Abbreviated Company Accounts - HOLMES MEDICAL LTD

HOLMES MEDICAL LTD - Company Information

08348197 HOLMES MEDICAL LTD 2016-01-31 false 2015-02-01 2016-01-31 true 08348197 2015-02-01 2016-01-31 08348197 2016-01-31 08348197 2015-01-31 08348197 uk-gaap-cd-bus:Director1 2015-02-01 2016-01-31 08348197 uk-gaap-cd-bus:Director2 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-01-31 iso4217:GBP shares

Registered Number 08348197

HOLMES MEDICAL LTD

Abbreviated Accounts

31 January 2016

HOLMES MEDICAL LTD Registered Number 08348197

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	31,813	31,350
		31,813	31,350
Current assets
Debtors		1,078	8,952
Cash at bank and in hand		662	1,646
		1,740	10,598
Creditors: amounts falling due within one year		(19,040)	(21,142)
Net current assets (liabilities)		(17,300)	(10,544)
Total assets less current liabilities		14,513	20,806
Creditors: amounts falling due after more than one year		(13,727)	(16,313)
Total net assets (liabilities)		786	4,493
Capital and reserves
Called up share capital	3	3	3
Profit and loss account		783	4,490
Shareholders' funds		786	4,493

For the year ending 31 January 2016 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 16 October 2016

And signed on their behalf by:
David Holmes, Director

HOLMES MEDICAL LTD Registered Number 08348197

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting Convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Small Entities (effective January 2015).

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the ground that it is a small company.

Compliance with Accounting Standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (excepted as otherwise stated).

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:
Improvements to leasehold : 10 years straight line
Plant and machinery : 20% straight line
Computer equipment : 33% straight line
Fixtures, fittings and equipment : 20% straight line
Motor vehicles : 25% straight line

Other accounting policies
Going Concern
The company has the full support of the directors and therefore it is considered appropriate to prepare the financial statements on the going concern basis.

2Tangible fixed assets

	£
Cost
At 1 February 2015	40,054
Additions	7,649
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	47,703
Depreciation
At 1 February 2015	8,704
Charge for the year	7,186
On disposals	-
At 31 January 2016	15,890
Net book values
At 31 January 2016	31,813
At 31 January 2015	31,350

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

	2016 £	2015 £
2 B Ordinary shares of £1 each	2	2
1 Ordinary share of £0.01 each	0	0