Company No: 05276121 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	324,447		539,694
Tangible assets	4	108,073		123,214
Investments	5	190,706		190,706
		623,226		853,614
Current assets
Stocks		246,511		264,095
Debtors	6	576,996		512,380
Cash at bank and in hand		1,778,872		1,846,634
		2,602,379		2,623,109
Creditors: amounts falling due within one year	7	( 470,409)		( 454,887)
Net current assets		2,131,970		2,168,222
Total assets less current liabilities		2,755,196		3,021,836
Creditors: amounts falling due after more than one year	8	0		( 91,114)
Provision for liabilities		( 42,481)		( 105,764)
Net assets		2,712,715		2,824,958
Capital and reserves
Called-up share capital	9	270		270
Capital redemption reserve		1,030		1,030
Profit and loss account		2,711,415		2,823,658
Total shareholders' funds		2,712,715		2,824,958

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of D M Orthotics Limited (registered number: 05276121) were approved and authorised for issue by the Director on 26 August 2026. They were signed on its behalf by:

Mr M J A Matthews Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

D M Orthotics Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 2 Cardrew Way, Cardrew Industrial Estate, Redruth, TR15 1SS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover represents the value of goods sold during the year, net of Value Added tax and trade discounts. Turnover is recognised when goods are physically delivered to customer.

Where customers pay in advance for goods, the amount is recorded as deferred income until the goods have been delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software	4 - 7 years straight line
Trademarks, patents and licences	5 - 20 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. The cost of finished goods and work in progress comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in the bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to it selling price less costs to complete and sell, the impairment loss is recognised immediately in profit or loss

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Income from investments is recognised in the period in which it becomes due. Specifically, share of profit or loss of an LLP or partnership in which the company is a partner on confirmation of the company's share for the period. To the extent to which shares of losses of an LLP or partnership represent amounts due by the company to the partnership, these are presented as creditors.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Investment in LLP

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	55		58

3. Intangible assets

	Computer software		Trademarks, patents and licences		Total
	£		£		£
Cost
At 01 December 2024	474,345		342,287		816,632
Additions	4,196		16,037		20,233
Disposals	( 240,790)		0		( 240,790)
At 30 November 2025	237,752		358,324		596,076
Accumulated amortisation
At 01 December 2024	195,107		81,831		276,938
Charge for the financial year	18,852		17,605		36,457
Disposals	( 41,766)		0		( 41,766)
At 30 November 2025	172,193		99,436		271,629
Net book value
At 30 November 2025	65,559		258,888		324,447
At 30 November 2024	279,238		260,456		539,694

4. Tangible assets

	Plant and machinery		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 December 2024	279,970		91,550		91,496		463,016
Additions	6,587		590		17,151		24,328
Disposals	( 135,689)		0		( 4,177)		( 139,866)
At 30 November 2025	150,868		92,140		104,471		347,479
Accumulated depreciation
At 01 December 2024	247,457		38,781		53,564		339,802
Charge for the financial year	9,953		13,340		13,403		36,696
Disposals	( 134,385)		0		( 2,707)		( 137,092)
At 30 November 2025	123,025		52,121		64,260		239,406
Net book value
At 30 November 2025	27,843		40,019		40,211		108,073
At 30 November 2024	32,513		52,769		37,932		123,214

5. Fixed asset investments

	Investments in associates		Total
	£		£
Cost or valuation before impairment
At 01 December 2024	190,706		190,706
At 30 November 2025	190,706		190,706
Carrying value at 30 November 2025	190,706		190,706
Carrying value at 30 November 2024	190,706		190,706

6. Debtors

	2025		2024
	£		£
Trade debtors	447,653		371,782
Other debtors	129,343		140,598
	576,996		512,380

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	90,420		136,303
Trade creditors	76,915		89,752
Taxation and social security	196,168		194,446
Other creditors	106,906		34,386
	470,409		454,887

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

	2025		2024
	£		£
Bank loans	0		91,114

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
270 Ordinary shares of £ 1.00 each	270		270

10. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2025		2024
	£		£
Rent paid to DM Property Redruth LLP	69,600		67,800