Podiamed Limited - Limited company - abbreviated - 11.0.0

Podiamed Limited - Limited company - abbreviated - 11.0.0

PODIAMED LIMITED - Company Information

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REGISTERED NUMBER: 04614102 (England and Wales)















PODIAMED LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2013






PODIAMED LIMITED (REGISTERED NUMBER: 04614102)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2013










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Accountants' Report 5

PODIAMED LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2013







DIRECTOR: P A Wright





SECRETARY: J C Wright





REGISTERED OFFICE: 2 St Andrews Place
Lewes
East Sussex
BN7 1UP





REGISTERED NUMBER: 04614102 (England and Wales)





ACCOUNTANTS: Clark Brownscombe Limited
Chartered Accountants
2 St Andrews Place
Lewes
East Sussex
BN7 1UP
Page 1
PODIAMED LIMITED (REGISTERED NUMBER: 04614102)

ABBREVIATED BALANCE SHEET
31ST DECEMBER 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 22,500 25,000
Tangible assets 3 3,384 3,982
25,884 28,982

CURRENT ASSETS
Stocks 1,100 1,100
Cash at bank 1,742 542
2,842 1,642
CREDITORS
Amounts falling due within one year 10,813 11,650
NET CURRENT LIABILITIES (7,971 ) (10,008 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
17,913
18,974

CAPITAL AND RESERVES
Called up share capital 4 11,500 11,500
Profit and loss account 6,413 7,474
SHAREHOLDERS' FUNDS 17,913 18,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 8th September 2014 and were signed by:



P A Wright - Director


The notes form part of these abbreviated accounts

Page 2
PODIAMED LIMITED (REGISTERED NUMBER: 04614102)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2013


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 amounts invoiced during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, 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 etc - 15% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Going concern
The financial statements have been prepared on the going concern basis as the director has confirmed that he will
continue to support the company for the foreseeable future.

Page 3 continued...
PODIAMED LIMITED (REGISTERED NUMBER: 04614102)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2013


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1st January 2013
and 31st December 2013 50,000
AMORTISATION
At 1st January 2013 25,000
Amortisation for year 2,500
At 31st December 2013 27,500
NET BOOK VALUE

At 31st December 2013 22,500
At 31st December 2012 25,000

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st January 2013
and 31st December 2013 14,009
DEPRECIATION
At 1st January 2013 10,027
Charge for year 598
At 31st December 2013 10,625
NET BOOK VALUE
At 31st December 2013 3,384
At 31st December 2012 3,982

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
11,500 Ordinary A £1 11,500 11,500

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PODIAMED LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) have
been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Podiamed Limited for the year ended 31st December 2013 which comprise the Profit and Loss Account, the
Balance Sheet and the related notes from the company's accounting records and from information and explanations you
have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to
its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Podiamed Limited in accordance with our terms of engagement. Our work has
been undertaken solely to prepare for your approval the financial statements of Podiamed Limited and state those matters
that we have agreed to state to the director of Podiamed Limited in this report in accordance with AAF 2/10 as detailed at
icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other
than the company and its director for our work or for this report.

It is your duty to ensure that Podiamed Limited has kept adequate accounting records and to prepare statutory financial
statements that give a true and fair view of the assets, liabilities, financial position and profit of Podiamed Limited. You
consider that Podiamed Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Podiamed Limited. For this
reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you
have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Clark Brownscombe Limited
Chartered Accountants
2 St Andrews Place
Lewes
East Sussex
BN7 1UP


9th September 2014

This page does not form part of the abbreviated accounts

Page 5