Citydoc Medical Limited - Period Ending 2015-06-30

Registration number: 07619063

Citydoc Medical Limited
 
 Unaudited Abbreviated Accounts
 
 for the Year Ended 30 June 2015
 

Citydoc Medical Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Citydoc Medical Limited (Registration number: 07619063 )
  Abbreviated Balance Sheet at 30 June 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets					933,918			1,167,397
Tangible fixed assets					14,356			21,206
					948,274			1,188,603
Current assets
Stocks					15,000			10,000
Debtors					26,104			29,200
Cash at bank and in hand					15,783			30,235
					56,887			69,435
Creditors: Amounts falling due within one year					(327,013)			(647,048)
Net current liabilities					(270,126)			(577,613)
Net assets					678,148			610,990
Capital and reserves
Called up share capital		3			1,600			1,600
Profit and loss account					676,548			609,390
Shareholders' funds					678,148			610,990

For the year ending 30 June 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The notes on pages 3 to 4 form an integral part of these financial statements. ________________________________________________________________________________________ 1

Citydoc Medical Limited (Registration number: 07619063 )
  Abbreviated Balance Sheet at 30 June 2015 (continued)

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 23 March 2016 and signed on its behalf by:

.........................................
Dr J Ghalaey
Director

The notes on pages 3 to 4 form an integral part of these financial statements. ________________________________________________________________________________________ 2

Citydoc Medical Limited
Notes to the Abbreviated Accounts
Year Ended 30 June 2015 (continued)

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	12.5% per annum of cost

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Surgery premises	Over period of lease 7 years
Equipment	20% per annum of cost

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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Citydoc Medical Limited
Notes to the Abbreviated Accounts
Year Ended 30 June 2015 (continued)

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 July 2014		1,867,834			46,073			1,913,907
Additions		-			1,799			1,799
At 30 June 2015		1,867,834			47,872			1,915,706
Depreciation
At 1 July 2014		700,437			24,867			725,304
Charge for the year		233,479			8,649			242,128
At 30 June 2015		933,916			33,516			967,432
Net book value
At 30 June 2015		933,918			14,356			948,274
At 30 June 2014		1,167,397			21,206			1,188,603

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		1,600			1,600			1,600			1,600

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