PAM Medical Plasma Limited Filleted accounts for Companies House (small and micro)

PAM Medical Plasma Limited Filleted accounts for Companies House (small and micro)

PAM MEDICAL PLASMA LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10133369
PAM MEDICAL PLASMA LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 June 2019
PAM MEDICAL PLASMA LIMITED
STATEMENT OF FINANCIAL POSITION
30 June 2019
2019
2018
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
588
735
CURRENT ASSETS
Debtors
6
63,366
132,553
Cash at bank and in hand
177,057
165,950
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240,423
298,503
CREDITORS: amounts falling due within one year
7
129,612
177,651
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----------
NET CURRENT ASSETS
110,811
120,852
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
111,399
121,587
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----------
NET ASSETS
111,399
121,587
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CAPITAL AND RESERVES
Called up share capital
40
40
Profit and loss account
111,359
121,547
----------
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SHAREHOLDERS FUNDS
111,399
121,587
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
PAM MEDICAL PLASMA LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 June 2019
These financial statements were approved by the board of directors and authorised for issue on 6 February 2020 , and are signed on behalf of the board by:
C Fowler
Director
Company registration number: 10133369
PAM MEDICAL PLASMA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2019
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bay 4 Block D, Willenhall Trading Estate, Midacre, Willenhall, WV13 2JW, England.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts.
(c) Current tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
(d) Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
(e) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(f) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% reducing balance
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 4 (2019:4).
5. TANGIBLE ASSETS
Plant and machinery
£
Cost
At 1 July 2018 and 30 June 2019
1,149
-------
Depreciation
At 1 July 2018
414
Charge for the year
147
-------
At 30 June 2019
561
-------
Carrying amount
At 30 June 2019
588
-------
At 30 June 2018
735
-------
6. DEBTORS
2019
2018
£
£
Trade debtors
63,366
132,553
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7. CREDITORS: amounts falling due within one year
2019
2018
£
£
Trade creditors
50,741
72,084
Accruals and deferred income
4,640
3,950
Corporation tax
62,231
89,617
Other creditors
12,000
12,000
----------
----------
129,612
177,651
----------
----------