Melys AFS Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06562883 (England and Wales)

MELYS AFS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Intangible assets

2

9,032

5,635

Tangible assets

3

464

382

9,496

6,017

CURRENT ASSETS

Stocks

300

300

Debtors

3,702

9,485

Cash at bank and in hand

4,708

10,047

8,710

19,832

CREDITORS

Amounts falling due within one year

17,671

5,306

NET CURRENT (LIABILITIES)/ASSETS

(8,961

)

14,526

TOTAL ASSETS LESS CURRENT LIABILITIES

535

20,543

CAPITAL AND RESERVES

Called up share capital

4

129

129

Share premium

151,919

151,919

Profit and loss account

(151,513

)

(131,505

)

SHAREHOLDERS' FUNDS

535

20,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 13 August 2014 and were signed on its behalf by:

Prof D Parker BSc PhD Finst CPhys - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The directors have a reasonable expectation that the company has access to adequate funding, as

well as the ongoing support of its directors for it to continue trading for the foreseeable future and

as a result of this, the directors continues to adopt the going concern basis of accounting.

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 April 2008).

Intangible asset - patent

Amortisation is provided at 20% on cost in order to write off the asset over its estimated useful

life.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

10,938

Additions

3,397

At 30 April 2014

14,335

AMORTISATION

At 1 May 2013

and 30 April 2014

5,303

NET BOOK VALUE

At 30 April 2014

9,032

At 30 April 2013

5,635

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

571

Additions

164

At 30 April 2014

735

DEPRECIATION

At 1 May 2013

189

Charge for year

82

At 30 April 2014

271

NET BOOK VALUE

At 30 April 2014

464

At 30 April 2013

382

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

6,425

Ordinary

0.02

129

129