Orthomed Worldwide Limited - Period Ending 2014-12-31

ORTHOMED WORLDWIDE LIMITED - Company Information

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Registration number: SC200817

Orthomed Worldwide Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014

Mint Strategies Ltd t/a Mint Accounting
56 King Street
Aberdeen
Aberdeenshire
AB24 5AX

Orthomed Worldwide Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Orthomed Worldwide Limited
for the Year Ended 31 December 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Orthomed Worldwide Limited for the year ended 31 December 2014 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Orthomed Worldwide Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Orthomed Worldwide Limited and state those matters that we have agreed to state to them, as a body, in this report . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Orthomed Worldwide Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Orthomed Worldwide Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Orthomed Worldwide Limited. You consider that Orthomed Worldwide Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Orthomed Worldwide Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Mint Strategies Ltd t/a Mint Accounting
56 King Street
Aberdeen
Aberdeenshire
AB24 5AX

29 September 2015

Page 1

Orthomed Worldwide Limited
(Registration number: SC200817)
Abbreviated Balance Sheet at 31 December 2014

	Note	2014 £	2013 £
Fixed assets
Tangible fixed assets		-	111
Current assets
Debtors		1,073	3,353
Cash at bank and in hand		125	141
		1,198	3,494
Creditors: Amounts falling due within one year		(98)	(653)
Net current assets		1,100	2,841
Total assets less current liabilities		1,100	2,952
Creditors: Amounts falling due after more than one year		(203,580)	(203,580)
Net liabilities		(202,480)	(200,628)
Capital and reserves
Called up share capital	3	29,130	29,130
Profit and loss account		(231,610)	(229,758)
Shareholders' deficit		(202,480)	(200,628)

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 29 September 2015

.........................................
Mr David Simpson
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Orthomed Worldwide Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The accounts have not been prepared on a going concern basis as the company has ceased trading and is in the process of being dissolved.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	3 years straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Orthomed Worldwide Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 January 2014	486	486
Disposals	(486)	(486)
At 31 December 2014	-	-
Depreciation
At 1 January 2014	375	375
Charge for the year	111	111
Eliminated on disposals	(486)	(486)
At 31 December 2014	-	-
Net book value
At 31 December 2014	-	-
At 31 December 2013	111	111

3	Share capital

Allotted, called up and fully paid shares

	2014			2013
		No.	£		No.	£
Ordinary shares of £1 each		29,130	29,130		29,130	29,130

Control

The company is controlled by Mr D. Simpson , director, who owns a minority shareholding. The other shareholders are not involved in the day to day running of the company.

Page 4