Abbreviated Company Accounts - NEUROTECHNICS LIMITED

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02491098 NEUROTECHNICS LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 02491098 2014-01-01 2014-12-31 02491098 2014-12-31 02491098 2013-12-31 02491098 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 02491098 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2014-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2013-12-31 uk-gaap-cd-bus:PreferenceShareClass2 2014-01-01 2014-12-31 uk-gaap-cd-bus:PreferenceShareClass2 2014-12-31 uk-gaap-cd-bus:PreferenceShareClass2 2013-12-31 iso4217:GBP shares

Registered Number 02491098

NEUROTECHNICS LIMITED

Abbreviated Accounts

31 December 2014

NEUROTECHNICS LIMITED Registered Number 02491098

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	42,147	45,447
Tangible assets	3	138,571	130,383
		180,718	175,830
Current assets
Stocks		913,598	1,079,420
Debtors		548,245	384,172
Cash at bank and in hand		646	8,600
		1,462,489	1,472,192
Creditors: amounts falling due within one year		(915,715)	(877,001)
Net current assets (liabilities)		546,774	595,191
Total assets less current liabilities		727,492	771,021
Creditors: amounts falling due after more than one year		(73,757)	(210,263)
Provisions for liabilities		(16,808)	(14,107)
Total net assets (liabilities)		636,927	546,651
Capital and reserves
Called up share capital	4	368,750	368,750
Profit and loss account		268,177	177,901
Shareholders' funds		636,927	546,651

For the year ending 31 December 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 30 April 2015

And signed on their behalf by:
Mr D Murphy, Director
Mr J Gannon, Director

NEUROTECHNICS LIMITED Registered Number 02491098

Notes to the Abbreviated Accounts for the period ended 31 December 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class
Plant and machinery 25% straight line
Fixtures and fittings 20% straight line
Motor vehicles 25% straight line
Computer equipment 20% straight line
Demonstration equipment 20% straight line

Intangible assets amortisation policy
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class
Licence Straight line over the estimated life of twenty years.

2Intangible fixed assets

	£
Cost
At 1 January 2014	66,086
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	66,086
Amortisation
At 1 January 2014	20,639
Charge for the year	3,300
On disposals	-
At 31 December 2014	23,939
Net book values
At 31 December 2014	42,147
At 31 December 2013	45,447

3Tangible fixed assets

	£
Cost
At 1 January 2014	251,380
Additions	54,985
Disposals	(611)
Revaluations	-
Transfers	-
At 31 December 2014	305,754
Depreciation
At 1 January 2014	120,997
Charge for the year	46,339
On disposals	(153)
At 31 December 2014	167,183
Net book values
At 31 December 2014	138,571
At 31 December 2013	130,383

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
155,000 Ordinary shares of £1 each	155,000	155,000
213,750 Preference shares of £1 each	213,750	213,750