Orthopaedic Trauma Experts Limited - Limited company accounts 16.3

Orthopaedic Trauma Experts Limited - Limited company accounts 16.3

ORTHOPAEDIC TRAUMA EXPERTS LIMITED - Company Information

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REGISTERED NUMBER: SC509979 (Scotland)











































REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

2 JULY 2015 TO 31 JULY 2016

FOR

ORTHOPAEDIC TRAUMA EXPERTS LIMITED

ORTHOPAEDIC TRAUMA EXPERTS LIMITED (REGISTERED NUMBER: SC509979)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 2 July 2015 to 31 July 2016




Page

Company Information 1

Report of the Directors 2

Profit and Loss Account 3

Balance Sheet 4

Notes to the Financial Statements 5


ORTHOPAEDIC TRAUMA EXPERTS LIMITED

COMPANY INFORMATION
for the Period 2 July 2015 to 31 July 2016







DIRECTORS: Dr J Reid
M Moran
Dr M Robinson
Dr S G Molyneux
Dr J Keating
Dr I D M Brown
A K Amin
Dr T O White





REGISTERED OFFICE: 20-22 Torphichen Street
Edinburgh
EH3 8JB





REGISTERED NUMBER: SC509979 (Scotland)





ACCOUNTANTS: Acumen Accountants & Advisors Limited
20/22 Torphichen Street
Edinburgh
EH3 8JB
Page 1
ORTHOPAEDIC TRAUMA EXPERTS LIMITED (REGISTERED NUMBER: SC509979)

REPORT OF THE DIRECTORS
for the Period 2 July 2015 to 31 July 2016

The directors present their report with the financial statements of the company for the period 2 July 2015 to 31 July 2016.

INCORPORATION
The company was incorporated on 2 July 2015 .

DIRECTORS
The directors who have held office during the period from 2 July 2015 to the date of this report are as follows:

Dr J Reid - appointed 2 July 2015
M Moran - appointed 2 July 2015
Dr M Robinson - appointed 2 July 2015
Dr S G Molyneux - appointed 2 July 2015
Dr J Keating - appointed 2 July 2015
Dr I D M Brown - appointed 2 July 2015
A K Amin - appointed 2 July 2015
Dr T O White - appointed 2 July 2015

All the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

DIRECTORS' ASSURANCES
The directors acknowledge that there is a shortfall of funds in the balance sheet, and advise that this situation will be addressed in the year ended
31 July 2017. The directors have also given assurances that the directors' loan balances will not be repaid until the company is in a better financial
position.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Dr S G Molyneux - Director


31 March 2017

Page 2
ORTHOPAEDIC TRAUMA EXPERTS LIMITED (REGISTERED NUMBER: SC509979)

PROFIT AND LOSS ACCOUNT
for the Period 2 July 2015 to 31 July 2016

Notes £   

TURNOVER -

Administrative expenses 10,939
OPERATING LOSS and
LOSS ON ORDINARY ACTIVITIES BEFORE
TAXATION
2
(10,939
)

Tax on loss on ordinary activities 3 -
LOSS FOR THE FINANCIAL PERIOD (10,939 )

The notes form part of these financial statements

Page 3
ORTHOPAEDIC TRAUMA EXPERTS LIMITED (REGISTERED NUMBER: SC509979)

BALANCE SHEET
31 July 2016

Notes £   
CURRENT ASSETS
Cash at bank 662

CREDITORS
Amounts falling due within one year 4 11,521
NET CURRENT LIABILITIES (10,859 )
TOTAL ASSETS LESS CURRENT LIABILITIES (10,859 )

CAPITAL AND RESERVES
Called up share capital 5 80
Profit and loss account 6 (10,939 )
SHAREHOLDERS' FUNDS (10,859 )

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

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

The directors acknowledge their 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the Board of Directors on 31 March 2017 and were signed on its behalf by:





Dr S G Molyneux - Director


The notes form part of these financial statements

Page 4
ORTHOPAEDIC TRAUMA EXPERTS LIMITED (REGISTERED NUMBER: SC509979)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 2 July 2015 to 31 July 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The directors confirm that it is appropriate for the financial statements to have been prepared on a going concern basis. The directors
have also given there assurance that they will continue to support the company and that the directors' loan balances will not be repaid
until such time that there are sufficient reserves to do so.

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting
Standard for Smaller Entities (effective January 2015).

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2. OPERATING LOSS

The operating loss is stated after charging:

£   

Directors' remuneration and other benefits etc -

3. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose on ordinary activities for the period.

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 11,521

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
80 Ordinary 1 80

6. RESERVES
Profit
and loss
account
£   

Deficit for the period (10,939 )
At 31 July 2016 (10,939 )

Page 5