Abbreviated Company Accounts - MERIDIAN MEDICAL PRODUCTS LTD

Abbreviated Company Accounts - MERIDIAN MEDICAL PRODUCTS LTD


Registered Number 07849992

MERIDIAN MEDICAL PRODUCTS LTD

Abbreviated Accounts

31 December 2013

MERIDIAN MEDICAL PRODUCTS LTD Registered Number 07849992

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
$ $
Fixed assets
Intangible assets 2 38,000 -
38,000 -
Current assets
Debtors 2,133,165 1,684,864
Cash at bank and in hand 26,500 21,524
2,159,665 1,706,388
Net current assets (liabilities) 2,159,665 1,706,388
Total assets less current liabilities 2,197,665 1,706,388
Creditors: amounts falling due after more than one year (2,179,401) (1,696,217)
Total net assets (liabilities) 18,264 10,171
Capital and reserves
Called up share capital 3 1,587 1,587
Profit and loss account 16,677 8,584
Shareholders' funds 18,264 10,171
  • 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 23 September 2014

And signed on their behalf by:
Mrs M Byrne, Director

MERIDIAN MEDICAL PRODUCTS LTD Registered Number 07849992

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Trade Marks and other intangibles - Over 10 years
The company has adopted a policy of no depreciation charge in the year of acquisition however a full depreciation charge will be provided in the year of disposal.

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from material timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Intangible fixed assets
$
Cost
At 1 January 2013 -
Additions 38,000
Disposals -
Revaluations -
Transfers -
At 31 December 2013 38,000
Amortisation
At 1 January 2013 -
Charge for the year -
On disposals -
At 31 December 2013 -
Net book values
At 31 December 2013 38,000
At 31 December 2012 -
3Called Up Share Capital
Allotted, called up and fully paid:
2013
$
2012
$
1,000 Ordinary shares of $1.587 each 1,587 1,587