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REGISTERED NUMBER: 10781755 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Prestige Orthopaedics Limited

Prestige Orthopaedics Limited (Registered number: 10781755)






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


Prestige Orthopaedics Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J G Reading
Mrs L B M Reading





REGISTERED OFFICE: Suite 12 Jason House
Kerry Hill
Horsforth
Leeds
West Yorkshire
LS18 4JR





REGISTERED NUMBER: 10781755 (England and Wales)





ACCOUNTANTS: Yorkshire Medical Accountants LLP
Suite 12
East Wing, Jason House
Kerry Hill, Horsforth
Leeds
West Yorkshire
LS18 4JR

Prestige Orthopaedics Limited (Registered number: 10781755)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 451 444

CURRENT ASSETS
Debtors 5 4,501 4,196
Cash at bank and in hand 10,377 4,729
14,878 8,925
CREDITORS
Amounts falling due within one year 6 7,216 9,153
NET CURRENT ASSETS/(LIABILITIES) 7,662 (228 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,113

216

PROVISIONS FOR LIABILITIES 86 84
NET ASSETS 8,027 132

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,927 32
8,027 132

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.

Prestige Orthopaedics Limited (Registered number: 10781755)

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 2 December 2024 and were signed on its behalf by:




J G Reading - Director



Mrs L B M Reading - Director


Prestige Orthopaedics Limited (Registered number: 10781755)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Prestige 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.

These financial statements have been prepared on a going concern basis based on the continued support of the directors in not seeking repayment of their loans in the short term.

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.
Plant and machinery etc - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Prestige Orthopaedics Limited (Registered number: 10781755)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 2,845
Additions 260
At 31 March 2024 3,105
DEPRECIATION
At 1 April 2023 2,401
Charge for year 253
At 31 March 2024 2,654
NET BOOK VALUE
At 31 March 2024 451
At 31 March 2023 444

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,501 4,196

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 188 31
Taxation and social security 2,417 453
Other creditors 4,611 8,669
7,216 9,153

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 were paid to the directors .

Included in other creditors at the year end are amounts owed to the directors of £3,441 (2023 - £7,595).