Lax (Primary Care) Limited Small abbreviated accounts

LAX (PRIMARY CARE) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 07815735

LAX (PRIMARY CARE) LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

30 November 2015

CHAMBERLAINS UK LLP

Chartered Accountants

173 Cleveland Street

London

W1T 6QR

LAX (PRIMARY CARE) LIMITED

ABBREVIATED BALANCE SHEET

30 November 2015

	2015	2014
Note	£	£
FIXED ASSETS	2
Intangible assets	60,000	120,000
Investments	8	8
	---------	----------
	60,008	120,008
	---------	----------

CREDITORS: Amounts falling due within one year	304,807	303,407
	----------	----------
TOTAL ASSETS LESS CURRENT LIABILITIES	( 244,799)	( 183,399)
	----------	----------

CAPITAL AND RESERVES

Called up equity share capital	3	1	1
Profit and loss account	( 244,800)	( 183,400)
	----------	----------
DEFICIT	( 244,799)	( 183,399)
	----------	----------

For the year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 22 July 2016 .

Mrs V Lax Director

Company Registration Number: 07815735

LAX (PRIMARY CARE) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 30 NOVEMBER 2015

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Going concern The director of the company, has confirmed that she will continue to provide financial support, by deferment of amounts owed to her or by other means to allow the company to continue in operation as a going concern and meet its liabilities as they fall due for payment. In view of the above assurances, the director is satisfied that the company will have sufficient resources to enable it to continue in existence for the foreseeable future, being a period of at least twelve months, and therefore it is appropriate to prepare the financial statements on a going concern basis.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill-5 years straight line

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the director, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2. FIXED ASSETS

Intangible Assets	Investments	Total
£	£	£

COST

At 1 December 2014 and 30 November 2015	300,000	8	300,008
	----------	----	----------

DEPRECIATION

At 1 December 2014	180,000	–	180,000
Charge for year	60,000	–	60,000
	----------	----	----------
At 30 November 2015	240,000	–	240,000
	----------	----	----------

NET BOOK VALUE

At 30 November 2015	60,000	8	60,008
	---------	----	---------

At 30 November 2014	120,000	8	120,008
	----------	----	----------

3. SHARE CAPITAL

Allotted, called up and fully paid:

2015	2014
No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----