Medilaws Limited - Limited company - abbreviated - 11.6
Medilaws Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| MEDILAWS LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2014 |
| MEDILAWS LIMITED (REGISTERED NUMBER: SC319099) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Chartered Accountants' Report | 5 |
| MEDILAWS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 28 FEBRUARY 2014 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| MEDILAWS LIMITED (REGISTERED NUMBER: SC319099) |
| ABBREVIATED BALANCE SHEET |
| 28 FEBRUARY 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| 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. |
| The financial statements were approved by the director on |
| MEDILAWS LIMITED (REGISTERED NUMBER: SC319099) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2014 |
| 1. | ACCOUNTING POLICIES |
| 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). |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax, attributable to the one principal |
| activity of the company being that of providing consultancy services to the healthcare industry. Income is |
| recognised when the services have been provided. |
| Tangible fixed assets |
| Plant and equipment | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. Deferred taxation is provided in full on timing differences which result in an obligation at the balance |
| sheet date to pay more tax, or a right to pay less tax, at rates expected to apply when they reverse based on |
| current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in |
| taxation computations in periods different from those in which they are included in financial statements. |
| Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no |
| commitment to sell the asset. Deferred tax assets are recognised to the extent that it is regarded as more likely |
| than not that they will be recovered. Deferred tax assets and liabilities are not discounted. |
| Going concern |
| The company has cash resources and has no requirement for external funding. The director has a reasonable |
| expectation that the company has adequate resources to continue in operational existence for the foreseeable |
| future. He continues to believe the going concern basis of accounting appropriate in preparing the annual |
| financial statements. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 March 2013 |
| Additions |
| At 28 February 2014 |
| DEPRECIATION |
| At 1 March 2013 |
| Charge for year |
| At 28 February 2014 |
| NET BOOK VALUE |
| At 28 February 2014 |
| At 28 February 2013 |
| MEDILAWS LIMITED (REGISTERED NUMBER: SC319099) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| MEDILAWS LIMITED |
| The following reproduces the text of the report prepared for the director in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Medilaws Limited for the year ended 28 February 2014 which comprise the Profit and Loss |
| Account, the Balance Sheet, and the related notes from the company's accounting records and from information and |
| explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and |
| other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance. |
| This report is made solely to the director of Medilaws Limited in accordance with our terms of engagement. Our work |
| has been undertaken solely to prepare for your approval the financial statements of Medilaws Limited and state those |
| matters that we have agreed to state to the director of Medilaws Limited in this report in accordance with the |
| requirements of the Institute of Chartered Accountants of Scotland as detailed at |
| http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume |
| responsibility to anyone other than the company and its director for our work or for this report. |
| It is your duty to ensure that Medilaws Limited has kept adequate accounting records and to prepare statutory financial |
| statements that give a true and fair view of the assets, liabilities, financial position and profit of Medilaws Limited. You |
| consider that Medilaws Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Medilaws Limited. For this |
| reason, we have not verified the accuracy or completeness of the accounting records or information and explanations |
| you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Date: ............................................. |