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REGISTERED NUMBER: SC578543 (Scotland)












UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

K H ORTHO LIMITED

K H ORTHO LIMITED (REGISTERED NUMBER: SC578543)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Statement of Changes in Equity 3

Notes to the Financial Statements 4


K H ORTHO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: K Hinduja





REGISTERED OFFICE: 2nd Floor
Templeton House
62 Templeton Street
Glasgow
G40 1DA





BUSINESS ADDRESS: Kanah
Wilmslow Park North
Wilmslow
Cheshire
SK9 2BH





REGISTERED NUMBER: SC578543 (Scotland)





ACCOUNTANTS: Donachie Chartered Accountants
2nd Floor
Templeton House
62 Templeton Street
Glasgow
G40 1DA

K H ORTHO LIMITED (REGISTERED NUMBER: SC578543)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,327 90,750

CURRENT ASSETS
Debtors 5 271,519 385,606
Investments 6 38,795 18,670
Cash at bank 132,129 83,210
442,443 487,486
CREDITORS
Amounts falling due within one year 7 155,487 158,947
NET CURRENT ASSETS 286,956 328,539
TOTAL ASSETS LESS CURRENT LIABILITIES 386,283 419,289

CREDITORS
Amounts falling due after more than one year 8 88,075 87,937
NET ASSETS 298,208 331,352

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 298,108 331,252
SHAREHOLDERS' FUNDS 298,208 331,352

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 29 August 2024 and were signed by:





K Hinduja - Director


K H ORTHO LIMITED (REGISTERED NUMBER: SC578543)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 November 2021 100 206,270 206,370

Changes in equity
Dividends - (113,000 ) (113,000 )
Total comprehensive income - 237,982 237,982
Balance at 31 October 2022 100 331,252 331,352

Changes in equity
Dividends - (218,000 ) (218,000 )
Total comprehensive income - 184,856 184,856
Balance at 31 October 2023 100 298,108 298,208

K H ORTHO LIMITED (REGISTERED NUMBER: SC578543)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

K H Ortho Limited is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% straight line

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

K H ORTHO LIMITED (REGISTERED NUMBER: SC578543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 November 2022 116,160
Additions 101,440
Disposals (116,160 )
At 31 October 2023 101,440
DEPRECIATION
At 1 November 2022 25,410
Charge for year 28,733
Eliminated on disposal (52,030 )
At 31 October 2023 2,113
NET BOOK VALUE
At 31 October 2023 99,327
At 31 October 2022 90,750

K H ORTHO LIMITED (REGISTERED NUMBER: SC578543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022 116,160
Additions 101,440
Disposals (116,160 )
At 31 October 2023 101,440
DEPRECIATION
At 1 November 2022 25,410
Charge for year 28,733
Eliminated on disposal (52,030 )
At 31 October 2023 2,113
NET BOOK VALUE
At 31 October 2023 99,327
At 31 October 2022 90,750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 214,454 235,756
Other debtors 57,065 149,850
271,519 385,606

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other 38,795 18,670

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 12,410 13,667
Corporation tax 114,837 120,520
VAT 16,978 16,456
Directors' loan accounts 956 498
Accrued expenses 10,306 7,806
155,487 158,947

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 88,075 87,937

K H ORTHO LIMITED (REGISTERED NUMBER: SC578543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 100,485 101,604

Hire purchase contracts are secured over the assets concerned.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
K Hinduja
Balance outstanding at start of year (498 ) (80 )
Amounts advanced 219,542 112,582
Amounts repaid (220,000 ) (113,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (956 ) (498 )