PANACER_MEDICAL_LIMITED - Accounts
PANACER_MEDICAL_LIMITED - Accounts
Company Registration No. 4890873 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(385,823 )
(388,231 )
Net current liabilities
(373,159 )
(376,049 )
Total assets less current liabilities
(358,798 )
(361,810 )
Capital and reserves
Called up share capital
3
Profit and loss account
(358,898 )
(361,910 )
Shareholders' funds
(358,798 )
(361,810 )
Directors' responsibilities:
-
-
Approved by the Board for issue on 29 February 2016
Director
Company Registration No. 4890873
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The company meets its day to day working capital requirements via funding through the directors' loan account.
The directors have given assurances that they will continue to support the company by such means and that they will not call on this loan until the company has sufficient financial resources to repay it. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of support by the directors.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Improvements Leasehold
Fixtures, fittings & equipment
Computer equipment
1.5
Leasing
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the lease term.
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
Additions
At 31 March 2015
Depreciation
At 1 April 2014
Charge for the year
At 31 March 2015
Net book value
At 31 March 2015
At 31 March 2014
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid