Registration number:
James Stoddard Orthopaedics Limited
for the Year Ended 31 August 2024
(Registration number: 09718061)
Balance Sheet as at 31 August 2024
Note |
2024 |
2023 |
|
Fixed assets |
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Tangible assets |
|
|
|
Other financial assets |
208,035 |
208,035 |
|
|
|
||
Current assets |
|||
Debtors |
|
- |
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
100 |
100 |
|
Retained earnings |
407,895 |
412,437 |
|
Shareholders' funds |
407,995 |
412,537 |
For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.
.........................................
J E Stoddard
Director
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024
Accounting policies |
James Stoddard Orthopaedics Limited is a private company, limited by shares, domiciled in England and Wales, company number 09718061. The registered office is at
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There has been no material departure from this standard.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Revenue is recognised at the point of service delivery.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Office equipment |
20% Straight line |
Investments
Investments in equity shares which are publicly traded or where fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Dividends on equity securities are recognised in income when receivable.
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Tangible assets |
Office equipment |
|
Cost |
|
At 1 September 2023 |
|
Additions |
|
At 31 August 2024 |
|
Depreciation |
|
At 1 September 2023 |
|
Charge for the year |
|
At 31 August 2024 |
|
Carrying amount |
|
At 31 August 2024 |
|
At 31 August 2023 |
|
Fixed asset investments |
Investments |
|
Cost |
|
At 1 September 2023 |
208,035 |
31 August 2024 |
208,035 |
Carrying amount |
|
At 31 August 2024 |
|
At 31 August 2023 |
|
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)
Debtors |
2024 |
2023 |
|
Amounts owed by related parties |
|
- |
Creditors |
2024 |
2023 |
|
Due within one year |
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Corporation tax |
|
|
Accruals and deferred income |
|
|
Director's current account |
|
|
|
|
Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £
Related party transactions |
During the year the directors had an interest free loan account with the company. At the balance sheet date the amount owed to the directors was £1,753 (2023: £1,901).
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate controlling party is