Abbreviated Company Accounts - MDX SOLUTIONS LTD

Abbreviated Company Accounts - MDX SOLUTIONS LTD

MD PROJECTS DATA LTD - Company Information

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Registered Number 06896900

MDX SOLUTIONS LTD

Abbreviated Accounts

31 May 2015

MDX SOLUTIONS LTD Registered Number 06896900

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets 2 268,701 216,956
Tangible assets 3 54,571 8,766
Investments - -
323,272 225,722
Current assets
Stocks - -
Debtors 78,676 872,851
Investments - -
Cash at bank and in hand 261,815 136,386
340,491 1,009,237
Prepayments and accrued income - -
Creditors: amounts falling due within one year (229,473) (708,665)
Net current assets (liabilities) 111,018 300,572
Total assets less current liabilities 434,290 526,294
Creditors: amounts falling due after more than one year (70,000) (414,957)
Provisions for liabilities 0 0
Accruals and deferred income 0 0
Total net assets (liabilities) 364,290 111,337
Capital and reserves
Called up share capital 4 250,000 250,000
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account 114,290 (138,663)
Shareholders' funds 364,290 111,337
  • For the year ending 31 May 2015 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 9 June 2015

And signed on their behalf by:
W H Mckie, Director

MDX SOLUTIONS LTD Registered Number 06896900

Notes to the Abbreviated Accounts for the period ended 31 May 2015

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 fees received from customers and commissions received

Tangible assets depreciation policy
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings - 15% on cost
Computer Equipment - 25% on cost
Leasehold Improvement - 20% on cost

Intangible assets amortisation policy
Capitalised development expenditure is measured at cost less accumulated amortisation and impairment losses and is capitalised if it meets the criteria required by the accounting standards SSAP13 for Research & Development. The development expenditure is amortised on a straight line basis over a period of 5 years

Other accounting policies
No liability to UK Corporation Tax arose on ordinary activities for the year ended 31 May 2015 or the year ended 31 May 2014

2Intangible fixed assets
£
Cost
At 1 June 2014 271,195
Additions 116,452
Disposals -
Revaluations -
Transfers -
At 31 May 2015 387,647
Amortisation
At 1 June 2014 54,239
Charge for the year 64,707
On disposals -
At 31 May 2015 118,946
Net book values
At 31 May 2015 268,701
At 31 May 2014 216,956
3Tangible fixed assets
£
Cost
At 1 June 2014 24,669
Additions 58,498
Disposals (10,069)
Revaluations -
Transfers -
At 31 May 2015 73,098
Depreciation
At 1 June 2014 15,903
Charge for the year 12,306
On disposals (9,682)
At 31 May 2015 18,527
Net book values
At 31 May 2015 54,571
At 31 May 2014 8,766
4Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
40,000,000 Ordinary shares of £0.00625 each 250,000 250,000