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Registration number: 08479540

Arthro Dynamik Ltd

Annual Report and Unaudited Financial Statements

For The Year Ended 30 April 2024

 

Arthro Dynamik Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Arthro Dynamik Ltd

(Registration number: 08479540)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

4

 

3,451

 

2,718

Current assets

   

 

Stocks

5

57,333

 

56,459

 

Debtors

6

284,681

 

194,117

 

Cash at bank and in hand

 

61,111

 

54,730

 

 

403,125

 

305,306

 

Creditors: Amounts falling due within one year

7

(171,135)

 

(145,438)

 

Net current assets

   

231,990

 

159,868

Total assets less current liabilities

   

235,441

 

162,586

Creditors: Amounts falling due after more than one year

7

 

(66,854)

 

(84,896)

Provisions for liabilities

 

(679)

 

(679)

Net assets

   

167,908

 

77,011

Capital and reserves

   

 

Called up share capital

2

 

2

 

Profit and loss account

167,906

 

77,009

 

Total equity

   

167,908

 

77,011

 

Arthro Dynamik Ltd

(Registration number: 08479540)
Balance Sheet as at 30 April 2024

For the financial year ending 30 April 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 prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

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 Profit and Loss Account has been taken.

Approved and authorised by the Board on 23 January 2025 and signed on its behalf by:
 

.........................................
Mr A. Moore
Director

 

Arthro Dynamik Ltd

Notes to the Unaudited Financial Statements For The Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Wetherby Business Centre
Craven House
14-18 York Road
Wetherby
West Yorkshire
LS22 6SL
England

These financial statements were authorised for issue by the Board on 23 January 2025.

2

Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

The financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company.

Government grants

Government grants relating to revenue are recognised in profit and loss on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Arthro Dynamik Ltd

Notes to the Unaudited Financial Statements For The Year Ended 30 April 2024

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

Furniture, Fixtures & Fittings

25% Straight Line

Computer Equipment

25% Straight Line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Arthro Dynamik Ltd

Notes to the Unaudited Financial Statements For The Year Ended 30 April 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

24,298

-

24,298

Additions

-

1,850

1,850

At 30 April 2024

24,298

1,850

26,148

Depreciation

At 1 May 2023

21,580

-

21,580

Charge for the year

654

463

1,117

At 30 April 2024

22,234

463

22,697

Carrying amount

At 30 April 2024

2,064

1,387

3,451

At 30 April 2023

2,718

-

2,718

5

Stocks

2024
£

2023
£

Other inventories

57,333

56,459

6

Debtors

Current

2024
£

2023
£

Trade debtors

75,051

116,971

Prepayments

4,029

5,124

Other debtors

205,601

72,022

 

284,681

194,117

 

Arthro Dynamik Ltd

Notes to the Unaudited Financial Statements For The Year Ended 30 April 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Loans and borrowings

25,060

25,750

Taxation and social security

143,075

107,872

Other creditors

3,000

11,816

171,135

145,438

Due after one year

Loans and borrowings

66,854

84,896

8

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 £23,109 (2023 - £36,555).