Abbreviated Company Accounts - PEAK MEDICAL LTD

05703827 PEAK MEDICAL LTD 2014-12-31 false 2014-01-01 2014-12-31 true 05703827 2014-01-01 2014-12-31 05703827 2014-12-31 05703827 2013-12-31 05703827 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 05703827 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 05703827

PEAK MEDICAL LTD

Abbreviated Accounts

31 December 2014

PEAK MEDICAL LTD Registered Number 05703827

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	6,616	8,322
		6,616	8,322
Current assets
Stocks		72,013	75,522
Debtors		219,951	193,950
Cash at bank and in hand		63,543	60,627
		355,507	330,099
Creditors: amounts falling due within one year		(708,842)	(541,617)
Net current assets (liabilities)		(353,335)	(211,518)
Total assets less current liabilities		(346,719)	(203,196)
Creditors: amounts falling due after more than one year		(1,009,190)	(909,190)
Total net assets (liabilities)		(1,355,909)	(1,112,386)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(1,355,911)	(1,112,388)
Shareholders' funds		(1,355,909)	(1,112,386)

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 14 September 2015

And signed on their behalf by:
Ms A L Lawson, Director

PEAK MEDICAL LTD Registered Number 05703827

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.

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied
consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment: - 33% Straight line basis
Fixtures, fittings & equipment: - 25% Reducing balance basis
Motor vehicles: - 25% Straight line basis

2Tangible fixed assets

	£
Cost
At 1 January 2014	36,635
Additions	2,768
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	39,403
Depreciation
At 1 January 2014	28,313
Charge for the year	4,474
On disposals	-
At 31 December 2014	32,787
Net book values
At 31 December 2014	6,616
At 31 December 2013	8,322

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

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2