| Orthosole Worldwide Limited |
| Registered number: |
10000407 |
| Balance Sheet |
| as at 31 July 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
200,000 |
|
|
- |
|
| Current assets |
| Debtors |
3 |
|
100 |
|
|
- |
| Cash at bank and in hand |
|
|
3,776 |
|
|
100 |
|
|
|
3,876 |
|
|
100 |
|
| Creditors: amounts falling due within one year |
4 |
|
(84,291) |
|
|
- |
|
| Net current (liabilities)/assets |
|
|
|
(80,415) |
|
|
100 |
|
| Net assets |
|
|
|
119,585 |
|
|
100 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Revaluation reserve |
5 |
|
|
99,255 |
|
|
- |
| Profit and loss account |
|
|
|
20,230 |
|
|
- |
|
| Shareholders' funds |
|
|
|
119,585 |
|
|
100 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Ronald C Irani |
| Director |
| Approved by the board on 28 April 2019 |
|
| Orthosole Worldwide Limited |
| Notes to the Accounts |
| for the year ended 31 July 2018 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
Additions |
200,000 |
|
At 31 July 2018 |
200,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 31 July 2018 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2018 |
200,000 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 3 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Other debtors |
100 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Other creditors |
84,291 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 5 |
Revaluation reserve |
2018 |
|
2017 |
| £ |
£ |
|
|
Gain on revaluation of land and buildings |
99,255 |
|
- |
|
|
At 31 July 2018 |
99,255 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
Orthosole Worldwide Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
5 Welby Close |
|
Maidenhead |
|
Berkshire |
|
SL6 3PY |