| Eastern Chinese Herbal Medicine Clinic Limited |
|
| Report to the director on the preparation of the unaudited abbreviated accounts of Eastern Chinese Herbal Medicine Clinic Limited for the year ended 31 March 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Eastern Chinese Herbal Medicine Clinic Limited for the year ended 31 March 2015 which comprise of 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
|
| Phillips Young |
| Chartered Certified Accountants |
| Tempo House |
| 15 Falcon Road |
| London |
| SW11 2PJ |
|
| 23 December 2015 |
|
| Eastern Chinese Herbal Medicine Clinic Limited |
| Registered number: |
03993978 |
| Abbreviated Balance Sheet |
| as at 31 March 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
1,011 |
|
|
823 |
|
| Current assets |
| Stocks |
|
|
17,200 |
|
|
18,150 |
|
| Creditors: amounts falling due within one year |
|
|
(73,284) |
|
|
(70,448) |
|
| Net current (liabilities) |
|
|
|
(56,084) |
|
|
(52,298) |
|
| Net (liabilities) |
|
|
|
(55,073) |
|
|
(51,475) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
(55,074) |
|
|
(51,476) |
|
| Shareholder's funds |
|
|
|
(55,073) |
|
|
(51,475) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her 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. |
|
|
|
| Dr Hong Guo |
| Director |
| Approved by the board on 23 December 2015 |
|
| Eastern Chinese Herbal Medicine Clinic Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2015 |
|
| 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. |
|
|
Fixtures, fittings & equipment |
25% straight line |
|
Motor vehicles |
25% straight line |
|
|
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. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
3,044 |
|
Additions |
1,265 |
|
At 31 March 2015 |
4,309 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2014 |
2,221 |
|
Charge for the year |
1,077 |
|
At 31 March 2015 |
3,298 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
1,011 |
|
At 31 March 2014 |
823 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Going concern |
|
The accounts are prepared on a going concern basis in view of the fact the company has received |
|
assurance from the director that she will not be seeking repayment of her loan in the foreseeable |
|
future. |
