Everest Medics Limited,Ltd - Accounts

Everest Medics Limited,Ltd - Accounts

EVEREST MEDICS LIMITED - Company Information

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2015-02-01 true false Private Limited Company 08844511 2016-01-31 08844511 2015-02-01 2016-01-31 08844511 2015-01-31 08844511 2014-02-01 2015-01-31 08844511 uk-bus:Director1 2015-02-01 2016-01-31 08844511 uk-gaap:PlantMachinery 2015-02-01 2016-01-31 08844511 uk-gaap:MotorVehicles 2015-02-01 2016-01-31 08844511 uk-gaap:FixturesFittings 2015-02-01 2016-01-31 08844511 uk-bus:OrdinaryShareClass1 2016-01-31 iso4217:GBP
Everest Medics Limited
For the year ended 31 January 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08844511
2
Contents Page
Everest Medics Limited
For the year ended 31 January 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Everest Medics Limited
Accountants' Report
For the year ended 31 January 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 January 2016 and you consider that the company is exempt from an audit under the Companies Act
2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
OBS Accountants
103 Bradley House
Radcliffe Moor Road
Bolton
Lancs
BL2 6RT
09 August 2016
Dated:
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4
Abbreviated Balance Sheet
Everest Medics Limited
As at 31 January 2016
08844511
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
7,153
8,679
7,153
8,679
Current assets
Debtors
1,200
2,700
Cash at bank and in hand
540
712
3,240
1,912
Creditors: amounts falling due within one year
(2,200)
(1,876)
(288)
1,364
Net current assets
Total assets less current liabilities
8,517
8,391
8,517
Net assets
8,391
Capital and reserves
Called up share capital
2
3
2
Profit and loss account
8,515
8,389
8,517
8,391
Shareholders funds
For the year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 09 August 2016
Mr Mark Pitkin Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
Everest Medics Limited
For the year ended 31 January 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
Motor Vehicles
25% Reducing balance
Fixtures and Fittings
15% Reducing balance
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6
Notes to the Abbreviated Financial Statements
Everest Medics Limited
For the year ended 31 January 2016
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more
probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
10,565
At 01 February 2015
At 31 January 2016
10,565
Depreciation
1,886
At 01 February 2015
1,526
Charge for year
3,412
At 31 January 2016
Net book values
At 31 January 2016
7,153
8,679
At 31 January 2015
3 Share capital
Authorised
2 Ordinary shares of £1.00 each
Allotted called up and fully paid
2016
2015
£
£
2 Ordinary shares of £1.00 each
2
2
2
2
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