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REGISTERED NUMBER: 08756944 (England and Wales)


















SNOWDONIA ORTHOPAEDIC SERVICES
(SOS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






SNOWDONIA ORTHOPAEDIC SERVICES
(SOS) LIMITED (REGISTERED NUMBER: 08756944)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SNOWDONIA ORTHOPAEDIC SERVICES
(SOS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Dr K Azurza
Mrs C Azurza





REGISTERED OFFICE: First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH





REGISTERED NUMBER: 08756944 (England and Wales)





ACCOUNTANTS: Hawley and Company
Chartered Accountants & Chartered Tax Advisers
First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH

SNOWDONIA ORTHOPAEDIC SERVICES
(SOS) LIMITED (REGISTERED NUMBER: 08756944)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 167 667
Tangible assets 5 993 1,322
1,160 1,989

CURRENT ASSETS
Debtors 6 20,135 21,190
Cash at bank 26,676 20,151
46,811 41,341
CREDITORS
Amounts falling due within one year 7 41,989 29,378
NET CURRENT ASSETS 4,822 11,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,982

13,952

PROVISIONS FOR LIABILITIES 8 436 251
NET ASSETS 5,546 13,701

CAPITAL AND RESERVES
Called up share capital 9 10 1
Retained earnings 5,536 13,700
SHAREHOLDERS' FUNDS 5,546 13,701

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 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.

SNOWDONIA ORTHOPAEDIC SERVICES
(SOS) LIMITED (REGISTERED NUMBER: 08756944)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 28 August 2024 and were signed on its behalf by:





Dr K Azurza - Director


SNOWDONIA ORTHOPAEDIC SERVICES
(SOS) LIMITED (REGISTERED NUMBER: 08756944)

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

1. STATUTORY INFORMATION

Snowdonia Orthopaedic Services (SOS) Limited 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.

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.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Trade and other debtors
Trade and other debtors are initially recognised at their transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment for bad and doubtful debts.

SNOWDONIA ORTHOPAEDIC SERVICES
(SOS) LIMITED (REGISTERED NUMBER: 08756944)

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

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Trade and other creditors
Trade and other creditors are initially recognised at their transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 5,000
AMORTISATION
At 1 November 2022 4,333
Charge for year 500
At 31 October 2023 4,833
NET BOOK VALUE
At 31 October 2023 167
At 31 October 2022 667

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 1,623 3,857 5,480
DEPRECIATION
At 1 November 2022 1,031 3,127 4,158
Charge for year 88 241 329
At 31 October 2023 1,119 3,368 4,487
NET BOOK VALUE
At 31 October 2023 504 489 993
At 31 October 2022 592 730 1,322

SNOWDONIA ORTHOPAEDIC SERVICES
(SOS) LIMITED (REGISTERED NUMBER: 08756944)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,060 9,130
Other debtors 8,500 8,500
Prepayments 3,575 3,560
20,135 21,190

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 25,375 15,118
Other creditors 11,500 11,500
Directors' loan account 66 376
Accruals 5,048 2,384
41,989 29,378

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 436 251

Deferred
tax
£   
Balance at 1 November 2022 251
Accelerated capital allowances 185
Balance at 31 October 2023 436

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 1

9 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.