Premavani Medical Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07244992 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2019

for

Premavani Medical Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Professor A Soopramanien

Mrs K Soopramanien

REGISTERED OFFICE:

7 Lindum Terrace

Lincoln

Lincolnshire

LN2 5RP

REGISTERED NUMBER:

07244992 (England and Wales)

ACCOUNTANTS:

Stanbridge Associates Limited

7 Lindum Terrace

Lincoln

Lincolnshire

FIXED ASSETS

Tangible assets

4

3,478

2,830

CURRENT ASSETS

Debtors

5

125,888

34,240

Cash at bank

86

86

125,974

34,326

CREDITORS

Amounts falling due within one year

6

109,759

39,128

NET CURRENT ASSETS/(LIABILITIES)

16,215

(4,802

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,693

(1,972

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

19,593

(2,072

)

19,693

(1,972

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 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 February 2020 and were signed on its behalf by:

Professor A Soopramanien - Director

1.	STATUTORY INFORMATION

Premavani Medical Limited 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 represents trading income accrued during the period shown by these financial

statements.

Tangible fixed assets

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

Plant and machinery etc

-

3 Year Straight Line

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2018

13,365

Additions

2,904

At 31 May 2019

16,269

DEPRECIATION

At 1 June 2018

10,535

Charge for year

2,256

At 31 May 2019

12,791

NET BOOK VALUE

At 31 May 2019

3,478

At 31 May 2018

2,830

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

125,888

27,072

Other debtors

-

7,168

125,888

34,240

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

450

20,820

Trade creditors

2

2,258

Taxation and social security

46,638

13,836

Other creditors

62,669

2,214

109,759

39,128

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2019

and 31 May 2018:

2019

2018

£

£

Professor A Soopramanien

Balance outstanding at start of year

7,169

34,153

Amounts advanced

-

58,188

Amounts repaid

(10,728

)

(85,172

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,559

)

7,169