Abbreviated Company Accounts - MEDIC8 LTD
Abbreviated Company Accounts - MEDIC8 LTD
Registered Number SC292442
MEDIC8 LTD
Abbreviated Accounts
31 December 2013
MEDIC8 LTD Registered Number SC292442
Abbreviated Balance Sheet as at 31 December 2013
Notes | 2013 | 2012 | |
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£ | £ | ||
Current assets | |||
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 2 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
For the year ending 31 December 2013 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
And signed on their behalf by:
MEDIC8 LTD Registered Number SC292442
Notes to the Abbreviated Accounts for the period ended 31 December 2013
1Accounting Policies
Basis of measurement and preparation of accounts
Despite the fact that liabilities exceed assets as at 31 December 2013, the Directors are of the opinion that sufficient funding is available to the company to enable it to meet its own liabilities as and when they fall due. The accounts have therefore been prepared on a going concern basis.
Turnover policy
Other accounting policies
Revenue is recognised to the extent that is probable that the economic benefits will flow to the company and the revenue can be reliably measured. The following specific revenue criteria must also be met before revenue is recognised:
- Advertising service fees are recognised when services have been provided, and;
- Interest income is recognised on an accrual basis.