Company registration number 11152395 (England and Wales)
JLM Orthopaedics Ltd
Unaudited
financial statements
for the year ended 30 April 2024
PAGES FOR FILING WITH REGISTRAR
JLM Orthopaedics Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
JLM Orthopaedics Ltd
Statement of financial position
as at 30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
2
32,463
16,418
Current assets
Cash at bank and in hand
110,471
35,694
Creditors: amounts falling due within one year
(23,368)
(9,008)
Net current assets
87,103
26,686
Total assets less current liabilities
119,566
43,104
Provisions for liabilities
(8,109)
(3,260)
Net assets
111,457
39,844
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
111,357
39,744
Total equity
111,457
39,844

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

JLM Orthopaedics Ltd
Statement of financial position (continued)
as at 30 April 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 20 August 2024 and are signed on its behalf by:
J Marciniak
Director
Company registration number 11152395 (England and Wales)
JLM Orthopaedics Ltd
Notes to the Financial Statements
for the year ended 30 April 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
2% straight line
Fixtures and fittings
15% reducing balance
Computers
33% reducing balance
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences. Such liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
JLM Orthopaedics Ltd
Notes to the Financial Statements (continued)
for the year ended 30 April 2024
- 4 -
2
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 May 2023
-
0
12,716
7,168
19,884
Additions
17,316
904
2,352
20,572
At 30 April 2024
17,316
13,620
9,520
40,456
Depreciation and impairment
At 1 May 2023
-
0
2,111
1,355
3,466
Depreciation charged in the year
346
1,694
2,487
4,527
At 30 April 2024
346
3,805
3,842
7,993
Carrying amount
At 30 April 2024
16,970
9,815
5,678
32,463
At 30 April 2023
-
0
10,605
5,813
16,418
3
Company information

JLM Orthopaedics Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 26 Leighfield Drive, Sunderland, Tyne and Wear, SR3 2DD.

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