Registration number:
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Orthosie Limited
Contents
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Orthosie Limited
(Registration number: 06835105)
Abbreviated Balance Sheet at 31 March 2015
Note |
2015 |
2014 |
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£ |
£ |
£ |
£ |
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Fixed assets |
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Intangible fixed assets |
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- |
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Tangible fixed assets |
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- |
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- |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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( |
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Net current liabilities |
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( |
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( |
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Total assets less current liabilities |
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( |
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( |
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Creditors: Amounts falling due after more than one year |
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( |
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( |
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Net liabilities |
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( |
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( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
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( |
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( |
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( |
Approved by the Board on
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1
Orthosie Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis despite the net liabilities in the balance sheet. The directors feel this is appropriate due to the support that continues to be offered by both the directors personally and ultimate parent company, Hevelius Holdings Limited.
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Negative goodwill is included within fixed assets and released to the profit and loss account in the periods in which the fair values of the non-monetary assets purchased on the same acquisition are recovered, whether through sale or depreciation.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Other intangibles |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Stock
Hire purchase and leasing
Orthosie Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
Financial instruments
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 April 2014 |
54,004 |
190,074 |
244,078 |
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Disposals |
(54,004) |
(190,074) |
(244,078) |
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At 31 March 2015 |
- |
- |
- |
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Depreciation |
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At 1 April 2014 |
27,001 |
47,518 |
74,519 |
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Eliminated on disposals |
(27,001) |
(47,518) |
(74,519) |
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At 31 March 2015 |
- |
- |
- |
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Net book value |
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At 31 March 2015 |
- |
- |
- |
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At 31 March 2014 |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Related party transactions |
Directors' advances and credits |
2015 |
2015 |
2014 |
2014 |
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Mr N J Forsyth |
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- |
91,844 |
- |
Orthosie Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
Control |
The company is controlled by