4T Medical Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07932878 (England and Wales)

Financial Statements for the Year Ended 31 December 2018

for

4T Medical Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J T Tordjmann

Mrs L R E Tordjmann

REGISTERED OFFICE:

G12 Blenheim House

Cambridge Innovation Park

Denny End Road. Waterbeach

Cambridge

Cambridgeshire

CB25 9GL

REGISTERED NUMBER:

07932878 (England and Wales)

ACCOUNTANTS:

Uttridge Accounting Ltd

Chartered Certified Accountants

36a Church Street

Willingham

Cambridgeshire

CB24 5HT

FIXED ASSETS

Intangible assets

4

32,492

-

Tangible assets

5

47,845

20,119

80,337

20,119

CURRENT ASSETS

Stocks

138,431

121,439

Debtors

6

146,076

114,297

Cash at bank and in hand

191,163

129,153

475,670

364,889

CREDITORS

Amounts falling due within one year

7

188,325

156,584

NET CURRENT ASSETS

287,345

208,305

TOTAL ASSETS LESS CURRENT LIABILITIES

367,682

228,424

PROVISIONS FOR LIABILITIES

11,900

3,800

NET ASSETS

355,782

224,624

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

355,780

224,622

SHAREHOLDERS' FUNDS

355,782

224,624

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 September 2019 and were signed on its behalf by:

J T Tordjmann - Director

1.	STATUTORY INFORMATION

4T Medical Ltd is a private company, limited by shares , registered in England and Wales. The 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Leasehold Improvements

-

20% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

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

items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2017 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

36,102

At 31 December 2018

36,102

AMORTISATION

Charge for year

3,610

At 31 December 2018

3,610

NET BOOK VALUE

At 31 December 2018

32,492

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

and

Computer

Improvements

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2018

2,620

22,446

10,250

35,316

Additions

22,438

10,941

12,407

45,786

Disposals

(2,620

)

-

-

(2,620

)

At 31 December 2018

22,438

33,387

22,657

78,482

DEPRECIATION

At 1 January 2018

2,402

7,039

5,756

15,197

Charge for year

4,488

8,313

5,041

17,842

Eliminated on disposal

(2,402

)

-

-

(2,402

)

At 31 December 2018

4,488

15,352

10,797

30,637

NET BOOK VALUE

At 31 December 2018

17,950

18,035

11,860

47,845

At 31 December 2017

218

15,407

4,494

20,119

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

136,712

107,117

Other debtors

9,364

7,180

146,076

114,297

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

50,097

45,982

Taxation and social security

134,256

107,853

Other creditors

3,972

2,749

188,325

156,584

8.	OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £148,750 consisting of operating lease

payments due over the 5 year lease term on the new office building (2017: £5,100 over 12 months).

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2018 and

31 December 2017:

2018

2017

£

£

Mrs L R E Tordjmann

Balance outstanding at start of year

5,046

-

Amounts advanced

-

5,046

Amounts repaid

(5,046

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

5,046

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by J T Tordjmann and Mrs L R E Tordjmann by virtue of their holding of 100% of the issued share

capital of the company