| Helston Medical Services Ltd |
| Registered number: |
07123426 |
| Abbreviated Balance Sheet |
| as at 31 March 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
1,058,388 |
|
|
1,058,388 |
| Tangible assets |
3 |
|
|
37,682 |
|
|
50,150 |
|
|
|
|
1,096,070 |
|
|
1,108,538 |
|
| Current assets |
| Stocks |
|
|
52,572 |
|
|
52,490 |
| Debtors |
|
|
241,591 |
|
|
234,107 |
| Cash at bank and in hand |
|
|
92,634 |
|
|
81,290 |
|
|
|
386,797 |
|
|
367,887 |
|
| Creditors: amounts falling due within one year |
|
|
(289,677) |
|
|
(282,446) |
|
| Net current assets |
|
|
|
97,120 |
|
|
85,441 |
|
| Total assets less current liabilities |
|
|
|
1,193,190 |
|
|
1,193,979 |
|
|
| Provisions for liabilities |
|
|
|
(2,632) |
|
|
(3,740) |
|
|
| Net assets |
|
|
|
1,190,558 |
|
|
1,190,239 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
180 |
|
|
180 |
| Share premium |
|
|
|
1,166,177 |
|
|
1,166,177 |
| Profit and loss account |
|
|
|
24,201 |
|
|
23,882 |
|
| Shareholders' funds |
|
|
|
1,190,558 |
|
|
1,190,239 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr Steven Bernard Hall |
| Director |
| Approved by the board on 15 August 2014 |
|
| Helston Medical Services Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Equipment, Fixtures & Fittings |
25% reducing balance |
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
1,119,000 |
|
At 31 March 2014 |
1,119,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2013 |
60,612 |
|
At 31 March 2014 |
60,612 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
1,058,388 |
|
At 31 March 2013 |
1,058,388 |
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
The directors decided to suspend amortisation this year. |
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
50,150 |
|
Additions |
92 |
|
At 31 March 2014 |
50,242 |
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the year |
12,560 |
|
At 31 March 2014 |
12,560 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
37,682 |
|
At 31 March 2013 |
50,150 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
A shares |
£1 each |
|
90 |
|
90 |
|
90 |
|
B shares |
£1 each |
|
90 |
|
90 |
|
90 |
|
|
|
|
|
|
180 |
|
180 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Mr Steven Bernard Hall |
|
Director loan |
51 |
|
- |
|
- |
|
51 |
|
|
Mrs Jean Hall |
|
Director loan |
50 |
|
- |
|
- |
|
50 |
|
|
Mr Robert McDougall Boyce |
|
Director loan |
1,000 |
|
- |
|
(1,000) |
|
- |
|
|
|
1,101 |
|
- |
|
(1,000) |
|
101 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Ultimate controlling party |
|
The company is controlled 50% by Helston Arrangements Ltd and 50% by Steven and Jean Hall. |
