments started on 07/06/2021, consisting of 60 payments of £833.33. Interest rate of 2.500% applies. On the 26/10/2020 the company entered into a loan agreement for £910,000 with 240 payments of £4,760.09. Interest rate of 2.360% applies. On the 30/05/2023 the company entered into a loan agreement for £557,000 with monthly repayment of £4,922.86. Interest rate of 6.530% applies. Client entered into a hire purchase agreement on 08/07/2021. £11,738.60 is payable over 60 monthly instalments of £195.56. This agreement relates to purchase of new assets.
9. EMPLOYEES
20232022
No.No.
Average number of employees128

OSSEO REGENERATIVE TECHNOLOGIES (UK) LTD

10. PROVISIONS FOR LIABILITIES 20232022
££
Pensions877642
Deferred taxation15,83622,242
16,71322,884
11. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
12. CONTROLLING PARTY
Are the directors and shareholders of the company.