Abbreviated Company Accounts - MEDICEAN LIMITED

05693533 MEDICEAN LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 05693533 2013-01-01 2013-12-31 05693533 2013-12-31 05693533 2012-12-31 05693533 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 05693533 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 05693533

MEDICEAN LIMITED

Abbreviated Accounts

31 December 2013

MEDICEAN LIMITED Registered Number 05693533

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	11,669	9,791
		11,669	9,791
Current assets
Stocks		500	500
Debtors		53,474	43,173
Cash at bank and in hand		30	-
		54,004	43,673
Creditors: amounts falling due within one year		(73,832)	(47,646)
Net current assets (liabilities)		(19,828)	(3,973)
Total assets less current liabilities		(8,159)	5,818
Provisions for liabilities		(1,490)	(1,009)
Total net assets (liabilities)		(9,649)	4,809
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(9,749)	4,709
Shareholders' funds		(9,649)	4,809

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 8 July 2014

And signed on their behalf by:
Mrs Natasha Rose, Director

MEDICEAN LIMITED Registered Number 05693533

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

As at 31 December 2013, the company's liabilities exceeded its assets. The director consider the company to be a going concern on the basis that continued support is provided by the related companies. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold 10 year lease term
Fixtures, fittings & equipment 33% Straight Line

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2Tangible fixed assets

	£
Cost
At 1 January 2013	12,305
Additions	5,000
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	17,305
Depreciation
At 1 January 2013	2,514
Charge for the year	3,122
On disposals	-
At 31 December 2013	5,636
Net book values
At 31 December 2013	11,669
At 31 December 2012	9,791

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100