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REGISTERED NUMBER: 08574213 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Orthoform Wire Limited

Orthoform Wire Limited (Registered number: 08574213)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Orthoform Wire Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: S Hirsh
J L Russell





REGISTERED OFFICE: 94 Park Lane
Hornchurch
Essex
RM11 1BE





REGISTERED NUMBER: 08574213 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Orthoform Wire Limited (Registered number: 08574213)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,346 3,457

CURRENT ASSETS
Stocks 56,863 52,410
Debtors 5 10,895 14,613
67,758 67,023
CREDITORS
Amounts falling due within one year 6 34,554 25,263
NET CURRENT ASSETS 33,204 41,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,550

45,217

CREDITORS
Amounts falling due after more than one
year

7

(15,265

)

(18,529

)

PROVISIONS FOR LIABILITIES (636 ) (577 )
NET ASSETS 20,649 26,111

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 20,647 26,109
SHAREHOLDERS' FUNDS 20,649 26,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Orthoform Wire Limited (Registered number: 08574213)

Balance Sheet - continued
30 June 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 17 January 2025 and were signed on its behalf by:





J L Russell - Director


Orthoform Wire Limited (Registered number: 08574213)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Orthoform Wire 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

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

Orthoform Wire Limited (Registered number: 08574213)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 July 2023 6,786 3,883 10,669
Additions 772 124 896
At 30 June 2024 7,558 4,007 11,565
DEPRECIATION
At 1 July 2023 4,174 3,038 7,212
Charge for year 773 234 1,007
At 30 June 2024 4,947 3,272 8,219
NET BOOK VALUE
At 30 June 2024 2,611 735 3,346
At 30 June 2023 2,612 845 3,457

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 10,895 14,613

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 12,780 11,394
Trade creditors 9,982 219
Taxation and social security 11,792 13,650
34,554 25,263

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 15,265 18,529

8. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.