Abbreviated Company Accounts - SENSORCARE SYSTEMS LIMITED

SENSORCARE SYSTEMS LIMITED - Company Information

03033192 SENSORCARE SYSTEMS LIMITED 2014-06-30 false 2013-07-01 2014-06-30 true 03033192 2013-07-01 2014-06-30 03033192 2014-06-30 03033192 2013-06-30 03033192 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 03033192 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number 03033192

SENSORCARE SYSTEMS LIMITED

Abbreviated Accounts

30 June 2014

SENSORCARE SYSTEMS LIMITED Registered Number 03033192

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	32,743	32,743
		32,743	32,743
Current assets
Stocks		81,175	59,951
Debtors		47	-
		81,222	59,951
Creditors: amounts falling due within one year		(108,438)	(52,181)
Net current assets (liabilities)		(27,216)	7,770
Total assets less current liabilities		5,527	40,513
Accruals and deferred income		(725)	(725)
Total net assets (liabilities)		4,802	39,788
Capital and reserves
Called up share capital	3	3	3
Profit and loss account		4,799	39,785
Shareholders' funds		4,802	39,788

For the year ending 30 June 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 March 2015

And signed on their behalf by:
C Morris, Director
A Stott, Director

SENSORCARE SYSTEMS LIMITED Registered Number 03033192

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Intangible assets amortisation policy
Patents are internally developed and have a readily ascertainable market value. The valuation is based on the lodgement of fees for purchasing the patent. No events have occurred during the year to affect the value. No amortisation is provided as the patents have an indefinite useful life.

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

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

2Intangible fixed assets

	£
Cost
At 1 July 2013	32,743
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	32,743
Amortisation
At 1 July 2013	-
Charge for the year	-
On disposals	-
At 30 June 2014	-
Net book values
At 30 June 2014	32,743
At 30 June 2013	32,743

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
3 Ordinary shares of £1 each	3	3