Mediward Limited - Accounts to registrar (filleted) - small 18.2
Mediward Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2018 |
| for |
| Mediward Limited |
| Mediward Limited (Registered number: 02053191) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2018 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Mediward Limited |
| Company Information |
| for the Year Ended 30 September 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 316 Blackpool Road |
| Fulwood |
| Preston |
| Lancashire |
| PR2 3AE |
| Mediward Limited (Registered number: 02053191) |
| Statement of Financial Position |
| 30 September 2018 |
| 30.9.18 | 30.9.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Mediward Limited (Registered number: 02053191) |
| Statement of Financial Position - continued |
| 30 September 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors on its behalf by: |
| Mediward Limited (Registered number: 02053191) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2018 |
| 1. | STATUTORY INFORMATION |
| Mediward Limited 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 |
| The financial statements are prepared in pounds sterling which is the functional currency of the group. |
| Going concern |
| The financial statements have been prepared on a going concern basis. The directors are of the |
| opinion that the company will continue its business in the foreseeable future. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 |
| 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related |
| party transactions with wholly owned subsidiaries within the group. |
| Significant judgements and estimates |
| In the preparation of the financial statements, the directors have made judgements, estimates and |
| assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and |
| the amounts reported for income and expenses during the year. Actual results may differ from these |
| estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. |
| Revenue recognition |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
| rebates, value added tax and other sales taxes. |
| Revenue from sale of goods is recognised when the significant risks and rewards of ownership have |
| transferred to the buyer (usually on despatch of good); the amount of revenue can be measured |
| reliably; it is probable that the associated economic benefits will flow to the entity; and the costs |
| incurred or to be incurred in respect of the transactions can be measured reliably. |
| Tangible fixed assets depreciation policy |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Depreciation is provided on a monthly basis based on when the assets are brought into use. |
| Tangible fixed assets recognition policy |
| Tangible fixed assets are initially recognised at cost. After initial recognition, tangible assets are |
| included at cost less any accumulated depreciation |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| Mediward Limited (Registered number: 02053191) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of |
| Income and Retained Earnings, 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 October 2017 |
| Additions |
| At 30 September 2018 |
| DEPRECIATION |
| At 1 October 2017 |
| Charge for year |
| At 30 September 2018 |
| NET BOOK VALUE |
| At 30 September 2018 |
| At 30 September 2017 |
| Mediward Limited (Registered number: 02053191) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.18 | 30.9.17 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| VAT |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.18 | 30.9.17 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Wages Creditor | 4,673 | 6,383 |
| Pension account | 170 | 98 |
| Accrued expenses |
| 7. | CONTINGENT LIABILITIES |
| Lloyd Bank PLC have a fixed and floating charge over the property, cash balances and the assets and |
| undertakings of the company as security on the debts of its parent company, St Helens Pharmacy |
| Limited. |