Neill Thompson Orthopaedic Services Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI069950

Neill Thompson Orthopaedic Services Ltd

Filleted Unaudited Financial Statements

31 July 2025

Neill Thompson Orthopaedic Services Ltd

Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	722,374	747,620
Investments	6	175,584	172,938
		---------	---------
		897,958	920,558

Current assets

Debtors	7	881,824	807,027
Cash at bank and in hand		162,518	170,512
		------------	---------
		1,044,342	977,539

Creditors: amounts falling due within one year	8	250,914	252,841
		------------	---------
Net current assets		793,428	724,698
		------------	------------
Total assets less current liabilities		1,691,386	1,645,256

Creditors: amounts falling due after more than one year	9	703	10,981

Provisions	10,417	10,417
	------------	------------
Net assets	1,680,266	1,623,858
	------------	------------

Capital and reserves

Called up share capital	10	160	160
Profit and loss account		1,680,106	1,623,698
		------------	------------
Shareholders funds		1,680,266	1,623,858
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2025 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Neill Thompson Orthopaedic Services Ltd

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 9 April 2026 , and are signed on behalf of the board by:

Mr N Thompson

Director

Company registration number: NI069950

Neill Thompson Orthopaedic Services Ltd

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 51 Ravara Road, Ballygowan, Newtownards, BT23 6NN, Northern Ireland.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Equipment	-	20% reducing balance
Motor vehicles	-	33% reducing balance
Computer equipment	-	33 % straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 4 ).

5. Tangible assets

	Freehold property	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 August 2024	640,849	90,245	127,625	66,177	924,896
Additions	–	10,569	–	825	11,394
Disposals	–	–	( 23,348)	–	( 23,348)
	---------	---------	---------	--------	---------
At 31 July 2025	640,849	100,814	104,277	67,002	912,942
	---------	---------	---------	--------	---------
Depreciation
At 1 August 2024	–	70,161	62,523	44,592	177,276
Charge for the year	–	6,130	13,923	11,319	31,372
Disposals	–	–	( 18,080)	–	( 18,080)
	---------	---------	---------	--------	---------
At 31 July 2025	–	76,291	58,366	55,911	190,568
	---------	---------	---------	--------	---------
Carrying amount
At 31 July 2025	640,849	24,523	45,911	11,091	722,374
	---------	---------	---------	--------	---------
At 31 July 2024	640,849	20,084	65,102	21,585	747,620
	---------	---------	---------	--------	---------

6. Investments

	Other investments other than loans
	£
Cost
At 1 August 2024	172,938
Additions	2,646
	---------
At 31 July 2025	175,584
	---------
Impairment
At 1 August 2024 and 31 July 2025	–
	---------

Carrying amount
At 31 July 2025	175,584
	---------
At 31 July 2024	172,938
	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	283,219	133,445
Amounts owed by group undertakings and undertakings in which the company has a participating interest	290,608	288,608
Other debtors	307,997	384,974
	---------	---------
	881,824	807,027
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,648	10,648
Corporation tax	112,204	121,209
Social security and other taxes	21,282	23,878
Pensions Payable	342	293
Other creditors	106,438	96,813
	---------	---------
	250,914	252,841
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	703	10,981
	----	--------

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	136	136	136	136
Ordinary A shares of £ 1 each	12	12	12	12
Ordinary B shares of £ 1 each	12	12	12	12
	----	----	----	----
	160	160	160	160
	----	----	----	----

11. Directors' advances, credits and guarantees