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REGISTERED NUMBER: 07137682 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

TALUS ORTHOPAEDICS LIMITED

TALUS ORTHOPAEDICS LIMITED (REGISTERED NUMBER: 07137682)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TALUS ORTHOPAEDICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A McEvoy
Mrs J I S McEvoy





SECRETARY: Mrs J I S McEvoy





REGISTERED OFFICE: First Floor Flat
5 St Paul's Avenue
Lytham-St-Annes
Lancashire
FY8 1ED





REGISTERED NUMBER: 07137682 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

TALUS ORTHOPAEDICS LIMITED (REGISTERED NUMBER: 07137682)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,283 2,201
2,283 2,201

CURRENT ASSETS
Debtors 6 19,966 19,996
Cash at bank and in hand 127,645 131,972
147,611 151,968
CREDITORS
Amounts falling due within one year 7 4,489 5,731
NET CURRENT ASSETS 143,122 146,237
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,405

148,438

PROVISIONS FOR LIABILITIES 13,659 17,283
NET ASSETS 131,746 131,155

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 131,646 131,055
SHAREHOLDERS' FUNDS 131,746 131,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

TALUS ORTHOPAEDICS LIMITED (REGISTERED NUMBER: 07137682)

BALANCE SHEET - continued
31 MARCH 2024


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 30 August 2024 and were signed on its behalf by:





A McEvoy - Director


TALUS ORTHOPAEDICS LIMITED (REGISTERED NUMBER: 07137682)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Talus Orthopaedics 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.

Turnover
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 2010, 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

TALUS ORTHOPAEDICS LIMITED (REGISTERED NUMBER: 07137682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Going concern
There are no significant movements in the level of work and therefore the directors expect sales to continue in line with previous years. The directors are unaware of any reason the company should not be able to operate within its current banking facilities.

The directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future and therefore has adopted the going concern basis of accounting

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023
and 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,323 1,417 9,782 12,522
Additions - - 799 799
At 31 March 2024 1,323 1,417 10,581 13,321
DEPRECIATION
At 1 April 2023 1,263 1,145 7,913 10,321
Charge for year 16 68 633 717
At 31 March 2024 1,279 1,213 8,546 11,038
NET BOOK VALUE
At 31 March 2024 44 204 2,035 2,283
At 31 March 2023 60 272 1,869 2,201

TALUS ORTHOPAEDICS LIMITED (REGISTERED NUMBER: 07137682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 14,175 15,140
Directors' current accounts 887 -
Tax 1,701 1,701
Prepayments and accrued income 3,203 3,155
19,966 19,996

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Tax 2,070 -
Social security and other taxes 102 2,117
Other creditors 803 1,902
Directors' current accounts - 197
Accrued expenses 1,514 1,515
4,489 5,731