2023-07-012024-06-302024-06-30false10825718ORTHO LONDON 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ORTHO LONDON LTD

Registered Number
10825718
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

ORTHO LONDON LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

CHABANI ABBAS, Linda, Dr

Registered Address

128 Woodland Gardens 128 Woodland Gardens
Isleworth
TW7 6LR

Registered Number

10825718 (England and Wales)
ORTHO LONDON LTD
Statement of Financial Position
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets314,62817,066
Tangible assets4-247
Investments534,50034,500
49,12851,813
Current assets
Debtors653,00053,000
Cash at bank and on hand65,073
53,00658,073
Creditors amounts falling due within one year7(41,057)(47,573)
Net current assets (liabilities)11,94910,500
Total assets less current liabilities61,07762,313
Creditors amounts falling due after one year8(68,104)(53,246)
Net assets(7,027)9,067
Capital and reserves
Called up share capital11
Profit and loss account(7,028)9,066
Shareholders' funds(7,027)9,067
The financial statements were approved and authorised for issue by the Director on 24 March 2025, and are signed on its behalf by:
CHABANI ABBAS, Linda, Dr
Director
Registered Company No. 10825718
ORTHO LONDON LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year22
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 July 2324,38024,380
At 30 June 2424,38024,380
Amortisation and impairment
At 01 July 237,3147,314
Charge for year2,4382,438
At 30 June 249,7529,752
Net book value
At 30 June 2414,62814,628
At 30 June 2317,06617,066
4.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 July 231,6191,619
At 30 June 241,6191,619
Depreciation and impairment
At 01 July 231,3721,372
Charge for year247247
At 30 June 241,6191,619
Net book value
At 30 June 24--
At 30 June 23247247
5.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 July 2334,50034,500
At 30 June 2434,50034,500
Net book value
At 30 June 2434,50034,500
At 30 June 2334,50034,500

Notes

1Other investments other than loans
6.Debtors: amounts due within one year

2024

2023

££
Other debtors53,00053,000
Total53,00053,000
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-451
Bank borrowings and overdrafts12,00012,000
Other creditors29,05733,172
Accrued liabilities and deferred income-1,950
Total41,05747,573
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts12,00024,000
Other creditors56,10429,246
Total68,10453,246
9.Share capital
As at 30 June 2024, the company’s issued and fully paid share capital consisted of ordinary shares with a nominal value of £1 each, amounting to a total of £1. There were no changes in the issued share capital during the year. The ordinary shares confer equal voting rights, entitlement to dividends, and rights to the distribution of assets in the event of the company's winding up. The share capital remained unchanged from the prior year ended 30 June 2023.