James Stoddard Orthopaedics Limited 09718061 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is that of specialist medical practice activities. Digita Accounts Production Advanced 6.30.9574.0 true true 09718061 2023-09-01 2024-08-31 09718061 2024-08-31 09718061 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-08-31 09718061 core:CurrentFinancialInstruments 2024-08-31 09718061 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 09718061 core:OfficeEquipment 2024-08-31 09718061 bus:SmallEntities 2023-09-01 2024-08-31 09718061 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09718061 bus:FilletedAccounts 2023-09-01 2024-08-31 09718061 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09718061 bus:RegisteredOffice 2023-09-01 2024-08-31 09718061 bus:Director1 2023-09-01 2024-08-31 09718061 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09718061 core:OfficeEquipment 2023-09-01 2024-08-31 09718061 1 2023-09-01 2024-08-31 09718061 countries:AllCountries 2023-09-01 2024-08-31 09718061 core:OfficeEquipment 2023-08-31 09718061 2022-09-01 2023-08-31 09718061 2023-08-31 09718061 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-08-31 09718061 core:CurrentFinancialInstruments 2023-08-31 09718061 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 09718061 core:OfficeEquipment 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 09718061

James Stoddard Orthopaedics Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024

 

(Registration number: 09718061)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

2,050

2,567

Other financial assets

4

208,035

208,035

 

210,085

210,602

Current assets

 

Debtors

5

203,776

-

Cash at bank and in hand

 

22,098

232,186

 

225,874

232,186

Creditors: Amounts falling due within one year

6

(27,964)

(30,251)

Net current assets

 

197,910

201,935

Net assets

 

407,995

412,537

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 9 January 2025 and signed on its behalf by:
 

.........................................

J E Stoddard

Director

 

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

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 59 Snaithing Lane, Sheffield, S10 3LF.

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)

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

3

Tangible assets

Office equipment
£

Cost

At 1 September 2023

3,330

Additions

187

At 31 August 2024

3,517

Depreciation

At 1 September 2023

763

Charge for the year

704

At 31 August 2024

1,467

Carrying amount

At 31 August 2024

2,050

At 31 August 2023

2,567

4

Fixed asset investments

Investments
£

Cost

At 1 September 2023

208,035

31 August 2024

208,035

Carrying amount

At 31 August 2024

208,035

At 31 August 2023

208,035

 

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

5

Debtors

2024
£

2023
£

Amounts owed by related parties

203,776

-

6

Creditors

2024
£

2023
£

Due within one year

Corporation tax

23,811

26,016

Accruals and deferred income

2,400

2,334

Director's current account

1,753

1,901

27,964

30,251

7

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 £10,009.

8

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)

9

Parent and ultimate parent undertaking

The company's immediate parent is Snaithing Holdings Limited, a company incorporated in England.

 The ultimate controlling party is Mrs R K Stoddard.