General Information
Warwick Orthopaedics Ltd is a private company limited by shares and is incorporated in England and Wales. The address of the registered office is 15 Queens Road, Yardley, Birmingham, United Kingdom, B26 2AA. The nature of the company's operations and its principal activity was that of providing orthopaedic medical treatment.
| 1. |
Accounting policies
Significant accounting policies
The company's financial statements have been prepared in compliance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical cost convention and on a going concern basis. The financial statements comprise the unaudited financial statements of the company up to 31 March each year, and are stated in pound sterling, the company's functional and presentational currency.
The principal accounting policies applied in the preparation of these financial statements are set out below, these policies have been applied consistently to all the years presented, unless otherwise stated.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Motor Vehicles |
25% Reducing Balance
|
| Fixtures and Fittings |
25% Reducing Balance
|
| Computer Equipment |
33% Reducing Balance
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
|
| 2. |
Employees and Directors
Average number of employees during the year was 3 (2024 : 3).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2024 |
50,314 |
|
12,244 |
|
16,775 |
|
79,333 |
| Additions |
- |
|
- |
|
1,333 |
|
1,333 |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
50,314 |
|
12,244 |
|
18,108 |
|
80,666 |
| Depreciation |
| At 01 April 2024 |
12,742 |
|
3,061 |
|
10,631 |
|
26,434 |
| Charge for year |
9,393 |
|
2,296 |
|
2,490 |
|
14,179 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
22,135 |
|
5,357 |
|
13,121 |
|
40,613 |
| Net book values |
| Closing balance as at 31 March 2025 |
28,179 |
|
6,887 |
|
4,987 |
|
40,053 |
| Opening balance as at 01 April 2024 |
37,572 |
|
9,183 |
|
6,144 |
|
52,899 |
|
| 4. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
3
Ordinary shares of £1.00 each |
3 |
|
3 |
|
3 |
|
3 |
|
2
|