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REGISTERED NUMBER: 11000315 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

TORBAY ORTHOPAEDICS LIMITED

TORBAY ORTHOPAEDICS LIMITED (REGISTERED NUMBER: 11000315)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TORBAY ORTHOPAEDICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr S M Blake
Mrs R M Blake



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 11000315 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Barclays
Truro
TR1 2RP

TORBAY ORTHOPAEDICS LIMITED (REGISTERED NUMBER: 11000315)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,179 7,402

CURRENT ASSETS
Debtors 5 46,878 40,566
Investments 6 117,619 45,000
Cash at bank 287,307 260,404
451,804 345,970
CREDITORS
Amounts falling due within one year 7 46,548 36,144
NET CURRENT ASSETS 405,256 309,826
TOTAL ASSETS LESS CURRENT LIABILITIES 421,435 317,228

PROVISIONS FOR LIABILITIES 4,574 1,925
NET ASSETS 416,861 315,303

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 416,761 315,203
SHAREHOLDERS' FUNDS 416,861 315,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

TORBAY ORTHOPAEDICS LIMITED (REGISTERED NUMBER: 11000315)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 July 2025 and were signed on its behalf by:




Mr S M Blake - Director



Mrs R M Blake - Director


TORBAY ORTHOPAEDICS LIMITED (REGISTERED NUMBER: 11000315)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Torbay Orthopaedics 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

TORBAY ORTHOPAEDICS LIMITED (REGISTERED NUMBER: 11000315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 8,137 - 2,500 14,678 25,315
Additions 11,519 1,734 871 1,869 15,993
Disposals (5,148 ) - - - (5,148 )
At 31 October 2024 14,508 1,734 3,371 16,547 36,160
DEPRECIATION
At 1 November 2023 5,532 - 1,446 10,935 17,913
Charge for year 2,555 260 482 2,569 5,866
Eliminated on disposal (3,798 ) - - - (3,798 )
At 31 October 2024 4,289 260 1,928 13,504 19,981
NET BOOK VALUE
At 31 October 2024 10,219 1,474 1,443 3,043 16,179
At 31 October 2023 2,605 - 1,054 3,743 7,402

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,604 -
Directors' current accounts 41,753 37,147
Prepayments 3,521 3,419
46,878 40,566

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Investments Other 117,619 45,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 44,321 34,065
Social security and other taxes 49 21
Accrued expenses 2,178 2,058
46,548 36,144

TORBAY ORTHOPAEDICS LIMITED (REGISTERED NUMBER: 11000315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mrs R M Blake and Mr S M Blake
Balance outstanding at start of year 37,146 28,979
Amounts advanced 57,431 60,853
Amounts repaid (52,824 ) (52,686 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,753 37,146

Loans are unsecured, interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £37,000 (2023 - £37,200) were paid to the directors .