A H Orthopaedics Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07875052 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

A H Orthopaedics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Professor A Hart

REGISTERED OFFICE:

Windsor House

Station Court, Station Road

Great Shelford

Cambridge

CB22 5NE

REGISTERED NUMBER:

07875052 (England and Wales)

ACCOUNTANT:

PR Hartley

PO Box 27075

London

N2 0FZ

FIXED ASSETS

Intangible assets

4

-

150,000

CURRENT ASSETS

Debtors

5

392,809

-

Cash at bank

110,048

161,401

502,857

161,401

CREDITORS

Amounts falling due within one year

6

65,475

86,703

NET CURRENT ASSETS

437,382

74,698

TOTAL ASSETS LESS CURRENT LIABILITIES

437,382

224,698

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

437,381

224,697

SHAREHOLDERS' FUNDS

437,382

224,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 8 September 2017 and were signed by:

Professor A Hart - Director

1.	STATUTORY INFORMATION

A H 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

HMRC have reviewed the Goodwill amount regarding the transfer of a business from Professor A

Hart and it was agreed that there was no goodwill element and therefore the goodwill has been

reversed.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Taxation

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST OR VALUATION

At 1 January 2016

250,000

Revaluations

(250,000

)

At 31 December 2016

-

AMORTISATION

At 1 January 2016

100,000

Revaluation adjustments

(100,000

)

At 31 December 2016

-

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

150,000

Cost or valuation at 31 December 2016 is represented by:

Goodwill

£

Valuation in 2016

(250,000

)

Cost

250,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Directors' current accounts

392,809

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Tax

59,675

42,628

Social security and other taxes

4,000

-

Other creditors

1,800

1,800

Directors' current accounts

-

42,275

65,475

86,703

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Professor A Hart.