Mazmednorth Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08923679 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 5 March 2014 to 31 March 2015

for

Mazmednorth Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Kazemaliloo

Mrs R Kazemaliloo

M Moaddabi

Mrs L Monaldi

REGISTERED OFFICE:

455 Whalley New Road

Blackburn

United Kingdom

BB1 9SP

REGISTERED NUMBER:

08923679 (England and Wales)

ACCOUNTANTS:

RA Accountants LLP

Chartered Certified Accountants

Audit House

260 Field End Road

Eastcote

Middlesex

HA4 9LT

FIXED ASSETS

Intangible assets

2

405,650

Tangible assets

3

29,798

435,448

CURRENT ASSETS

Stocks

40,550

Debtors

124,581

Cash at bank and in hand

5,233

170,364

CREDITORS

Amounts falling due within one year

193,982

NET CURRENT LIABILITIES

(23,618

)

TOTAL ASSETS LESS CURRENT LIABILITIES

411,830

CREDITORS

Amounts falling due after more than one year

4

395,287

NET ASSETS

16,543

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

16,443

SHAREHOLDERS' FUNDS

16,543

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

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

The directors acknowledge their 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 Board of Directors on 27 August 2015 and were signed on its behalf by:

M Kazemaliloo - Director

M Moaddabi - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

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

-

20% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

427,000

At 31 March 2015

427,000

AMORTISATION

Amortisation for period

21,350

At 31 March 2015

21,350

NET BOOK VALUE

At 31 March 2015

405,650

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

37,247

At 31 March 2015

37,247

DEPRECIATION

Charge for period

7,449

At 31 March 2015

7,449

NET BOOK VALUE

At 31 March 2015

29,798

4.

CREDITORS

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

£

Repayable by instalments

73,100

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date M Kazemaliloo was owed £125,025 and M Moaddabi £125,026 by the company.

Directors current account balances are £250,051 out of this balance £50,051 is due in less then one year and

£200,000 will be paid after more than one year.