Lavender Medical Limited - Limited company - abbreviated

REGISTERED NUMBER: 06828106 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

LAVENDER MEDICAL LIMITED

Page

Company Information

1

Statement by the Director

2

Accountants' Independent Assurance Report

3

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

R S Saab

SECRETARY:

S S Saab

REGISTERED OFFICE:

Unit 28 Wedgewood Way

Stevenage

Hertfordshire

SG1 4QT

REGISTERED NUMBER:

06828106 (England and Wales)

ACCOUNTANTS:

C & H Associates

T/A Mobile Accountants

Chartered Management Accountants

206 Turners Hill

Cheshunt

Waltham Cross

Hertfordshire

EN8 9DE

I confirm that as a director I have met my duty in accordance with the Companies Act 2006 to:

-	ensure that the company has kept proper accounting records;

-	prepare financial statements which give a true and fair view of the state of the company as at 31 March 2015 and of its profit for that period in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008); and

-	follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial statements.

R S Saab - Director

22 May 2015

We have performed certain procedures in respect of the company's unaudited financial statements for the year ended 31 March 2015 on pages nil to nil, made enquiries of the company's director and assessed accounting policies adopted by the director, in order to gather sufficient evidence for our conclusion in this report.

This report is made solely to the company's director in accordance with our terms of engagement. It has been released to

the director on the basis that this report shall not be copied, referred to or disclosed, in whole (save for the director's own

internal purposes or as may be required by law or by a competent regulator) or in part, without our prior written consent.

Our work has been undertaken so that we might state to the director those matters that we have agreed to state to him in

this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to

anyone other than the company and the company's director for our work, for this report or the conclusions we have

formed.

Respective responsibilities

You have confirmed that you have met your duty as set out in the director's statement on page nil. You consider that the company is exempt from the statutory requirement for an audit for the year. Our responsibility is to form and express an independent conclusion, based on the work carried out, to you on the financial statements.

Scope

We conducted our engagement in accordance with the Institute of Chartered Accountants in England & Wales Interim

Technical Release AAF 03/06. Our work was based primarily upon enquiry, analytical procedures and assessing accounting

policies in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). If we considered it

to be necessary, we also performed limited examination of evidence relevant to certain balances and disclosures in the

financial statements where we became aware of matters that might indicate a risk of material misstatement in the financial

statements.

The terms of our engagement exclude any requirement to carry out a comprehensive assessment of the risks of material

misstatement, a consideration of fraud, laws, regulations or internal controls, and we have not done so. We are not required

to, and we do not, express an audit opinion on these financial statements.

Conclusion

Based on our work, nothing has come to our attention to refute the director's confirmation that in accordance with the

Companies Act 2006 the financial statements give a true and fair view of the state of the company's affairs as at

31 March 2015 and of its profit for the year then ended and have been properly prepared in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

C & H Associates

T/A Mobile Accountants

Chartered Management Accountants

206 Turners Hill

Cheshunt

Waltham Cross

Hertfordshire

EN8 9DE

Date: .............................................

FIXED ASSETS

Intangible assets

2

4,115

5,144

Tangible assets

3

90,792

88,406

94,907

93,550

CURRENT ASSETS

Stocks

565,026

501,071

Debtors

164,546

164,418

Cash at bank

59,357

34,638

788,929

700,127

CREDITORS

Amounts falling due within one year

214,976

221,151

NET CURRENT ASSETS

573,953

478,976

TOTAL ASSETS LESS CURRENT
LIABILITIES

668,860

572,526

CREDITORS

Amounts falling due after more than one year

4

1,154,018

1,135,871

NET LIABILITIES

(485,158

)

(563,345

)

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

(485,258

)

(563,445

)

SHAREHOLDERS' FUNDS

(485,158

)

(563,345

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 22 May 2015 and were signed by:

R S Saab - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

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

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

-

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.

Deferred tax

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

sheet date.

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 the profit and loss account in the period to which they relate.

Going concern

The company is trading on a going concern basis, the main source of financing for the company is a fixed repayable

loan that cannot be withdrawn for £1,135,871 (2013: £1,098,319)

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

10,288

AMORTISATION

At 1 April 2014

5,144

Amortisation for year

1,029

At 31 March 2015

6,173

NET BOOK VALUE

At 31 March 2015

4,115

At 31 March 2014

5,144

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

284,237

Additions

52,367

At 31 March 2015

336,604

DEPRECIATION

At 1 April 2014

195,831

Charge for year

49,981

At 31 March 2015

245,812

NET BOOK VALUE

At 31 March 2015

90,792

At 31 March 2014

88,406

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.3.15

31.3.14

£

Repayable by instalments

1,154,018

1,135,871

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

100

Ordinary

1

100

6.	DIRECTORS CURRENT ACCOUNTS

Included in the creditors figure is Directors current accounts balance of £8201 in the year

Lavender Medical Limited - Limited company - abbreviated - 11.6

Lavender Medical Limited - Limited company - abbreviated - 11.6