Meridian Medical Products Ltd - Accounts to registrar (filleted) - small 18.2
Meridian Medical Products Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
FOR |
MERIDIAN MEDICAL PRODUCTS LTD |
MERIDIAN MEDICAL PRODUCTS LTD (REGISTERED NUMBER: 07849992) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2018 |
Page |
Company information | 1 |
Statement of financial position | 2 |
Notes to the financial statements | 4 |
MERIDIAN MEDICAL PRODUCTS LTD |
COMPANY INFORMATION |
for the Year Ended 31 December 2018 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Langley House |
Park Road |
East Finchley |
London |
N2 8EY |
MERIDIAN MEDICAL PRODUCTS LTD (REGISTERED NUMBER: 07849992) |
STATEMENT OF FINANCIAL POSITION |
31 December 2018 |
31.12.18 | 31.12.17 |
Notes | $ | $ | $ | $ |
FIXED ASSETS |
Intangible assets | 3 |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
MERIDIAN MEDICAL PRODUCTS LTD (REGISTERED NUMBER: 07849992) |
STATEMENT OF FINANCIAL POSITION - continued |
31 December 2018 |
In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
The financial statements were approved by the director on |
MERIDIAN MEDICAL PRODUCTS LTD (REGISTERED NUMBER: 07849992) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2018 |
1. | STATUTORY INFORMATION |
Meridian Medical Products Ltd is a |
company's registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
Depreciation |
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful |
lives. |
Trade Marks and other intangibles Over 10 years |
Financial instruments |
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 |
‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. |
Financial instruments are recognised in the company's statement of financial position when the company |
becomes party to the contractual provisions of the instrument. |
Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there |
is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or |
to realise the asset and settle the liability simultaneously. |
Basic financial assets and liabilities |
Basic financial assets, and liabilities are initially measured at transaction price including transaction costs and are |
subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a |
financing transaction, where the transaction is measured at the present value of the future receipts discounted at a |
market rate of interest. Financial assets and liabilities classified as receivable or payable within one year are not |
amortised. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade |
creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business |
from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If |
not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and |
subsequently measured at amortised cost using the effective interest method. |
Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual |
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of |
the company after deducting all of its liabilities |
MERIDIAN MEDICAL PRODUCTS LTD (REGISTERED NUMBER: 07849992) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2018 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of |
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the |
operating result. |
3. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
$ |
COST |
At 1 January 2018 |
and 31 December 2018 |
AMORTISATION |
At 1 January 2018 |
Charge for year |
At 31 December 2018 |
NET BOOK VALUE |
At 31 December 2018 |
At 31 December 2017 |
4. | DEBTORS |
31.12.18 | 31.12.17 |
$ | $ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
MERIDIAN MEDICAL PRODUCTS LTD (REGISTERED NUMBER: 07849992) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2018 |
4. | DEBTORS - continued |
31.12.18 | 31.12.17 |
$ | $ |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.18 | 31.12.17 |
$ | $ |
Trade creditors |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.18 | 31.12.17 |
$ | $ |
Other creditors |