Paul Williams Orthopaedics Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07027439 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2022

for

Paul Williams Orthopaedics Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P R Williams

REGISTERED OFFICE:

7 Lindum Terrace

Lincoln

Lincolnshire

LN2 5RP

REGISTERED NUMBER:

07027439 (England and Wales)

ACCOUNTANTS:

Stanbridge Associates Limited

7 Lindum Terrace

Lincoln

Lincolnshire

LN2 5RP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

784

475

784

475

CURRENT ASSETS

Debtors

6

40,137

30,657

Cash at bank

141,791

177,863

181,928

208,520

CREDITORS

Amounts falling due within one year

7

116,030

159,012

NET CURRENT ASSETS

65,898

49,508

TOTAL ASSETS LESS CURRENT LIABILITIES

66,682

49,983

CAPITAL AND RESERVES

Called up share capital

103

103

Retained earnings

66,579

49,880

SHAREHOLDERS' FUNDS

66,682

49,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 9 January 2023 and were signed by:

P R Williams - Director

1.	STATUTORY INFORMATION

Paul Williams Orthopaedics Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents trading income accrued during the period shown by these financial statements.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of three years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% Reducing Balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2021

and 30 September 2022

70,493

AMORTISATION

At 1 October 2021

and 30 September 2022

70,493

NET BOOK VALUE

At 30 September 2022

-

At 30 September 2021

-

5.	TANGIBLE FIXED ASSETS

Computer

equipmen

£

COST

At 1 October 2021

2,442

Additions

570

At 30 September 2022

3,012

DEPRECIATION

At 1 October 2021

1,967

Charge for year

261

At 30 September 2022

2,228

NET BOOK VALUE

At 30 September 2022

784

At 30 September 2021

475

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

27,856

30,657

Other debtors

12,281

-

40,137

30,657

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

9,691

14,028

Other creditors

106,339

144,984

116,030

159,012