Egret Medteq Ltd
Egret Medteq Ltd
Registered number: 09116615
Financial Statements
For The Year Ended 30 June 2018
Tate Accounting Services
66 Summerdown Walk
Trowbridge
Wilts
BA14 0LE
Egret Medteq Ltd
Financial Statements
For The Year Ended 30 June 2018
Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
Egret Medteq Ltd
Balance Sheet
As at
30 June 2018
Balance Sheet
Registered number:
09116615
For the year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2018 | 2017 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| Investments | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 270,293 | 198,723 | |||
Page 1
Egret Medteq Ltd
Balance Sheet (continued)
As at
30 June 2018
Director's responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 6 form part of these financial statements.
Page 2
Egret Medteq Ltd
Notes to the Financial Statements
For The Year Ended 30 June 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of services and goods supplied by the company, net of discounts and value added taxes.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Computer Equipment |
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1.4.
Foreign Currencies
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
1.5.
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in another year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
1.6.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2018 | 2017 | ||
|---|---|---|---|
| Office and administration |
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| Sales, marketing and distribution |
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Page 3
Egret Medteq Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2018
3.
Tangible Assets
| Plant & Machinery | Computer Equipment | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at |
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| Additions |
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| As at |
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| Depreciation | |||
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |||
| As at |
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| As at |
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4.
Investments
| Unlisted | |
|---|---|
| £ | |
| Cost | |
| As at |
- |
| Additions | 113,921 |
| As at |
113,921 |
| Provision | |
| As at |
- |
| As at |
- |
| Net Book Value | |
| As at |
113,921 |
| As at |
- |
Page 4
Egret Medteq Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2018
5.
Debtors
| 2018 | 2017 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| VAT |
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| Other taxes and social security |
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- | |
| Director's loan account | - | 17,275 | |
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6.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
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| £ | £ | ||
| Corporation tax |
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| Other taxes and social security | - |
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| SMART Pension |
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| Accruals |
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| Director's loan account |
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8.
Directors Advances, Credits and Guarantees
Dividends paid to director
| 2018 | 2017 | |
|---|---|---|
| £ | £ | |
| Mr Quentin Manley | 51,000 | 51,000 |
9.
Dividends
| 2018 | 2017 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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| 100,000 | 100,000 | ||
Page 5
Egret Medteq Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2018
10.
Ultimate Controlling Party
The company's ultimate controlling party is Quentin Manley by virtue of his ownership of 51% of the issued share capital in the company.
11.
General Information
Egret Medteq Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09116615 .
The registered office is Heron Cottage, Wingfield, Trowbridge, Wilts, BA14 9LH.
Page 6