Accounts filed on 31-03-2015

Accounts filed on 31-03-2015

LOTUS MEDCO LIMITED - Company Information

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2015-03-182015-03-3108944905falsetruehttp://www.companieshouse.gov.uk/cd:Director12015-03-182015-03-31http://www.companieshouse.gov.uk/2015-03-182015-03-31http://www.companieshouse.gov.uk/2015-03-17http://www.companieshouse.gov.uk/2015-03-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2015-03-182015-03-31http://www.companieshouse.gov.uk/2015-03-17iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 08944905
LOTUS MEDCO LIMITED
ABBREVIATED ACCOUNTS
FOR THE 14 DAY PERIOD ENDED 31/03/2015
Prepared By:
Jainali Accountancy
2
Glenmore Road
Leicester
LE4 9GE

LOTUS MEDCO LIMITED
ABBREVIATED ACCOUNTS
FOR THE 14 DAY PERIOD ENDED 31/03/2015
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 08944905

LOTUS MEDCO LIMITED
Registered Number: 08944905
BALANCE SHEET AT 31/03/2015
20152015
Notes££
CURRENT ASSETS
Debtors (amounts falling due within one year)74,82874,828
Cash at bank and in hand51,61346,563
126,441121,391
CREDITORS: Amounts falling due within one year25,28825,288
NET CURRENT ASSETS101,15396,103
TOTAL ASSETS LESS CURRENT LIABILITIES101,15396,103
CAPITAL AND RESERVES
Profit and loss account101,15396,103
SHAREHOLDERS' FUNDS101,15396,103
For the year ending 31/03/2015 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 05/12/2015 and signed on their behalf by
Dr Subbaraman VARADHARAJAN
Director

LOTUS MEDCO LIMITED
NOTES TO THE ACCOUNTS
FOR THE 14 DAY PERIOD ENDED 31/03/2015
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).
1c. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
1d. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.