Abbreviated Company Accounts - LOVE MEDICAL LIMITED

Abbreviated Company Accounts - LOVE MEDICAL LIMITED


Registered Number 06558818

LOVE MEDICAL LIMITED

Abbreviated Accounts

31 August 2015

LOVE MEDICAL LIMITED Registered Number 06558818

Abbreviated Balance Sheet as at 31 August 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 28,828 33,482
28,828 33,482
Current assets
Stocks 6,010 1,725
Debtors 58,429 31,980
Cash at bank and in hand 74,140 47,417
138,579 81,122
Creditors: amounts falling due within one year (138,873) (101,812)
Net current assets (liabilities) (294) (20,690)
Total assets less current liabilities 28,534 12,792
Provisions for liabilities (2,890) (3,449)
Total net assets (liabilities) 25,644 9,343
Capital and reserves
Called up share capital 3 85 85
Other reserves 15 15
Profit and loss account 25,544 9,243
Shareholders' funds 25,644 9,343
  • For the year ending 31 August 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 2 February 2016

And signed on their behalf by:
J Syson, Director

LOVE MEDICAL LIMITED Registered Number 06558818

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced for sales of goods and services excluding value added tax.

Income receivable from service and maintenance contracts is recognised on a straight line basis over the contract term. Income from service and maintenance contracts which relates to periods subsequent to the period end is included in current liabilities as deferred income

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Short leasehold - 10% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

2Tangible fixed assets
£
Cost
At 1 September 2014 59,466
Additions 2,284
Disposals -
Revaluations -
Transfers -
At 31 August 2015 61,750
Depreciation
At 1 September 2014 25,984
Charge for the year 6,938
On disposals -
At 31 August 2015 32,922
Net book values
At 31 August 2015 28,828
At 31 August 2014 33,482
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
85 Ordinary shares of £1 each 85 85